|Commenced operations||November 14, 1987|
|AOC #||Canada: 5311|
United States: ATFF123F
|Parent company||Transat A.T.|
|Headquarters||Montreal, Quebec, Canada|
|Revenue||CAN$2.9 billion (2019)|
|Net income||(CAN$9.4) million (2019)|
|Total assets||CAN$1.5 billion (2015)|
|Employees||5,100 (2020 pre-COVID-19) 1,700 (current)|
Air Transat is a Canadian airline based in Montreal, Quebec. Founded in 1986, it is the country's third-largest airline behind Air Canada and WestJet, operating scheduled and charter flights serving 60 destinations in 25 countries. Air Transat is owned and operated by Transat A.T. Inc., with a fleet of 30 aircraft.
François Legault founded Air Transat with other business partners such as Jean-Marc Eustache, Philippe Sureau, Lina de Cesare, Yvon Lecavalier, and Pierre Ménard. Legault left the company in 1997 with no forewarning after a dispute with business partners, who only found out after the fact.
Air Transat made its inaugural flight on November 14, 1987, travelling from Montreal to Acapulco. Six years later, Air Transat assumed defunct Nationair's maintenance base and aircraft. It is a wholly owned subsidiary of Transat A.T. Inc.
On February 13, 2009, Transat A.T. announced a five-year partnership with CanJet. Since 1 May 2009, Transat Tours Canada has chartered CanJet's Boeing 737 aircraft flying from Canadian cities to various destinations. This replaced an agreement with Calgary-based Westjet.
On February 13, 2011, Air Transat Flight TS163 operated with their first all-female flight crew from Cancun to Vancouver. The airline has won many awards, including the 2012, 2018, and 2019 Skytrax World's Best Leisure Airline Awards.
On September 13, 2013, Air Transat struck a seasonal lease deal with Air France-KLM leisure carrier Transavia France, covering the lease of up to nine Boeing 737-800s by 2019. The deal, which extends a 2010 winter capacity agreement, called for Transavia France to lease four 737-800s to Air Transat during winter 2014, five in 2016, six in 2017, seven in 2018, and eight in 2019.
Although the first two groups of refugees from Syria arrived in Canada on government aircraft in December 2015, the next two groups were on Air Transat aircraft; the first was Flight TS8500 from Amman, Jordan to Toronto, which departed on 20 December. Air Transat was unlikely to be the exclusive airline chartered by the Canadian government, especially if more than 35,000 refugees would arrive in 2016 a spokesman advised the Toronto Star that the company had been confirmed as the airline that would bring the second group to Canada on 21 December. In a Transat press release, Jean-François Lemay, the carrier's general manager made the following statement, "We are very pleased to be the first Canadian airline company to engage in this major humanitarian effort, and to be assisting the Canadian government and international authorities in this way."
In May 2017, Air Transat and Flair Air were accused by a CBC News story of misleading customers and regulators in both Canada and Mexico by marketing and selling nonstop tickets between Edmonton and Cancun. CBC uncovered a letter in which the airlines admitted that they would frequently divert for a technical stop to refuel.
In January 2020, Forbes Canada named Air Transat in its list of best employers, to eighth place nationally.
On 16 May 2019, Transat AT, the company that owns Air Transat, announced it was in exclusive talks to be purchased by Air Canada. An offer was subsequently made by the latter at C$13 per share and another company, Group Mach, proposed purchase at C$14.
On 27 June 2019, the board of Transat AT accepted Air Canada's all-cash bid of C$520 million and did not comment on the C$527.6 proposal from Group Mach because the talks with Air Canada were still exclusive. The deal required approval by two-thirds of shareholders; some major investors and some financial analysts stated that the offer is below the true value of the company. Regulatory and governmental approval would be required for sale of Transat AT. A May report by the Canadian Broadcasting Corporation stated, "regulatory approvals are no sure thing". If the Air Canada purchase were successful, Air Transat would continue to operate as a separate brand.
By 12 August 2019, Air Canada had increased its offer by nearly 40% to C$18 per share from $13, valuing the acquisition at $720 million (US$544 million), to obtain backing from Letko Brosseau, Transat AT's largest shareholder with 19% of the company. That same day, the Quebec Administrative Court of Financial Markets rejected the rival bid from Groupe Mach; on 23 August, a 95% majority of Transat's voting shareholders approved the $18 per share Air Canada proposal. The proposed transaction was to be publicly assessed by Transport Canada until 2 May 2020, with the buyout to close after that date.
The buyout was delayed by the then ongoing impact of the COVID-19 pandemic on aviation, with the share price of Transat AT falling to $5.16 by July 2020. The buyout had not closed by 13 October 2020, when the two parties agreed to a revised offer of $5 per share, reducing the total value of the acquisition to $180 million.
On 2 April 2021, the deal was dropped following a failure to secure European Commission approval.
On July 23, 2020, Air Transat announced that it would resume its service following a COVID-19 pandemic-induced interruption of 112 days. In January 2021, as the pandemic continued, Air Transat announced it was again suspending its regular operations from January 29 to April 30, 2021 and all operations from February 14 to April 30, 2021.
British consumer site MoneySavingExpert named Air Transat as one of the worst-performing travel firms for refunding passengers whose flights or trips were cancelled. The United Kingdom's Civil Aviation Authority (CAA), in a report examining the impact of COVID-19 on airline carriers' treatment of passengers to and from the UK during the pandemic, found that Air Transat was one of the airlines failing to provide cash refunds to passengers whose flights had been cancelled by the airline, in breach of the Flight Compensation Regulation. The regulation requires airlines to refund passengers whose flights are cancelled under any circumstances, including the COVID-19 pandemic; the report also noted that CAA's inquiries, while preparing the report, had resulted in Air Transat assuring it that all cash payments would henceforth be handled properly.
See also: List of Air Transat destinations
Air Transat specializes in charter flights from 19 Canadian cities to vacation destinations, mainly to 15 countries in the south during winter and in 11 European countries during summer. Also, some destinations are provided all year round by the airline. During the summer season, its main destinations are Europe and in the winter season, the Caribbean, Mexico, the United States, and Central America, though the airline operates many year-round flights to Europe from their Toronto and Montreal bases. Its main Canadian gateways are Montréal-Pierre Elliott Trudeau International Airport and Toronto Pearson International Airport. The airline also has operations at Halifax Stanfield International Airport, Ottawa Macdonald–Cartier International Airport, and Québec City Jean Lesage International Airport, among others.
Atmosphere is the biannual inflight magazine of Air Transat. It was founded in 2006 and the first issue was published in March 2006. The magazine is published in English and in French. The publisher is Business Class Media. Formerly it was published on a quarterly basis, but then was published biannually.
As of February 2022, Air Transat operates an all-Airbus fleet consisting of the following aircraft:
|Aircraft||In service||Orders||Passengers||Notes and refs|
|Airbus A321-200||7||—||8||182||190||Club Class only available on domestic flights Listed by TC as A321-211.|
|Airbus A321LR||12||7||12||187||199||Deliveries since 2019.|
Listed by Air Transat as Airbus A321neoLR and by TC as A321-271NX.
|Airbus A330-200||11||—||12||333||345||Listed by TC as A330-243. Seating.|
|Airbus A330-300||1||—||12||334||346||Listed by TC as A330-343. Seating.|
A Boeing 737-800, still registered to Air Transat by Transport Canada but not listed on the official website
Air Transat has operated several other aircraft types in the past, including:
The exclusivity agreement also states that if Transat walks away from the deal for a better offer, it would pay Air Canada a $15-million break fee. In the event the agreement is terminated because regulatory or governmental approvals are not obtained, Air Canada would pay Transat a $40-million break fee.
Letko, Brosseau and Associates and PenderFund Capital Management, which jointly own a 22.06 per cent stake, have said they would vote against the agreement if the purchase price remained at $13 per share.
Shareholders will have to weigh in and regulatory agencies will have a say, as the move would consolidate Canada's airline industry in even fewer hands.
The deal, which would keep Transat’s head office and key functions in Montreal, is expected to be completed early next year, subject to regulatory approval.
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