Skip to content
Subscriber Only

Air Canada Drops Transat Takeover After Battle With Europe

  • Montreal-based carrier doesn’t think it can win over EC
  • Transat, needing cash, is now free to negotiate with Peladeau
Air Canada Boeing 737 MAX 8 landing at London Heathrow International Airport. 

Air Canada Boeing 737 MAX 8 landing at London Heathrow International Airport. 

Source: NurPhoto/Getty Images

Updated on

Air Canada dropped its takeover of vacation operator Transat AT Inc. because it couldn’t convince European regulators to approve the deal on acceptable terms.

Canada’s largest airline said it offered a “significant package of remedies” to satisfy the European Commission’s concerns that the merger would reduce competition on flights between EU countries and Canada.