Air Canada says its deal to acquire travel company Transat A.T. Inc. has cleared another hurdle.
The airline says the Superior Court of Quebec has granted a final order approving the takeover following approval by shareholders last week.
The deal is still subject to regulatory approvals and other closing conditions.
(Sponsored)
Family-owned Coke Canada Bottling investing to grow in Ottawa-Gatineau
Have you ever wondered where your favourite Coca-Cola products come from? Few people in know that over 300 popular beverages products, like Coca-Cola, Coke Zero, Fuze, Fanta, Monster Energy, A&W
Invest with confidence: Hydro Ottawa funds technical studies for business retrofits
For Ottawa businesses, the opportunity to improve building performance has never been greater. Energy retrofits can cut emissions, strengthen operations, extend the life of assets, reduce operating costs, and position
The takeover will narrow the field of airline competition, securing for Air Canada about 60 per cent of the Canadian transatlantic market and helping the company maintain a firm hold on Montreal air travel.
It is expected to face intense scrutiny from the Competition Bureau and other regulatory authorities, including in Europe.
Earlier this week, federal Transport Minister Marc Garneau approved an extended public interest assessment by Transport Canada and the Commissioner of Competition.
