
Transat said discussions continue about Air Canada buying all its shares, though a deadline came and went without a firm commitment.
Transat said discussions continue about Air Canada buying all its shares, though a deadline came and went without a firm commitment.
Westjet slammed the federal government’s approval of the Air Canada-Transat merger, calling it “a serious setback to Canada’s economy.”
Ottawa has approved the merger of Air Canada and Transat, signalling a post-COVID shakeup in the country’s aviation landscape.
Air Canada reported a loss of $4.6 billion in 2020 as the carrier closed the books on its bleakest year ever.
Air Canada has suspended another 17 routes, including the airline’s first-ever passenger route between Vancouver and Seattle due to COVID.
With additional restrictions on international arrivals, Canada’s airlines entered their darkest days of the COVID-19 pandemic.