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Government Approves Air Canada-Transat Deal

MIAMI – The Canadian government has approved Air Canada’s (AC) purchase of Transat A.T. Inc., including rival Air Transat (TS), citing the impact of COVID-19 as a factor in the long-awaited decision.

“Given the devastating impact of the COVID-19 pandemic on the air industry, the proposed purchase of Transat A.T. by Air Canada will bring greater stability to Canada’s air transport market,” said Transport Minister Omar Alghabra in a media statement.

“It will be accompanied by strict conditions which will support future international competition, connectivity and protect jobs. We are confident these measures will be beneficial to travelers and the industry as read more ⇒

Source:: “Airways Magazine”

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