Write For Us

Air Canada, Transat agree to scrap $190M deal after EU hurdle

Sponsored Post Vitamin D2 Canada Persia
180 Views

  • Thanks! Share it with your friends!

    You disliked this video. Thanks for the feedback!

ava
Published
Air Canada scrapped its proposed acquisition of Transat AT Inc on Friday after being advised by the European Commission (EC) that it would still face high regulatory hurdles, clearing the way for other domestic suitors for the tour operator.

Canada’s largest airline said that after recent discussions with the European Commission (EC), it had become evident the EC will not approve the acquisition based on the offered remedy package the carrier made earlier this year.

Mike Armstrong explains the hurdles Air Canada faced in its proposed takeover and who's still interested in buying Air Transat.

For more info, please go to https://globalnews.ca/news/7735931/air-canada-transat-terminate-deal/

Subscribe to Global News Channel HERE: http://bit.ly/20fcXDc
Like Global News on Facebook HERE: http://bit.ly/255GMJQ
Follow Global News on Twitter HERE: http://bit.ly/1Toz8mt
Follow Global News on Instagram HERE: https://bit.ly/2QZaZIB
#AirCanada #AirTransat #Business #GlobalNews
Category
U.S. & Canada
Tags
air transat, air canada, air transat and air canada deal
Sign in or sign up to post comments.
Be the first to comment