Federal government approves Air Canada purchase of Transat A.T. Inc.

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(CBC)

WestJet suggested merger would give Air Canada a near-monopoly over flights to Europe

The federal government has approved Air Canada’s purchase of competing airline Transat A.T. Inc. under a series of strict terms and conditions the government says “are in the interest of Canadians.”

A statement released by the transport minister’s office said the impact of COVID-19 was a key factor in the final decision to approve the purchase. 

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