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Canada approves Air Canada purchase of Transat, with conditions

OTTAWA, Feb 11 (Reuters) - Canada has approved Air Canada’s purchase of troubled rival Transat At Inc, subject to a number of conditions, Transport Minister Omar Alghabra said on Thursday.

The deal still needs approval from European regulators. In a statement, Alghabra said the COVID-19 pandemic was a key factor in the decision, given that Air Transat had already made clear a slump in travel was hitting its finances.

Reporting by David Ljunggren; Editing by Leslie Adler

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