|
 Transat
A.T. Inc. completes acquisition of British tour
operator Canadian Affair
Montreal, August 1,
2006 - Transat A.T. Inc., one of the
largest integrated tourism companies in the world
and Canada's holiday travel leader, has now
completed the acquisition of all of the shares of
British tour operator The Airline Seat Company
(TASC), which operates under the Canadian Affair
brand, for ?20.4 million in cash (approximately
C$42.8 million).
Established in 1995, TASC is one
of the largest British tour operators specializing
on U.K.-Canada routes, with 200,000 return seats
and annual sales of approximately ?75 million
(approximately C$155 million).
"This acquisition squares
perfectly with the strategic plan we adopted in
2005 that states our intention to expand the scope
of Transat as an outgoing tour operator in Europe,
building on our already significant position. In
addition, TASC is very strong on direct sales to
the consumer, which represent the fastest growing
market segment in the U.K. This considerably
enhances the strategic value of this acquisition,"
said Jean-Marc Eustache, President and Chief
Executive Officer of Transat A.T. Inc.
 Transat
is already very active in Europe. The U.K. alone
represents 200,000 return seats between Canada and
London, Birmingham, Edinburgh, Exeter, Glasgow,
Manchester, Newcastle and Belfast, as well as
Shannon and Dublin in the Republic of
Ireland.
Transat A.T. Inc., with its head
offices in Montreal, is an integrated company
specializing in the organization, marketing, and
distribution of holiday travel. The core of its
business consists of tour operators in Canada,
France and now the United Kingdom. Transat is also
involved in air transportation, value-added
services at travel destinations, as well as in
distribution through travel agency networks.
Transat is listed on the Toronto Stock Exchange
(TSX: TRZ.B; TRZ.A)
Website
Fly
Air Transat from Canada to 90 destinations in 25
countries
 As
editors of Air Highways and Africa Travel magazine
with a varied agenda of events, we have flown Air
Transat from Vancouver to London on our regular to
various destinations in Africa and have been
pleased with the service, price, reliability and
convenience of their flights. Air Transat
specializes in charter flights from several
Canadian and European cities to vacation
destinations, mainly in the south during the winter
months and in Europe and Canada during the summer.
Year-round, we link Canada's principal cities. Our
fleet of 15 aircraft serves 90 destinations in 25
countries. With a fleet of 17 aircraft, Air Transat
is Canada's leading vacation airline. Air Transat
is a subsidiary of Transat A.T. Inc., an integrated
company specializing in the organization,
marketing, and distribution of holiday travel. The
core of its business consists of tour operators in
Canada and France. Transat is also involved in air
transportation, hotel management, and
value-added
|
