EU resumes Air Canada/Transat merger review, sets December 11 deadline

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EU antitrust regulators have resumed their investigation into Air Canada's proposed acquisition of rival Canadian carrier Air Transat and set a deadline of December 11 for a decision.

The European Commission, which oversees competition policy in the 27-member European Union, suspended its investigation in June as it waited for the companies to provide certain data.

The Commission opened an in-depth study of the planned C$720 million acquisition in May, saying it had concerns that it would result in higher prices and less choice for flights between Europe and Canada. A filing by the Commission showed that the suspension had now ended and that a December 11 deadline had been set.

 

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Belgique Dernières Nouvelles, Belgique Actualités