Originally Posted by
eigenvector
Has the QC government take a public position on the merger? I haven't seen it mentioned in any recent media coverage.
Back in October, when the revised deal was announced, Legault (who was a co-founder of Transat, by the way) was asked about it:
Asked about Air Canada’s revised offer for Transat during a news conference Tuesday, Quebec Premier François Legault struck a cautious tone. The Premier, a former Air Transat executive, said the market capitalization of both companies has declined as the outlook for the air travel industry has worsened.
He characterized the possibility that a competing offer will emerge to challenge Air Canada as “hypothetical.” “I’m not aware that there is a private buyer that would be interested in buying Transat for the time being,” Mr. Legault said. A “serious” buyer would need to materialize before Quebec weighs throwing its support behind a rival bid, he said.
The Quebec government has said previously that it would consider requests for financial backing from bidders for Transat that support its political objectives for the company – namely, maintaining Transat’s brand, head office and as much employment as possible in Quebec.
Excerpted from a
Globe article.
I don't think there's any serious alternative, so not sure it makes much sense for them to raise a stink.