Air Canada's planned Transat acquisition requires additional scrutiny: minister

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Air Canada's planned acquisition of Transat AT raises issues of public inte...

FILE PHOTO: An Airbus A330-200 aircraft of Air Transat airlines takes off in Colomiers near Toulouse, France, July 10, 2018. REUTERS/Regis Duvignau/File Photo

The deal between Canada’s largest carrier and Transat, which runs leisure carrier Air Transat, would give Transat a 60% market share of select trans-Atlantic routes to and from Canada and would require domestic and European regulatory approvals. Garneau said the government had 250 days, or until May 2, 2020, to complete the public interest assessment.

 

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