|Quoting DFORCE1 (Reply 11):|
I don't think Air Transat has a large enough fleet to operate all of the flights unless they plan on pushing their last 2 L1011's back into service
|Quoting Speedbird19 (Reply 17):|
However, the majority of pax choose Canadian Affair because of the aircraft that have a specific config for the flights, such as G-FCLJ with the 187Y config, with the removed rows pax get more leg room and as such it's more favourable. TSC are going to have to do something with their a/c if they want to attract as many pax as Canadian Affair do now.
Transat A.T. Inc. acquires British tour operator Canadian Affair
"Acquisition in line with strategic plan, helps Transat build
multi-channel distribution system in the UK"
- Transat CEO Jean-Marc Eustache
MONTREAL, July 14 /CNW Telbec/ - Transat A.T. Inc., one of the largest
integrated tourism companies in the world and Canada's holiday travel leader,
has signed an agreement that will lead to Transat acquiring all of the shares
of British tour operator The Airline Seat Company (TASC), which operates under
the Canadian Affair brand, for 20.4 million pnds stlg in cash (approximately
C$42.8 million). Closing is expected to take place at the end of this month.
"Transat, which already sells a significant number of seats between
Canada and the U.K., thus becomes a tour operator in Canada's largest tourism
market in Europe," said Jean-Marc Eustache, President and Chief Executive
Officer of Transat A.T. Inc. "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 France."
"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 by reinforcing the full-
fledged multi-channel distribution system we are building in the U.K. More
than 80% of TASC's sales are direct to the consumer, of which more than 50%
are made online," added Mr. Eustache.
Anette Rayner, one of the two TASC founders and shareholders and also its
Managing Director, is excited about the acquisition and the enormous potential
that this presents. Ms Rayner said: "This deal is a credit to the success of
TASC over the past 11 years and it meets all our strategic objectives. The
management team and staff will work tirelessly to maximize the strategic
synergy and other opportunities this deal affords. Our clients will be the
first to benefit from our alliance with a major player in the international
tourism market and we will continue to deliver the highest quality of products
and customer service that we have become renowned for". Ms Rayner, who has
over 25 years experience in the industry, the senior management team and the
workforce will remain in place.
The sale to Transat represents the next stage in TASC's long-term growth
strategy and provides substantial synergies between the two companies.
Established in 1995, TASC is one of the largest British tour operators
specializing on U.K.-Canada routes, with annual sales of approximately
75 million pnds stlg (approximately C$155 million). Its head office is in
London and it has offices in Glasgow (Scotland) and Vancouver (Canada). TASC
has more than 60 employees. It serves seven Canadian destinations. In 2004 and
2005, TASC was recognized by the Canadian Tourism Commission as the best
direct sale tour operator in the U.K.
Transat is already very active in Europe. In conjunction with sister
companies Nolitours and Transat Holidays, wholly owned Transat subsidiary Air
Transat is offering direct flights between several Canadian cities and
30 European destinations in 10 countries this summer, more than any other
Canadian carrier. The U.K. alone represents 200,000 return seats. Air Transat
flies to London, Birmingham, Edinburgh, Exeter, Glasgow, Manchester, Newcastle
and Belfast, as well as Shannon and Dublin in the Republic of Ireland. In
addition, Transat offers French travellers holiday packages in the
Mediterranean Basin, the Caribbean, Europe and North America through its tour
operators Vacances Transat France and Look Voyages, as well as numerous other
destinations through its travel agencies. Transat also caters to international
tourists in Greece through incoming tour operator Tourgreece.
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)
Financial analysts and media are invited to participate in a conference
call with Jean-Marc Eustache, President and Chief Executive Officer of
Transat, today, July 14 at 11.00 AM (Eastern). Please dial (514) 868-1042 or
1-866-898-9626 (North America) or 800-9559-6853 (international toll free).
For further information: In Canada: Sylvain-Jacques Desjardins,
(514) 987-1660 ext 4509, firstname.lastname@example.org; In the UK:
Nick Lambert, Bell Pottinger Corporate and Financial PR,
(011) 44 20 7861 3232, email@example.com; Source: Transat A.T.
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