Business
Report of the Commissioner of Competition - Transat reiterates its confidence in the transaction with Air Canada, which is currently undergoing a public interest assessment by the federal government
Report of the Commissioner of Competition - Transat reiterates its confidence in the trans...
About this update from Transat A.t. Inc.
[{"type":"text","content":"\n\n\n\nReport of the Commissioner of Competition - Transat reiterates its confidence in the transaction with Air Canada, which is currently undergoing a public interest assessment by the federal government\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n.prntar{\nTEXT-ALIGN: RIGHT\n}\n\n\n\n\n\n\n\nCanada NewsWire\nMONTREAL, March 27, 2020\n\n\n\n\"We must look at the Competition Bureau report with a bit of perspective, and not draw any direct conclusions from it with regard to the final decision.\"\n– Jean-Marc Eustache\n MONTREAL, March 27, 2020 /CNW Telbec/ - Transat A.T. Inc. has taken note of the Competition Bureau's advisory report, made public today. This report does not affect the company's confidence in the transaction with Air Canada, which will produce many long-term benefits for all stakeholders.\nWith the transaction now the subject of a public interest assessment being conducted by Transport Canada, the report of the Commissioner of Competition will be one of the elements of a broader analysis that will include stakeholders' proposals for fostering competition, the findings of the public consultations, and an analysis of the transaction's positive impacts on travellers, employment, tourism and the international positioning of Canadian businesses. The Transport Canada assessment will be submitted to Honourable Marc Garneau, Transport Minister, in early May. \n\"We must look at the Competition Bureau report with a bit of perspective, and not draw any direct conclusions from it with regard to the final decision,\" says Transat President and Chief Executive Officer Jean-Marc Eustache. \"The Commissioner's role is limited to studying the impacts on competition in the marketplace; in other words, identifying potential difficulties, without necessarily contemplating what solutions or mitigation measures might be implemented, and without taking the public interest more broadly into account. Transport Canada's assessment will provide a more comprehensive overview of the nuts and bolts of the transaction and of all the benefits for t...