We’ve been receiving several requests from customers whose flights have been cancelled or who wish to leave sooner. We use ads to keep our content free. This press release contains certain forward-looking statements about Transat concerning a potential transaction involving the acquisition of all of the shares of Transat. The Montreal-based carrier is hopeful about the transaction but is waiting for authorities to confirm approval. Competing Proposal is NOT a Superior Proposal. The current Air Transat share price is just $5, throwing the deal into … Discover our program featuring … Passengers aboard Air Transat flights 157 from Brussels and 507 from Rome were not allowed to disembark after their transatlantic flights were redirected to Ottawa on their way to Montreal, July 31. Transat Board reconfirms its unanimous support FOR the acquisition by Air Canada Following recent media reports that potential competing proposals for the acquisition of Transat A.T. Inc. (" Transat " or the " Corporation ") may have been made, Transat wishes to clarify the situation … Paying attention to the needs and situations of the passengers, Air Transat introduces 24 hours cancellation policy. Transat A.T. Inc. said it will suspend sales for departures until April 30 … That’s more than I can say for many other airlines. Air Transat blamed congestion at Ottawa's airport for the situation, where airport administration stated that the pilots asked for no help during the six-hour situation. Stock quotes by finanzen.net. I have been reading this forum (very helpful, thanks!) In light of the COVID-19 outbreak, Air Transat and Air Canada Vacations have created flexible rebooking policies for travellers: Air Transat. Please contact Air Transat directly for the latest information about cancellation fees. Eustache said Monday that the lack of assistance from Ottawa means that foreign competitors will be better positioned than domestic airlines to take advantage of a recovery in demand for air travel once the public health situation improves. The airline says it will stop selling flights to and from most destinations in Europe and the U.S. until April 30. I will also reiterate that I had no problems flying with them to London Gatwick, as I was arriving to Europe. I applied online. This financing could also be obtained as part of a support program for the industry, as announced by the government.”. (fin mai puis le 1er juillet 2020). I am in a similar situation. Air Transat Removes Family For Coughing. The two companies agreed to a revised terms in October that will see Air … The situation might become much more dire if the lower demand for air travel lasts longer than expected. Transat's adjusted loss was expected to be $2.35 per share on $138.4 million of revenues, according to data firm Refinitiv. After having done so, the Board unanimously determined, upon recommendation of the Special Committee, that the Competing Proposal was not in the best interest of Transat and its stakeholders and NOT a "superior proposal" as contemplated under the terms of the Air Canada Arrangement Agreement. I wrote: Thanks for the advice on the Air … In a bad situation, Air Transat did what it could and at least made an effort to make me comfortable. Air Transat blamed congestion at Ottawa's airport for the situation, where airport administration stated that the pilots asked for no help during the six-hour situation. Statut des vols de Air Transat (avec suivi de vol et carte en direct) - regarder tous les vols ou suivez les vols de Air Transat Registration on or use of this site constitutes acceptance of our Terms of Service and Privacy Policy. "In the current situation with COVID-19 the market is no longer the same, and without the help of governments for Transat, the Air Canada solution is perhaps the only viable one today," he said. The revised deal saw Air Canada approve $250 million in increased borrowing by Transat pending the completion of the merger, a key leverage point for Air Canada in its push to slash the purchase price. THE CANADIAN PRESS/Paul Chiasson Nonetheless, the carrier is putting motions in place in case the move is not soon finalized. Photo: Airbus Asking the government for a solution. I have been reading this forum (very helpful, thanks!) Transat also engaged in discussions with the New Offeror with a view to determining if such proposal could constitute a "superior proposal" under the terms of the Air Canada Arrangement Agreement. 14 octobre, 2020 - Nous offrons présentement des vols vers l’Europe, le Sud et le Canada. Air Transat current situation, short flip. As per Air Transat 24-hour Cancellation policy, passengers can cancel a flight booked on Air Transat within 24 hours of the purchase. Let us know what you think of the situation in the comment section. Emmanuel Faug, Clementine Ferraton, and their there children were traveling on Air Transat from Quebec City to Paris on February 23. Given airline industry dynamics and current volatility in the shares of airlines, including Air Canada, no assurance can be given as to the trading price of Air Canada shares at the closing date of the transaction. Air Canada had initially agreed to acquire Transat in Aug. 2019, before the coronavirus pandemic devastated the airline industry, for $18 a share. The process took 4+ weeks. "We are going to look at this situation between Air Canada and Air Transat," said prime minister Justin Trudeau during his daily press briefing. The carrier will only maintain its Wednesday flights for the period. MONTREAL, Dec. 15, 2020 /CNW Telbec/ - Following recent media reports that potential competing proposals for the acquisition of Transat A.T. Inc. ("Transat" or the "Corporation") may have been made, Transat wishes to clarify the situation for shareholders and other stakeholders. MONTREAL — Air Transat plans to cancel all flights from Western Canada to sun destinations and the United States this winter, with refunds en route to customers — a policy 180 in the COVID-19 era. Nous recevons à cet effet beaucoup de demandes de clients d’Air Transat … Communications with Kingsdale Advisors may be made by phone toll free within North America at 1-888-518-1552, or collect call outside North America at 416-867- 2272, or by e-mail at contactus@kingsdaleadvisors.com. Use our search engine above for options. The special meeting of shareholders of the Corporation called to vote on the arrangement with Air Canada is scheduled for 10:00 a.m. today. Be in the know. It offers vacation packages, hotel stays and air travel under the Transat and Air Transat brands to some 60 destinations in more than 25 countries in the Americas and Europe. Deputy Editor - Sumit comes to Simple Flying with more than eight years’ experience as a professional journalist. If you have any questions or require further information about the procedures to complete your Letter of Transmittal and Election Form, please contact AST Trust Company (Canada), Transat's transfer agent and depositary, at 1-800-387-0825 (toll free within North America) or 1-416-682-3860 (outside of North America) or by email at inquiries@astfinancial.com, Caution regarding forward-looking statements. I hope it helps you too. Air Transat: Unfortunate Situation Handled Right!! 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 Transat share. Air Canada refuses to comment on the issue. Management Proxy Circular with respect to an Arrangement involving Transat A.T. inc. and Air Canada (PDF) Questions and Answers on Proxy Voting (PDF) Arrangement Agreement (PDF) Second quarter … In fact, it is only speculation that the family was deplaned due to coronavirus fears… Transat A.T. Inc. said it will suspend sales for departures until April 30 to and from most European and U.S. destinations effective immediately. Based in London, UK. “Our results reflect COVID-19’s devastating impact across the travel industry,” Eustache said in the press release. Transat has received only one alternative proposal and it is NOT a superior proposal to the arrangement with Air Canada Transat Board reconfirms its unanimous support FOR the acquisition by Air... | … MONTREAL - Air Transat plans to cancel all flights from Western Canada to sun destinations and the United States this winter, with refunds en route to customers — a policy 180 in the … The event enraged Canadian lawmakers … Transat AT warned Monday that its future may be in doubt if Air Canada’s proposed takeover of the airline is not approved by regulators. “We are signalling that there might be a question … Transat has received only one alternative proposal and it is NOT a superior proposal to the arrangement with Air Canada Transat Board reconfirms its unanimous support FOR the acquisition by Air... | … Normalement les compagnies aériennes comme Air Transat ne peuvent pas imposer un remboursement en bon d'achat si le vol a été annulé. Disclaimer | Made In NYC | - See 11,145 traveler reviews, 964 candid photos, and great deals for Air Transat, at Tripadvisor. Having written for The Independent, Evening Standard, and others, his role here allows him to explore his enthusiasm for aviation and travel. Transat has not received any other acquisition proposal since August 11, 2019, the date of the last amendment to the original arrangement agreement with Air Canada. The statements regarding the implied purchase price for Transat based on the December 14, 2020 closing price of the Air Canada shares on the Toronto Stock Exchange for shareholders selecting the share exchange option are provided for illustration purposes only. Under the terms of the Air Canada Arrangement Agreement unanimously approved by the Board, Air Canada will acquire all issued and outstanding shares of Transat for $5.00 per share, payable at holders' option either in cash or shares of Air Canada, or a combination thereof. I wrote: Thanks for the advice on the Air … Transat Board reconfirms its unanimous support FOR the acquisition by Air Canada MONTREAL , Dec. 15, 2020 /CNW Telbec/ – Following recent media reports that potential competing proposals for the acquisition of Transat A.T. Inc. (“ Transat ” or the “ Corporation “) may have been made, Transat wishes to clarify the situation for shareholders and other stakeholders. Air Transat plans to gradually suspend its flights until the end of next month, the company said Wednesday, as new border restrictions are set to take effect. Under the Transat and Air Transat banners, the Corporation offers vacation packages, hotel stays and air travel to some 60 destinations in over 25 countries in the Americas and Europe. “They follow the recommendations of the International Air … Interview. In late November 2020 Transat received an unsolicited proposal from a private investor, who is not actively involved in the airline and tourism industries, (the "New Offeror") for the acquisition of all of the issued and outstanding shares of the Corporation (the "CompetingProposal"). Sous réserve de changement des restrictions aux voyages et en fonction de l’évolution de la demande, notre … What are your thoughts about Air Canada taking on Air Transat? Yesterday was a great day for Air Transat. and been in touch with Air Transat this week. Getty Images An Air Transat plane is seen here in an undated photo in Lyon, France. Planning your trip. GOOD NUMBERS FROM THE … Q&R. Note … As is customary with these agreements and consistent with directors' fiduciary duties, the Air Canada Arrangement Agreement contains specific terms allowing the Board of Directors of Transat (the "Board") to consider an unsolicited acquisition proposal received prior to the special meeting and determine if such acquisition proposal constitutes a "superior proposal" and is in the best interest of Transat and its stakeholders and thus entitles the Board to terminate the Air Canada Arrangement Agreement under certain conditions. © 2020 Insider Inc. and finanzen.net GmbH (Imprint). Book your Air Transat flight in USD. The Montreal-based carrier is hopeful about the transaction but … Transat disclaims any intention or obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, other than as required by securities laws. Whilst it might seem like a situation brought on by the mounting worry surrounding the coronavirus, Air Transat was simply following protocol. Transat has retained Kingsdale Advisors to act as its strategic shareholder advisor and proxy solicitation agent, to answer information requests from shareholders and to assist in the submission of proxies and voting instructions. Do you think that this is a good move for the airline? Air Transat announces the revision of its flight program on Haiti and will suspend its Sunday flights from March 17 to April 28, 2019. Photo: Getty Images Anticipating the official […] Transat Board Reconfirms its Unanimous Support for the Arrangement with Air Canada. AIR TRANSAT lui a signalé qu’il avait … As the situation changes with coronavirus (COVID-19), Air Transat will continually update its policies accordingly. The situation has been made more … Traveller Care. Air Transat has shared this week that it expects that the airline’s acquisition by Air Canada will be complete by February. The airline says ongoing talks with the ministers of the federal government are related to the impact of COVID-19, not to the acquisition of Air Transat. To keep you busy during your travels, the airline offers several entertainment options that … Altogether, just like most countries, the aviation industry in Canada is going through a significant transition. Airlines across the continents have been reducing services and seeking financial aid amid the challenging conditions. Please Support us by turning off your adblocker. Nous comprenons que la situation actuelle puisse générer son lot d’incertitudes pour les voyageurs souhaitant rentrer au pays. En général, les compagnies aériennes comme Air Transat le font automatiquement pour répondre au plus vite aux réclamations dans cette situation … Transat will include notice of the Election Deadline in a press release disseminated over newswire service in Canada at the latest on the business day immediately before the Election Deadline. Air Transat has shared this week that it expects that the airline’s acquisition by Air Canada will be complete by February. All rights reserved. Air Transat may be guilty of the latter…. Air Canada shares issuable under the share exchange option will be issued at a fixed price of $17.47 per Air Canada share, representing a fixed exchange ratio of 0.2862 Air Canada share per Transat share. Air Transat has shared this week that it expects that the airline’s acquisition by Air Canada will be complete by February. Notez que la situation … Follow these easy steps to disable AdBlock, Follow these easy steps to disable AdBlock Plus, Follow these easy steps to disable uBlock Origin, Follow these easy steps to disable uBlock, Supreme Court Rules Heathrow’s Third Runway Will Go Ahead, The Airbus A380 Was Ahead Of Its Time: Here’s Why, The UAE Begins Building Tails For Boeing 787 Aircraft, Airline Start Up Of The Week: Italy’s EGO Airways, Eurowings A319 Evacuated Onto Taxiway At London Heathrow. Air Transat self service check-in kiosks are seen at Montreal-Trudeau International Airport in Montreal, on Friday, July 31, 2020. While Air Transat operates flights to over 20 destinations across the world, it is considered to have three primary hubs, which are the cities of Toronto, Montreal, and Vancouver. Moreover, the companies expect to hear a decision from the European Commission on February 9th. Letters of Transmittal and Election Forms. Air Canada’s proposed acquisition of Transat, originally for $720 pre-pandemic, is now priced at $190 million, as announced in October 2020. For illustrative purposes only, on December 14, 2020, the closing price of the Air Canada shares on the Toronto Stock Exchange was $26.10. Air Transat current situation, short flip. Having built strong relationships with Qatar Airways, United Airlines, Aeroflot, and more, Sumit excels in both aviation history and market analysis. Photo: Getty Images Anticipating the official … MONTREAL ― Porter Airlines has joined Transat AT Inc. in moving to suspend all flights as the Canadian government looks to close the border in an effort to stem the spread of COVID-19. Commenting on the situation, Air Transat said: “After analysing the situation, MedLink determined that the passenger’s medical condition posed a significant potential risk to passengers and crew during the flight. Transat's Board and the special committee of the Board, supported by their financial and legal advisors, reiterate their unanimous recommendation that the arrangement with Air Canada is in the best interests of Transat and its stakeholders and is fair to Transat shareholders, and unanimously recommend that shareholders: Vote FOR the special resolution approving the Arrangement with Air Canada. Now, the timeline of this purchase is becoming clearer. Registration on or use of this site constitutes acceptance of our, Loop Industries plunges 22% after a short-seller accused its patented plastic-recycling technology of being 'very misleading' », 10 things you need to know before the opening bell ». If approved, the agreement would have a significant impact on the airline. I interviewed at Air Transat. In October, Air Canada shared that it is continuing the process of taking on its counterpart despite the conditions resulting from the global health crisis. The Montreal-based carrier is hopeful about the transaction but is waiting for authorities to confirm approval. After 112 days on the ground, our planes finally returned to the skies. That’s more than I can say for many other airlines. 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. Non-registered shareholders should carefully follow the instructions of the intermediary holding their shares on their behalf. Notably, Transat is a much smaller company in comparison to Air Canada. 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. I hope it helps you too. Under the terms of the Air Canada Arrangement Agreement unanimously approved by the Board, Air Canada will acquire all issued and outstanding shares of Transat for $5.00 per share, … Based on that closing price, the implied purchase price for Transat would be $7.47 per share for shareholders selecting the share exchange option. I sent a note to the Air Passenger Rights group on Facebook and received a helpful reply. So, once approval has been granted by officials, the agreement will be finalized. The event enraged Canadian lawmakers pushing to improve Canada's passenger bill of rights. Commerce Policy | The Montreal-based carrier is hopeful about the transaction but is waiting for authorities to confirm approval. The press release adds that if Air Canada does not come to an agreement with authorities and obtain the needed approvals before the middle of February, the arrangement agreement could be terminated. 1 entretien avec superviseur direct et rh 1 entretien téléphone de screening Description des attentes, gestion de situations de crise, clientèle difficile Questions sur la connaissance de la compagnie Processus clair et relativement rapide These statements are based on certain assumptions deemed reasonable by Transat, but are subject to certain risks and uncertainties, several of which are outside the control of Transat, which may cause results to vary materially. Application. Transat Board reconfirms its unanimous support FOR the acquisition by Air Canada MONTREAL , Dec. 15, 2020 /CNW Telbec/ – Following recent media reports that potential competing proposals for the acquisition of Transat A.T. Inc. (“ Transat ” or the “ Corporation “) may have been made, Transat wishes to clarify the situation … There was excitement in the air: Our teams, starting with our on-duty flight crews, were very pleased to return to action and to offer our passengers a restyled experience adapted to the situation. Transat is a leading integrated international tourism company specializing in holiday travel. Put in your stop loss if support breaks thank you Les actionnaires de Transat devront déterminer ce mardi s’ils acceptent l’offre d’achat d’Air Canada même s’ils ignorent s’il s’agit de la seule offre disponible. Très intéressé par l'achat de Transat A.T. en 2019, le président du groupe Mach, Vincent Chiara, n'a pas l'intention de se lancer dans une enchère avec Air Canada cette fois-ci. Air Transat plans to gradually suspend its flights until the end of next month, the company said Wednesday, as new border restrictions are set to take effect. The Airbus A330 ran out … Put in your stop loss if support breaks thank you “During the year, we took all necessary actions to limit the damage and preserve our cash. Following receipt of the Competing Proposal in late November 2020, Transat entered into a confidentiality and standstill agreement with the New Offeror who was allowed to complete a legal and financial due diligence investigation of Transat with full access to all of the materials provided to Air Canada in the course of Air Canada's  due diligence investigations relating to the Air Canada Arrangement Agreement. Air Canada is set to acquire Air Transat for CA$720 million ($517 million) based on a share price of CA$18 ($13.6). Air Canada is set to acquire Air Transat for CA$720 million ($517 million) based on a share price of CA$18 ($13.6). Transat's Board and the special committee of the Board, supported by their financial and legal advisors, reiterate their unanimous recommendation that the arrangement with Air … Air Transat annonce la révision de son programme aérien sur Haïti et de ce fait suspendra ses vols du dimanche à compter du 17 mars jusqu’au 28 avril 2019. Altogether, if all passed, the deal will be completed before February 15th. Therefore, the market in the nation is set to have a new look as 2021 gets underway. However, the Canadian approval process is still ongoing. The current Air Transat share price is just $5, throwing the deal into doubt. Commenting on the situation, Air Transat said: Called Air Transat and explained the situation and requested Credit for 3 tickets, just credit for future tickets not a refund. Transat AT warned Monday that its future may be in doubt if Air Canada’s proposed takeover of the airline is not approved by regulators. Transat is firmly committed to sustainable tourism development, as reflected in its multiple corporate responsibility initiatives over the past 12 years, and was awarded Travelife certification in 2018. Sign up to our daily aviation news digest. We invite these customers to contact their Transat representative at destination or our call centre to modify their booking. I am in a similar situation. The Board carefully and thoroughly examined the terms of the Competing Proposal, including the supplementary information obtained from its investigations of, and discussions with, the New Offeror with the assistance of its legal and financial advisors. It is now possible to book your Air Transat flight in USD! Air Transat provides more flexibility and benefits for the passengers while managing their booking. A copy of the management proxy circular of the Corporation dated November 12, 2020 and related Meeting materials were mailed to shareholders on November 13, 2020 and are also available on SEDAR under Transat's profile at www.sedar.com, on Transat's website or by contacting Kingsdale Advisors. I was expecting a little help in this situation. So, the situation could impact the obtaining of approvals from regulatory authorities while the global health crisis continues to rock the aviation industry. MONTREAL, Dec. 15, 2020 /CNW Telbec/ - Following recent media reports that potential competing proposals for the acquisition of Transat A.T. Inc. ("Transat" or the "Corporation") may have been made, Transat wishes to clarify the situation …

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