Air Canada agrees to still take over Air Transat, but for much lower price



a large passenger jet flying through a blue sky: Air Canada will go ahead with its plan to buy up rival Air Transat, despite the drastic reduction in demand for air travel right now.


© Marcus Schmal/Shutterstock, Pascal Pavani/AFP/Getty Images
Air Canada will go ahead with its plan to buy up rival Air Transat, despite the drastic reduction in demand for air travel right now.

Air Canada says it will go ahead with its plan to buy smaller rival Air Transat, but it will pay more than 70 per cent less than it first agreed to.

The two companies said in a release over

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EU agrees common ‘traffic light’ system for coronavirus travel

FILE PHOTO: A health worker takes a swab sample from a man to test for the coronavirus disease (COVID-19), at the Fiumicino Airport in Rome, Italy, September 23, 2020. REUTERS/Remo Casilli/File Photo

BRUSSELS (Reuters) – European Union countries agreed on Friday to a common “traffic light” system to guide them on COVID-19 testing or quarantines on EU tourists and other non-essential travellers during the pandemic.

It aims to end a

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Oxnard agrees with state commission on short-term rentals

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The Oxnard City Council approved a short-term rental ordinance on Tuesday after the California Coastal Commission made modifications to the proposed regulations. (Photo: Joseph A. Garcia)

For about the length of a presidential term, the city of Oxnard has been considering and fine tuning an ordinance to regulate the popular use of residential units as vacation rentals.

On Tuesday, the City Council unanimously agreed to a short-term rental ordinance

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CDB Aviation Agrees to Lease Additional Six A321neos to Wizz Air

DUBLIN–(BUSINESS WIRE)–Oct 6, 2020–

CDB Aviation, a wholly owned Irish subsidiary of China Development Bank Financial Leasing Co., Limited (“CDB Leasing”), announced today an extension of the company’s relationship with Wizz Air Holdings Plc (“Wizz Air;” WIZZ.L) with an additional sale and leaseback transaction for a batch of six Airbus A321neo aircraft.

Wizz Air is expected to receive four A321neos in the fourth quarter of 2021, with the remaining two

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TUI holiday refunds coronavirus update – Travel agent agrees to refund cancelled package holidays by end of the month

One of the UK’s biggest package holiday operators, TUI, has agreed to pay out all refunds to customers whose trips were cancelled due to coronavirus.

TUI vowed to make the payments by the end of this month after the Competition and Markets Authority (CMA) revealed it had received thousands of complaints from passengers claiming travel firms were withholding their cash.

The competition watchdog pointed out that consumer protection law requires

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