91丝瓜视频

Shareholders of Air Transat rejected Quebec media magnate Pierre-Karl P茅ladeau鈥檚 attempt to gain control of the travel company鈥檚 board. The billionaire聽businessman聽has had his eye on the company for some time.

"Owning an airline seems to be very cool stuff. It seems to appeal to聽egos to some degree,"聽says Karl Moore,聽Associate Professor at 91丝瓜视频 Desautels. Air Transat is carrying a heaving debt load and lost millions in the latest quarter, but there is still a business case to be made for leisure airlines.

"People travel a lot. We have winter so we like to go south,"聽says Moore. "And Canada is an attractive market compared to Europe, where there's a lot of competition, a lot of government involvement, and the U.S. where it's a great market but there's a lot of competition."