MONTREAL – Transat A.T. Inc. has concluded the sale of its incoming tour operator unit Jonview Canada for $44 million to Japanese multinational H.I.S. Co. Ltd..

The price could be adjusted on the date of final closing of the accounts, says Transat..

On ******** 10, the Competition Bureau of Canada said the transaction did not warrant its intervention.

“The sale of Jonview Canada completes our strategic refocusing around three main pillars: air transportation and travel distribution, which make up our leisure travel operations, as well as hotel operation,” said Jean-Marc Eustache, President and CEO of Transat.

Eustache adds: “This transaction is the latest in a series of initiatives we have implemented in recent years to carry out the company’s new development strategy and ensure its long-term prosperity.”