Live Breaking News & Updates on ஜீன் ஐவ் லெப்ளாங்க்

Stay updated with breaking news from ஜீன் ஐவ் லெப்ளாங்க். Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.

Air Canada receives government approval for Air Transat deal


15 February 2021
The Canadian government has approved a deal for Air Canada to acquire smaller rival Air Transat.
The revised deal, now valued at C$190 million, was agreed in October last year in the wake of the Covid-19 shutdown of international travel.
The deal remains subject undertakings agreed to by Air Canada designed to ensure effective competition in the market.
Air Transat said approval from the European Commission was still pending, with a decision expected in the first half of the year.
“We are currently working on adjusting all of the deadlines, including our financing agreements, in order to align them with the anticipated completion of the commission’s review process,” commented Jean-Yves Leblanc, chair of the special committee of the board of directors of Transat. ....

Jean Yves Leblanc , Calin Rovinescu , Air Transat , Air Canada , European Commission , Travel News , ஜீன் ஐவ் லெப்ளாங்க் , அேக இடமாற்றம் , அேக கனடா , ஐரோப்பிய தரகு , பயணம் செய்தி ,

Canada's Government approves proposed Air Transat/Air Canada purchase agreement


Measures to facilitate and encourage other airlines to take up former Air Transat routes to Europe;
Preserving the Air Transat head office and brand in Quebec;
Employment commitment of 1500 employees around the new entity s leisure travel business;
Commitment to facilitate aircraft maintenance in Canada, prioritising contracts in Quebec;
A price monitoring mechanism;
Launch and operation of new destinations within the first five years.
The parties now require the approval of the European Commission. Given the time required for the commission to review the last additional information requested, the review period has been extended and a decision is expected to be rendered in 1H2021. Air Transat will discuss with Air Canada the appropriateness of extending the outside date for the consummation of the arrangement, which is currently set at 15-Feb-2021. After this date, if it is not extended, the arrangement will remain in effect, unless terminated by one of the ....

Jean Yves Leblanc , Air Transat , Air Canada , European Commission , Ownership Amp Control , ஜீன் ஐவ் லெப்ளாங்க் , அேக இடமாற்றம் , அேக கனடா , ஐரோப்பிய தரகு , ஓநர்‌ஶிப் ஆம்ப் கட்டுப்பாடு ,