Accessibility, Special needs and Medical Equipment, Passengers travelling to/from United States: Customer Service Plan and Tarmac Delay Plan, Fraudulent phone calls and e-mail messages. There are no contests at the moment, come back soon! As part of the implementation of the revised arrangement agreement and the new loan facility, Transat has also been able to make certain amendments to its existing senior revolving term credit facility, including the temporary suspension of the application of certain financial ratios, providing Transat with additional flexibility in the context of the current business and economic environment. Cabo Verde Airlines Boeing 757-236 WL D4-CCF (msn 25808) IAD (Brian McDonough). ( Log Out /  Press the enter key to open the dropdown menu. In March, the Corporation decided to early retire all of its Airbus A310s from the fleet. Air Canada shares issuable under the option of payment in shares will be issued on the basis of a price of $17.47 per Air Canada share, translating into an exchange ratio of 0.2862 Air Canada share per Transat share. Lufthansa is considering to retire it’s entire Airbus A380 and Boeing 747-400 fleet. Discussions relating to the sale of the Corporation. Before you travel, it’s important that you check the entry requirements of your destination country. Subsequently, Management and the Board of Directors, agreed on a voluntary temporary reduction in their compensation ranging from 10% to 20%, which was in place until. Off-balance-sheet arrangements, excluding contracts with service providers, stood at $872.2 million as at October 31, 2020. Transat A.T. Inc. (the parent of Air Transat) made this announcement: Results reflecting the magnitude of the COVID-19 crisis Transaction with Air Canada submitted to shareholders and … To go ahead, the transaction with Air Canada will have to receive approval from the Governor in Council, on the Minister of Transport’s recommendation. Transat AT Inc.'s shareholders today approved the sale of the company to Air Canada for $5 per share. The decline in operating results was accentuated by special items totalling $96.7 million and the unfavourable settlement of fuel-related derivative contracts. In the current situation, it is impossible for the moment to predict the impact of the COVID-19 pandemic on future bookings, the partial resumption of flight operations and financial results. Image: 948003. To help you plan your trip, we’ve also assembled a practical guide full of travel tips and vital information on destination entry requirements. The Canadian leisure carrier, which is restarting its flights and tour operator activities on July 23, will only … As at October 31, 2020, there exists material uncertainty that may cast significant doubt on the Corporation’s ability to continue as a going concern. For incredible packages and deals on flights and hotel bookings, Canadians trust Air Transat. Visit Wagjag before your next flight for promotions and coupon codes … Image: 947004. We have put in place a $250.0 million short-term financing facility and are currently working on replacing it, should the transaction not take place, with an overall financing covering our needs for the year 2021. As at October 31, 2020, lease liabilities amounted to $853.9 million. The Corporation continues to monitor the situation daily to adjust these measures as it evolves. Finally, to give you more peace of mind when you travel, we’re now offering COVID-19 medical insurance at no extra cost. NAC-Northern Air Cargo Boeing 767-323 ER WL N379CX (msn 25199) MIA Ken Petersen). 0100 D-AOLH (msn 11265) ZRH (Andi Hiltl). The Governor in Council does not have a deadline for issuing a decision and there can be no assurance that the transaction with Air Canada will be approved before the outside date. Image: 941946. Published Tuesday, December 15, 2020 11:32AM EST MONTREAL - Transat AT Inc.'s shareholders today approved the sale of the company to Air Canada for $5 per share. The most recent version of Air Transat baggage policy (last updated 2020) is available on airline's official website by the link above. Change ), You are commenting using your Google account. An error has occurred; the feed is probably down. The Corporation has also been negotiating with its suppliers to benefit from cost reductions and changes in payment terms, and has implemented measures to reduce expenses and investments. Image: 946928. ... 14 October, 2020 - We currently offer flights to … (toll free), TTY for hearing impaired : Transaction with Air Canada submitted to shareholders and regulatory authorities Net loss attributable to shareholders amounted to $496.5 million or $13.15 per share, compared with $32.3 million or $0.86 per share for the previous year. Image: 948356. The competition authorities’ assessment process is currently complicated by the COVID 19 pandemic and the impact it is having on the international commercial aviation market. Transat A.T. Inc shareholders on Tuesday approved a discounted buyout offer from Air Canada, a spokesman for the Montreal-based tour operator said, sending Transat shares up more than … Image: 948358. Britannia Airways Boeing 757-204 G-BYAY (msn 28836) LGW (Antony J. A new direct flight to Faro, … Deposits from customers for future travel amounted to $608.9 million, compared with $561.4 million as at October 31, 2019, an increase of $47.5 million. Image: 100980. This exposes the Corporation to litigation and enforcement measures by legislative and regulatory authorities, including class action suits, which the Corporation intends to contest in good faith and with good reason. According to a press release seen by Simple Flying, a new arrangement agreement was signed on October 9th, 2020 at a price of $5.00 per share or 0.2862 Air Canada share for each Air … Change ), You are commenting using your Twitter account. Legault left the company in 1997 with no forewarning after a dispute with business partners, who only found out after the fact. Excluding non-operating items, Transat reported an adjusted net loss3 of $156.4 million ($4.14 per share) for the fourth quarter of 2020, compared with adjusted net income3 of $30.1 million ($0.80 per share) in 2019. As it is impossible to assess the pace of recovery or the possible evolution of the pandemic and its effects, the Corporation, similarly to the vast majority of air carriers and other travel industry players, is currently reviewing various opportunities to increase its cash flow. Alitalia (3rd) (Societa Aerea Italiana) Boeing 777-3Q8 ER EI-WLA (msn 35783) JFK (Robbie Shaw). This change was mainly attributable to the increase in the current portion of lease liabilities and the decrease in cash and cash equivalents. Airline Videos, Route Maps and Aircraft Slide Shows. Image: 946905. Should the transaction with Air Canada not be completed, the Corporation will have to put in place overall financing totalling approximately $500.0 million in 2021 to ensure continuity of operations. Since March, the Corporation has been renegotiating with aircraft lessors, as well as other lessors, to defer a number of monthly lease payments. On May 25, 2020, the European Commission decided to open an in-depth (“Phase II”) investigation to assess the transaction with Air Canada with regards to European Union antitrust regulations. Planning your trip. The global air transportation and tourism industry has faced a collapse in traffic and demand. Customer deposits as at October 31, 2020 included these travel credits amounting to $531.7 million, 43% of which was placed in trust, with the difference representing deposits made directly with Air Transat or foreign subsidiaries. The Corporation is monitoring the situation daily to adjust these measures as it evolves. Subsequently, the Corporation implemented reduced summer and winter programs and is continuously making adjustments based on the level of demand and decisions made by health and state authorities. However, until the Corporation is able to resume operations at a sufficient level, the COVID-19 pandemic will have significant negative impacts on its revenues, cash flows from operations and operating results. Previously announced by the airline, the … TTY for hearing impaired: On March 27, 2020, the Commissioner of Competition released his advisory report to the Minister of Transport further to the Minister’s determination that the proposed arrangement raises issues with respect to the public interest regarding national transportation. Please see the Risks and Uncertainties section of the Corporation’s MD&A for the year ended October 31, 2020 for a more detailed discussion of the main risks and uncertainties facing the Corporation. Midwest Connect-SkyWest Airlines Bombardier CRJ200 (CL-600-2B19) N498CA (msn 7792) CLE (Angelo Ballachino). PSA (Pacific Southwest Airlines) McDonnell Douglas DC-9-81 (MD-81) N934PS (msn 48042) SJC (Bruce Drum). ... July 23, 2020 … The Air Transat App for Apple and Android mobile devices provides you with useful tools throughout your trip. We currently offer flights to Europe, the South and within Canada, as well as packages to the South and Europe. Rabais et codes promos Air Transat - 5 décembre 2020 50% -Promotion Economisez jusqu'à -50% avec les aubaines de dernière minute Voir le rabais. Sunworld International Airways (1st) McDonnell Douglas DC-9-31 N741L (msn 47418) TUS (Robert Drum). It is now possible to book your Air Transat flight in USD! Jazeera Airways Airbus A320-251N WL 9K-CBB (msn 9002) LGW (Antony J. Airline Photo Galleries and Aircraft Slide Shows, From KOMO News: Report raises new questions about structural integrity of Boeing 787 Dreamliner https://komonews.com/news/local/report-raises-new-questions-about-structural-integrity-of-boeing-787-dreamliner, From Air Live. The European Commission released on September 28, 2020 a statement of objections to the arrangement. MONTREAL, Dec. 15, 2020 /CNW Telbec/ - Transat A.T. Inc. ("Transat") is pleased to announce that, at the special meeting of its shareholders (the "Shareholders") held today (the … Try again later. Discover our … Transat A.T. Inc. (the parent of Air Transat) made this announcement: Results reflecting the magnitude of the COVID-19 crisis Image: 105379. Air Canada’s offer has been endorsed by Transat’s board of directors but must also be approved by a two-thirds majority vote by Transat’s shareholders at a special meeting set for Dec. 15. Notably, a public interest assessment of the arrangement regarding national transportation is being undertaken by the Canadian authorities. Transat Tours Canada Inc., doing business as Transat, is a licence holder in Quebec Reg #754241, Ontario Reg #50009485 / 50009486 and British Columbia Reg #2454, with offices at 300 Léo-Pariseau, … Image: 946919. Aero Continente (Chile) Boeing 767-2Q8 ER CC-CJR (msn 24448) MIA (Bruce Drum). The impact of the pandemic annihilated a very good start to the fiscal year, as the adjusted operating income1 up to the beginning of March was up $63.3 million compared with 2019, due to a significant improvement in the profitability of the sun destinations program, our main program during the winter season. François Legault founded Air Transat with other business partners such as Jean-Marc Eustache, Philippe Sureau, Lina de Cesare, Yvon Lecavalier, and Pierre Ménard. An Air Transat plane is seen as an Air Canada plane lands at Pierre Elliott Trudeau International Airport in Montreal on Thursday, May 16, 2019. Air Transat in the last few days further revised planned operation for summer 2020 season, as the airline completed schedule and aircraft update. Magma Aviation – Air Atlanta Icelandic Boeing 747-481 (F) TF-AMP (msn 24801) HHN (Rainer Bexten). Consequently, for the time being, the Corporation is providing no outlook for winter 2021. Does the thought of going on vacation fill you with joy? Management is seeking to secure the financing that would be required prior to the maturity of the new short-term subordinated credit facility (to date, March 31, 2021) and is currently in discussions with potential lenders, including government authorities. Then why not enter our online contests for a chance to win trips, roundtrip flights and cruise packages to the South, Europe, the United States and Canada! Image: 946910. Image: 948273. Transat is extending its Book with peace of mind offer, applicable to all new flight bookings, until August 31, 2020. Air Transat and an Air Canada aircrafts are seen on the tarmac at Montreal-Trudeau International Airport in Montreal, on April 8, 2020. read MONTREAL - Nearly two dozen Transat A.T. … Delta Air Lines Airbus A220-100 (CS100 BD-500-1A10) N105DU (msn 50024) SEA (Michael B. Ing). Image: 948548. +1-514-906-5196 Transat reported an adjusted operating loss1 of $90.7 million compared with adjusted operating income1 of $97.5 million in 2019, a deterioration of $188.3 million. Following the resumption of airline operations, the Corporation was able to recall a certain number of employees, thereby adjusting its workforce to 25% of its pre-pandemic level. Book your direct flights to Toronto, Vancouver, Calgary, Montreal and more. Looking for a complete airline directory? As at October 31, 2020, cash and cash equivalents totaled $426.4 million, compared with $564.8 million as at October 31, 2019. Closing of the transaction with Air Canada is subject to customary closing conditions, including regulatory approvals, particularly those of authorities in Canada and the European Union. The Corporation has also reduced its investment expenditures where possible without jeopardizing its future development. Transat 2020 contests . This change was mainly attributable to a significant decrease in profitability, the acquisition of one replacement engine for the A321neo LR fleet ($16.6 million), partially offset by the $50.0 million drawdown on the revolving credit facility agreement. In particular, the Corporation has put in place a new $250.0 million subordinated short-term credit facility while continuing discussions with its financiers and the various levels of government to improve its cash flow. Image: 902983. go! Air Canada making more cuts across Atlantic Canada – Dec 8, 2020 Transat had been preparing for an uncertain future, taking steps this year to preserve cash amid a huge decline in …