Air Canada – Air Transat deal goes ahead

The long-expected takeover of Air Transat by Air Canada, reported by BTN last October, has been approved by the Canadian Government, in spite of the pandemic. 

The brand is to stay and also the separate head office in Quebec.  The routes to Europe seem to be in doubt but no formal statement has been made.

In confirming the purchase Omar Alghabra, Minister of Transport, noted that Covid-19 was a key factor in the final decision with the current uncertainty casting doubt on Air Transat’s ability to continue, as it faces significant financing challenges.

The Government of Canada has determined that the proposed acquisition offers the best probable outcomes for workers, for Canadians seeking service and choice in leisure travel to Europe, and for other Canadian industries that rely on air transport, particularly aerospace.

www.aircanada.com

www.airtransat.com

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