Transat A.T.
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| Transat A.T. Inc. | |
| N/A | |
| Type | Public (TSX: TRZ.RV.A) and TRZ.B |
|---|---|
| Founded | Montreal, Quebec (1987) |
| Headquarters | Montreal, Quebec |
| Key people | Jean-Marc Eustache - President and Chief Executive Officer, Transat A.T. Inc. |
| Industry | Airline |
| Products | Chartered Passenger Air & Cargo Travel |
| Revenue | $552.9 million CAD for the third quarter and $1.9 billion for the first nine months of 2005 |
| Employees | 2,700 (2000) |
| Slogan | Great Vacations Start With Us. |
| Website | Transat |
Transat A.T. TSX: TRZ is the parent company of Montreal-based charter airline Air Transat.
Contents |
[edit] History
Transat A.T purchased Thomas Cook Travel LTD, the Canadian operating devison of Thomas Cook AG for $ 7.4 million. The deal includes 190 travel agencies across Canada, including franchises under the Thomas Cook and Marlin Travel banners, as well as 22 foreign exchange offices. The Thomas Cook Travel Limited acquisition makes Transat the country’s largest travel agency network, with 430 outlets.
In July 2006, Transat announced that it was purchasing its main rival in the Canada to UK charter flight market, the Airline Seat Company, which operates under the Canadian Affair brand.[1] The purchase price is about CAD42.8 million.
[edit] Corporate governance
Current members of the board of directors of Transat are:
- André Bisson, O.C. - Chairman of the Board, CIRANO
- Jack Cashman - President, Humphrey Management Europe Limited
- Lina De Cesare - President, Tour Operators Transat A.T. Inc.
- Benoît Deschamps - President, Champré Capital Inc. and Corporate Director
- Jean Guertin - Corporate Advisor and Director, Honorary Professor, HEC Montréal
- H. Clifford Hatch Jr. - President and Chief Executive Officer, Aurdisyl Management Corporation and Cliffco Investments Limited, and Corporate Director
- Jacques Simoneau, P. Eng., Ph. D. - President and Chief Executive Officer Hydro-Québec CapiTech inc.
- Philippe Sureau - President, Distribution Transat A.T. Inc.
- John D. Thompson - Deputy Chairman, Montreal Trust Company of Canada
- Dennis Wood, O.C. - Chairman of the Board, DWH Inc.
[edit] Operating divisions
- Air Transat
- Handlex - ground and airport services for Air Transat - formerly Haycot and acquired in part (49%) in 1988 and fully in march 2000
- Air Transat Holidays
- DMC Transat
