Porter is ‘not for sale’ despite recent wave of airline consolidation: Deluce
Despite the recent flurry of takeover activity within Canada’s airline industry, the executive chairman of Porter Airlines Inc. says the business is not for sale. “It’s not the first time there’s been consolidation, but there is a fair bit of it going on right now. … On our part, we just keep our head down and keep doing what we’re doing,” said Robert Deluce, who is a former CE of the airline, Thursday. Deluce’s comments come 1 week after Transat’s board of directors approved a C$520m takeover offer by Air Canada, and less than 2 months after WestJet Airlines said it agreed to be acquired private equity firm Onex Corp. But Deluce said Porte is currently well-positioned in the industry, and that the airline isn’t having any discussions around consolidation. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2019-07-05/unaligned/porter-is-2018not-for-sale2019-despite-recent-wave-of-airline-consolidation-deluce
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Porter is ‘not for sale’ despite recent wave of airline consolidation: Deluce
Despite the recent flurry of takeover activity within Canada’s airline industry, the executive chairman of Porter Airlines Inc. says the business is not for sale. “It’s not the first time there’s been consolidation, but there is a fair bit of it going on right now. … On our part, we just keep our head down and keep doing what we’re doing,” said Robert Deluce, who is a former CE of the airline, Thursday. Deluce’s comments come 1 week after Transat’s board of directors approved a C$520m takeover offer by Air Canada, and less than 2 months after WestJet Airlines said it agreed to be acquired private equity firm Onex Corp. But Deluce said Porte is currently well-positioned in the industry, and that the airline isn’t having any discussions around consolidation. <br/>
