Acquisition talks between Canadian leisure-travel company Transat and businessman Pierre Karl Peladeau have officially ended, leaving Transat to explore financing options as its airline Air Transat works to restart operations on July 30.

Canada’s airlines have faced tight international travel restrictions and a fair number of interprovincial travel constraints since the onset of the pandemic.

When it comes to lifting Canada’s tight travel restrictions, any news is good news, even if a certain level of opaqueness surrounds movement in a positive direction.