Air Canada scraps Transat deal on EU headwinds, other bidder returns By Reuters
By Arunima Kumar and Allison Lampert (Reuters) - Air Canada scrapped its proposed acquisition of Transat AT Inc on Friday after being advised by the European Commission that it would still face high regulatory hurdles, clearing the way for other domestic suitors for the tour operator. Canada's largest airline said that after recent discussions with the European Commission (EC), it had become...
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