Air Transat

First Canadian offtake agreement - Air Transat and SAF+ announce a major offtake agreement

Retrieved on: 
Tuesday, November 2, 2021
Safety, SAF, Technology, Travel, Air Transat, CO2, Carbon footprint, Transat, Skytrax, Risk, Time, Climate change, Kerosene, CEO, Environment, Solution, Aviation, World Fuel Services, Airline, Jet fuel

MONTREAL, Nov. 2, 2021 /CNW/ - Air Transat A.T. Inc. ("Air Transat") and SAF+ Consortium ("SAF+") are proud to announce an offtake agreement for 90% of the sustainable e-fuel produced by SAF+ in its first plant over the first 15 years of operation.

Key Points: 
  • MONTREAL, Nov. 2, 2021 /CNW/ - Air Transat A.T. Inc. ("Air Transat") and SAF+ Consortium ("SAF+") are proud to announce an offtake agreement for 90% of the sustainable e-fuel produced by SAF+ in its first plant over the first 15 years of operation.
  • The signing of this first offtake agreement for a long-term supply of e-fuel in North America is a commitment that every clean technology developer is eager to obtain.
  • Mr. Paquin continued: "Air Transat has always believed in our technological approach and supported us in our journey.
  • Air Transat is a business unit of Transat A.T. Inc., a world-renowned holiday travel provider that has achieved Travelife certification in 2018 in recognition of its sustainability commitments.

Transat announces the appointment of Patrick Bui as Chief Financial Officer

Retrieved on: 
Thursday, October 7, 2021
Company, RBC Capital Markets, INSEAD, BBA, Air Transat, MBA, CFA, Safety, Industry, CFO, Financial management, TSX, Kruger Inc., Transat, Policy, Morgan Stanley, Skytrax, Travel, Environment, Management, Airline

MONTREAL, Oct. 7, 2021 /CNW Telbec/ - Transat A.T. Inc. ("Transat" or the"Company") is pleased to announce the appointment of Patrick Bui as Chief Financial Officer.

Key Points: 
  • MONTREAL, Oct. 7, 2021 /CNW Telbec/ - Transat A.T. Inc. ("Transat" or the"Company") is pleased to announce the appointment of Patrick Bui as Chief Financial Officer.
  • Mr. Bui served most recently as Chief Financial Officer for Kruger Energy, a renewable-energy producer with operations throughout the Americas.
  • Previously, he worked as an investment banker and advisor on financial and growth strategies and mergers and acquisitions, notably at RBC Capital Markets and Morgan Stanley.
  • "I am very pleased to welcome Patrick to the Transat team," said Annick Gurard, President and Chief Executive Officer of Transat.

Transat announces the appointment of Patrick Bui as Chief Financial Officer

Retrieved on: 
Thursday, October 7, 2021
Company, RBC Capital Markets, INSEAD, BBA, Air Transat, MBA, CFA, Safety, Industry, CFO, Financial management, TSX, Kruger Inc., Transat, Policy, Morgan Stanley, Skytrax, Travel, Environment, Management, Airline

MONTREAL, Oct. 7, 2021 /CNW Telbec/ - Transat A.T. Inc. ("Transat" or the"Company") is pleased to announce the appointment of Patrick Bui as Chief Financial Officer.

Key Points: 
  • MONTREAL, Oct. 7, 2021 /CNW Telbec/ - Transat A.T. Inc. ("Transat" or the"Company") is pleased to announce the appointment of Patrick Bui as Chief Financial Officer.
  • Mr. Bui served most recently as Chief Financial Officer for Kruger Energy, a renewable-energy producer with operations throughout the Americas.
  • Previously, he worked as an investment banker and advisor on financial and growth strategies and mergers and acquisitions, notably at RBC Capital Markets and Morgan Stanley.
  • "I am very pleased to welcome Patrick to the Transat team," said Annick Gurard, President and Chief Executive Officer of Transat.

Air Transat resumes flights today

Retrieved on: 
Friday, July 30, 2021
Airlines, Low-cost carriers, Air Transat, National Airports System, Aviation, Transat, Montreal, Vancouver International Airport, Saint-Laurent, Quebec

MONTREAL, July 30, 2021 /CNW Telbec/ -Air Transat is pleased to operate its first commercial flights today after six months of inactivity due to COVID-19 travel restrictions.

Key Points: 
  • MONTREAL, July 30, 2021 /CNW Telbec/ -Air Transat is pleased to operate its first commercial flights today after six months of inactivity due to COVID-19 travel restrictions.
  • To meet the sustained demand from travellers wishing to uncover more of their Canada this summer, Air Transat offers an extensive program of domestic flights between Calgary, Montreal, Quebec City, Toronto and Vancouver.
  • Air Transat is a leading leisure travel brand established nearly 35 years ago that offers domestic and connecting flights within Canada as well as international flights to destinations of choice in the Americas and Europe.
  • Air Transat is a business unit of Transat A.T. Inc., an integrated international tourism company headquartered in Montreal that was awarded Travelife certification in 2018 in recognition of its sustainability commitments.

Transat announces the departure of its Chief Financial Officer, Denis Pétrin

Retrieved on: 
Wednesday, June 23, 2021
Air Transat, Transat A.T., Transat, Chicago and North Western Transportation Company, Airlines, Companies of Canada, Aviation

MONTRAL, June 23, 2021 /CNW Telbec/ -Transat A.T. Inc. ("Transat" or the "Corporation") announces today that Denis Ptrin, Vice President, Finance and Administration and Chief Financial Officer, will be leaving the company on July 9.

Key Points: 
  • MONTRAL, June 23, 2021 /CNW Telbec/ -Transat A.T. Inc. ("Transat" or the "Corporation") announces today that Denis Ptrin, Vice President, Finance and Administration and Chief Financial Officer, will be leaving the company on July 9.
  • Mr.Ptrin joined Transat in 1990 and has served as Chief Financial Officer since 2009.
  • "I am grateful for my years with Transat and the opportunity I had to work in such a strong and engaging company.
  • I know it now has the means to build a bright future and I look forward to witnessing its future success," added Denis Ptrin.

Transat, majority shareholder of TraficTours Canada Inc. since 2007, acquires the remaining 30% of the incoming tour operator

Retrieved on: 
Tuesday, June 1, 2021
Transat, Airlines, Low-cost carriers, Air Transat, Aviation

The minority shareholder had the option to require Transat to purchase the minority interest since 2019.

Key Points: 
  • The minority shareholder had the option to require Transat to purchase the minority interest since 2019.
  • The manager of TraficTours and its subsidiaries remains in place to ensure the operations run regularly.
  • TraficTours offers excursions and other services to vacationers in Mexico, the Dominican Republic and Jamaica.
  • By becoming sole shareholder, Transat is strengthening its inbound services in three of these key markets.

Transat provides status update regarding its discussions with Pierre Karl Péladeau for the acquisition of Transat

Retrieved on: 
Friday, May 14, 2021
Air Transat, Transat, Airlines, Aviation

These statements are based on certain assumptions deemed reasonable by Transat, but are subject to certain risks and uncertainties, several of which are outside the control of Transat, which may cause results to vary materially.

Key Points: 
  • These statements are based on certain assumptions deemed reasonable by Transat, but are subject to certain risks and uncertainties, several of which are outside the control of Transat, which may cause results to vary materially.
  • Moreover, the statements regarding the benefits of the contemplated transaction will be subject to the plans of the acquirer following the transaction.
  • Under the Transat and Air Transat banners, the Corporation offers vacation packages, hotel stays and air travel to some 60 destinations in over 25 countries in the Americas and Europe.
  • Transat is firmly committed to sustainable tourism development, as reflected in its multiple corporate responsibility initiatives over the past 14 years and obtained Travelife certification in 2018.

Air Canada and Transat A.T. Inc. Agree to Terminate Arrangement Agreement

Retrieved on: 
Friday, April 2, 2021
Airlines, Aviation, Air Transat, Transat, Air Canada, Low-cost carriers

MONTREAL, April 2, 2021 /CNW Telbec/ -Air Canada and Transat A.T. Inc. ("Transat") announced today that they have mutually agreed to terminate the Arrangement Agreement for the proposed acquisition of Transat by Air Canada.

Key Points: 
  • MONTREAL, April 2, 2021 /CNW Telbec/ -Air Canada and Transat A.T. Inc. ("Transat") announced today that they have mutually agreed to terminate the Arrangement Agreement for the proposed acquisition of Transat by Air Canada.
  • Both Air Canada and Transat have agreed to terminatethe Arrangement Agreement withAir Canada paying Transat a terminationfee of $12.5 million, and with Transat no longer underany obligation to pay Air Canada anyfee should Transat be involvedin another acquisition or similar transaction inthe future.
  • In January 2021, Air Canada received APEX's Diamond Status Certification for the Air Canada CleanCare+ biosafety program for managing COVID-19, the only airline in Canada to attain the highest APEX ranking.
  • For more information, please visit: aircanada.com/media , follow Air Canada on Twitter and LinkedIn , and join Air Canada on Facebook .

Air Canada Reports 2020 Annual Results

Retrieved on: 
Friday, February 12, 2021
Airlines, Aviation, Air Canada, Saint-Laurent, Quebec, Star Alliance, Aeroplan, Transat, System for Electronic Document Analysis and Retrieval, Canada, Transat A.T., Air Transat

To underscore its commitment to customer and employee safety, Air Canada introduced Air Canada CleanCare+.

Key Points: 
  • To underscore its commitment to customer and employee safety, Air Canada introduced Air Canada CleanCare+.
  • Air Canada's unencumbered asset pool (excluding the value of Aeroplan, Air Canada Vacations and Air Canada Cargo) amounted to approximately $1.7 billion at December 31, 2020.
  • The acquisition agreement provides for the acquisition by Air Canada of all the shares of Transat for $5.00 per share, payable at the option of Transat shareholders in cash or shares of Air Canada at a fixed exchange ratio of 0.2862 Air Canada share for each Transat share (representing a price for the Air Canada shares of $17.47).
  • For further information on Air Canada's public disclosure file, including Air Canada's Annual Information Form dated March 30, 2020, consult SEDAR at www.sedar.com .

Air Transat: concerns and questions about the lack of a recovery plan

Retrieved on: 
Wednesday, January 27, 2021
Airlines, Aviation, Low-cost carriers, Air Transat, Air Canada, Transat, Sunwing Airlines, Levasseur, Canadian Union of Public Employees

"We understand that health measures have had a devastating effect on air traffic, and we can't understand why Canada is the only developed country without a rescue plan for air carriers.

Key Points: 
  • "We understand that health measures have had a devastating effect on air traffic, and we can't understand why Canada is the only developed country without a rescue plan for air carriers.
  • We have been waiting for a recovery program since mid-March 2020, almost one year ago!"
  • The recovery of this key industry will have a sweeping effect on our economic recovery as a whole," Levasseur pointed out.
  • With close to 122,000 members in Quebec, CUPE represents some 1980 members in the airline transportation industry, including cabin crew personnel with Air Canada, Air Transat and Sunwing.