The European Commission is launching an in-depth investigation into Air Canada’s deal to buy travel company Transat as part of concerns the deal may reduce competition and result in higher prices, with the Canadian tour company delaying the deal as a result. An EC preliminary investigation said Air Canada and Transat have been competing head-to-head for passengers, and the commission is worried the proposed deal could significantly reduce competition on 33 origin and destination city pairs between Europe and Canada. The commission said it would make a decision on whether to approve the deal on September 30. In a release Transat
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