Air Transat

Air Canada and Transat A.T. Inc. Conclude Definitive Arrangement Agreement for Combination of the Two Companies

Retrieved on: 
Thursday, June 27, 2019
Airlines, Low-cost carriers, Air Transat, Transat A.T., Transat, Air Canada Rouge, Montreal, Air Canada

Air Transat and Transat brands to be maintained to complement the Air Canada, Air Canada Rouge and Air Canada Vacationsbrands.

Key Points: 
  • Air Transat and Transat brands to be maintained to complement the Air Canada, Air Canada Rouge and Air Canada Vacationsbrands.
  • MONTREAL, June 27, 2019 /CNW/ - Air Canada and Transat A.T. Inc. announced today that they have concluded a definitive Arrangement Agreement that provides for Air Canada's acquisition of all issued and outstanding shares of Transat and its combination with Air Canada.
  • Air Canada intends to preserve the Transat and Air Transat brands and maintain the Transat head office and its key functions in Montreal.
  • Following an approach from Air Canada in the Fall of 2018, Transat and Air Canada commenced discussions in late 2018 to explore a possible combination.

Merger of Air Canada and Transat: CUPE will hold the new employer accountable

Retrieved on: 
Thursday, May 16, 2019
Airlines, Aviation, Canadian Labour Congress, Low-cost carriers, Canadian Union of Public Employees, International Transport Workers' Federation, Public Services International, Mark Hancock, Air Transat, Air Canada, Flight attendant, Transat

OTTAWA, May 16, 2019 /CNW/ -The union representing Air Canada's and Air Transat's flight attendants will hold the new employer accountable for promises made to employees if a merger agreement is finalized.

Key Points: 
  • OTTAWA, May 16, 2019 /CNW/ -The union representing Air Canada's and Air Transat's flight attendants will hold the new employer accountable for promises made to employees if a merger agreement is finalized.
  • "Air Canada President and Chief Executive, Colin Rovinescu said that employees of both companies will benefit from increased job security and growth prospects," said the president of the Air Canada Component of CUPE, Wesley Lesosky.
  • We will use all our collective power to defend the interests of our members at Air Canada and Air Transat," said CUPE National President Mark Hancock.
  • CUPE represents more than 9,000 flight attendants at Air Canada and Rouge and 2,000 flight attendants at Air Transat.

Air Canada enters into Exclusive Agreement with Transat A.T. Inc. to pursue a Combination of the two Companies

Retrieved on: 
Thursday, May 16, 2019
Airlines, Air Transat, Transat A.T., Transat, Montreal, Air Canada, Low-cost carriers

MONTREAL, May 16, 2019 /CNW Telbec/ -Air Canada announced today that it has entered into an exclusive agreement with Transat A.T. Inc. (Transat) regarding the proposed purchase by Air Canada of all issued and outstanding shares of Transat and its combination with Air Canada.

Key Points: 
  • MONTREAL, May 16, 2019 /CNW Telbec/ -Air Canada announced today that it has entered into an exclusive agreement with Transat A.T. Inc. (Transat) regarding the proposed purchase by Air Canada of all issued and outstanding shares of Transat and its combination with Air Canada.
  • Air Canada has all the necessary funding required to complete the transaction which is accordingly not subject to financing conditions.
  • "A combination with Transat represents a great opportunity for stakeholders of both companies.
  • Air Canada is a founding member of Star Alliance, the world's most comprehensive air transportation network serving 1,317 airports in 193 countries.

Transat AT Inc. announces execution of exclusivity agreement with Air Canada for the acquisition of Transat AT Inc.

Retrieved on: 
Thursday, May 16, 2019
Transat, Air Transat, Airlines, Low-cost carriers

"This announcement is good news for Transat", said Jean-Marc Eustache, President and Chief Executive Officer of Transat.

Key Points: 
  • "This announcement is good news for Transat", said Jean-Marc Eustache, President and Chief Executive Officer of Transat.
  • In particular, travellers and clients of Transat can continue to travel and book their vacation packages with Transat like before.
  • Moreover, the execution of a definitive agreement by Air Canada will be subject to the execution of support and voting agreements by certain large shareholders of Transat.
  • This press release contains certain forward-looking statements about Transat concerning a potential transaction involving the acquisition of all the shares of Transat.

Transat A.T. Inc. receives final court approval to increase permitted foreign ownership levels to the levels permitted under the Canada Transportation Act

Retrieved on: 
Wednesday, May 8, 2019
Airlines, Low-cost carriers, Air Transat, Transat

The Government of Canada's stated purpose in implementing the CTA amendments is to attract more foreign investment and encourage growth in the aviation sector by increasing, from 25% to 49%, the permitted level of foreign ownership of Canadian air carriers.

Key Points: 
  • The Government of Canada's stated purpose in implementing the CTA amendments is to attract more foreign investment and encourage growth in the aviation sector by increasing, from 25% to 49%, the permitted level of foreign ownership of Canadian air carriers.
  • Transat will file its amended articles and expects them to become effective on or about May 8, 2019.
  • Transat A.T. Inc. is a leading integrated international tourism company specializing in holiday travel.
  • It offers vacation packages, hotel stays and air travel under the Transat and Air Transat brands to some 60 destinations in more than 25 countries in the Americas and Europe.

AerCap Delivers First A321NEO-LR to Air Transat

Retrieved on: 
Tuesday, May 7, 2019
Transport, Air, Aviation, Aircraft, AerCap, Low-cost carriers, Airlines, Airbus A320neo family, Air Transat, Transat, Airbus A320 family

AerCap Holdings N.V. (AerCap) (NYSE: AER) has announced today that it has delivered the first Airbus A321LR on operating lease to Air Transat.

Key Points: 
  • AerCap Holdings N.V. (AerCap) (NYSE: AER) has announced today that it has delivered the first Airbus A321LR on operating lease to Air Transat.
  • AerCap is the world's largest Airbus A320neo Family lessor, with 270 aircraft owned and on order.
  • Aengus Kelly, Chief Executive Officer of AerCap, said, We are proud to deliver the first A321LR to our longstanding customer, Air Transat, and to play a significant role in the future growth of the airline.
  • We thank the team at Air Transat for the confidence they have placed in AerCap and we look forward to delivering the remaining aircraft over the course of the coming years.

Air Transat announces the departure of Jean-François Lemay

Retrieved on: 
Friday, November 9, 2018
Air Transat, Low-cost carriers, Transat A.T., Transat, Aviation, Economy of Canada, Canada

MONTREAL, Nov. 9, 2018 /CNW Telbec/ -Transat A.T. Inc. announced today that Jean-Franois Lemay, President and General Manager of its subsidiary Air Transat, will be leaving the airline in a few months' time, following more than seven years of dedicated service with the integrated international tourism company, the past five at the helm of Air Transat.

Key Points: 
  • MONTREAL, Nov. 9, 2018 /CNW Telbec/ -Transat A.T. Inc. announced today that Jean-Franois Lemay, President and General Manager of its subsidiary Air Transat, will be leaving the airline in a few months' time, following more than seven years of dedicated service with the integrated international tourism company, the past five at the helm of Air Transat.
  • Mr. Lemay will continue in his current role until the company identifies a successor.
  • Transat A.T. Inc. is a leading integrated international tourism company specializing in holiday travel.
  • It offers vacation packages, hotel stays and air travel under the Transat and Air Transat brands to some 60 destinations in 26 countries in the Americas, Europe and the Middle East.

First Air Announces New Senior Executives

Retrieved on: 
Monday, October 1, 2018
Aviation, Low-cost carriers, Economy of Canada, WestJet, Makivik Corporation, First Air, Alaska Airlines, Air Transat

The Board is pleased to announce that Chris Avery has been appointed as the new First Air President and Chief Executive Officer.

Key Points: 
  • The Board is pleased to announce that Chris Avery has been appointed as the new First Air President and Chief Executive Officer.
  • Mr. Avery joined First Air in 2017, and has taken on progressively more senior positions in his 25 years of aviation and travel industry experience, including senior management positions at WestJet, Alaska Airlines, Canadian Airlines International, and Transat Holidays.
  • Mr. Adams has served on the First Air board of directors for over ten years and since June 2017, has been the Chairman of the First Air Board of Directors.
  • First Air is 100% owned by Makivik Corporation, representing the Inuit beneficiaries of the James Bay and Northern Quebec Agreement.

IAM welcomes 60 Aircraft Engineers at Sunwing

Retrieved on: 
Monday, August 13, 2018
Low-cost carriers, Aviation, National Airports System, ONTARIO, Air Transat, Sunwing Airlines, IAM, Toronto Pearson International Airport, Orlando International Airport

TORONTO, Aug. 13, 2018 /CNW/ -Pearson Airport in Toronto keeps ringing with the sounds of victory as more workers are joining the IAM!

Key Points: 
  • TORONTO, Aug. 13, 2018 /CNW/ -Pearson Airport in Toronto keeps ringing with the sounds of victory as more workers are joining the IAM!
  • The IAM got a great victory at Pearson Airport with the Sunwing Aircraft Engineers and their supervisors.
  • This group was determined and motivated to join the IAM and nothing was going to stop them.
  • The IAM is the largest aviation union in Canada representing aircraft engineers from coast to coast with Air Canada, Field Aviation and Air Transat.

Changes to Air Transat's fleet - Carrier signs agreement to lease seven new Airbus A321neos

Retrieved on: 
Wednesday, June 27, 2018
Aviation, Aircraft, Low-cost carriers, Air Transat, Airbus A320neo family, Transat, AerCap, Long-range surveillance

MONTREAL, June 27, 2018 /CNW Telbec/ -Air Transat, wholly-owned business unit of Transat A.T. Inc., has signed an agreement with AerCap for the long-term lease of seven new Airbus aircraft: two A321neos and five A321neo LRs (long-range).

Key Points: 
  • MONTREAL, June 27, 2018 /CNW Telbec/ -Air Transat, wholly-owned business unit of Transat A.T. Inc., has signed an agreement with AerCap for the long-term lease of seven new Airbus aircraft: two A321neos and five A321neo LRs (long-range).
  • "We are continuing our fleet transformation in order to achieve greater efficiency and versatility," said Jean-Franois Lemay, President of Air Transat.
  • "With their smaller size, the A321neos will enable us to implement our air strategy, which involves increasing our flight frequencies, expanding our network and strengthening our position in several markets.
  • These aircraft will be added to the 10 new A321neo LRs, on lease from AerCap, announced in July 2017, which will gradually be introduced to Air Transat's fleet starting in spring 2019.