If the Air Canada purchase were successful, Air Transat would continue to operate as a separate brand. A May report by the Canadian Broadcasting Corporation stated, "regulatory approvals are no sure thing". Regulatory and governmental approval would be required for sale of Transat AT. 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. 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. An offer was subsequently made by the latter at C$13 per share and another company, Group Mach, proposed purchase at C$14. On, Transat AT, the company that owns Air Transat, announced it was in exclusive talks to be purchased by Air Canada. ![]() In January 2020, Forbes Canada named Air Transat in its list of best employers, to eighth place nationally. ![]() CBC uncovered a letter in which the airlines admitted that they would frequently divert for a technical stop to refuel. In May 2017, 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. 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 was unlikely to 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. Īlthough 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. The deal, which extends a 2010 winter capacity agreement, called 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. 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 airline has won many awards, including the 2012, 2018, and 2019 Skytrax World's Best Leisure Airline Awards. On February 13, 2011, Air Transat Flight TS163 operated with their first all-female flight crew from Cancun to Vancouver. This replaced an agreement with Calgary-based Westjet. Since, Transat Tours Canada has chartered CanJet's Boeing 737 aircraft flying from Canadian cities to various destinations. announced a five-year partnership with CanJet. It is a wholly owned subsidiary of Transat A.T. Six years later, Air Transat assumed defunct Nationair's maintenance base and aircraft. Īir Transat made its inaugural flight on November 14, 1987, travelling from Montreal to Acapulco. Legault left the company in 1997 with no forewarning after a dispute with business partners, who only found out after the fact. An Air Transat Airbus A310-300 at Manchester Airport in 2001įrançois Legault founded Air Transat with other business partners such as Jean-Marc Eustache, Philippe Sureau, Lina de Cesare, Yvon Lecavalier, and Pierre Ménard.
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