read MONTREAL - Nearly two dozen Transat A.T. … Airline Videos, Route Maps and Aircraft Slide Shows. Air Malta (2nd) (JAT) Boeing 727-2H9 YU-AKL (msn 22666) ZRH (Rolf Wallner). Image: 948143. Azur Air Boeing 777-31H ER VQ-BZD (msn 32713) AYT (Andi Hiltl). Please log in using one of these methods to post your comment: You are commenting using your WordPress.com account. Transat AT Inc.'s shareholders today approved the sale of the company to Air Canada for $5 per share. Does the thought of going on vacation fill you with joy? As a result of the above factors, the Corporation experienced a significant deterioration in its performance for the year ended October 31, 2020. Alitalia (3rd) (Societa Aerea Italiana) Boeing 777-3Q8 ER EI-WLA (msn 35783) JFK (Robbie Shaw). 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. 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. Image: 948003. Transat investors voted 91% in favor of the revised C$5-per-share bid, which includes the option to take Air Canada shares instead of cash. This site uses Akismet to reduce spam. Image: 105379. Skybus Airlines (3rd) Airbus A319-112 N553SX (msn 3171) BUR (Michael B. Ing). The Corporation cannot predict all the impacts of COVID-19 on its operations and results, or precisely when the situation will improve. 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. Traveller Care. The Corporation suspended all of its flights during nearly four months before resuming operations on July 23 and maintaining flights during the entire quarter on a reduced scale. 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Use our search engine above for options. 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. Air Commerce Sarajevo (JAT) Boeing 727-2H9 YU-AKE (msn 21037) ZRH (Rolf Wallner). Does the thought of going on vacation fill you with joy? The Corporation has also reduced its investment expenditures where possible without jeopardizing its future development. The special items include impairment charges totalling $86.7 million, comprising $50.8 million for assets related to leased aircraft that will no longer be used until they are returned to the lessors, $32.8 million for the land in Mexico and $3.1 million for the investment in a joint venture. The Canadian leisure carrier, which is restarting its flights and tour operator activities on July 23, will only … With 1406 airlines in the database, … Since March, the Corporation has been renegotiating with aircraft lessors, as well as other lessors, to defer a number of monthly lease payments. Transaction with Air Canada submitted to shareholders and regulatory authorities 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. The upcoming completion of the transaction with Air Canada should give us the solidity to face the crisis and capitalize on the recovery that should be sparked by the arrival of a vaccine. The airline will offer 95 direct weekly flights from Toronto to Europe, South and the United States. This financing could also be obtained as part of a support program for the industry, as announced by the government.” stated Mr. Eustache. Transat provides a simple and safe travel experience at every step. Off-balance-sheet arrangements, excluding contracts with service providers, stood at $872.2 million as at October 31, 2020. Just Us Air Airbus A321-231 YR-NTS (msn 1153) PMI (Javier Rodriguez). Finally, to give you more peace of mind when you travel, we’re now offering COVID-19 medical insurance at no extra cost. As at October 31, 2020, lease liabilities amounted to $853.9 million. 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. 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! Air Transat aircrafts are seen on the tarmac at Montreal-Trudeau International Airport in Montreal, on Wednesday, April 8, 2020. 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. While the likelihood of the availability of a vaccine in the near future makes it possible to hope for the resumption of operations at a certain level during 2021, the Corporation does not expect such level to reach the pre-pandemic level before 2023. 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. 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. The most recent version of Air Transat baggage policy (last updated 2020) is available on airline's official website by the link above. Image: 948019. PSA (Pacific Southwest Airlines) McDonnell Douglas DC-9-81 (MD-81) N934PS (msn 48042) SJC (Bruce Drum). Discover our … Air Canada retains discretion to determine the extent of the remedies it is prepared to offer (beyond those that it is required to offer under the Arrangement Agreement). Click here for our frequently asked questions about COVID-19. 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 … Change ), You are commenting using your Facebook account. The Air Transat App for Apple and Android mobile devices provides you with useful tools throughout your trip. 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. Tibet Airlines Airbus A319-115 WL B-6451 (msn 5855) TSN (Michael B. Ing). 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. Sundair Airbus A320-214 D-ASMR (msn 2619) AYT (Andi Hiltl). For more information and/or to change your current cookie settings, please refer to our Cookies Policy. The European Commission released on September 28, 2020 a statement of objections to the arrangement. The amended terms and conditions also include a new requirement to maintain certain minimum levels of unrestricted cash as well as restrictions on the capacity to contract additional loans. The provisional deadline by which the Commission must render its decision is now February 9, 2021. Note 2 to the consolidated financial statements contains more details on this issue. Looking for a complete airline directory? Best). Visit Wagjag before your next flight for promotions and coupon codes … 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, … To address the concerns raised by COVID-19 and to ensure your safety and that of our employees, we created Traveller Care, a program featuring new health and safety measures. Rabais et codes promos Air Transat - 5 décembre 2020 50% -Promotion Economisez jusqu'à -50% avec les aubaines de dernière minute Voir le rabais. For incredible packages and deals on flights and hotel bookings, Canadians trust Air Transat. Image: 946910. Framable Prints and Posters. Image: 948273. NAC-Northern Air Cargo Boeing 767-323 ER WL N379CX (msn 25199) MIA Ken Petersen). Image: 103289. Our flight schedule may change, depending on changes in travel restrictions and demand. Press the enter key to open the dropdown menu. Image: 947004. West Atlantic Cargo Airlines (UK) Boeing 737-83N WL BCF G-NPTB (msn 32609) LGG (Ton Jochems). The Montreal-based tour operator's shareholders voted in a virtual meeting on … 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. 1-866-234-5136 TTY for hearing impaired: United Airlines Boeing 737-824 SSWL N36272 (msn 31590) (Star Wars – The Rise of Skywalker) SNA (Michael B. Ing). Air Canada slashed the purchase price for tour operator Transat AT Inc. to almost a quarter of its earlier offer, citing the impact of the Covid-19 outbreak on the air transport industry. Image: 946950. The special items also include additional provisions for return conditions of $6.4 million for leased aircraft that will no longer be used until they are returned to the lessors, professional fees and reversal of compensation expenses of $2.7 million related to the transaction with Air Canada and termination benefits of $0.9 million. Air Transat has confirmed it is suspending operations to Zagreb for the 2020 summer season. Find details about our flights and the temporary suspension of certain routes here. Jazeera Airways Airbus A320-251N WL 9K-CBB (msn 9002) LGW (Antony J. Image: 947945. 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 … By continuing to use this site, you agree to the cookies used, for example, to improve your browsing experience and to personalize the content of the Website. Image: 946349. The Corporation has taken the following measures regarding the COVID-19 pandemic: Since mid-March, restrictions on international travel and government-imposed quarantine measures have made travel sales very difficult. 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. 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. Change ), You are commenting using your Google account. Aero Continente (Chile) Boeing 767-2Q8 ER CC-CJR (msn 24448) MIA (Bruce Drum). So that you can book with confidence, we’re offering more flexibility to change or cancel your flight or package. Among other things, the vast majority of North American, European and international air carriers have requested financial assistance measures, but have had to implement reductions in capacity (as the Corporation did). 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. There are no contests at the moment, come back soon! ... July 23, 2020 … Transat executives take a hit from reduced value of sale to Air Canada: proxy By The Canadian Press Mon., Nov. 16, 2020 timer 1 min. Transat is extending its Book with peace of mind offer, applicable to all new flight bookings, until August 31, 2020. 40% -Promotion Voyage dernière minute au Mexique : … 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. The outcome was announced less than two … (toll free), TTY for hearing impaired : “During the year, we took all necessary actions to limit the damage and preserve our cash. Image: 944176. 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. Planning your trip. François Legault founded Air Transat with other business partners such as Jean-Marc Eustache, Philippe Sureau, Lina de Cesare, Yvon Lecavalier, and Pierre Ménard. If Air Canada does not come to an agreement with the regulatory authorities and obtain the required approvals before the outside date of February 15, 2021, the arrangement agreement may be terminated in accordance with its terms. ... 14 October, 2020 - We currently offer flights to … As of November 21, all travellers flying to Canada must submit their COVID-related information digitally via the ArriveCAN app or website before their departure to Canada. The deterioration in our operating results was mainly attributable to a decline in revenues that was greater than the decrease in operating expenses. The decline in operating results was accentuated by special items totalling $96.7 million and the unfavourable settlement of fuel-related derivative contracts. The Corporation has implemented a series of operational, commercial and financial measures, including cost reduction, aimed at preserving its cash. 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. Star East Airlines Airbus A320-231 YR-SEA (msn 357) AYT (Ton Jochems).