The proposed merger between Air Canada and Air Transat poses a serious threat to competition between Canada and Europe.
News analysis: Proposed deals involving Westjet, Air Canada, and Air Transat suggest the Canadian aviation market has matured, and domestic growth has gone lethargic.
Air Canada ended weeks of speculation, Thursday, offering to buy leisure airline and travel company Transat for more than $500 million.
Westjet’s chief executive Ed Sims said the airline’s proposed sale to Onex would be good for the long-term growth of the company.
Why the announcement of Onex’s deal to buy Westjet feels like a death in the family.
A bombshell was dropped Monday in Canada’s aviation industry, with Westjet announcing it would be sold to private equity firm Onex Corporation.