Category Archives: Air Transat

Air Transat unveils its 2020 summer schedule

Air Transat has unveiled its summer program for 2020, with more destinations offered from Montreal and Toronto.

The airline will operate 150 flights a week to 27 European cities and increase its offering to the South and the United States. Numerous domestic and connecting flights will also benefit Canadian travellers across the country. New summer destinations include Copenhagen, Denmark; Faro, Portugal; and San Diego and New Orleans in the United States.

“The arrival of our Airbus A321neoLRs marks the dawn of a new era for us,” says Annick Guérard, Chief Operating Officer of Transat. “Along with our wide-body fleet, these aircraft help us become more flexible by increasing the options to reach Europe from major Canadian airports. Travellers win big, with more holiday choices and increased frequencies.”

Given its success in 2019, TGV AIR will be back in the summer of 2020. In partnership with SNCF, France’s national rail service, Air Transat offers its clients a one-stop shop allowing them to combine a flight to Paris with rail travel from Paris-Charles de Gaulle airport. Travellers can thus access 18 French cities and Brussels, Belgium. “Our priority is to give tourists choices,” says Guérard. “Many of our customers took advantage of this service this year.”

European destinations

In the summer of 2020, Air Transat will operate 17 flights a week to Paris from Montreal, three more than in 2019, and will once again offer an exceptional offering to Bordeaux, Lyon, Marseille, Nantes, Toulouse and Basel-Mulhouse.

Most of these French destinations will also be available from Quebec City, Toronto, Calgary and Vancouver, thanks to connecting flights. In total, Air Transat will have direct flights to 20 European cities from Montreal. It will also fly to Paris from Toronto five times a week.

Air Transat will operate 24 flights a week to the United Kingdom from Toronto, five more than in 2019, including two daily flights to London in high season. The airline will have five flights to Manchester, England, and five to Glasgow, Scotland, each week. Most of these destinations will be available to travellers flying from Montreal, Calgary and Vancouver, thanks to connecting flights. In total, Air Transat will offer direct flights to 15 European cities from Toronto. It will also operate flights from Montreal to London five times a week.

From Vancouver, Air Transat will fly three times a week to Amsterdam (the Netherlands), Manchester and London. It will also offer 12 flights a week to Toronto and seven flights a week to Montreal, making the majority of its European destinations available to its West Coast customers, thanks to connecting flights.

The airline will operate four direct flights a week to Paris from Quebec City, one more than in 2019. It will also keep its flights from Quebec City to Montreal, thus offering Quebec City travellers access to 16 European cities.

With their unique blends of culture and sun, Greece, Italy, Spain, Portugal and Croatia continue to attract Canadian travellers. That’s why Air Transat will offer 58 flights a week to these Mediterranean destinations from Toronto and Montreal, including one flight to Faro for the first time in the summer of 2020.

Domestic and connecting flights

Air Transat keeps enhancing its domestic flight program for travellers looking for a connecting flight to Europe. From Vancouver, the airline will offer 12 flights a week to Toronto and a daily flight to Montreal. From Calgary, it will fly to Toronto and Montreal four times a week, respectively. In addition, there will be 14 flights a week between Toronto and Montreal, and four between Quebec City and Montreal.

Scheduled number of weekly flights, direct or connecting, in high season

  • Figures indicate the number of direct flights
  • Dots (-) indicate destinations involving a connecting flight

 

From

Montreal

From

Toronto

From

Vancouver

From

Calgary

From

Quebec

City

AMSTERDAM – The Netherlands

4

3

ATHENS – Greece

3

3

BASEL-MULHOUSE – Switzerland

2

BARCELONA – Spain

4

3

BRUSSELS – Belgium

3

BORDEAUX – France

4

COPENHAGEN – Denmark

2

DUBLIN – Ireland

5

FARO – Portugal

1

GLASGOW – Scotland

5

LAMEZIA – Italy

1

LISBON – Portugal

5

4

LONDON – England

5

14

3

LYON – France

5

MADRID – Spain

3

MALAGA – Spain

3

MANCHESTER – England

5

3

MARSEILLE – France

5

NANTES – France

4

NICE- France

2

PARIS – France

17

5

3

PORTO – Portugal

3

3

PRAGUE – Czech Republic

2

ROME – Italy

6

6

TOULOUSE – France

5

VENICE – Italy

3

2

ZAGREB – Croatia

3

 

South destinations

South destinations are very popular, even in summer. In 2020, Air Transat will offer 50 flights a week from Montreal to 16 destinations in Mexico, the Caribbean and the United States, including Fort Lauderdale and Orlando (Florida), San Diego (California) and New Orleans (Louisiana). There will be 30 flights a week from Toronto to 10 South destinations. Finally, Air Transat will offer flights to Punta Cana (Dominican Republic), Cancun (Mexico) and Fort Lauderdale from Quebec City.

Scheduled number of weekly direct flights to the South and the United States, in high season

From

Montreal

From

Toronto

From

Vancouver

From

Quebec

City

SOUTH

CANCUN – Mexico

5

6

1

CAYO COCO – Cuba

4

3

CAYO LARGO – Cuba

1

HOLGUIN – Cuba

2

2

LA ROMANA – Dominican Republic

MONTEGO BAY – Jamaica

2

2

PORT-AU-PRINCE – Haiti

2

PUERTO PLATA – Dominican Republic

2

1

PUERTO VALLARTA – Mexico

3

PUNTA CANA – Dominican Republic

7

5

1

ROATAN – Honduras

1

SAMANA – Dominican Republic

1

SANTA CLARA – Cuba

4

3

VARADERO – Cuba

5

4

UNITED STATES

FORT LAUDERDALE – Florida

5

2

1

NEW ORLEANS – Louisiana

2

ORLANDO – Florida

4

2

SAN DIEGO – California

3

Air Transat aircraft photo gallery:

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Air Transat to fly to San Diego

Air Transat will launch the only nonstop flight between Montreal and San Diego, California , in the summer of 2020.

In addition, in light of the great interest in New Orleans , a new destination Air Transat will be offering for the first time this winter, the airline will extend its flights to the summer of 2020.

Finally, more flights to Florida from Montreal and Quebec City will be added to the program.

Direct flights from Montreal to San Diego will be offered three times a week, on Mondays, Wednesdays and Sundays, from June 15 to October 28, 2020.

Starting in November, Air Transat will offer two flights a week from Montreal to New Orleans , on Thursdays and Sundays. To respond to the high demand for this destination, the airline will be extending its service to next summer.

 

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 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.

Air Canada acquires Transat, Air Transat to be merged into Air Canada

Air Transat Airbus A321-211 WL C-GTXV (msn 6526) YYZ (TMK Photography). Image: 946807.

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. Under the terms of the binding agreement, unanimously approved by the Board of Directors of Transat, Air Canada will acquire all outstanding shares of Transat for $13 per share. The value of the all-cash transaction is approximately $520 million.

Air Canada and Transat A.T. Inc. Conclude Definitive Arrangement Agreement for Combination of the Two Companies (CNW Group/Air Canada)

The transaction remains subject to regulatory and shareholder approvals and other closing conditions usual in this type of transaction. If such approvals are obtained and conditions are met, the transaction is expected to be completed in early 2020.

Unanimous approval of the Transat Board of Directors

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. Transat formed a Special Committee of independent directors to evaluate the proposal with the assistance of financial and legal advisors, consider, and if deemed advisable, undertake a process for the formal review of strategic alternatives, consider any alternative proposal, and make recommendations to the Board of Directors in the best interests of the Corporation and all its stakeholders. The Special Committee of the Board of Directors of Transat and its Board of Directors have since then met multiple times in connection with all expressions of interest received by Transat, including Air Canada’s proposal.

On April 30, 2019, the Corporation announced having received expressions of interest and being in preliminary discussions with more than one party concerning a potential transaction involving the acquisition of the Corporation.

On May 15, 2019, Air Canada and Transat entered into a Letter of Intent with an exclusivity period to complete due diligence and to finalize definitive documentation reflecting the agreed terms. After that date, other parties continued to express unsolicited, non-binding interest in Transat.

On June 26, 2019, after an extensive review, the Special Committee of Transat’s Board of Directors concluded unanimously that combining with Air Canada and entering into the Arrangement Agreement are in the best interests of Transat and its stakeholders, including its employees, clients, shareholders, partners and suppliers, and has provided its unanimous recommendation to the Transat Board of Directors to that effect.

On June 27, 2019, the Transat Board of Directors, having among other considerations, received and considered the recommendation of the Special Committee, unanimously determined that the transaction is in the best interests of Transat and its stakeholders, approved the Arrangement Agreement and recommended that Transat shareholders vote in favour of the transaction. In addition, each of the directors and executive officers of Transat has entered into a voting support agreement pursuant to which each of them has committed to vote in favour of the transaction.

Each of National Bank Financial and BMO Capital Markets has provided the Transat Board of Directors with an opinion to the effect that, as of the date thereof, the consideration to be received by holders of Transat shares with respect to the transaction was fair, from a financial point of view, to such holders, in each case subject to the respective limitations, qualifications, assumptions and other matters set forth in such opinions.

The terms of the Arrangement Agreement provide for a break fee of $15 million payable by Transat in case of termination of the agreement in certain circumstances, including upon acceptance of a Superior Proposal that is not matched by Air Canada. Under the Arrangement Agreement, a Superior Proposal is defined, in part, as an unsolicited bona fide written acquisition proposal, that is made at a firm price per share equal to or exceeding $14 in cash, that has fully committed financing from a financial institution or similar organization (or is made by a person with adequate cash on hand), and that the Board of Directors of Transat determines in its good faith judgment, after receiving legal and financial advice, would result in a transaction that would be in the best interests of Transat and its stakeholders and be more favourable, from a financial point of view, to Transat shareholders. The terms and conditions for the making of a Superior Proposal and its complete definition are contained in the Arrangement Agreement.

The Arrangement Agreement also provides for the payment by Air Canada of a reverse break fee of a maximum of $40 million in the event that the agreement is terminated because regulatory or governmental approvals are not obtained, subject to certain conditions.

Further details regarding the terms of the transaction are set out in the Arrangement Agreement. The acquisition will proceed by way of a court-approved plan of arrangement pursuant to the Canada Business Corporations Act. Additional information regarding the terms of the Arrangement Agreement and the background of the transaction will be provided in the information circular for the special meeting of Transat shareholders. Copies of both the Arrangement Agreement and the information circular will be made available on SEDAR at www.sedar.com.

Air Canada has retained Morgan Stanley as its financial advisor and Stikeman Elliott LLP as its legal advisor. Transat has retained National Bank Financial as financial advisor and Fasken as legal advisor. BMO Capital Markets and Norton Rose Fulbright are acting respectively as financial and legal advisors to the Special Committee of Transat’s Board of Directors.

Air Canada Head Office in Montreal.

Headquartered in Montreal since 1949, Air Canada maintains one of the largest global head offices in Quebec and has been named one of Montreal’s top employers in each of the last six years. Air Canada employs 36,000 employees globally, with approximately 10,000 in the province of Quebec where it has created over 2,600 new jobs over the last five years. Air Canada’s President and Chief Executive Officer and other Executive Committee members are all based at the Montreal Headquarters.

Air Canada serves 11 airports across Quebec. Montreal-Trudeau Airport is a strategic hub for Air Canada connecting its Quebec and Atlantic Canada domestic network, with its U.S. trans-border, Caribbean, European, North African, Asian and South American flights. To the U.S. alone, Air Canada connects Montreal-Trudeau to some 24 cities.

Since 2012, Air Canada has launched 35 new routes from Montreal-Trudeau to global markets including Shanghai, Beijing, Tokyo, Tel Aviv, Lima, Sao Paulo, and Casablanca. This growth has allowed Montreal to rank amongst the top 50 most internationally connected cities in the world and to become one of the largest North American hubs.

Air Canada served more than 10 million passengers in Montreal in 2018.

Top Copyright Photo (all others by the airline): Air Transat Airbus A321-211 WL C-GTXV (msn 6526) YYZ (TMK Photography). Image: 946807.

Air Transit aircraft slide show:

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Air Transat announces its winter schedule including New Orleans

Air Transat Airbus A321-211 C-GEZN (msn 4103) YUL (Gilbert Hechema). Image: 946579.

Air Transat has announced the new features of its flight program for winter 2019–2020, effective November 1, and is continuing to develop its service to the Caribbean, Mexico, Central and South America, Florida and Louisiana, offering over 30 Sun destinations as well as several European regions. In addition, the carrier will add new Airbus A321neoLR aircraft to its operations this winter.

Even more new routes and destinations

This winter, the airline will introduce new destinations and routes out of several regions of the country. Air Transat will now be the only airline to offer a direct flight from Montreal to New Orleans, Louisiana, with two direct flights per week beginning in November.

In the West, Air Transat will refocus a significant portion of its operations on Vancouver, becoming the only carrier to serve Fort Lauderdale/Hollywood, Florida (two direct flights a week). In addition, the airline will offer new flights to San José and Liberia, Costa Rica (two flights a week), and reintroduce a direct flight to Punta Cana, Dominican Republic.

In Ontario, the carrier will increase its presence, including a new direct flight to Puerto Plata, Dominican Republic, from London. A new direct flight to Santa Clara, Cuba, from Hamilton will also be added, as well as an additional direct flight to Punta Cana, Dominican Republic, for a total of two direct flights a week.

More flights to Florida and sustained frequency to the Dominican Republic and Mexico

Air Transat will be investing in Florida, with a focus on Fort Lauderdale/Hollywood. Daily direct flights will now be offered from Montreal during peak season as well as an increased frequency from Quebec City (five direct flights a week).

Air Transat will enhance its program with an additional direct flight to Puerto Plata out of Montreal (five direct flights weekly). Punta Cana will also benefit from an additional direct flight out of Hamilton (two direct flights a week), in addition to existing daily direct flights out of Montreal and Toronto.

To Mexico, Air Transat will be offering an additional direct flight to Puerto Vallarta out of Calgary, for a total of four direct flights a week, in addition to its daily direct flights to Cancun/Riviera Maya from Montreal and Toronto.

Winter in Europe

Beginning in winter 2019–2020, Air Transat will fly year-round to Madrid and Malaga, Spain, out of Montreal (two direct flights a week, respectively) as well as out of Toronto and Vancouver through connecting flights in addition to its daily direct flight from Montreal to Paris, France.

Out of Toronto, the airline will offer its two weekly direct flights to Glasgow and Manchester, United Kingdom, year-round and will extend the flight season until mid-January for Barcelona, Spain (two flights a week), and Rome, Italy (two direct flights a week), in addition to offering daily flights to London, United Kingdom.

Domestic and connecting flights for more options

Air Transat’s domestic flights program, which connects several of Canada’s major cities, will offer a wider choice of transatlantic destinations through connecting flights and will also give Canadians a chance to discover their own vast country. The carrier will continue its daily flights between Montreal and Toronto, in addition to its seven direct flights a week between Vancouver and Toronto and its three weekly direct flights between Montreal and Vancouver.

Top Copyright Photo (all others by the airline): Air Transat Airbus A321-211 C-GEZN (msn 4103) YUL (Gilbert Hechema). Image: 946579.

Air Transat aircraft slide show: