Sunwing Travel Group and TUI Travel Complete Strategic Combination

On January 14, 2010, Sunwing Travel Group and TUI Travel PLC completed a strategic combination of their respective Canadian tour operations and retail divisions. Pursuant to a combination agreement, TUI Travel PLC contributed its Canadian operations, First Choice Canada Inc., plus $101 million and Sunwing Travel Group contributed Sunwing Vacations. In consideration, TUI Travel PLC received a 25 per cent voting interest and an overall 49 per cent economic interest in Sunwing Travel Group.

Sunwing Travel Group was represented by Wildeboer Dellelce LLP with a team that included Perry Dellelce, Rob Wortzman, Peter Simeon, Sanjeev Patel, Nicholas Dobbek; Christopher Partridge and Lisa Cunningham (secured lending) and Kevin Fritz (tax).

Edwin Nobbs, QC, also represented Sunwing Travel Group in connection with Canadian Transportation Agency issues.

Brian Facey, Jason Gudofsky, Angie Morris and Cassandra Brown of Blake, Cassels & Graydon LLP represented both the Sunwing Travel Group and TUI Travel PLC in connection with competition and Minister of Transportation Infrastructure and Communities issues.

TUI Travel PLC was represented by Blake, Cassels & Graydon LLP with a team that included Carlos Cerqueira, Peter Viitre, Douglas Robertson and Megan Roberts (corporate); Jeffrey Trossman and Jeffrey Shafer (tax); Nathan Cheifetz and Aileen Gien (financial services) and Paul Schabas and Catherine Beagan Flood (litigation).