Changes to Air Transat's fleet - Carrier signs agreement to lease seven new Airbus A321neos

MONTREAL, June 27, 2018 /CNW Telbec/ - Air Transat, wholly-owned business unit of Transat A.T. Inc., has signed an agreement with AerCap for the long-term lease of seven new Airbus aircraft: two A321neos and five A321neo LRs (long-range). These next-generation, single-aisle jets, which will be delivered gradually between 2020 and 2022, will notably replace wide-body A330s whose leases will expire during this period.

"We are continuing our fleet transformation in order to achieve greater efficiency and versatility," said Jean-François Lemay, President of Air Transat. "With their smaller size, the A321neos will enable us to implement our air strategy, which involves increasing our flight frequencies, expanding our network and strengthening our position in several markets. The goal: continue to provide our customers with comfortable service at the best possible price."

With 199 seats in a two-class configuration, the A321neo will be used for feeder flights and service to the South (short- and medium-haul) while the long-range version (A321neo LR) will be deployed for Sun and transatlantic destinations (medium- and long-haul). These aircraft will be added to the 10 new A321neo LRs, on lease from AerCap, announced in July 2017, which will gradually be introduced to Air Transat's fleet starting in spring 2019.

While this type of aircraft has been selected to optimize the fleet, its fuel efficiency will also keep cost per seat as low as possible, while reducing its carbon footprint. Additionally, because of the cockpit commonality of the A330 and A320 (including the A321), Air Transat's pilots will be able to fly both types of aircraft, which will result in greater operating flexibility and savings, including on training costs.

Air Transat's fleet currently consists of 33 permanent aircraft in a unique flexible-fleet model that allows it to deploy more wide-body aircraft in summer for the high transatlantic season, and narrow-body aircraft in winter for the high Sun destinations season. By 2024, it will have an all-Airbus fleet.

About Air Transat
Air Transat is Canada's number one holiday airline. It flies to some 60 destinations in 26 countries in the Americas, Europe and the Middle East, offers domestic and feeder flights within Canada, and carries nearly 4.5 million passengers every year. Based in Montreal, the company employs 3,000 people. Air Transat is a business unit of Transat A.T. Inc., a leading integrated international tourism company specializing in holiday travel and offering vacation packages, hotel stays and air travel. Transat was awarded Travelife Partner status in 2016 in recognition of its commitment to sustainable development.

About Transat
Transat A.T. Inc. is a leading integrated international tourism company specializing in holiday travel. It offers vacation packages, hotel stays and air travel under the Transat and Air Transat brands to some 60 destinations in 26 countries in the Americas, Europe and the Middle East. Based in Montreal, the company has 5,000 employees. Transat is firmly committed to sustainable tourism development, as reflected in its multiple corporate responsibility initiatives over the past 10 years, and was awarded Travelife Partner status in 2016 (TSX: TRZ).

Recent distinctions and awards (2017–2018)

• Named world's second-best leisure airline and best in North America at the Skytrax World Airline Awards
• Ranked by Atmosfair among the world's Top 20 airlines for energy efficiency
• Voted Best Leisure/Charter Airline and Best Tour Operator at the Agents' Choice Awards presented by Baxter Travel Media
• Voted Best Airline and Best Tour Operator at the Trophées Uni-Vers awards organized by the Association des Agents de Voyages du Québec
• Ranked among Canada's Best Employers and second-best airline on Forbes magazine's 2017 ranking
• Named one of the Best Corporate Citizens in Canada by Corporate Knights

About AerCap
AerCap is the global leader in aircraft leasing with, as of March 31, 2018, 1,519 owned, managed or on order aircraft in its portfolio. AerCap has one of the most attractive order books in the industry. AerCap serves approximately 200 customers in approximately 80 countries with comprehensive fleet solutions. AerCap is listed on the New York Stock Exchange (AER) and has its headquarters in Dublin with offices in Shannon, Los Angeles, Singapore, Amsterdam, Fort Lauderdale, Shanghai, Abu Dhabi, Seattle and Toulouse.

SOURCE Transat A.T. Inc.

Media contact: Transat A.T. Inc., Odette Trottier, Director, Communications and Corporate Affairs, [email protected], 514 908-8891