Air Canada’s proposed Transat AT acquisition will prevent competition: Reuters

Air Canada’s proposed C$720 million acquisition of Canadian tour operator Transat AT “will result in a substantial lessening or prevention of competition,” according to the Canadian Competition Bureau, reported Reuters. The agency further noted that “the deal would result in increased prices, less choice, decreases in service and a significant reduction in travel on routes where their existing networks overlap.” Transat AT’s largest shareholders include Fonds de solidarité FTQ and Caisse de dépôt et placement du Québec.

Source: Reuters