MONTREAL, June 14, 2012 /CNW Telbec/ - Air Transat and its flight
attendants, represented by the Canadian Union of Public Employees
(CUPE), have reached a pact that amends the collective agreement signed
in November 2010.
In the wake of initiatives adopted by Transat last fall aimed at
hastening a return to profitability, the agreement calls for a
deferment of planned wage increases and a variable compensation
"We are happy with this agreement and we salute the openness shown by
Air Transat's employees and their union representatives," said Transat
A.T. Inc. President and Chief Executive Officer Jean-Marc Eustache. "We
are continuing to implement the plan announced in late 2011 to return
to profitability and all our teams are engaged in attaining this goal."
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, accommodation, destination services and distribution.
(TSX: TRZ.B, TRZ.A)
SOURCE TRANSAT A.T. INC.
For further information:
Source: Transat A.T. Inc. / www.transat.com
Advisor, Communications and Media Relations
514 987-1616, ext. 4662