June 2，According to Flight International Report，Air Canada is considering withdrawing from its acquisition of Transat AT Airlines，To maintain its liquidity while dealing with the coronavirus crisis。Cash loss due to the epidemic，The company has raised 15% through the issuance of stocks and bonds.CAD$900 million in funding。The company stated，16 per share.Sold 35.4 million voting shares at C$25，Raise funds 5.CAD$75.6 billion。

Air Transat is Canada’s third largest airline，After Air Canada and Calgary-based WestJet。

Last August，Transat shareholders vote overwhelmingly in favor of Air Canada 7.CAD$200 million (5.US$1.3 billion) to acquire the company。This is equivalent to C$18 per share。Both entities have stated，They expect the transaction to close in the second quarter of 2020，But as time goes by，This possibility is getting smaller and smaller。June 2，Transat’s share price is only 6 per share.CAD$40，This deal seems to be seriously overvalued。

But，This deal has been under intense scrutiny for months。March this year，The Canadian Government’s Competition Bureau has “competition concerns” about the planned acquisition，It was said at the time that this could be detrimental to Canadian travelers heading to Europe。This merger 188bet Online Sports Betting and Casino will also face stricter scrutiny in Europe，The European Commission said last week，It will launch an in-depth investigation into the proposed acquisition，This will take up to 90 days。