All Air Transat articles – Page 4
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NewsTransat-Air Canada deal in limbo
The planned acquisition of Transat AT by Air Canada continues to be in limbo after the terms of the deal expired on 15 February without the necessary approvals in place to complete the transaction.
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NewsCanada approves Air Canada’s acquisition of Transat
The Canadian government has approved Air Canada’s takeover of vacation specialist Transat AT, subject to numerous conditions.
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NewsCanada suspends all flights to Mexico and the Caribbean
Canadian airlines will suspend all flights to Mexico and the Caribbean for the next three months as the country imposes even stricter measures to stem the spread of new variants of the coronavirus.
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NewsAir Transat cancels all flights to and from Toronto
Canada’s Air Transat, the country’s third largest passenger carrier, has suspended all flights from Toronto for the rest of the winter season citing new travel restrictions that make conducting normal operations almost impossible.
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Airline BusinessCanadian airlines’ coronavirus anguish far from over
Canadian airlines continue to struggle as the coronavius forces more job cuts, smaller networks and louder calls for government assistance.
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NewsTransat shareholders green light discounted sale to Air Canada
Shareholders of Transat AT, parent to leisure carrier Air Transat, have approved a plan under which Transat will be sold to Air Canada at a significant discount.
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NewsTransat warns of ability to remain ‘going concern’, eyes Air Canada lifeline
Transat AT, owner of Canadian leisure carrier Air Transat, has warned investors about its ability to remain in business “as a going concern” if a planned acquisition by Air Canada falls through.
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NewsCanada considers financial aid for aviation industry
The government of Canada has said it is considering financial aid for that country’s aerospace industry, as the coronavirus crisis drags on.
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NewsTransat down to 160 flight attendants in November: union
Canada’s Air Transat will be laying off more flight attendants and closing a west-coast base in the coming weeks as the coronavirus continues to take its toll on the country’s air transport industry, the Canadian union for public employees (CUPE) says.
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Air Canada and Transat sharply discount takeover deal
Air Canada and Transat AT, the parent company of Air Transat, have renegotiated the terms of their planned tie-up, sharply discounting the price per share. The move was prompted by the devastating impact of the coronavirus on the air transport industry. The two Montreal-based carriers stated on 10 October that ...
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NewsTransat’s fiscal Q3 yields 99% decline in revenue
Canada’s Transat AT, the parent company of leisure carrier Air Transat, posted revenues of just C$9.5 million ($7.2 million) in its third fiscal quarter. During that period, it had just a single week of operations due to business interruptions from the coronavirus pandemic.
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NewsTransat-Air Canada merger pushed to fourth quarter
Transat AT, the parent company of Canadian holiday specialist Air Transat, says its merger with legacy carrier Air Canada is still on track and now due to close sometime in the fourth quarter of 2020.
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NewsAir Canada looking to quit Transat deal: reports
French-language media in Canada report that legacy carrier Air Canada is looking to exit its planned takeover of Transat AT, the parent company of Air Transat, as Canada’s biggest airline attempts to manage through the coronavirus crisis while preserving its liquidity.
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NewsAir Canada-Transat tie-up faces European competition scrutiny
Air Canada’s proposed acquisition of Transat AT, the parent of leisure carrier Air Transat, is to face scrutiny from European competition regulators. The European Commission is concerned that the tie-up could “significantly” reduce competition on 33 city-pairs between Canada and the 30 countries of the European Economic Area. These city-pairs ...
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NewsPassenger sues five Canadian carriers
Canadian airlines Air Canada, WestJet, Swoop, Air Transat and Sunwing have been accused of breach of contract in a class action lawsuit filed in the province of British Colombia for refusing to give passengers refunds to purchased tickets after the coronavirus severely impacted both domestic and international air travel.
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NewsCanada has ‘concerns’ about Air Canada-Transat merger
The Competition Bureau of the government of Canada says it has “competition concerns” about the planned takeover of Transat by Air Canada.
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NewsTransat gradually suspends service until 30 April
Canada’s Air Transat says it is halting sales for departures to most of its destinations in light of the global coronavirus which is massively disrupting travel around the world.
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NewsCanada’s Transat evaluates its options as it weathers coronavirus
Canada’s Transat AT, the parent company of leisure carrier Air Transat says it is evaluating all options as it grapples with the effects of the coronavirus on its business.
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Air Transat to link Montreal and Copenhagen
Air Transat says it will offer direct flights from Montreal to Copenhagen next year during the airline’s summer season, further expanding its international network to 27 European destinations.
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Transat posts Q3 adjusted profit ahead of Air Canada takeover
Transat AT, parent company of Air Transat, reported adjusted net income of C$5.7 million ($4.3 million) for its third quarter of fiscal year 2019, an upward swing from an adjusted net loss of C$5.0 million in the same period in 2018.