Image: 944466. Flights to Canada at the best price with Air Transat, World’s Best Leisure Airline. (iflygo.com) (Mesa Air Group) Bombardier CRJ200 (CL-600-2B19) N407SW (msn 7034) LAX (Ron Monroe). Nordwind Airlines Boeing 777-2Q8 ER VP-BJG (msn 32718) AYT (Andi Hiltl). 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. Notably, a public interest assessment of the arrangement regarding national transportation is being undertaken by the Canadian authorities. The Montreal-based tour operator's shareholders voted in a virtual meeting on … 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 … 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. 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. Lufthansa is considering to retire it’s entire Airbus A380 and Boeing 747-400 fleet. 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. 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. ( Log Out /  Image: 947004. For incredible packages and deals on flights and hotel bookings, Canadians trust Air Transat. Since March, the Corporation has been renegotiating with aircraft lessors, as well as other lessors, to defer a number of monthly lease payments. In response to the first wave of the pandemic, the Corporation temporarily suspended its airline operations from April 1 to July 22, 2020. 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. 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. Image: 946928. In the current situation, it is impossible for the moment to predict the impact of the COVID-19 pandemic on future bookings, the partial resumption of flight operations and financial results. Image: 946910. In March, as a precautionary measure, the Corporation drew down on its. This financing could also be obtained as part of a support program for the industry, as announced by the government.” stated Mr. Eustache. Jazeera Airways Airbus A320-251N WL 9K-CBB (msn 9002) LGW (Antony J. Image: 944176. 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. read MONTREAL - Nearly two dozen Transat A.T. … According to a press release seen by Simple Flying, a new arrangement agreement was signed on October 9th, 2020 at a price of $5.00 per share or 0.2862 Air Canada share for each Air … Off-balance-sheet arrangements, excluding contracts with service providers, stood at $872.2 million as at October 31, 2020. Please log in using one of these methods to post your comment: You are commenting using your WordPress.com account. 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 … The Corporation continues to monitor the situation daily to adjust these measures as it evolves. 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. MIAMI – Air Transat (TS) presents its 2020 summer flight schedule for Ontario. Image: 947865. 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. 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. Star East Airlines Airbus A320-231 YR-SEA (msn 357) AYT (Ton Jochems). 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. Transat 2020 contests . Disclaimer. As at October 31, 2020, cash and cash equivalents totaled $426.4 million, compared with $564.8 million as at October 31, 2019. 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. Image: 103289. By continuing to use this site, you agree to the cookies used, for example, to improve your browsing experience and to personalize the content of the Website. 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. 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. 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. Then why not enter our online contests for a chance to win trips, roundtrip flights and cruise packages to the South, Europe, … Visit Wagjag before your next flight for promotions and coupon codes … Net loss attributable to shareholders amounted to $238.1 million or $6.31 per share, compared with net income of $23.0 million or $0.61 per share in 2019. Image: 948198. The deterioration in our operating results was mainly attributable to a decline in revenues that was greater than the decrease in operating expenses. 1 The average fleet age is based on our own calculations and … 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. ( Log Out /  Iraqi Airways Airbus A330-202 YI-AQY (msn 1339) AYT (Arnd Wolf). 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. (toll free), TTY for hearing impaired : Previously announced by the airline, the … Considering the impacts of COVID-19, the Corporation recognized revenues of $1.3 billion, a decrease of $1.6 billion (55.7%) compared with 2019, and operations generated an operating loss of $426.0 million, compared with $13.6 million in 2019, a deterioration of $412.4 million. 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. 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). ... July 23, 2020 … Change ), You are commenting using your Facebook account. 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. Image: 948358. Sunworld International Airways (1st) McDonnell Douglas DC-9-31 N741L (msn 47418) TUS (Robert Drum). Find details about our flights and the temporary suspension of certain routes here. Image: 948548. 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. Image: 946919. 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. 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). The decline in operating results was accentuated by special items totalling $96.7 million and the unfavourable settlement of fuel-related derivative contracts. TTY for hearing impaired: Finally, to give you more peace of mind when you travel, we’re now offering COVID-19 medical insurance at no extra cost. 40% -Promotion Voyage dernière minute au Mexique : … With 1406 airlines in the database, … 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. Cabo Verde Airlines Boeing 757-236 WL D4-CCF (msn 25808) IAD (Brian McDonough). 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. It is now possible to book your Air Transat flight in USD! 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. 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. Book your direct flights to Toronto, Vancouver, Calgary, Montreal and more. 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. 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. Midwest Connect-SkyWest Airlines Bombardier CRJ200 (CL-600-2B19) N498CA (msn 7792) CLE (Angelo Ballachino). Air Commerce Sarajevo (JAT) Boeing 727-2H9 YU-AKE (msn 21037) ZRH (Rolf Wallner). In March, the Corporation decided to early retire all of its Airbus A310s from the fleet. Change ). 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. Roots Air (Skyservice) Airbus A320-232 C-FRAA (msn 1411) YYZ (TMK Photography). Airline Videos, Route Maps and Aircraft Slide Shows. Image: 946916. Image: 948143. 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.