Tag: Air Transat

Transat A.T. Inc. Acknowledges Receipt of Group Mach Inc.’s Conditional Proposal Letter

Provided by Transat A.T. Inc./CNW

MONTRÉAL, June 14, 2019 /CNW Telbec/ – Transat A.T. Inc. (“Transat”) confirms that it has received from Group Mach Inc. a non-binding and conditional proposal letter regarding its expressed interest to privatize Transat. Such proposal is subject to numerous conditions including obtaining financing and undertaking a due diligence process.

Transat would like to reiterate that it has entered into an agreement with Air Canada, pursuant to which it has agreed to a 30-day binding period of exclusive negotiations to conclude a definitive agreement, as previously announced. For the remainder of this exclusivity period, it is contemplated that Air Canada will complete its due diligence review in order for the parties to finalize a definitive agreement regarding the acquisition of all of the shares of Transat.

Transat does not intend to provide further updates or comments with respect to the foregoing except as required by law.

There is no assurance that a definitive agreement will be reached in relation to any proposed transaction.

The operations of Transat continue in their normal course and there will be no change for its clients, suppliers and employees. In particular, travellers and clients of Transat can continue to travel and book their flights and vacation packages with Transat as usual.

Mach deposits formal proposal to Transat

Provided by Group Mach Inc./CNW

MONTREAL, June 14, 2019 /CNW Telbec/ – Group Mach Inc. deposited yesterday its formal proposal to acquire all issued and outstanding voting shares (the “Shares”) of Transat A.T. Inc. (TSX:TRZ) (“Transat” or the “Company”) at a price of $14.00cash per Share to the attention of the Board of Directors of Transat in response to the Company’s press release of yesterday to the effect of not having received any formal proposal in relation to Mach’s June 4, 2019 press release (the “Mach Press Release”).

Airline battle heats up as Montreal real estate investor submits rival bid for Transat

News provided by The Globe and Mail – link to full article

submits rival bid for Transat

Eric Atkins, Transportation Reporter, 13 June 2019

The battle for Transat A.T. Inc. is set to heat up as Montreal real estate investor Group Mach Inc. submits a formal offer for the airline and vacation company that is in friendly takeover talks with Air Canada.

Vincent Chiara, chief executive officer of Mach, said he would file the takeover proposal with Transat by Thursday evening for a deal worth $14 a share – trumping Air Canada’s $13 offer.

Transat CEO Jean-Marc Eustache said on Thursday that the Air Canada talks that began in late May will continue until June 26. On a second-quarter earnings conference call with analysts on Thursday morning, Mr. Eustache said Mach had to yet to make its offer formal, and he did not consider Mach’s June 4 press release of its intentions an actual bid. “Therefore we do not have any comment to make on it. Should any other proposal be communicated to the company before or after the end of the exclusivity period, it will be addressed by our board of directors,” Mr. Eustache said.

Two big investors in Transat have said the all-cash $520-million Air Canada takeover price is too low or poorly timed, raising doubts it will receive the required two-thirds approval from shareholders. FNC Capital of Montreal has also told The Globe and Mail it is interested in submitting an offer for Transat.

Mach said in the June 4 press release that its offer is conditional on $120-million in Quebec government financing, and its minority partner will be TM Grupo Inmobiliario, a Spanish vacation property developer and hotel operator that does business in Mexico and the Mediterranean.

Mr. Chiara said Mach has submitted a business plan to the province of Quebec’s finance wing, Investissement Québec, and expects to know within a week if the government will provide the loan.

“We were under the impression that the press [release] offer was an offer but now that we understand that [Transat] didn’t consider it to be a formal offer, we’ll formalize it and send it to them by 5 o’clock today,” Mr. Chiara said from Montreal on Thursday.

He said he is optimistic his bid is superior to that of Air Canada given the higher price, in addition to the lack of overlapping airline operations that would be expected to draw the scrutiny of the Competition Bureau.

Transat employs 5,000 people and has a fleet of about 40 planes, depending on the season. It sells tour and hotel packages in Europe and the Caribbean. In 2018, it spent $76-million on beachfront land in Puerto Morelos, Mexico, to build a resort, but has agreed to limit spending on that project while in talks with Air Canada.

Transat on Thursday posted a smaller profit in the second quarter as fuel costs rose and the Canadian dollar slipped against the U.S. currency.

STORY CONTINUES BELOW ADVERTISEMENT

Transat’s net income fell to $2.3-million or 6 cents a share from $7.9-million or 21 cents in the same period a year earlier. Updating the company’s plane fleet also added costs.

Excluding a court settlement and other items, Transat’s adjusted net loss was $6.3-million or 17 cents a share, compared with a loss of $500,000 or 1 cent in the second quarter of 2018. Revenue rose by 3.5 per cent to $897-million.

Expenses rose by 5.4 per cent, driven by a 13.5-per-cent jump in fuel costs and a 9-per-cent rise in salaries and benefits, outpacing the increase in revenue.

Annick Guerard, chief operating officer of WestJet, said that the company is facing “fierce competition” on its transatlantic routes this summer as WestJet and other carriers add new service and slash ticket prices.

“We are seeing pressure … from WestJet in Europe this summer. They have added additional flights from Calgary to Paris and Dublin, and out of Toronto to Gatwick and Barcelona … They are increasing their presence, not only WestJet but others as well,” Ms. Guerard said.

For this summer travel season, Mr. Eustache said bookings are up by almost 2 per cent and 64 per cent of seats are sold. Ticket prices are little changed from a year ago, and Transat said the third-quarter results will be “slightly higher” than those of the same period in 2018.

Transat A.T. Inc. – Results for second quarter of 2019

Provided by Transat A.T. Inc./CNW

Winter results in line with first quarter; due diligence underway

For the second quarter:

  • Revenues of $897.4 million.
  • Operating loss of $19.8 million.
  • Adjusted operating income1 of $3.0 million
  • Net income attributable to shareholders of $2.3 million.
  • Adjusted net loss3 of $6.3 million.
  • Letter of intent entered into with Air Canada on May 16, 2019 for the acquisition of the Corporation:
    • Exclusivity period up to the end of the 30-day due diligence review scheduled for June 26, 2019;
    • Undertakings and expenses relating to the hotel strategy restricted during this period.
  • The Corporation took delivery of its first A321neoLR aircraft.

For the first six months:

  • Revenues of $1.5 billion.
  • Operating loss of $72.4 million.
  • Adjusted operating loss1 of $34.7 million.
  • Net loss attributable to shareholders of $47.4 million.
  • Adjusted net loss3 of $42.3 million.

MONTRÉAL, June 13, 2019 /CNW Telbec/ – Transat A.T. Inc. (“Transat” or the “Corporation”), one of the largest integrated tourism companies in the world and Canada’s holiday travel leader, announces its results for the second quarter ended April 30, 2019.

“The second quarter is similar to the first in terms of results. We incurred a comparable increase in our costs resulting from fuel prices and exchange rates as well as fleet transition, and we ended the winter with a larger loss than last year. While the due diligence resulting from the letter of intent signed with Air Canada is also underway, we remain focused on achieving the improvements set out in our strategic plan. We remain confident about completing these initiatives if the transaction does not take place,” said Jean-Marc Eustache, President and Chief Executive Officer of Transat.

Second-quarter highlights

The Corporation posted revenues of $897.4 million for the quarter, up $30.3 million or 3.5% compared with 2018. This increase is attributable to higher average selling prices across all markets, combined with a 2.3% rise in the number of travellers in the sun destinations market, the Corporation’s main market for the period, resulting from the decision to increase capacity in that market. The higher revenues were partially offset by a greater proportion of flight-only sales, which generate lower unit margins than packages.

Operations generated adjusted operating income1 of $3.0 million, compared with $12.1 million in 2018, a decrease of $9.1 million. This change resulted primarily from the increase in fuel prices, combined with the weakening of the dollar against the U.S. dollar and the additional costs incurred for the transition and optimization of the Corporation’s fleet, which in total exceeded the increase in the average selling prices of packages. Adjusted operating income1 for 2019 includes expenses of $2.5 million related to the potential acquisition of the Corporation, comprising professional fees and adjustments to certain provisions related to stock-based compensation following the significant rise in the share price.

Net income attributable to shareholders amounted to $2.3 million or $0.06 per share (diluted), compared with $7.9 million or $0.21 per share (diluted) in 2018. For the second quarter of 2019, the net income attributable to shareholders includes the settlement of a litigation in the courts of the state of New York, in the United States; this amount was recorded as Special items in the consolidated statement of income. Excluding non-operating items, Transat reported an adjusted net loss3 of $6.3 million ($0.17 per share) for the second quarter of 2019, compared with $0.5 million ($0.01 per share) in 2018.

Six-month period highlights

The Corporation recognized revenues of $1.5 billion, up $29.4 million or 1.9% from 2018. The higher revenues recorded during the six-month period is mainly attributable to the increase in average selling prices across all markets, combined with a 2.8% rise in the number of travellers in the sun destinations market, the Corporation’s main market for the period, resulting from the decision to increase capacity in that market. The higher revenues were partially offset by a greater proportion of flight-only sales, which generate lower unit margins than packages.

For the winter season, operations generated an adjusted operating loss1 of $34.7 million compared with $16.6 million in 2018, a deterioration of $18.1 million. This change resulted primarily from the increase in fuel prices, combined with the weakening of the dollar against the U.S. dollar and the additional costs incurred for the transition and optimization of the Corporation’s fleet, which in total exceeded the increase in the average selling prices of packages.

Net loss attributable to shareholders amounted to $47.4 million or $1.26 per share (diluted) compared with net income of $4.7 million or $0.13 per share (diluted) for the corresponding six-month period of last year. Net income for 2018 included a $31.3 million gain on the sale of the Corporation’s subsidiary Jonview. Before non-operating items, Transat reported an adjusted net loss3 of $42.3 million ($1.13 per share) for the first six months of 2019, compared with $32.7 million ($0.87 per share) in 2018.

Financial position

As at April 30, 2019, cash and cash equivalents amounted to $796.3 million, compared with $903.3 million on the same date in 2018. This change resulted primarily from the purchase of land in Mexico ($75.7 million), from commissioning costs for aircraft added to the fleet ($19.9 million) and from the change in the calculation of cash and cash equivalents to be held in trust following the adoption of the new revenue recognition standard IFRS 15 ($13.3 million).

The working capital ratio was 1.24, compared with 1.41 as at April 30, 2018.

Deposits from customers for future travel amounted to $629.7 million, compared with $604.9 million as at April 30, 2018.

Off-balance-sheet agreements, excluding contracts with service providers, stood at $2.45 billion as at April 30, 2019, compared with $2.51 billion as at October 31, 2018. The $52.7 million decrease resulted primarily from repayments made during the six-month period, partially offset by the weakening of the dollar against the U.S. dollar,

IFRS update

On November 1, 2018, the Corporation adopted IFRS 9, Financial Instruments, and IFRS 15, Revenue from Contracts with Customers. The 2018 comparative figures have been restated to reflect these changes.

In short, the adoption of these standards resulted in a $2.6 million increase in shareholders’ equity as at October 31, 2017. For the quarter and six-month period ended April 30, 2018, the adoption of these standards resulted in increases in net income attributable to shareholders of $1.3 million and $4.6 million, respectively. The main changes related to the adoption of IFRS 9 and IFRS 15 are described in note 3 to the interim condensed consolidated financial statements for the quarter ended April 30, 2019.

Outlook

Summer 2019 – The transatlantic market outbound from Canada and Europe accounts for a substantial portion of Transat’s business during the summer season. For the period from May to October 2019, the Corporation’s capacity is higher by 1%. To date, 64% of the capacity has been sold, the load factors are higher by 0.7% compared with summer 2018 and selling prices of bookings taken are similar to those recorded at the same date in 2018. The impact of currency variations, combined with lower fuel costs in U.S. dollars, will not result in a significant increase in operating costs if aircraft fuel prices remain stable and the dollar remains at its current level against the U.S. dollar, the euro and the pound.

On the sun destinations market outbound from Canada, for which summer is low season, Transat’s capacity is similar to the one deployed on the same date last year. To date, 60% of the capacity has been sold and load factors are comparable to those of 2018. Unit margins are currently higher compared with those recorded on the same date last year.

If the current trends hold, Transat expects its results for the third quarter to be slightly higher than those of last year. However, the Corporation believes it is still too early on in the season to draw conclusions regarding the fourth quarter given the number of seats and packages sold at this stage of the season.

Discussions relating to the sale of the Corporation and strategic plan

Following the April 30 announcement on discussions with more than one party regarding the potential sale of the Corporation, the Corporation announced on May 16 that a letter of intent was signed with Air Canada for the potential acquisition of the Corporation, with an exclusivity period extending until the end of a 30-day due diligence period.

Since due diligence officially began on May 27, the exclusivity period ends on June 26, 2019.

Investments in the hotel division have been slowed down, in accordance with the commitment made in the letter of intent. Work in this division is currently focused on preparing construction on the land in Puerto Morelos and reviewing future opportunities.

Meanwhile, work on other aspects of the strategic plan continues as previously, moving forward at the expected pace.

The Corporation has taken note of the press release of Group Mach Inc. issued on June 4 concerning its expressed interest to privatize the Corporation. Nevertheless, as of this date, the Corporation has not received any formal proposal in relation to Group Mach Inc.’s June 4 press release.

Additional information

The Corporation adopted IFRS 9, Financial Instruments, and IFRS 15, Revenue from Contracts with Customers, on November 1, 2018, and restated the quarterly financial information shown in the table below for 2018.

The results were affected by non-operating items, as summarized in the following table:

Highlights and impact of non-operating items on results
(in thousands of C$)

Second quarterFirst six months
2019201820192018
Revenues897,413867,1541,544,9791,515,543
Operating results(19,802)(3,180)(72,357)(46,708)
Special items6 7006 700
Depreciation and amortization16,22515,31031,14230,079
Premiums related to derivatives matured during the period(77)(167)
Adjusted operating income (loss)13,04612,130(34,682)(16,629)
Income (loss) before taxes4,64013,304(61,714)458
Special items6,7006,700
Fuel-related derivatives and other derivatives(18,401)(10,935)291(9,072)
Gain on business disposals(368)(31,064)
Premiums related to derivatives matured during the period(77)(167)
Adjusted pre-tax income (loss)2(7,138)2,001(54,890)(39,678)
Net income (loss) attributable to shareholders2,2697,938(47,377)4,743
Special items4,9454,945
Fuel-related derivatives and other derivatives(13,470)(8,026)213(6,659)
Gain on business disposals(368)(30,736)
Premiums related to derivatives matured during the period(56)(122)
Adjusted net income (loss)3(6,312)(456)(42,341)(32,652)
Earnings (loss) per share – diluted0.060.21(1.26)0.13
Special items0.130.13
Fuel-related derivatives and other derivatives(0.36)(0.21)0.01(0.18)
Gain on business disposals(0.82)
Premiums related to derivatives matured during the period(0.01)
Adjusted net income (loss) per share3(0.17)(0.01)(1.13)(0.87)

Hedging – The Corporation records in the statement of income any gains or losses resulting from mark-to-market adjustments of the derivative financial instruments used to manage aircraft fuel-price risk, as well any gains or losses resulting from mark-to-market adjustments of certain hedging instruments used to manage exchange rate exposure. In the second quarter of 2019, this resulted in a $18.4 million non-cash gain ($13.5 million after income taxes), compared with $10.9 million ($8.0 million after income taxes) in 2018. For the six-month period, this resulted in a $0.3 million non-cash loss ($0.2 million after income taxes), compared with a $9.1 million gain ($6.7 million after income taxes) in 2018.

The Corporation uses derivative financial instruments to mitigate exchange rate exposure arising from its expenses and/or revenues in foreign currencies. Accordingly, under applicable accounting standards, any fluctuations resulting from the effective portion of mark-to-market adjustments of these instruments that are designated as hedging instruments are recorded in the consolidated statement of financial position and consolidated statement of comprehensive income rather than in the consolidated statement of income. For the second quarter of 2019, Transat recorded a loss of $0.3 million ($0.3 million after income taxes) on these foreign exchange derivatives, compared with a gain of $19.8 million ($14.6 million after income taxes) in 2018. For the six-month period, Transat recorded a loss of $4.2 million ($3.1 million after income taxes) on these foreign exchange derivatives, compared with a gain of $0.4 million($0.3 million after income taxes) in 2018.

NOTES

The following are non-IFRS financial measures used by management as indicators to evaluate ongoing and recurring operational performance.

  1. Adjusted operating income (loss): Operating income (loss) before depreciation and amortization expense, restructuring charge and other significant unusual items, including premiums for fuel-related derivatives and other derivatives that matured during the period. The Corporation uses this measure to assess the operational performance of its activities before the aforementioned items to ensure better comparability of financial results.
  2. Adjusted pre-tax income (loss): Income (loss) before income tax expense before change in fair value of fuel-related derivatives and other derivatives, gain (loss) on business disposal, restructuring charge, asset impairment and other significant unusual items, and including premiums for fuel-related derivatives and other derivatives matured during the period. The Corporation uses this measure to assess the financial performance of its activities before the aforementioned items to ensure better comparability of financial results.
  3. Adjusted net income (loss): Net income (loss) attributable to shareholders before net income (loss) from discontinued operations, change in fair value of fuel-related derivatives, gain (loss) on business disposal, restructuring charge, asset impairment and other significant unusual items, and including premiums for fuel-related derivatives and other derivatives that matured during the period, net of related taxes. The Corporation uses this measure to assess the financial performance of its activities before the aforementioned items to ensure better comparability of financial results. Adjusted net income (loss) is also used in calculating the variable compensation of employees and senior executives.

Air Transat A321neo LR Winter 2019 Montreal sun destinations as of 10 June 2019

News provided by RoutesOnline.com – link

By Jim Liu – Posted 12 June 2019 (based on information provided as of 10 June 2019)

Air Transat in the last few days adjusted Airbus A321neo LR operation from Montreal, for Sun Destinations during winter 2019/20 season. Updated changes include the following.

Montreal – Cancun 02FEB20 – 29MAR20 1 weekly (2 weekly from 21FEB20; Previous plan: 1 weekly from 05JAN20)
Montreal – Cartagena 15FEB20 – 28MAR20 2 weekly
Montreal – Cayo Largo 16FEB20 – 29MAR20 1 weekly
Montreal – Cozumel 07FEB20 – 03APR20 1 weekly
Montreal – Fort Lauderdale 03FEB20 – 27APR20 1 weekly (Previous plan: eff 06JAN20)
Montreal – Holguin 10APR20 – 24APR20 1 weekly (Previous plan: eff 10JAN20)
Montreal – Montego Bay 06FEB20 – 09APR20 1 weekly (Previous plan: eff 07NOV19)
Montreal – Pointe-a-Pitre 19FEB20 – 25MAR20 1 weekly
Montreal – Punta Cana 01FEB20 – 28MAR20 1 weekly (Previous plan: eff 11JAN20)
Montreal – Roatan 17FEB20 – 30MAR20 2 weekly
Montreal – Santa Clara 21FEB20 – 27MAR20 1 weekly 

Transat meets all your needs for an escape this winter

Provided by Transat A.T. Inc/CNW

The most comprehensive selection of Sun destinations, all-inclusive packages, turnkey cruise packages and Europetrips

MONTREAL, June 7, 2019 /CNW Telbec/ – Transat, Canada’s leisure travel specialist, is pleased to present its selection of over 30 Sun destinations for winter 2019–2020. Whether it’s for travel to MexicoSouth America, Central America, the CaribbeanFloridaLouisiana, Spain or Portugal, the tour operator has a host of all-inclusive vacation packagesturnkey cruise packages and house, apartment-hotel and condominium rentals to meet vacationers’ various needs, regardless of their budget.

“Our expertise as a leisure travel specialist means we can offer travellers an unparalleled selection of packages in over 700 resorts,” says Annick Guérard, Chief Operating Officer, Transat. “Canadians know that by choosing Transat, they can build their dream vacation. Our leadership position also means that we’re always on top of travellers’ needs. We offer them the type of holiday that’s perfectly tailored to their needs and we make their life easier with a turnkey offer.” She continues: “For example, we’ve expanded our selection of condominiums in our Sun destinations to meet the growing demand from travellers who are looking for a different holiday that allows them to connect more with locals and feel at home. In addition, vacationers looking to escape to the sun of Spain will now be able to do so with year-round flights to Madrid and Malaga.”

A sun offer for everyone
Holidays in the sun with Transat means a choice of over 700 mainly all-inclusive resorts, including more than 25 new properties and 30 exclusive ones, as well as benefits exclusive to Transat offered in the Luxury, Distinction, Family and Solo collections.

Transat: always number one for families 
Transat is proud to present its enhanced Family Collection, which includes 29 hotels, eight of which are new properties. Each of the resorts in this collection has been carefully chosen to please families of all sizes by offering kids clubs with extended hours to keep the little ones busy while parents enjoy a romantic dinner, free stay and meals for kids and free Wi-Fi. And mini-travellers aged two to 11 registered with the Air Transat Kids Club along with their families enjoy benefits, such as faster check-in, pre-boarding and priority baggage handling, as well as a the latest goodies in the members’ kit, featuring all-new surprises!

New Duo package to Puerto Rico
As a leisure travel expert, Transat broke new ground several years ago with its Duo packages that let holidayers enjoy the best of both worlds by experiencing two facets of the same destination in one trip: soaking up the sun on the beach, coupled with exploring a city. With this in mind, the all-new Duo package in Puerto Rico will give travellers the opportunity to immerse themselves in the historical and cultural riches of its capital city, San Juan, while enjoying one of the three other destinations offered on the island: Ponce, Guánica or Rio Grande.

A total of eight destinations are available as a Duo package. Vacationers can discover the jewels of Havana architecture, then stroll on the pristine beaches of Varadero, or travel back in time to Cartagena and live out their castaway fantasies on the island of Barú.

An unprecedented condominium offer
Rent a turnkey condominium without hours of research on the Internet to find the perfect location, with flights, transfers and the services of a representative at destination included? This will be even easier to do next winter thanks to Transat and its new range of apartment-hotels and condominiums at some of its most popular Sun destinations, such as Riviera Maya or Puerto Vallarta in Mexico, Puerto Plata and Punta Cana in the Dominican Republic, as well as the Costa del Sol in Spain or the Algarve in Portugal.

Winter in Europe: activities and discoveries
Air Transat remains firmly committed to offering Europe all year round, with daily flights to Paris and London, as well as to Manchester, Glasgow, Lisbon, Porto, Faro, Madrid and Malaga.

But to escape the harsh winter climate and quench their thirst for cultural discovery, Canadians will be able to set their sights on the Iberian Peninsula. The steep cliffs and turquoise waters of the Algarve in Portugal, as well as the white seaside villages of the Costa del Sol in Spain, are becoming more and more popular with Canadians. In and around Malaga, the city with the highest average temperatures in Spain and more than 300 days of sunshine a year, travellers can choose from 70 golf courses. When travelling to Faro, on the southern coast of Portugal, they can capture the magnificent landscapes of the Algarve and combine a stopover in the Douro valley, near Porto, as well as a visit of Lisbonto savour some pasteis de nata.

And to soak up the local culture, Transat offers a selection of packages in Europe including flights, a choice of affordable hotels, transfers, excursions and more.

73 turnkey cruise packages with Transat and a few new products 
With 73 itineraries sailing from 12 ports of embarkation, Transat has something for all cruise lovers. With two new direct flights from Montreal to New Orleans, on Thursdays and Sundays, Air Transat will be offering brand-new cruise packages sailing from the Louisiana metropolis aboard the Carnival Glory or Norwegian Getaway.

A new route will also be available from Fort-de-France, Martinique, thanks to MSC Cruises. In addition, Vancouver-area residents will now have access to cruises sailing from Fort Lauderdale, Florida.

A cruise package with Transat is the perfect solution for peace of mind and the opportunity to visit several destinations in one trip. Packages include round-trip flights with Air Transat, transfers and the cruise. They can be booked quickly and easily at a travel agency or on the Transat website, just like for an all-inclusive package. And thanks to Flight Protection, travellers are sure to reach the desired port on time in case of a delay.

In addition, with Transat, vacationers can prolong the fun by adding a hotel stay to their journey at sea. Trips can be extended up to 14 days before or after the cruise at no additional cost for the flight change. A wide selection of hotels is available at various ports in Florida and the Caribbean.

Book early, cruise for less
Customers who book their Transat cruise package 120 days before departure save $300 per couple. As a bonus, those who book by August 31, 2019, enjoy the following perks: a reduced deposit of only $150 and a $50 future-travel voucher.

There’s still time to take advantage of the biggest Sun promo of the year 
With Transat’s Early Booking promotion, travellers can book their next fall and winter holidays now with a deposit of only $100. All they have to do is choose a Sun, Florida, Spain, Portugal or Duo package as well as a tour by June 30, 2019, for all departures between November 1, 2019, and April 30, 2020.
With a deposit of only $100 on any Transat Sun package, customers will get:

  • Transat’s Price-Drop Guarantee for all-inclusive packages (if the package is available at a lower price than the one paid, the difference will be refunded up to $400 per adult and $200 per child);
  • the option to change travel dates up to 21 days before departure;
  • an upgrade to Option Plus, valued at $109, for Luxury and Distinction collection packages; and
  • a $50 future travel voucher.

A contest! 
Anyone who has booked a Sun, Florida, Spain, Portugal or Duo package may be one of the five lucky winners who will be refunded the cost of their vacation package (up to a maximum value of $5,000).

Winter 2019-2020 – YQB enjoys more international flights to and from Québec City thanks to Air Transat

Provided by Aéroport de Québec/CNW

QUÉBEC CITY, June 6, 2019 /CNW Telbec/ – Québec City Jean Lesage International Airport (YQB) eagerly welcomes Air Transat’s decision to add more international flights to and from Québec City over the winter 2019–2020 period. The airline intends to offer more flights to Florida and Cuba and add more frequent flights between Québec City and Paris.

“We’re thrilled with Air Transat’s decision to offer more flights to France and to the sun destinations beloved by so many in Québec City,” stated Stéphane Poirier, President and CEO of YQB. “This decision is the result of close collaboration and is further evidence of Air Transat’s desire to not only serve the people of Québec City, but to bring more tourists to the area year-round. We, alongside Air Transat and the entire community, strongly believe that Québec City and its winter attractions have what it takes to charm tourists,” he added.

New winter 2019–2020 flights

DestinationDatesFrequencyDetails
Paris, FranceFrom December 192 flights per weekThese flights began in mid-February in 2018
Fort Lauderdale, United StatesFrom November 54 flights per week from November 5–December 17 and 5 flights per week thereafterOne additional flight per week for the entire season
Holguin, CubaFrom December 242 flights per weekOne additional flight per week

About Québec City Jean Lesage International Airport (YQB)
YQB is managed by Aéroport de Québec Inc., the private corporation responsible since November 1, 2000 for the management, operation, maintenance and development of Québec City Jean Lesage International Airport (YQB). Around a dozen carriers use YQB to offer connections to North America, Central America, the Caribbean, Mexico and Europe, and daily flights to the main hubs in eastern North America.

Recent awards:

  • 2019 – Best Environmental Practices – ACI-NA
  • 2019 and 2018 – Employee Recommended Workplace Awards, presented by Morneau Shepell and The Globe and Mail
  • 2018 and 2017 – Élixir PMI-Montréal award for outstanding management of the YQB 2018 project
  • 2018 – Airport Innovation & Excellence Award – Canadian Tourism Awards
  • 2018 – Excellence in Communication Practices – ACI-NA
  • 2018 – INOVA Award from the Urban Development Institute of Québec
  • 2018 – Level 2 Airport Carbon Accreditation certification
  • 2018 – Grands Prix du génie-conseil québécois – Mechanical and electrical building engineering
  • 2017 and 2015 – Priority Pass Lounge of the Year Awards – Best lounge in North America
  • 2017 – Boomerang Award – Website or application – Service of the Year award for the “YQB, Aéroport de Québec” mobile app
  • 2016 – Boomerang Award – Website or application – Service of the Year award for the “aeroportdequebec.com” website
  • 2016 – Priority Pass Lounge of the Year Awards – Highly Commended
  • 2013/2011/2010 – Best airport in North America in the 0 to 2 million passenger category, Airport Service Quality (ASQ)

PASSENGER FIRST®

Twitter: QuebecYQB
Facebook: facebook.com/aeroportdequebec 
Web: www.aeroportdequebec.com

SOURCE Aéroport de Québec

Air Transat announces the new features of its winter 2019-2020 flight program

Provided by Air Transat A.T. Inc/CNW

The carrier will add New Orleans, Louisiana, to its list of destinations and will serve Madrid and Malaga, Spain, year round

MONTREAL, June 6, 2019 /CNW Telbec/ – Air Transat today 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.

“Bringing our Airbus A321neoLRs into our fleet in winter 2019–2020 will give us greater flexibility, which will help us reinforce our leadership in Quebec, strengthen our presence in Ontario and return in force in the Canadian West,” says Annick Guérard, Chief Operating Officer, Transat. “We will therefore be adding new destinations out of Vancouver, including Fort Lauderdale, Florida, as well as Punta Cana, Dominican Republic, and Costa Rica,” she adds.

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, 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. 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.

Air Canada Provides Update on Exclusive Agreement with Transat A.T. Inc. to Pursue a Combination of the two Companies

Provided by Air Canada/CNW

Due diligence on binding agreement due to be completed by end of June

MONTREAL, June 4, 2019 /CNW Telbec/ – Air Canada today 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 presence and investment in Montreal and the Province of Quebec.

Air Canada is proud to have been named one of Montreal’s top employers for each of the last six years. Headquartered in Montreal since 1949, Air Canada maintains one of the largest global head offices in Quebec. Air Canada employs 36,000 employees globally, with close to 10,000 of those in the province of Quebec where it has created over 2,600 new jobs over the last five years.

Air Canada’s Executive Committee members (President and Chief Executive Officer, Chief Financial Officer, Chief Commercial Officer and Executive Vice-President, Operations) in addition to many other key members of the Executive Management team are all based in the Montreal Headquarters. 

 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. 

Transat A.T. Inc. Acknowledges Group Mach Inc.’s Press Release

Provided by Transat A.T. Inc/CNW

MONTRÉAL, June 4, 2019 /CNW Telbec/ – Transat A.T. Inc. (“Transat”) confirms that it has taken note of the press release issued earlier today by Group Mach Inc. regarding its expressed interest to privatize Transat.

Transat would like to reiterate that it has entered into an agreement with Air Canada, pursuant to which it has agreed to a 30-day binding period of exclusive negotiations, beginning upon the commencement of a formal due diligence review. During this exclusivity period it is contemplated that Air Canada will complete its due diligence review and the parties will finalize the negotiation of a definitive agreement regarding the acquisition of all of the shares of Transat. This exclusivity period expires towards the end of June 2019.

Transat does not intend to provide further updates or comments with respect to the foregoing except as required by law.

There is no assurance that a definitive agreement will be reached in relation to any proposed transaction.

The operations of Transat continue in their normal course and there will be no change for its clients, suppliers and employees. In particular, travellers and clients of Transat can continue to travel and book their flights and vacation packages with Transat as usual.