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12.02.2021 / 17:20

As Transat deal comes through, Air Canada posts ‘bleak’ financial results

Chief executive Calin Rovinescu says the 2020 financial year was the bleakest in the history of commercial aviation, as the number of passengers declined 73 per cent following several years of record growth for Air Canada.Transport Minister Omar Alghabra said last night that the proposed purchase of Transat A.T. by Air Canada will bring greater stability to Canada’s air transport market amid devastating impact of the COVID-19 pandemic on the industry.Rovinescu, who will retire on Feb.

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