European Authorities Resume Investigation of Air Canada-Transat Deal

CTVNEWS/CANADIANPRESS – European regulatory authorities have resumed their investigation into Air Canada’s proposed purchase of Transat AT, giving themselves a few more months to hand down a decision.

The European Commission, which was awaiting additional data from the two Canadian travel companies, says it will reach a conclusion by Dec. 12.

The commission’s antitrust body launched the investigation into the $720-million deal in May to determine whether it would hurt competition in Canadian and European markets.

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