The news comes after the IATA called last month for an end to in-flight physical distancing rules, proposing a range of more economical measures.
The flag carrier had originally announced plans to acquire Air Transat, the country's third largest airline, in May 2019. An offer was subsequently made at C$13 per share, or an all-cash bid of C$520 million.
Ethiopian Airlines, the largest airline in Africa, has stated it is ready to rescue other airlines within the continent including the failing South African Airways. This comes despite Ethiopian having its own difficulties due to the COVID-19 pandemic. Chief executive Tewolde GebreMariam has also stated he wants to rescue Air Mauritius, which has gone into
Air Canada CEO Calin Rovinescu has dramatically announced the world is living through “the darkest period ever in commercial aviation”.