Travel

Canadian Tour Operator Transat Is Still in Play After Air Canada Deal Falls Apart

 Brent Lewin  / Bloomberg

An Air Transat aircraft sits at Toronto Pearson International Airport in Toronto on Wednesday July 3, 2013. Air Canada abandoned its proposed acquisition of the tour operator when the European Commission said it would face stiff regulatory hurdles. Brent Lewin / Bloomberg

Skift Take: Transat’s drawn-out acquisition saga, which began in 2019, will have a new chapter now that the European Commission indicated Air Canada’s purchase of the major tour operator/airline wouldn’t pass regulatory muster. Transat needs a funding infusion to survive, and it’s clear that the Canadian government has an interest in keeping the business afloat.

— Dennis Schaal

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