Air Canada signed an agreement May 16 to acquire Montreal-based Air Transat, which would accelerate the Canadian flag carrier’s push into leisure destinations and add to already dominant positions in several markets, notably its home turf and Europe. The deal would also cut off a potential target for competitor WestJet. The agreement, announced May 16, gives the two airlines 30 days to finalize a deal that would see them combine. Air Canada would purchase Air Transat for C$13/share ...

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