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Air Canada Wants to Drop the Acquisition of Air Transat, Sources

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MONTREAL, CANADA - The ongoing global crisis is likely to hinder the acquisition of Air Transat by its competitor Air Canada. According to sources who are well-informed about the matter said that Air Canada would like the Federal government to intervene to block the transaction. (www.airlinerwatch.com) More...

Tom Novak
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canuck44
canuck44 2
Air Canada suddenly wants government to block this contract Translation: There is probably a clause in the contract which contains no penalty if the deal is blocked by the government but a substantial one if Air Canada bails without cover.
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LAndersen
Leif Andersen 2
Yup. That’s exactly why they want someone else to do the dirty work even if it makes sense.
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