The federal government has approved Air Canada’s purchase of Transat A.T., with some conditions.
Ottawa says the COVID-19 pandemic was a key factor in the final 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,” Transport Minister Omar Alghabra said in a 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 travellers and the industry as a whole.”
More to come