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Transat A.T. Inc. Sells French Agency

Thu Nov 13, 2003 6:08 am

Hmmm, this is a nice little boost to Group Transat's finances.

From what I understand, Group Transat is looking to possibly divest itself
of the French charter carrier, Star.

TS news: look for TS to implement on-board charges for beverages
(alcoholic and non-alcoholic, on many or all of its Canada-Caribbean/
Mexico sectors. TS is also looking at implementing charges for meals
on these sectors, much along the same line as Air Canada's on-board
restaurant in-flight meal program. Whether or not it "flies", remains to
be seen. Note: Canada-Europe flights will retain their no-charge for
on-board meals and non-alcoholic beverages.

TS "Did You Know?", that TS FA's have not had a uniform change since
1990/1991. With the sale of "Anyway" and the possible future divestment
of "Star", TS FA's tell me that the carrier is considering a major FA uniform
overhaul.

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From Canadian Travelweek Magazine:

Montreal - Transat A.T. Inc. of Montreal announced it is selling its French subsidiary "Anyway" (www.anyway.com) to IAC/InterActiveCorp for an enterprise value of 53 million Euros (CAD$81.6 million).

"Anyway" will join IAC Travel, a division of IAC/InterActiveCorp that encompasses online travel brands including Expedia.com, Interval International, TV Travel Shop, Hotels.com and Hotwire.com.

"Anyway" is headquartered in Paris, and employs more than 200 people.
 
captaingomes
Posts: 6251
Joined: Tue Feb 13, 2001 1:33 am

RE: Transat A.T. Inc. Sells French Agency

Thu Nov 13, 2003 1:22 pm

Speaking of Transat, today there was only one Transat departure from YYZ and no arrivals, if gtaa.com and flytecomm.com are to be believed. But that doesn't make any sense!

The Transat f/a uniforms are still ok, nothing special, but not bad looking and professional. Maybe something new and fresh is a good idea though.

If they start charging for meals, I wonder what the quality will be like. Mmmmmmmm, airline food!
"it's kind of like an Airbus, it's an engineering marvel, but there's no sense of passion" -- J. Clarkson re: Coxster

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