MIAMI – Air Transat (TS) presents its 2020 summer flight schedule for Ontario. This financing could also be obtained as part of a support program for the industry, as announced by the government.” stated Mr. Eustache. Paul Chiasson/The Canadian Press. Flights to Canada at the best price with Air Transat, World’s Best Leisure Airline. THE CANADIAN PRESS/Paul Chiasson CALGARY (660 NEWS) … 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. Image: 946916. The outcome was announced less than two … NAC-Northern Air Cargo Boeing 767-323 ER WL N379CX (msn 25199) MIA Ken Petersen). Aero Continente (Chile) Boeing 767-2Q8 ER CC-CJR (msn 24448) MIA (Bruce Drum). On May 1, 2020, Transport Canada in turn provided its assessment report to the Minister of Transport. It has also assembled a new comprehensive practical guide full of tips to help travelers prepare for their trips and travel with peace of mind. 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. 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As a result, the Corporation recognized revenues of $28.4 million during the quarter, a decrease of $664.8 million (95.9%) compared with 2019. 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. As at October 31, 2020, cash and cash equivalents totaled $426.4 million, compared with $564.8 million as at October 31, 2019. Discover our … (iflygo.com) (Mesa Air Group) Bombardier CRJ200 (CL-600-2B19) N407SW (msn 7034) LAX (Ron Monroe). Book your direct flights to Toronto, Vancouver, Calgary, Montreal and more. The transition to Phase II is part of the European Commission’s normal process of assessing the impact of transactions submitted for its approval when it is concerned that a transaction may effectively reduce competition. Off-balance-sheet arrangements, excluding contracts with service providers, stood at $872.2 million as at October 31, 2020. The European Commission released on September 28, 2020 a statement of objections to the arrangement. Change ). Star East Airlines Airbus A320-231 YR-SEA (msn 357) AYT (Ton Jochems). Image: 948003. Air Malta (2nd) (JAT) Boeing 727-2H9 YU-AKL (msn 22666) ZRH (Rolf Wallner). The Corporation continues to monitor the situation daily to adjust these measures as it evolves. 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. Does the thought of going on vacation fill you with joy? Transat provides a simple and safe travel experience at every step. Ethiopian Airlines Boeing 777-360 ER ET-ASL (msn 44551) BRU (Ton Jochems). Lufthansa is considering to retire it’s entire Airbus A380 and Boeing 747-400 fleet. 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. ... July 23, 2020 … Try again later. 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. Britannia Airways Boeing 757-204 G-BYAY (msn 28836) LGW (Antony J. Image: 948273. 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. Image: 902983. go! ( Log Out /  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. Roots Air (Skyservice) Airbus A320-232 C-FRAA (msn 1411) YYZ (TMK Photography). 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. Note 2 to the consolidated financial statements contains more details on this issue. 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. A new direct flight to Faro, … 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. Failure to do so may result in a fine. 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. In March, the Corporation decided to early retire all of its Airbus A310s from the fleet. Air Transat has confirmed it is suspending operations to Zagreb for the 2020 summer season. Our flight schedule may change, depending on changes in travel restrictions and demand. 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. Image: 946349. The Corporation cannot predict all the impacts of COVID-19 on its operations and results, or precisely when the situation will improve. Due to COVID-19, some services and inclusions (at the airport, on board or at destination) may be reduced or unavailable. 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 … 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. Image: 947004. Press the enter key to open the dropdown menu. Traveller Care. For incredible packages and deals on flights and hotel bookings, Canadians trust Air Transat. The current selection is Canada (CAD) - English, Dropdown Menu : Press the enter key to show the sub-menu. Image: 948143. 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. 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. 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. Your Central Hub for the Latest News and Photos powered by AirlinersGallery.com Images. 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. 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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. 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! Learn how your comment data is processed. read MONTREAL - Nearly two dozen Transat A.T. … “Our results reflect COVID-19’s devastating impact across the travel industry,” stated Jean-Marc Eustache, President and Chief Executive Officer of Transat. Image: 947865. Image: 946950. Image: 946919. This site uses Akismet to reduce spam. 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. Image: 943157. Does the thought of going on vacation fill you with joy? The airline will offer 95 direct weekly flights from Toronto to Europe, South and the United States. The hotel development strategy and related objectives are affected by the arrangement as the Corporation has agreed to limit its commitments and expenses related to the execution of its hotel strategy in the period leading up to the closing of the arrangement. This offer allows passengers to change their travel dates or destination—or both—at no … Best). 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 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. for approval and expected on February 15, 2021. SalamAir Airbus A320-251N F-WWDM (A40-OVI) (msn 9197) TLS (Paul Bannwarth). Image: 951037. Skybus Airlines (3rd) Airbus A319-112 N553SX (msn 3171) BUR (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. This context could impact the obtaining of approvals from regulatory authorities, especially regarding the appropriate package of remedies aimed at obtaining those approvals. Framable Prints and Posters. Image: 948358. 1 The average fleet age is based on our own calculations and … This change was mainly attributable to the increase in the current portion of lease liabilities and the decrease in cash and cash equivalents. Azur Air Boeing 777-31H ER VQ-BZD (msn 32713) AYT (Andi Hiltl). 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. Then why not enter our online contests for a chance to win trips, roundtrip flights and cruise packages to the South, Europe, … Transat A.T. Inc. (the parent of Air Transat) made this announcement: Results reflecting the magnitude of the COVID-19 crisis 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. Use our search engine above for options. The revised arrangement agreement terminates and replaces the original arrangement agreement between Transat and Air Canada dated June 27, 2019, as subsequently amended on August 11, 2019. Please log in using one of these methods to post your comment: You are commenting using your WordPress.com account. Following the adoption of the IFRS 16 accounting standard, leases with terms of more than 12 months are now recorded as right-of-use under assets and as lease liabilities under liabilities. Visit Wagjag before your next flight for promotions and coupon codes … ( Log Out /  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. Midwest Connect-SkyWest Airlines Bombardier CRJ200 (CL-600-2B19) N498CA (msn 7792) CLE (Angelo Ballachino). Transat AT Inc.'s shareholders today approved the sale of the company to Air Canada for $5 per share. Disclaimer. The Montreal-based tour operator's shareholders voted in a virtual meeting on … Image: 946910. 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. Since March, the Corporation has been renegotiating with aircraft lessors, as well as other lessors, to defer a number of monthly lease payments. Sunworld International Airways (1st) McDonnell Douglas DC-9-31 N741L (msn 47418) TUS (Robert Drum). mid 2019, Canadian North and Air Greenland announce Letter of Intent, committing to explore opportunities to improve connectivity between Greenland and Canada, Air Canada latest to forewarn more cash burn; looks to raise $850M, Air Canada Announces Amos Kazzaz as Executive Vice President and Chief Financial Officer, Transat’s Shareholders Overwhelmingly Approve the Arrangement with Air Canada, Air Canada Aeroplan points for Wi-Fi on board, Air Canada Wins Prestigious Honours and Awards Across Business Segments, including Customer Service, Employee Engagement, Social Responsibility and Innovation, and Investor Relations Leadership, Flair Airlines Introduces COVID Coverage and Ensures Customers Receive Refunds for Cancelled Flights, Transat Clarifies Situation About Competing Proposals, Lack of Canadian airline support ‘an area of disappointment’: Airbus CEO, Hawaiian Airlines Announces Four New Routes, Weather (United States – National Weather Service), Austral Argentina (Austral Lineas Aereas), CCA-Central Charter Airlines (Czech Republic), Pacific Blue Airlines (flypacificblue.com), SEAA-Serviços Executivos Aéreos de Angola, Sociedad de Servicios Aéreos y Marítimos Archipiélagos, Efforts under way to secure financing to cover needs estimated at, Shareholder approval sought at the meeting of, If the required regulatory approvals are obtained and the conditions are met, the arrangement is expected to close prior to. Found 5 Air Transat Canada promo codes & deals for Airtransat.com/en-CA - Nov 2020 Air Transat is Canada's number one airline that offers cheap flights with the best service for your next trip. TTY for hearing impaired: Image: 948548. Delta Air Lines Airbus A220-100 (CS100 BD-500-1A10) N105DU (msn 50024) SEA (Michael B. Ing). Rabais et codes promos Air Transat - 5 décembre 2020 50% -Promotion Economisez jusqu'à -50% avec les aubaines de dernière minute Voir le rabais. Image: 946905. 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. (long distance charges may apply), IMPORTANT: Mandatory before any flight to Canada, Entry requirements of your destination country and information on our operations, Select your language. Image: 103289. 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. (toll free), TTY for hearing impaired : November 18, 2020 - ... Book your Air Transat flight in USD. Air Transat aircrafts are seen on the tarmac at Montreal-Trudeau International Airport in Montreal, on Wednesday, April 8, 2020. The decline in operating results was accentuated by special items totalling $96.7 million and the unfavourable settlement of fuel-related derivative contracts. 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. In March, as a precautionary measure, the Corporation drew down on its. 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. Airline Videos, Route Maps and Aircraft Slide Shows. Consequently, for the time being, the Corporation is providing no outlook for winter 2021. Cabo Verde Airlines Boeing 757-236 WL D4-CCF (msn 25808) IAD (Brian McDonough). PSA (Pacific Southwest Airlines) McDonnell Douglas DC-9-81 (MD-81) N934PS (msn 48042) SJC (Bruce Drum). S7 Airlines (Siberia Airlines) Airbus A321-271N WL VQ-BGU (msn 8620) AYT (Andi Hiltl). The most recent version of Air Transat baggage policy (last updated 2020) is available on airline's official website by the link above. Air Transat and an Air Canada aircrafts are seen on the tarmac at Montreal-Trudeau International Airport in Montreal, on April 8, 2020. Image: 952095. Looking for a complete airline directory? Just Us Air Airbus A321-231 YR-NTS (msn 1153) PMI (Javier Rodriguez). Discussions relating to the sale of the Corporation. 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 … Despite the fall in revenues and the cost reduction measures implemented to deal with the COVID-19 pandemic, the Corporation was obliged to maintain certain fixed costs. Air Commerce Sarajevo (JAT) Boeing 727-2H9 YU-AKE (msn 21037) ZRH (Rolf Wallner). 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 … 40% -Promotion Voyage dernière minute au Mexique : … Image: 105379. 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. Air Transat in recent weeks further revised planned operation for the month of September and October 2020, as the airline continues to downsizes operation due to various travel restrictions, based on comparison to the airline’s initial schedule filing in June… Operations generated an operating loss of $239.3 million compared with operating income of $37.1 million in 2019, a deterioration of $276.4 million. Travel restrictions, uncertainty about when borders will reopen, both in Canada and at certain destinations the Corporation flies to, the imposition of quarantine measures both in Canada and other countries, as well as concerns related to the pandemic and its economic impacts are creating significant demand uncertainty, at least for fiscal 2021.