Tag Archives: Airbus A321-211

Austrian Airlines starts summer season 2022 with broad destination portfolio

Austrian Airlines Airbus A321-211 OE-LBE (msn 935) MUC (Gunter Mayer). Image: 956145.

Austrian Airlines made this announcement:

Around 90 destinations in the flight program for the Easter break
• Flight offer will be successively increased until midsummer
• Almost 110 attractive destinations worldwide will be offered during the summer season with around 1,300 weekly frequencies

Those who are already tired of freezing temperatures, can start planning their 2022 summer holiday with Austrian Airlines as of today, 14 December 2021 with the ramp up of the airline’s summer flight schedule. “The focus is clearly on tourist destinations. With 110 destinations, 35 of them warm-water destinations in Greece, Spain or Italy, and up to 1,300 weekly flights in peak summer 2022, we will not only significantly expand our flight program compared to 2021, but also provide an attractive holiday offer for our passengers,” says Austrian Airlines Chief Sales Officer Michael Trestl. The premium carrier will fly to the most beautiful places in Europe several times a day in summer and significantly increase its offer. For example, Austrian Airlines will offer several flights a day to Palma de Mallorca, four daily connections to Milan, Stockholm or Amsterdam, two flights a day to Larnaca, Athens or Tel Aviv and up to nine weekly connections to Heraklion.


In addition, popular holiday destinations such as Catania, Ibiza, Palma de Mallorca, Keflavík or Mykonos, which were previously part of the airline’s charter program, can be booked as regular Austrian Airlines flights for the 2022 summer season (Palma already for the 2021/22 winter season). “Our passengers will benefit from additional customer advantages. On the one hand, a closer integration with the rest of the Austrian Airlines route network, and on the other hand, customers can now also choose between the booking categories Economy and Business Class on these scheduled routes,” says Michael Trestl.

Up to 1,030 frequencies to holiday destinations in Easter week
For those who are already drawn to the sun in spring, Austrian Airlines offers a comprehensive range of flights to around 90 destinations around Easter until May. In continental Europe only, around 16 warm-water destinations in Spain, Italy, the Canary Islands and the Greek islands are on the flight schedule over Easter. From Vienna, destinations such as Palma de Mallorca, Málaga, Catania or Larnaca are served with more than 50 departures per week. Also long-haul routes, such as the popular destinations Cancún, Mauritius or the Maldives are ideal for a beach holiday in spring 2022. Austrian Airlines will serve all three destinations until after the Easter holidays.

Top Copyright Photo: Austrian Airlines Airbus A321-211 OE-LBE (msn 935) MUC (Gunter Mayer). Image: 956145.

Austrian Airlines aircraft slide show:

Austrian Airlines aircraft photo gallery:

Air Canada joins ‘The World’s Most Magical Celebration’ at Walt Disney World Resort in Florida

Air Canada Airbus A321-211 C-GITU (msn 1602) (Star Alliance) LAX (Michael B. Ing). Image: 954943.

Air Canada is bringing the magic of the Walt Disney World Resort 50th anniversary celebration to Aeroplan members with new and exciting ways to experience the 18-month milestone event beginning October 1, 2021. From now until September 29, 2021, Aeroplan members can enter Air Canada’s contest for a chance to win one of 50 magical prizes, including one of five Air Canada Vacations packages to Walt Disney World Resort in Florida. Air Canada is also adding Disney merchandise and Disney Gift Cards that can be redeemed using Aeroplan points on the Aeroplan eStore. Plus, Aeroplan members will continue to earn and redeem Aeroplan points when travelling with Air Canada and Air Canada Vacations to Walt Disney World Resort.

With up to 33 weekly flights between Canada and Florida, including non-stop service to Orlando from Montreal and Toronto, Air Canada is the largest Canadian carrier into Orlando for Canadians. Later this year, Air Canada will also be offering non-stop service to Orlando from Quebec CityOttawa and Halifax. Customers looking to simplify their vacation planning can take advantage of complete Walt Disney World vacation packages, including hotel and theme park tickets, when booking with Air Canada Vacations, a distributor of Disney travel products for over 15 years.

Air Canada makes family travel as easy as possible by offering dedicated family check-in lines and early boarding, as well as offering our Skyriders program for kids that includes special meals and kits for them while onboard. And through Aeroplan Family Sharing, earning and redeeming Aeroplan points has never been easier.

50 magical prizes to celebrate 50 magical years

Aeroplan members can enter the contest between September 9, 2021 and September 29, 2021, at aircanada.com/magical50 for their chance to win one of the five Air Canada Vacations packages to the Walt Disney World Resort in Florida, as well as 45 other prizes that include Disney merchandise, Disney Gift Card eGifts and Aeroplan points. The total approximate value of all 50 prizes is $112,340.95 CAD. Not an Aeroplan member? Join now.

The contest is open to all active Aeroplan members in good standing who: (i) are residents of Canada, (ii) have reached the legal age of majority in their province or territory of residence, and (iii) enter the contest between September 9, 2021, at 12:01 a.m. and September 29, 2021, at 11:59 p.m. (EST). No purchase necessary.

Full contest rules and contest entry form available at aircanada.com/magical50.

New Disney Merchandise on Aeroplan eStore

Aeroplan members will have access to a dedicated Disney shop on the Aeroplan eStore where they can redeem points for Disney Gift Cards starting at $100 CAD, or to shop for popular Disney merchandise for their family and friends.

Aeroplan Member Benefits

Aeroplan members can redeem their Aeroplan points for flights to Orlando with Air Canada, or toward an entire Walt Disney World vacation package with Air Canada Vacations. They can also earn Aeroplan points on their flights when booking with Air Canada or Air Canada Vacations. Aeroplan credit cardholders can earn Aeroplan points even faster and receive additional airline benefits.

The Walt Disney World 50th Anniversary Celebration

Beginning October 1, 2021:

  • Mickey Mouse and Minnie Mouse will host “The World’s Most Magical Celebration” honouring the 50th anniversary of Walt Disney World Resort in Florida.
  • This 18-month event will feature new experiences at the resort’s four theme parks and beyond, where shimmering EARidescent décor will appear as if by magic.
  • A new nighttime spectacular, “Disney Enchantment,” will help kick off the 50th anniversary festivities when it debuts Oct. 1 at Magic Kingdom Park.
  • Joining “Disney Enchantment” on Oct. 1 will be “Harmonious” at EPCOT, one of the largest nighttime spectaculars ever created for a Disney park.
  • An expanded France pavilion at EPCOT will be part of the festivities and feature a new family-friendly attraction, Remy’s Ratatouille Adventure, and a delicious new restaurant, La Crêperie de Paris.

Top Copyright Photo: Air Canada Airbus A321-211 C-GITU (msn 1602) (Star Alliance) LAX (Michael B. Ing). Image: 954943.

Air Canada (historic) aircraft slide show:

 

A bright new future for Condor: Attestor acquires a majority stake in Condor

Condor Flugdienst Airbus A321-211 D-AIAI (msn 7127) PMI (Javier Rodriguez). Image: 951129.

Condor has released this statement:

Condor’s future is secured: Asset manager Attestor acquires 51 percent of the company’s shares and sets the course for a secure future of Condor. Attestor invests 200 million euros of equity capital and will provide a further 250 million euros to modernize Condor’s long-haul fleet. This will ensure the rapid ramp-up of flight operations after the Coronavirus pandemic and will further enable the long-term development of Germany’s most popular leisure airline under the strong Condor brand. All 4,050 jobs at the airline and the company’s own maintenance subsidiary Condor Technik will be retained.

“We are proud that we were able to convince Attestor of Condor as a traditional company with a 65-year history of providing quality holidays and excellent service. Our partnership will enable us, together with our other industry partners, to advance our vision of sustainable air travel, launch innovative products and drive forward digital transformation. Our employees have proven they are prepared to go the extra mile – not only for Condor, but also for our customers and partners. And, going forward, that’s precisely what we will continue to do” says Ralf Teckentrup, CEO of Condor.

Jan-Christoph Peters, founder and owner of Attestor: “Condor is a strong brand with a proven business model in an attractive market. As the leader in the German leisure flight market, Condor is especially well-positioned to benefit when the tourism market picks up. After successful restructuring, the company’s cost position is highly competitive. By investing in Condor, we are not only creating the foundation for a successful restart, but are also paving the way forward for the company’s long-term development into Europe’s leading charter airline. To this end, we will invest substantially to modernize the Condor fleet.”

Attestor is initially acquiring a stake of 51 percent in Condor, while the remaining 49 percent will remain with SG Luftfahrtgesellschaft, which holds its shares on behalf of Germany’s federal government and the government of the state of Hesse. The investor has the option of acquiring the remaining shares at a later time. In order to secure jobs in the long term, the German federal government and the state of Hesse are supporting Condor’s repositioning with a restructuring of the KfW loan. This measure is subject to approval under EU state aid legislation. Condor will repay the remaining KfW loan as agreed in due time.

About Attestor

Attestor is an owner-operated asset management company with a long-term horizon and specializes in investments in turnaround situations. The fund was founded by German investor Jan-Christoph Peters in 2012 and currently has assets under management of around 5.5 billion euros. The majority of the capital comes from university foundations and family offices. The portfolio includes a stake in Kommunalkredit Austria, an Austrian bank, and in Europcar, a car rental agency. Attestor’s investments in the tourism sector include a number of hotels in Italy and the Netherlands.

Top Copyright Photo: Condor Flugdienst Airbus A321-211 D-AIAI (msn 7127) PMI (Javier Rodriguez). Image: 951129.

Condor aircraft slide show:

Austrian Airlines to focus on holiday destinations this summer

Austrian Airlines Airbus A321-211 OE-LBD (msn 920) FRA (Marcelo F. De Biasi). Image: 947624.

Austrian Airlines has made this announcement concerning its summer schedule:

• Increased services to tourist destinations
• Focus on Greece, Italy, Spain and many other holiday destinations
• “Travel facilitations are helping us”, says CCO Michael Trestl

At the same time as the relaxed entry rules enter into force in Austria and many European countries, Austrian Airlines is ramping up its tourist offer.

Austria’s home carrier is initially launching classic destinations such as Crete and Rhodes for the upcoming long weekend. Additionally, there are more flights to Athens and Thessaloniki.

In June, further destinations such as Chania, Karpathos, Palma de Mallorca, Santorini, Skiathos and Zakynthos will follow.

From July onwards, further routes such as Cagliari, Catania, Funchal, Gran Canaria, Ibiza, Kalamata, Mykonos, Naples, Olbia or Tenerife round off the offer. In total, Austrian Airlines is offering more than 100 destinations this summer – of which, with around 30 destinations, the clear focus is on holiday destinations in the Mediterranean region.


No more quarantine for many countries

As of Wednesday, May 19, 2021, quarantine will be no longer mandatory for many countries when entering Austria. It will be replaced by compulsory proof of vaccination, testing or recovery. This applies to Germany, Greece, Italy and Spain, among others.

Concurrently, these countries have also eased their entry restrictions. In Greece, passengers no longer have to quarantine upon arrival. Travelers entering the country only have to register and carry a vaccination certificate or a PCR test certificate. In Italy, the previous quarantine obligation for passengers has expired as well. In Spain, depending on the country of origin, passengers now also only have to carry proof of testing. Guests on all Austrian Airlines scheduled flights to Germany, Greece and Spain also have the possibility to upload corona-related travel documents and having them checked in advance. The voluntary upload is possible up to 12 hours prior flight departure. The result of the pre-check will be transmitted via e-mail no later than four hours before departure. In combination with the flexible and fee-free rebooking options offered by Austrian Airlines, passengers can thus plan their holidays without any worries.

Travel to Germany picks up speed again

In addition to the eased entry regulations at tourist destinations, Germany has also relaxed its travel requirements. Again, the quarantine requirement is replaced by mandatory proof of vaccination, testing or recovery, unless travelers are coming from a high incidence or virus variant area. Antigen tests no older than 48 hours and PCR tests no older than 72 hours are accepted.

Top Copyright Photo: Austrian Airlines Airbus A321-211 OE-LBD (msn 920) FRA (Marcelo F. De Biasi). Image: 947624.

Austrian Airlines aircraft slide show:

Air France increases services to leisure destinations in France, Europe and North Africa

Air France Airbus A321-211 F-GTAD (msn 777) CDG (Manuel Negrerie). Image: 953408.

Air France made this announcement:

  • 80 seasonal routes including 22 new routes in France, Europe and North Africa
  • Fully modifiable and refundable tickets


​To support the gradual recovery in travel expected over the summer period, Air France is increasing services to leisure destinations.

During the summer season, the airline will operate 80 seasonal routes – including 22 new ones – to France, Europe and North Africa from Paris-Charles de Gaulle, Paris-Orly and the French regions.

These seasonal routes will be added to Air France’s existing flight schedule.


14 new routes in Europe and North Africa

With 39 seasonal routes on the medium-haul network, Air France will offer its customers a wide choice of destinations. This summer, the airline is adding 14 new routes to its network:

  • Paris-Charles de Gaulle to/from Tangiers and Agadir (Morocco), Monastir (Tunisia), Valletta (Malta), Las Palmas (Canary Islands, Spain), Corfu and Rhodes (Greece) from 5 July 2021
  • Paris-Orly to/from Bari (Italy) as of 31 May 2021, Ibiza (Spain) and Algiers (Algeria) as of 28 June 2021
  • Marseille-Provence to/from Catania (Italy) from 26 June 2021 and Corfu (Greece) from 19 July 2021
  • Nice-Côte d’Azur to/from London (UK) and Tunis (Tunisia) from 28 June 2021


​8 new routes in France

Air France will also accompany its customers on their travels in France. 41 seasonal routes will be available, including 8 new ones:

  • Paris-Charles de Gaulle to/from Ajaccio, Bastia, Calvi and Figari from 5 June 2021
  • Perpignan to/from Brest, Strasbourg and Nantes from 25 June 2021
  • Biarritz to/from Caen from 25 June 2021


Air France will shortly be detailing its long-haul flight schedule for the 2021 summer season.

This flight schedule is subject to change depending on travel restrictions. Since the beginning of the COVID-19 crisis, Air France has been adjusting its offer in real time, taking into account changes in the health situation.

1 Modifications – possibility of changing the date and/or destination of your ticket regardless of the fare conditions until the day of departure of the 1st flight. If the price of the new ticket is higher, the fare difference will be charged to the customer.
2 Refunds – possibility of requesting a ticket refund up to the day of departure of the 1st flight. If the fare conditions of your ticket do not allow a refund, a credit voucher valid for one year will be issued, the refund of which can be requested at any time.

Top Copyright Photo: Revised livery: Air France Airbus A321-211 F-GTAD (msn 777) CDG (Manuel Negrerie). Image: 953408.

Air France aircraft photo gallery:

Air France aircraft slide show:

Ural Airlines flight U6 178 with Airbus A321 VQ-BOZ suffers a bird strike on takeoff, lands safely in a cornfield

Flight U6 178 from Moscow (Zhukovskogo) to Simeropol on August 15, 2019 aborted its takeoff into a cornfield after a bird strike in both engines

Ural Airlines flight U6 178 from Moscow (Zhukovskogo) with the pictured Airbus A321 VQ-BOZ today aborted its takeoff. The flight, headed to Simeropol, suffered a bird strike on takeoff. The flight after becoming airborne landed in a cornfield. There were 226 passengers and seven crew members on board

The airline issued this statement (translated from Russian):

When flying a flight to Simferopol from Moscow (Zhukovskogo), there was a large hit of birds in both engines. The flight crew made a forced landing.

Thanks to the professionalism of the crew and their glorious actions, the landing was accomplished without tragic consequences. There were 226 passengers in the aircraft, no one was injured, passengers evacuated and at the moment are in the terminal of the airport.

The airline then issued the statement (also translated):

The Commander of the aircraft flight U6 178 was Damir Yusupov, the second pilot – Georgy Murzin. It was due to their professionalism, grit and glorious actions that the plane managed to land without tragic consequences.

Damir Yusupov is 41 years old. In 2013, he graduated with honors from the St. Petersburg State University of civil aviation. Right after the university was accepted to work in the airline Ural Airlines.

In 2018, he received a second specialty: He graduated from the ulyanovsk institute of civil aviation named after the chief marshal of aviation, B.P. Bugaeva, in the direction of aéronavigaciâ.

The total raid of Damir Yusupov is more than 3000 hours.

The second pilot of George Murzinu, 23 In 2017. He graduated from St. Petersburg State University of Civil Aviation.

Top Copyright Photo: Ural Airlines Airbus A321-211 VQ-BOZ (msn 2117) AYT (Ton Jochems). Image: 947309.

Ural Airlines aircraft slide show:

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Austrian’s financial results for the first half of 2019: Earnings still in the red before the strong summer months

Named "Wien" (Vienna)

Austrian Airlines has reported its financial results for the first half of 2019:

Finance Results

• Q2 profit of EUR 46 million insufficient to offset Q1 loss of EUR 99 million
• Adjusted EBIT down to minus EUR 53 million in the first half-year
• 2019 remains a challenging year: glut of budget airlines and expensive jet fuel burden earnings
Austrian Airlines reported adjusted earnings before interest and taxes (adjusted EBIT) of EUR 46 million in the second quarter of 2019. However, this performance was not enough to compensate for the loss of EUR 99 million generated in the previous quarter. For this reason, Austria’s flag carrier announced an adjusted EBIT of minus EUR 53 million in the first half of 2019. Investments in the fleet and service had a positive impact, as reflected in the significant rise in passenger volume of six percent to 6.7 million.

“The sharp decline in earnings can be mainly attributed to two factors: the glut of budget airlines in Vienna and higher jet fuel costs”, states Austrian Airlines CFO Wolfgang Jani.

Revenue in the first half of 2019 fell by three percent to EUR 982 million (H1 2018: EUR 1,008 million). Total operating expenditures in the same period were up two percent to EUR 1,073 million (H1 2018: EUR 1,048 million). The main reason for the higher costs were the additional expenses for jet fuel and routine maintenance. Jet fuel costs rose by 17 percent or EUR 34 million whereas technical expenditures were up 47 percent or EUR 27 million. Adjusted EBIT, which deducts book gains from sales of aircraft, amongst other items, totaled minus EUR 53 million (H1 2018: EUR 5 million). EBIT in the first six months of 2019 equaled minus EUR 54 million.

Considering the second quarter by itself, adjusted EBIT totaled EUR 46 million, down 41 percent or EUR 32 million from the previous year (Q2 2018: EUR 78 million). Accordingly, the large first-quarter loss could not be offset.

More flights, more passengers, high capacity utilization

Austrian Airlines significantly expanded its traffic volume. In the first six months of 2019, the airline transported 6.7 million passengers, comprising a year-on-year increase of six percent or about 375,000 more passengers than in the first half of 2018. The intercontinental business developed exceptionally well, with passenger volume up 13.2 percent during the first half-year. The overall flight offering in available seat kilometers (ASK) increased by five percent to 13.6 billion. Capacity utilization (passenger load factor) further improved by 2.3 percentage points to 78.1 percent.

The regularity of operation rose to a gratifying 99.0 percent in the first half of 2019 (H1 2018: 98.1 percent). However, punctuality on departure fell to 76.9 percent. This can be primarily attributed to air traffic control problems at Vienna Airport, which have quadrupled compared to the first half-year 2018. The punctuality rate on arrival equaled 79.9 percent.

Fleet renewal takes shape: six additional jets, turboprop phase-out

Austrian Airlines has carried out 66,419 flights deploying a total of 82 aircraft, or an average of about 364 flights per day, since the beginning of the year. The two aircraft leased from Adria Airways as part of a wet lease agreement are not included. The renewal of the fleet announced in January 2019 is beginning to take shape. In July 2019 Austrian Airlines signed lease agreements for six additional A320 aircraft. The first of these jets will be transferred in August 2019. On balance, ten additional Airbus jets will replace the airline’s 18 Dash 8-400 turboprop airplanes by 2021. Accordingly, Austrian Airlines is expanding its Airbus fleet from 36 to 46 aircraft.

“The expansion of our Airbus fleet will help us in competing with budget airlines. This is because these jets enhance customer comfort. The change in the fleet structure will also positively impact our unit costs because we can offer more seats in fewer aircraft”, says Austrian Airlines CFO Wolfgang Jani.

The total staff of Austrian Airlines amounted to 6,999 employees at the balance sheet date of June 30, 2019 (June 30, 2018: 7,118 employees). The reduction of 119 employees (minus two percent) is related to productivity gains in connection with the last reform of the collective wage agreement and the fact that fewer pilots are undergoing retraining.

Outlook for the entire year 2019: positive earnings but significantly below the prior year

Austrian Airlines expects an economically challenging year as a consequence of low-cost competition at Vienna Airport and high jet fuel prices. “We continue to anticipate a difficult year in 2019. We will generate positive results, but substantially below the previous year”, Austrian Airlines CFO Wolfgang Jani adds. In 2018 Austrian Airlines had an adjusted EBIT of EUR 83 million.
Top Copyright Photo (all others by the airline): Austrian Airlines Airbus A321-211 OE-LBF (msn 1458) ZRH (Rolf Wallner). Image: 946842.
Austrian Airlines aircraft slide show:

Say goodbye to the Joon brand tonight

Joon (Air France) Airbus A321-211 F-GTAM (msn 1859) LIS (Ton Jochems). Image: 946801.

Air France, as planned, is closing out the Joon brand at the close of operations tonight.

As previously reported, the new CEO did not want the diverse brands.

AF launched the Joon brand on leisure routes to appeal to millennials on October 29, 2017.

Above Photo: Anna Zvereva.

Joon painted aircraft and crews will be rolled back into Air France.

Top Copyright Photo: Joon (Air France) Airbus A321-211 F-GTAM (msn 1859) LIS (Ton Jochems). Image: 946801.

Joon aircraft slide show:

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:

An update by Air Canada on the Transat AT acquisition

Air Transat Airbus A321-211 C-FTXW (msn 1921) YYZ (TMK Photography). Image: 946081.

Air Canada issued this update statement on the Air Transit acquisition:

Air Canada on June 4 said that it is in the process of finalizing its binding agreement to purchase all of the issued and outstanding shares of Transat AT Inc. and its combination with Air Canada to create an industry leading, Quebec-based leader in the global leisure travel industry. Air Canada announced on May 16, 2019 that it had entered into an exclusive agreement with Transat regarding the proposed transaction and that the agreement was subject to Air Canada completing a 30-day due diligence period now expected to be complete towards the end of June.

Air Canada’s acquisition will result in job creation and economic growth in Quebec, given the travel and tourism opportunities. Moreover, Air Canada has all necessary funding to complete the transaction and therefore it is not subject to financing conditions and does not require government or taxpayer assistance.

The transaction, valued at $520 million, remains subject to the finalization of definitive agreements, confirmatory due diligence, regulatory and shareholder approvals and other closing conditions usual in this type of transaction. There is no assurance that the transaction will be completed as described in this news release or at all.

Air Canada serves 11 airports across Quebec. The international reach of Air Canada’s network makes Quebec a gateway to the world and is an important tool for economic development, including tourism.

Montréal-Trudeau Airport is a strategic hub for Air Canada connecting its Quebec and Atlantic Canada domestic network, with its U.S. transborder, 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 Montréal-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: Air Transat Airbus A321-211 C-FTXW (msn 1921) YYZ (TMK Photography). Image: 946081.

Air Transat aircraft slide show: