Delta Air Lines Airbus A220-100 (CS100 BD-500-1A10) N105DU (msn 50024) SEA (Michael B. Ing). Image: 946905. MIAMI – Air Transat (TS) presents its 2020 summer flight schedule for Ontario. Transat AT Inc.'s shareholders today approved the sale of the company to Air Canada for $5 per share. As at October 31, 2020, cash and cash equivalents totaled $426.4 million, compared with $564.8 million as at October 31, 2019. Air Transat has confirmed it is suspending operations to Zagreb for the 2020 summer season. Roots Air (Skyservice) Airbus A320-232 C-FRAA (msn 1411) YYZ (TMK Photography). ( Log Out / The working-capital ratio was 0.84, compared with 1.13 as at October 31, 2019. In response to the first wave of the pandemic, the Corporation temporarily suspended its airline operations from April 1 to July 22, 2020. Air Commerce Sarajevo (JAT) Boeing 727-2H9 YU-AKE (msn 21037) ZRH (Rolf Wallner). We currently offer flights to Europe, the South and within Canada, as well as packages to the South and Europe. (iflygo.com) (Mesa Air Group) Bombardier CRJ200 (CL-600-2B19) N407SW (msn 7034) LAX (Ron Monroe). 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. Star East Airlines Airbus A320-231 YR-SEA (msn 357) AYT (Ton Jochems). 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 … Best). Discover our … 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. The Corporation is monitoring the situation daily to adjust these measures as it evolves. 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. This financing could also be obtained as part of a support program for the industry, as announced by the government.” stated Mr. Eustache. Previously announced by the airline, the … Rabais et codes promos Air Transat - 5 décembre 2020 50% -Promotion Economisez jusqu'à -50% avec les aubaines de dernière minute Voir le rabais. Your Central Hub for the Latest News and Photos powered by AirlinersGallery.com Images. 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 … 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. Britannia Airways Boeing 757-204 G-BYAY (msn 28836) LGW (Antony J. ( Log Out / Transat A.T. Inc., one of the largest integrated tourism companies in the world and Canada’s holiday travel leader, announced its results for the fourth quarter and fiscal year ended October 31, 2020. The current selection is Canada (CAD) - English, Dropdown Menu : Press the enter key to show the sub-menu. 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. Visit Wagjag before your next flight for promotions and coupon codes … Before you travel, it’s important that you check the entry requirements of your destination country. Image: 948356. (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. ... July 23, 2020 … Press the enter key to open the dropdown menu. Flights to Canada at the best price with Air Transat, World’s Best Leisure Airline. In order to protect its cash position and allow recovery after the restrictions have been lifted, the Corporation granted its customers a fully transferable travel credit valid without expiry date for flights and packages cancelled due to the exceptional situation and, in particular, to the travel restrictions imposed by governments. To this end, it has launched its Traveller Care program regarding health measures, which are regularly updated in compliance with recommendations issued by regulatory authorities. 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 change was mainly attributable to the increase in the current portion of lease liabilities and the decrease in cash and cash equivalents. As at October 31, 2020, lease liabilities amounted to $853.9 million. Image: 948548. Cabo Verde Airlines Boeing 757-236 WL D4-CCF (msn 25808) IAD (Brian McDonough). 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. 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. As a result of this sudden, unpredictable and unprecedented health crisis and the resulting travel restrictions, the Corporation decided, like other Canadian carriers, to issue travel credits for cancelled trips. Image: 941946. 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. 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. NAC-Northern Air Cargo Boeing 767-323 ER WL N379CX (msn 25199) MIA Ken Petersen). The decline in operating results was accentuated by special items totalling $96.7 million and the unfavourable settlement of fuel-related derivative contracts. 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. The global air transportation and tourism industry has faced a collapse in traffic and demand. November 18, 2020 - ... Book your Air Transat flight in USD. 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. Image: 944176. 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. 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. 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. AirlinersGallery.com Photostream on Facebook, McDonnell Douglas MD-80 (DC-9-81 – DC-9-87, MD-88), Norwegian Air Argentina - Developments from May 2018 to purchase by Jetsmart Argentina in late 2019, LATAM Argentina suspended operations indefinitely (announced 17Jun20), HISTORICAL INTEREST: Three F-28's that flew with the Armada Argentina (Argentine Navy), ROUTE UPDATES: Aerolineas adds more domestic flights out of EZE and American is flying daily EZE-MIA, HISTORICAL INTEREST: Three F-28's that flew with the FAA as VIP+Presidential Transports, HISTORICAL INTEREST: Five Fuerza Aerea Argentina F-28's that flew as Military Transports / LADE, ROUTE UPDATES: Regularly-scheduled domestic flights resumed in Argentina on 22Oct20 after a seven month suspension, FLEET UPDATE: Fuerza Aerea Argentina continues to operate one F-28, TC-52 (c/n 11074), HISTORICAL INTEREST: Fuerza Aerea Argentina / LADE retired F-27 fleet in September 2016 after nearly 40 years in service, ROUTE UPDATE: KLM replaced 777-300 with 787-9 on Amsterdam (AMS) - Buenos Aires Ezeiza (EZE) - Santiago (SCL) route in approx. 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. ( Log Out / It is now possible to book your Air Transat flight in USD! So that you can book with confidence, we’re offering more flexibility to change or cancel your flight or package. As a result of the above factors, the Corporation experienced a significant deterioration in its performance for the year ended October 31, 2020. Due to COVID-19, some services and inclusions (at the airport, on board or at destination) may be reduced or unavailable. Image: 948143. There are no contests at the moment, come back soon! Image: 948273. 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, … 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. Change ), You are commenting using your Facebook account. Image: 944466. This context could impact the obtaining of approvals from regulatory authorities, especially regarding the appropriate package of remedies aimed at obtaining those approvals. ... 14 October, 2020 - We currently offer flights to … The Air Transat App for Apple and Android mobile devices provides you with useful tools throughout your trip. 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. Such financing, put in place if necessary after postponing the maturity of the new short-term subordinated credit facility, could be provided through an application for the Large Employer Emergency Financing Facility (LEEFF) or through any government assistance program, including sector-specific assistance that could include loans and possibly other types of support announced by the Minister of Transport of Canada. PSA (Pacific Southwest Airlines) McDonnell Douglas DC-9-81 (MD-81) N934PS (msn 48042) SJC (Bruce Drum). Transaction with Air Canada submitted to shareholders and regulatory authorities The most recent version of Air Transat baggage policy (last updated 2020) is available on airline's official website by the link above. (toll free), TTY for hearing impaired : Disclaimer. The transaction will be subject to shareholder approval, including approval by at least two thirds of votes cast by the shareholders present in person or represented by proxy at the special meeting of shareholders to be held on December 15, 2020 to approve the transaction. Image: 946928. Does the thought of going on vacation fill you with joy? Image: 100980. Image: 946916. SalamAir Airbus A320-251N F-WWDM (A40-OVI) (msn 9197) TLS (Paul Bannwarth). 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. Legault left the company in 1997 with no forewarning after a dispute with business partners, who only found out after the fact. 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. Change ). Magma Aviation – Air Atlanta Icelandic Boeing 747-481 (F) TF-AMP (msn 24801) HHN (Rainer Bexten). 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. Ethiopian Airlines Boeing 777-360 ER ET-ASL (msn 44551) BRU (Ton Jochems). The Canadian leisure carrier, which is restarting its flights and tour operator activities on July 23, will only … Notably, a public interest assessment of the arrangement regarding national transportation is being undertaken by the Canadian authorities. Planning your trip. S7 Airlines (Siberia Airlines) Airbus A321-271N WL VQ-BGU (msn 8620) AYT (Andi Hiltl). Change ), You are commenting using your Google account. Image: 951041. 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. The Corporation has implemented a series of operational, commercial and financial measures, including cost reduction, aimed at preserving its cash. Traveller Care. Then why not enter our online contests for a chance to win trips, roundtrip flights and cruise packages to the South, Europe, … The Corporation cannot predict all the impacts of COVID-19 on its operations and results, or precisely when the situation will improve. Image: 947004. Image: 948019. Transat reported adjusted operating loss1 of $122.2 million compared with adjusted operating income1 of $192.4 million in 2019, a deterioration of $314.6 million. 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. Since March, the Corporation has been renegotiating with aircraft lessors, as well as other lessors, to defer a number of monthly lease payments. An error has occurred; the feed is probably down. Image: 952095. The outcome was announced less than two … Image: 946910. 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. The Corporation has also reduced its investment expenditures where possible without jeopardizing its future development. Does the thought of going on vacation fill you with joy? 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. Book your direct flights to Toronto, Vancouver, Calgary, Montreal and more. Image: 947945. Image: 948358. Sundair Airbus A320-214 D-ASMR (msn 2619) AYT (Andi Hiltl). West Atlantic Cargo Airlines (UK) Boeing 737-83N WL BCF G-NPTB (msn 32609) LGG (Ton Jochems). The Corporation continues to monitor the situation daily to adjust these measures as it evolves. For incredible packages and deals on flights and hotel bookings, Canadians trust Air Transat. Air Transat and an Air Canada aircrafts are seen on the tarmac at Montreal-Trudeau International Airport in Montreal, on April 8, 2020. 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. Use our search engine above for options. Finally, to give you more peace of mind when you travel, we’re now offering COVID-19 medical insurance at no extra cost. 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. To help you plan your trip, we’ve also assembled a practical guide full of travel tips and vital information on destination entry requirements. 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. 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. 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. 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. 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. Aer Lingus Airbus A330-302 EI-EDY (msn 1025) JFK (Robbie Shaw). 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. 1 The average fleet age is based on our own calculations and … The airline will offer 95 direct weekly flights from Toronto to Europe, South and the United States. Image: 948198. Failure to do so may result in a fine. 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. Before non-operating items, Transat reported an adjusted net loss3 of $355.3 million ($9.41 per share) for fiscal 2020, compared with $9.4 million ($0.25 per share) in 2019. 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. “Our results reflect COVID-19’s devastating impact across the travel industry,” stated Jean-Marc Eustache, President and Chief Executive Officer of Transat. Nordwind Airlines Boeing 777-2Q8 ER VP-BJG (msn 32718) AYT (Andi Hiltl). 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 … 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). Transat 2020 contests . 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. As of the end of March, the Corporation proceeded with the gradual temporary layoff of a large part of its personnel, reaching approximately 85% at the height of the crisis. Azur Air Boeing 777-31H ER VQ-BZD (msn 32713) AYT (Andi Hiltl). Airline Videos, Route Maps and Aircraft Slide Shows. Change ), You are commenting using your Twitter account. Sorry, your blog cannot share posts by email. The deterioration in our operating results was mainly attributable to a decline in revenues that was greater than the decrease in operating expenses. Tibet Airlines Airbus A319-115 WL B-6451 (msn 5855) TSN (Michael B. Ing). 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. 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. 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. 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. Avantiair Fokker F.28 Mk. Note 2 to the consolidated financial statements contains more details on this issue. Off-balance-sheet arrangements, excluding contracts with service providers, stood at $872.2 million as at October 31, 2020. 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. Try again later. 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. Image: 943157. Image: 947992. Learn how your comment data is processed. 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. Image: 103289. 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. for approval and expected on February 15, 2021. LONDON – Air Transat (TS) has announced that Institutional Shareholder Services (ISS) and Glass, Lewis & Co. have recommended TS Shareholders to vote for the revised acquisition of Air … Our flight schedule may change, depending on changes in travel restrictions and demand. Looking for a complete airline directory? Image: 946950. 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. 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. 1-866-234-5136 ( Log Out / 0100 D-AOLH (msn 11265) ZRH (Andi Hiltl). With 1406 airlines in the database, … Aero Continente (Chile) Boeing 767-2Q8 ER CC-CJR (msn 24448) MIA (Bruce Drum). 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. 40% -Promotion Voyage dernière minute au Mexique : … +1-514-906-5196 “During the year, we took all necessary actions to limit the damage and preserve our cash. Transat A.T. Inc. (the parent of Air Transat) made this announcement: Results reflecting the magnitude of the COVID-19 crisis This amount was mainly composed of commitments to take delivery of the 11 A321neos undelivered as at October 31, 2020. 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. On May 1, 2020, Transport Canada in turn provided its assessment report to the Minister of Transport. 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). This site uses Akismet to reduce spam. Sunworld International Airways (1st) McDonnell Douglas DC-9-31 N741L (msn 47418) TUS (Robert Drum). Best). In March, as a precautionary measure, the Corporation drew down on its. Midwest Connect-SkyWest Airlines Bombardier CRJ200 (CL-600-2B19) N498CA (msn 7792) CLE (Angelo Ballachino). Find details about our flights and the temporary suspension of certain routes here. The provisional deadline by which the Commission must render its decision is now February 9, 2021. Just Us Air Airbus A321-231 YR-NTS (msn 1153) PMI (Javier Rodriguez). read MONTREAL - Nearly two dozen Transat A.T. … 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.
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