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EU To Probe Air Canada, Transat Deal

By  |  May 26, 2020

EU antitrust regulators on Monday, May 25, opened a full-scale investigation into Air Canada’s bid for Canadian tour operator Transat AT, claiming that the deal may reduce competition on flights between Europe and Canada, reported Reuters. 

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    The European Commission stated the companies had declined to offer concessions to address its concerns during its preliminary review of the deal. It set a September 30 deadline for its decision. 

    Montreal-based Air Canada is hoping Transat will boost its leisure travel business and help it better compete with rival WestJet Airlines under a new owner.

    Full Content: Reuters

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