Air Transat received a $700 million lifeline from Ottawa as the company staggers from the pandemic.
The merger between Air Canada and Transat collapsed Friday. What’s next for one of Canada’s leading leisure carriers?
Flair is set to become the first ultra low-cost Canadian carrier to serve Montreal with an expansion set to begin in July.
Transat executives are planning a mid-June restart and are staking out their future plans, with or without Air Canada.
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.”