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Air Canada and Transat terminate planned deal

April 2 (Reuters) - Air Canada and Transat AT Inc said on Friday they have mutually agreed to terminate the proposed acquisition of Transat by Air Canada.

The two companies had agreed in June 2019 on the acquisition, the terms of which were subsequently amended in August 2019 and then revised in October 2020 as a result of the severe economic impact of the COVID-19 pandemic.

Reporting by Arunima Kumar in Bengaluru Editing by Matthew Lewis

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