Airlines
Canadian Tour Operator Transat Is Still in Play After Air Canada Deal Falls Apart
Transat's drawn-out acquisition saga, which began in 2019, will have a new chapter now that the European Commission indicated Air Canada's purchase of the major tour operator/airline wouldn't pass regulatory muster. Transat needs a funding infusion to survive, and it's clear that the Canadian government has an interest in keeping the business afloat.
Allison Lampert and Arunima Kumar, Reuters | 3 years ago