Corrects spelling of "Canadian" in headline
Corrects spelling of “Canadian” in headline
March 27 (Reuters) – The Canadian Competitors Bureau mentioned on Friday that the proposed sale of tour operator Transat A.T. Inc TRZ.TO to Air Canada AC.TO would probably lead to a considerable lessening or prevention of competitors within the sale of air journey or trip packages to Canadians.
Eliminating the rivalry between Air Canada and Transat with the proposed C$720 million ($514.76 million) sale would lead to elevated costs, much less alternative, decreases in service and a major discount in journey on routes the place their current networks overlap, the regulator mentioned.
($1 = 1.3987 Canadian {dollars})
(Reporting by Nishara Karuvalli Pathikkal in Bengaluru; Modifying by Ramakrishnan M.)
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