Transat Seeks to Allay Antitrust Issues in Air Canada Reviews
- Says concessions may be offered, boosting chance of approval
- Firm told investors that EU sent out antitrust objections
Air Transat aircraft sit on the tarmac at Pearson airport in Toronto in April.
Photographer: Cole Burston/BloombergThis article is for subscribers only.
Transat AT Inc. told shareholders it’s seeking to allay antitrust issues pinpointed by the European Union over its takeover by Air Canada and hopes to win approval by February.
The company said in a letter dated Nov. 12 that it’s working with Air Canada “to address the concerns raised” by the European Commission in a so-called statement of objections sent late September.