Transat Addressing European Union Antitrust Concerns over Air Canada Takeover

November 18, 2020 ctn_admin

Bloomberg – Transat AT Inc. told shareholders it’s seeking to allayĀ antitrust issuesĀ pinpointed by the European Union over its takeover byĀ Air CanadaĀ and hopes to win approval by February.

The company said in aĀ letterĀ dated Nov. 12 that it’s working with Air Canada ā€œto address the concerns raisedā€ by theĀ European CommissionĀ in a so-called statement of objections sent late September.

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