Category Archives: Air Canada

Air Canada to launch Dreamliner service from Ottawa to London-Heathrow

Air Canada announced today it will upgrade its nonstop flights from Ottawa to LondonHeathrow to operate the daily service with its state-of-the-art Boeing 787 Dreamliner. Beginning next spring, customers travelling between Ottawa and LondonHeathrow will have the option to fly in Air Canada’s Signature cabin, featuring fully lie-flat suites, as well as the added choice of a Premium Economy cabin.

The 255-seat Boeing 787-8, configured in three cabins of service, will be dedicated year-round to the route beginning March 29, 2020. It will replace a 211-seat Boeing 767-300ER with two cabins of service.

Also today, Air Canada announced it is suspending its summer seasonal, OttawaFrankfurt service. The last flight on this route will be operated on October 24, 2019. Customers travelling to Europe from Ottawa next summer will have an additional option to fly to Frankfurt on a new seasonal service provided by our Star Alliance partner Lufthansa, which will begin operating on May 16th, 2020 and end on October 24, 2020.

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Air Canada to launch flights from Toronto to Brussels

Air Canada Boeing 787-8 Dreamliner C-GHPQ (msn 35257) ZRH (Andi Hiltl). Image: 947454.

Air Canada announced today the introduction of new, year-round services between Toronto and Brussels starting May 1, 2020. Up to five weekly nonstop flights will be operated with Air Canada’s Boeing 787-8 Dreamliner, featuring Signature Class, Premium Economy and Economy services.

La Grand Place in Brussels. (CNW Group/Air Canada)

 

Flight

From

To

Departs

Arrives

Days of Operation

AC886

Toronto (YYZ)

Brussels

(BRU)

18:30

07:45 +1 day

Wed, Thu, Fri, Sat, Sun

AC887

Brussels

(BRU)

Toronto

(YYZ)

10:45

12:45

Mon,Thu, Fri, Sat, Sun

 

Flights are timed to connect conveniently with Air Canada’s and Brussels Airlines’ respective networks at Toronto and Brussels.

Top Copyright Photo: Air Canada Boeing 787-8 Dreamliner C-GHPQ (msn 35257) ZRH (Andi Hiltl). Image: 947454.

Air Canada aircraft slide show (current livery):

Air Canada aircraft photo gallery:

Air Canada to launch year-round Montreal-Toulouse service

Air Canada has announced the introduction of year-round service between Montreal and Toulouse starting June 4, 2020. The five-times weekly flights will provide the only year-round service between the two cities and be operated with Air Canada’s Airbus A330-300 fleet.

The five-times weekly flights will provide the only year-round service between the two cities and be operated with Air Canada’s Airbus A330-300 fleet, featuring Signature Class, Premium Economy and Economy cabins. (CNW Group/Air Canada)

Air Canada’s Montreal-Toulouse flights begin June 4, 2020 and will be operated with a 292-seat, Airbus A330-300.

Flight

From

To

Departs

Arrives

Days of Operation

AC826

Montreal (YUL)

Toulouse (TLS)

19:15

08:15 +1 day

Tue, Thu, Fri, Sat, Sun

AC827

Toulouse (TLS)

Montreal (YUL)

10:00

12:00

Mon, Wed, Fri, Sat, Sun

Air Canada aircraft photo gallery (current livery):

Transat shareholders approve the takeover by Air Canada

Air Transat Airbus A321-271NX WL C-GOIF (msn 8876) BOD (Ton Jochems). Image: 947385.

Air Canada made this announcement:

Air Canada is pleased by the announcement, earlier today, by Transat A.T. Inc. (“Transat”) of the approval, by a majority of nearly 95% of its shareholders, of its Arrangement Agreement with Air Canada under which Air Canada will acquire all its issued and outstanding shares.

“We are pleased with the outcome of Transat’s special meeting and grateful to Transat shareholders for this overwhelming show of support,” said Calin Rovinescu, President and Chief Executive Officer of Air Canada. “We will build a combined company greater than the sum of its parts that we can all be proud of.  We now look forward to engaging with Transport Canada and the Competition Bureau to secure the required approvals to complete the transaction and welcome the opportunity to demonstrate the many benefits it will bring.”

“This is the best possible outcome for all stakeholders,” added Mr. Rovinescu. “For shareholders of Transat and Air Canada, the combination delivers excellent value, while also providing increased job security for both companies’ employees through greater growth prospects. Air Canada plans to preserve the Transat and Air Transat brands and maintain the Transat head office and its key functions in Montreal. Travellers will benefit from the combined companies’ enhanced capabilities in the highly competitive, global leisure travel market and from access to new destinations, more connecting traffic and increased frequencies. Customers and the Quebec economy will derive maximum advantage of having a Montreal-based, growth-oriented global champion in aviation, the world’s most international business, spurring more employment and securing Montreal’s position as a leader among world aviation centres.”

Plan of Arrangement

The acquisition will proceed by way of a court-approved plan of arrangement pursuant to the Canada Business Corporations Act. The transaction remains subject to court and regulatory approvals and the other closing conditions set out in the Arrangement Agreement. If such approvals are obtained and conditions are met, the transaction is expected to be completed in early 2020. Further details regarding the transaction are provided in Transat’s management proxy circular for the special meeting of shareholders and in the Arrangement Agreement and the Amending Agreement entered into between Air Canada and Transat.

Note: If the acquisition is approved, Air Transat is expected to continue to operate as a separate brand.

Top Copyright Photo: Air Transat Airbus A321-271NX WL C-GOIF (msn 8876) BOD (Ton Jochems). Image: 947385.

Air Transat aircraft slide show:

Transat reiterates its support for the arrangement with Air Canada

Transat A.T. Inc., the parent of Air Transat, has made this announcement:

Transat A.T. Inc.  confirms that it has taken note of Pierre Karl Péladeau’s press release dated August 19, 2019 regarding his recommendation to shareholders with respect to the arrangement with Air Canada. Transat notes that pursuant to this press release, no offer to acquire Transat has been made by Mr. Péladeau or any of his business associates.

Absence of an alternative offer

The arrangement with Air Canada is the result of a rigorous and diligent process by Transat’s board of directors supported by financial and legal advisors over a period of more than 6 months. Transat has never received any offer from Mr. Péladeau or any of his business associates to acquire Transat, and this, despite the April 30, 2019 announcement to the effect that Transat was in preliminary discussions with more than one party interested in acquiring it. Since the execution of the arrangement agreement with Air Canada on June 27, 2019, Mr. Péladeau or any other interested party could have made an offer to Transat, in the manner specifically provided for in the arrangement agreement. The process contemplated permits the offeror under any qualifying offer to undertake the necessary due diligence. Transat has not received any such offer to date.

Essentially, as no other offer has been received, our Shareholders have the choice between on the one hand, receiving $18 in all-cash consideration for each Transat share they hold, or on the other hand, bearing the risks associated with the implementation of Transat’s strategic plan. There is currently no concrete alternative transaction on the table.

The Arrangement with Air Canada benefits all our stakeholders, notably (i) our travellers, by enhancing route offerings, frequencies, connection times and leisure travel options, (ii) our communities, by maintaining the Transat head office and its key functions in Montréal and by introducing additional regional and U.S. networks allowing for Montreal to become a leading global hub, and (iii) our employees, by providing better job security and additional development opportunities through greater growth prospects.

In view of the above and for the reasons described in Transat’s Management Proxy Circular dated July 19, 2019, Transat’s Board and the special committee of the Board, supported by its legal and financial advisors, continue to unanimously reiterate that the Arrangement with Air Canada is in the best interest of Transat and its stakeholders and is fair to its shareholders, and unanimously recommend that Transat shareholders:

Vote FOR the special resolution approving the plan of arrangement with Air Canada

Air Canada announces the first two routes for the new Airbus A220-300

Air Canada has announced the first two new routes to be operated with the Airbus A220-300, the only nonstop service between Montreal and Seattle and between Toronto and San Jose, California, both beginning in spring 2020. As well, the carrier also provided a first look at the interior features of its newest aircraft, which will offer customers a choice of Business and Economy Class service, its newest in-flight entertainment system, onboard Wi-Fi and more.

 

MontrealSeattle

Air Canada will begin the only daily year-round flights to Seattle from Montreal on May 4, 2020, complementing existing services to Seattle from Toronto and Vancouver.

Flights are timed to provide connectivity in Montreal to and from Europe and North Africa including Casablanca, Paris, Nice, Lyon, Algiers, London, Frankfurt, Geneva, Rome, Dublin and more.

 

Flight

Departs

Arrives

Days of Week

AC 565

Montreal 17:55

Seattle 20:45

Daily

AC 564

Seattle 08:35

Montreal 16:34

Daily

TorontoSan Jose

The only year-round, daily service to San Jose from Toronto starts May 4, 2020, complementing existing services from Vancouver to San Jose.

Flights are timed so customers can connect through Toronto on Air Canada’s wide-ranging domestic network, allowing easy connections to another Silicon Valley city.

 

Flight

Departs

Arrives

Days of Week

AC 765

Toronto 08:55

San Jose 11:28

Daily

AC 766

San Jose 12:15

Toronto 20:10

Daily

About the Air Canada A220-300

Air Canada’s first Airbus A220-300, built at Airbus Canada’s Mirabel facility employing 2,500 people, is scheduled to be delivered later this year. Each A220 includes parts from 30 Canadian suppliers.

Air Canada will be the first North American carrier to operate the larger A220-300 version of the aircraft, which has a range of 3,200 nautical miles.

To be initially deployed from Montreal and Toronto on existing Canadian and transborder routes such as to Ottawa, Winnipeg, Calgary, Edmonton and New York – La Guardia, the A220-300 will open new markets such as the MontrealSeattle and TorontoSan Jose flights announced today.

The two-class cabin will have a total of 137 seats: 12 in a 2×2 configuration in Business Class and 125 in a 3×2 layout for Economy passengers. Customers will have more personal space thanks to the widest economy seats in the fleet, and the largest overhead stowage bins for an aircraft this size.

Additional features include larger windows and full-colour LED ambient and customizable mood lighting that contribute to reducing fatigue while travelling. The high ceilings, extra shoulder room and storage make this an unparalleled interior in the narrow-body segment.

Every seat on the A220 features a Panasonic eX1 in-flight entertainment system with content available in 15 languages and featuring more than 1,000 hours of high-quality entertainment, including access to Bell Media’s premium entertainment service, Crave, and Canadian-based multi-platform audio service, Stingray.

The A220 will come equipped with satellite based high speed connectivity for Wi-Fi access with USB A, USB C, and AC power available to every passenger.

The A220 will also further Air Canada’s environmental commitment, with the innovative Pratt & Whitney PurePower PW1500G geared turbofan engines projected to yield a 20 per cent reduction in fuel consumption per seat and NOx emissions 50 per cent below CAEP/6 standards. The A220 is also the quietest aircraft in its category thanks to its new technologies.

Air Canada route map:

Air Canada raises the purchase price for Air Transat

Air Canada and Transat A.T. Inc. has made this joint announcement:

  • Air Canada to increase its purchase price from $13 to $18 per share, representing an aggregate purchase price of approximately $720 million
  • Letko Brosseau, Transat’s largest shareholder holding approximately 19.3% of outstanding shares, has entered into a lock-up and support agreement, confirming its support for the Air Canada acquisition

Air Canada and Transat A.T. Inc. have announced that Air Canada has agreed to increase the purchase price for the acquisition of all issued and outstanding shares of Transat, from $13 to $18 per share and have amended the Arrangement Agreement dated June 27, 2019 accordingly. Based on the increased consideration, the value of the all-cash transaction is approximately $720 million .

Air Canada has also entered into a lock-up and support agreement with Transat’s largest shareholder, Letko Brosseau & Associates Inc., who beneficially owns or has control or direction over 7,277,104 Class B voting shares or approximately 19.3% of all issued and outstanding shares of Transat. Under the terms of its Lock-up and Support Agreement, Letko Brosseau has agreed to support and vote all of the Class B voting shares of Transat it controls at the Special Meeting of Shareholders of Transat on August 23, 2019 or at any adjournment or postponement thereof, in favour of Air Canada’s acquisition of Transat.

Amendments to the Arrangement Agreement between Air Canada and Transat were unanimously approved by the Board of Directors of Transat and its Special Committee, and are included in an Amending Agreement that provides for the following:

  • an increase in the price payable by Air Canada from $13 to $18 per share, for 100% of all issued and outstanding Class A and Class B shares of Transat
  • an increase in the break fee payable by Transat from $15 million to $40 million in case of termination of the agreement in certain circumstances, including upon acceptance of a Superior Proposal that is not matched by Air Canada
  • a change to the definition of Superior Proposal under the Arrangement Agreement, from a third-party unsolicited bona fide written acquisition proposal, made at a firm price per share equal to or exceeding $14 to one that must be equal to or exceed $19 in cash

The terms and conditions of the Arrangement Agreement otherwise remain unchanged.