WestJet CEO 'deeply disappointed' by approval of Air Canada/Air Transat acquisition

WestJet president and CEO Ed Sims stated (12-Feb-2021) he is "deeply disappointed" by a decision by Canada's Government to approve Air Canada's proposed acquisition of Air Transat. Mr Sims said the acquisition could lead to higher prices and service reductions. Following the acquisition, Air Canada would hold a combined 94% share of Canadian carrier capacity to Europe and around a share of around 70% on routes from Toronto to London, Paris and Rome. [more - original PR]