Transat and WestJet agree amiably to terminate air transportation agreement



    Companies intend to continue ad-hoc flying relationship

    MONTREAL and CALGARY, Feb. 13 /CNW Telbec/ - Transat A.T. Inc. (TSX:
TRZ.B, TRZ.A) and WestJet (TSX: WJA) have mutually and amiably agreed to
terminate an air transportation agreement initially contracted in 2003 and set
to expire in 2010. The termination will take effect at the end of the current
winter season on May 10, 2009. The agreement allowed tour operator Transat
Tours Canada, a Transat business unit, to charter WestJet aircraft to sun
destinations.
    Transat and WestJet may enter into an ad-hoc charter agreement that would
see WestJet offer Transat charter flying in the future.
    "This has been a mutually beneficial commercial partnership, but market
conditions have evolved and we agreed that terminating the agreement was in
the best interest of our respective shareholders," said Nelson Gentiletti,
President of Transat Tours Canada and Executive Vice-President, Tour
Operators, of Transat.
    "I am pleased that both companies have maintained a positive working
relationship that will benefit both of us in the years to come," said WestJet
Executive Vice-President Guest Experience and Marketing Bob Cummings. "WestJet
remains very confident of our capacity plan going forward. The success of our
capacity deployment strategy has provided significant, profitable growth to
U.S. sun destinations as well as Mexico and the Caribbean. In addition, the
success of WestJet Vacations combined with the current strength of the WestJet
brand positions us for substantive positive growth over the next five years."

    About WestJet

    WestJet is Canada's leading high-value low-cost airline offering
scheduled service throughout its 55-city North American and Caribbean network.
Named one of Canada's most admired corporate cultures in 2005, 2006, 2007 and
2008, WestJet pioneered low-cost flying in Canada. WestJet offers increased
legroom, leather seats and live seatback television provided by Bell TV on its
modern fleet of 77 Boeing Next-Generation 737 aircraft. With future confirmed
deliveries for an additional 44 aircraft, bringing its fleet to 121 by 2013,
WestJet strives to be the number one choice for travellers.

    About Transat

    Transat A.T. Inc. is an integrated international tour operator with more
than 60 destination countries and that distributes products in over 50
countries. A holiday travel specialist, Transat operates mainly in Canada and
Europe, as well as in the Caribbean, Mexico and the Mediterranean Basin.
Montreal-based Transat is also active in air transportation, destination
services and distribution. (TSX: TRZ.B, TRZ.A)

    This news release contains forward-looking statements related to
WestJet's relationship with Transat. Specific statements relate to the
anticipated impact of the termination of the contract between Transat and
WestJet and the future cooperation on ad hoc charters. These forward-looking
statements are based on WestJet's and Transat's current intent, beliefs, and
expectations based on current conditions in the industry and are not
guarantees of future results. These statements involve risks, uncertainties,
assumptions, and other factors that could cause actual results to vary
materially from those expressed in or indicated by them. Factors include,
among others, (i) the impact of competitive offerings; (ii) general conditions
in the airline and tourism industries, (iii) consumer demand for air travel
and vacation packages; and (iv) economic and related uncertainties. These and
additional risk factors are discussed in WestJet's and Transat's most recent
Annual Information Form (AIF) and in other documents WestJet and Transat file
from time to time with securities regulatory authorities, which are available
through the Internet on SEDAR at www.sedar.com. Readers are cautioned that
undue reliance should not be placed on forward-looking statements as actual
results may vary materially from the forward-looking statements. WestJet or
Transat does not undertake to update any forward-looking statements, except as
is required by law.
    %SEDAR: 00002758EF




For further information:

For further information: Media: Jean-Michel Laberge, Transat A.T. Inc.,
(514) 987-1616 ext. 4662, jean-michel.laberge@transat.com; Robert Palmer,
WestJet Media Relations, 1-888-WJ 4 NEWS (1-888-954-6397),
ropalmer@westjet.com; Rob McInnis, WestJet Investor Relations, (403) 539-7412,
rmcinnis@westjet.com; Source: Transat A.T. Inc./WestJet


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