Air Transat (TS, Montréal Trudeau) urgently needs to secure CAD500 million Canadian dollars (USD401 million) in long-term financing to ensure its operations’ continuity should its acquisition by Air Canada (AC, Montréal Trudeau) not go ahead, parent company Transat A.T. Inc. said in its first-quarter 2021 financial report.

Even though the Canadian government, shareholders, and the Superior Court of Québec have approved the Air Canada deal, a February 15 “outside date” deadline for a decision by the European Commission (EC)…

Source: ch aviation
Read more: Canada's Air Transat urgently needs C0mn to survive