|Commenced operations||November 14, 1987|
|AOC #||Canada: 5311|
|Company slogan||Vacation is calling|
|Parent company||Transat A.T. Inc.|
|Headquarters||Montréal, Quebec, Canada|
|Revenue||CAN$3.6 billion (2015)|
|Net income||CAN$42.6 million (2015)|
|Total assets||CAN$1.5 billion (2015)|
Air Transat is the third-largestCanadian airline, based in Montreal, Quebec, operating scheduled and charter flights, serving 60 destinations in 25 countries. The airline is owned and operated by Transat A.T. Inc.
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. Today, the company books over 3.5 million passengers a year. It is a wholly owned subsidiary of Transat A.T. Inc.
Air Transat is now one of Canada's largest airlines, after Air Canada and WestJet. Air Transat has 5,000 employees. 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 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 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, calls 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. While it was unlikely that Air Transat would 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."
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.
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 that "regulatory approvals are no sure thing". If the Air Canada purchase is concluded, Air Transat would continue to operate as separate brand.
By mid August, Air Canada rose its proposition by nearly 40% to C$18 per share from C$13, valuing the acquisition C$720 million ($544 million), to obtain backing from Letko Brosseau, Transat AT's largest shareholder with 19% of the company. On 23 August, a 95% majority of Transat's voting shareholders approved the Air Canada proposal at C$18 ($13.53) per share, after the Quebec Administrative Court of Financial Markets rejected the rival bid from Groupe Mach on 12 August. The proposed transaction should be publicly assessed by Transport Canada until 2 May 2020, before the buyout closes.
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, Toronto Pearson International Airport and Vancouver International Airport. The airline also has operations at Calgary International Airport, Edmonton International Airport, Québec City Jean Lesage International Airport among others.
|Airbus A310-300||6||—||12||238||250||||To be replaced by Airbus A321LR.Final flight to take place on April 27, 2020|
|Airbus A321-200||5||—||8||182||190||||Club class on domestic flights only|
|Airbus A321LR||2||13||12||187||199||||Deliveries from 2019 to replace Airbus A310-300.|
|Airbus A321neo||—||2||TBA||Deliveries from 2020.|
|Airbus A330-200||16||—||12||333||345||||3 aircraft leased to Condor during peak winter seasons.|
|Boeing 737-800||5||—||10||179||189||||Club class on domestic flights only|
Air Transat has operated several other aircraft types in the past including the following:
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.
Media related to Air Transat at Wikimedia Commons