Transat AT Inc shareholders on Friday overwhelmingly voted in favor of Air Canad...
MONTREAL - Transat AT Inc shareholders on Friday overwhelmingly voted in favor of Air Canada’s bid for the leisure group, in a deal that still requires domestic and European regulatory approval.
Canada’s largest carrier said the Transat acquisition would bolster its leisure travel business after the deal closes, which is expected in 2020. The deal would give Transat a 60% market share of select transatlantic routes to and from Canada, and would require approvals from domestic and European competition regulators.
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