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Air Transat and Air Canada aircraft sit on the tarmac at Montreal-Trudeau International Airport on April 8, 2020.Paul Chiasson/The Canadian Press

EU antitrust regulators have extended their deadline for a decision on Air Canada’s proposed acquisition of Canadian tour operator Transat by two weeks to Jan. 8.

The European Commission, which opened an investigation in May on concerns that the deal could push up prices and reduce choice for flights between Europe and Canada, said the extension was applied in agreement with the two companies.

Air Canada last month cut its offer price for Transat by nearly 75 per cent to about $188.7 million because of the COVID-19 impact on travel demand.

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Tickers mentioned in this story

Study and track financial data on any traded entity: click to open the full quote page. Data updated as of 22/05/24 2:12pm EDT.

SymbolName% changeLast
AC-T
Air Canada
-0.16%18.45
TRZ-T
Transat At Inc
-1.56%3.15

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