Private company

Air Transat

Logo: Air Transat, Public domain, via Wikimedia Commons3

Airline in Canada

Air Transat (French pronunciation: ) is a Canadian airline headquartered in Montreal, Quebec. Founded in 1986, it operates flights to over 65 destinations in 35 countries. Air Transat is owned and operated by Transat A.T. Inc., with 42 aircraft registered with Transport Canada as of 11 April 2026.2 It was founded by François Legault.1 It employed 5,000 people in 2023.1 Wikipedia text CC BY-SA 4.0

Last updated Oct 21, 2026.

Overview

Dec 1986Founded1
Air Transat HQ
Photo: P199, CC BY-SA 4.0, via Wikimedia Commons5

Air Transat (French pronunciation: [ɛːʁ tʁɑ̃zat]) is a Canadian airline headquartered in Montreal, Quebec. Founded in 1986, it operates flights to over 65 destinations in 35 countries. Air Transat is owned and operated by Transat A.T. Inc., with 42 aircraft registered with Transport Canada as of 11 April 2026.2

Corporate structure

Air Transat is part of a group headed by Transat A.T.. 5 entities, 2 countries on record. Switch between the flow chart and the network, and select any entity to see its details.

  • Transat A.T. Montreal, Quebec, Canada
    • Air Transat Montreal
      • Atmosphère Owned
    • AIR TRANSAT A.T. INC. Subsidiary · Montreal, Quebec, Canada
    • THE AIRLINE SEAT COMPANY LIMITED Subsidiary · London, United Kingdom
    • TRANSAT TOURS CANADA INC. Subsidiary · Montreal, Quebec, Canada

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries, stakes and holdings from Wikidata (CC0). Each entity in the chart links to its source.

What it owns

What Air Transat reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Stakes and holdings (Wikidata)

  • Atmosphère

Things Wikidata records the company as owning, with the share when stated.1

The story

Founded by François Legault on Dec 1986, in Montreal.1

Early years (1986–1999)

François Legault founded Air Transat with other business partners such as Jean-Marc Eustache, Philippe Sureau, Lina de Cesare, Yvon Lecavalier, and Pierre Ménard.

Air Transat made its inaugural flight on 14 November 1987, from Montreal to Acapulco with a Lockheed L-1011. By April 1988, Air Transat expanded its operations at the Toronto Pearson International Airport, and in May 1988, it completed its very first transatlantic flight between Montréal–Mirabel Airport and Paris-Orly Airport.

In December 1990, the fleet consisted of five L-1011 aircraft. In 1992, three Boeing 727-200s were added.

In 1993, Air Transat assumed defunct Nationair's maintenance base and aircraft.

On 13 March 1997, François Legault left his role as President and Chief Executive Officer of the Air Transat subsidiary, surprising financial markets, the industry, and its partners. The primary reason for his departure was a conflicting vision with his two main partners, Jean-Marc Eustache and Philippe Sureau, regarding the pace of the company's expansion. He sold his shares for an estimated $19 million, before entering politics.

Expansion (2000–2020)

In February 2005, Air Transat relocated its activities from Montréal–Mirabel Airport and officially inaugurated its operational facilities in the Montréal–Trudeau airport zone.

On 13 February 2009, Transat A.T. announced a five-year partnership with CanJet. From 1 May 2009, Transat Tours Canada chartered CanJet's Boeing 737 aircraft flying from Canadian cities to various destinations. This replaced an agreement with Calgary-based WestJet.

On 13 February 2011, Air Transat Flight TS163 operated with the airline's first all-female flight crew from Cancun to Vancouver.

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In 2012, the airline was named World's Best Leisure Airline by Skytrax. The airline reclaimed the global title in 2018 and has won it nearly every year since (2019, 2021, 2023, 2024, and 2025), with the exceptions of 2020 due to the COVID-19 pandemic. In 2022, it was named North America's Best Leisure Airline.

On 12 September 2013, Air Transat struck a seasonal lease deal with Air France–KLM leisure carrier Transavia France, covering the lease of up to nine Boeing 737-800s by 2019. The deal, which extended a 2010 winter capacity agreement, called for Transavia France to lease four 737-800s to Air Transat during winter 2014, five in 2016, six in 2017, seven in 2018, and eight in 2019.

In March 2016, Air Transat's head office in Saint-Laurent, Montreal was named among the greenest head offices in North America according to Corporate Responsibility magazine.

In May 2017, Air Transat and Flair Airlines were accused by a CBC News story of misleading customers and regulators in Canada and Mexico by marketing and selling nonstop tickets between Edmonton and Cancun. CBC uncovered a letter in which the airlines admitted that they would frequently divert for a technical stop to refuel.

In January 2020, Forbes Canada named Air Transat in its list of best employers, to eighth place nationally.

On 17 July 2020, during the delivery of two new Airbus A321LR aircraft from Hamburg to Montreal, Air Transat made history by completing two flights powered by a kerosene blend containing 10% sustainable aviation fuel (SAF), a first for both the Canadian airline and the Airbus facility.

COVID-19 pandemic (2020–2021)

On 18 March 2020, the airline announced a phased grounding of all its flights amidst the COVID-19 pandemic. It halted new ticket sales to dedicate its resources entirely to repatriating an estimated 65,000 customers, working closely with the Canadian government. By 1 April 2020, the carrier had completely suspended all flight operations, forcing the temporarily lay off roughly 70% of its staff, i.e., about 3,600 employees, including the entirety of flight crews. This total shutdown was unavoidable given the airline's reliance on the leisure travel market, which was severely disrupted by international border closures and restrictions on non-essential travel.

The airline opted to provide customers with travel credits rather than cash refunds, a decision that drew sharp criticism from various consumer protection groups. British consumer site MoneySavingExpert named Air Transat as one of the worst-performing travel firms for refunding passengers whose flights or trips were cancelled. The United Kingdom's Civil Aviation Authority (CAA), in a report examining the impact of COVID-19 on airline carriers' treatment of passengers to and from the UK during the pandemic, found that Air Transat was one of the airlines failing to provide cash refunds to passengers whose flights had been cancelled by the airline, in breach of the Flight Compensation Regulation. The regulation requires airlines to refund passengers whose flights are cancelled under any circumstances, including the COVID-19 pandemic; the report also noted that CAA's inquiries, while preparing the report, had resulted in Air Transat assuring it that all cash payments would henceforth be handled properly.

On 23 July 2020, Air Transat launched a gradual and limited flight schedule following a 112-day grounding. On 29 January 2021, the airline was forced to halt all regular flights for a second time as new COVID-19 variants spread. After completing a final round of repatriation flights, the airline suspended operations for another 182 days. Phased flight operations resumed on 30 July 2021.

Recent developments (2021–present)

On 27 May 2021, Transat A.T. co-founder Jean-Marc Eustache retired. He was succeeded by Annick Guérard, who had been Chief Operating Officer since 2017, as she took over the role of President and Chief Executive Officer.

On 25 July 2023, Pratt & Whitney announced the discovery of a rare condition in the powdered metal used to manufacture certain turbine discs for GTF engines, requiring a global recall and inspection program. Air Transat, whose Airbus A321LR fleet is the cornerstone of its business model, was disproportionately affected. To offset the simultaneous grounding of up to six aircraft through 2024, the airline initiated a wet-leasing strategy in December 2023. As global supply chain bottlenecks delayed engine repairs into 2025, Air Transat secured financial compensation agreements with the manufacturer to mitigate the ongoing operational disruptions.

On 28 November 2023, Air Transat and Porter Airlines formed a joint venture to make the two airlines' networks complementary while leveraging their respective markets.

On 21 February 2024, Air Transat announced a multi-year partnership agreement with CF Montréal; it also unveiled an exclusive livery on one of its Airbus A321LRs featuring the soccer club's branding.

On 19 January 2026, Air Transat announced the first phase of its new loyalty program, featuring a line of credit cards in collaboration with Desjardins and Visa. The official launch of the program is scheduled for the second half of 2026.

On 9 February 2026, many Canadian airlines including Air Transat announced the temporary suspension of all flights to Cuba through 30 April 2026, following a severe aviation fuel shortage at the island's airports. On 12 February 2026, also alongside several Canadian airlines, Air Transat suspended flights to the United States due to decline in demand.

From Wikipedia’s article on Air Transat, shared under CC BY-SA 4.0.4

Leadership

Who has led Air Transat, and when. Pick a name to see everywhere that person has worked.

Products and brands

Destinations

Air Transat operates direct international flights to four continents (Europe, North America, South America and Africa) from eastern Canada, namely from Montreal, Toronto and Quebec City. The airline also serves sun destinations during the winter season from several secondary airports in Canada, including Charlottetown, Fredericton, Halifax, London, Ottawa and Windsor.

Codeshare agreements

Porter Airlines (joint-venture partner)

Turkish Airlines

WestJet

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Interline agreements

Air Baltic

Air Mauritius

Aegean Airlines

AeroItalia

Air Europa

ASL Airlines

Avianca

Azores Airlines

Azul

easyJet

Gol Linhas Aéreas

Jet2.com

Norwegian

Pegasus Airlines

SKY Express

Viva Aerobus

Volaris

Volotea

Vueling

Fleet

Current fleet

As of September 2026, Air Transat operates an all-Airbus fleet composed of the following aircraft:

Previously operated

Air Transat has operated several other aircraft types in the past, including:

Airbus A310

Airbus A320

Airbus A321

Airbus A330

Boeing 727

Boeing 737 Classic

Boeing 737 Next Generation

Boeing 757

Lockheed L-1011 TriStar

From Wikipedia’s article on Air Transat, shared under CC BY-SA 4.0.4

Subsidiaries and ownership

Parent company

Also owns

  • Atmosphère

From Wikidata.1

Acquisitions

On 16 May 2019, Transat A.T., the company that owns Air Transat, announced it was in exclusive talks to be purchased by Air Canada for $520 million, representing $13 per share; the same report by the Canadian Broadcasting Corporation stated, "regulatory approvals are no sure thing". Two other bids came through at C$14 per share, namely from Mach Group and Pierre Karl Péladeau through his management company MTRHP. Ultimately, neither of these two rival bids was accepted by Transat A.T.

On 27 June 2019, Transat A.T.'s board accepted Air Canada's all-cash bid, which stated that Air Transat would continue to operate as a separate brand. However, the agreement was conditional on approval from the Competition Bureau and required approval by two-thirds of shareholders. A few major investors and financial analysts stated that the offer was below the true value of the company. By 12 August 2019, Air Canada had increased its offer by nearly 40% to C$18 per share from $13, valuing the acquisition at $720 million (US$544 million), to obtain backing from Letko Brosseau, Transat A.T.'s largest shareholder with 19% of the company. The same day, the Quebec Administrative Court of Financial Markets rejected the rival bid from Groupe Mach.

On 23 August 2019, a 95% majority of Transat A.T.'s voting shareholders approved the $18 per share Air Canada proposal. The proposed transaction was to be publicly assessed by Transport Canada until 2 May 2020, with the buyout to close after that date.

The buyout was delayed by the impact of the COVID-19 pandemic, and the share price of Transat A.T. fell to $5.16 by July 2020, largely due to the collapse in traffic and demand caused by pandemic-related travel restrictions. Consequently, on 10 October 2020, Air Canada revised its offer down from $18 to $5 per share, now representing $180 million.

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On 2 April 2021, Air Canada and Air Transat announced the termination of their merger agreement following a failure to secure European Commission approval, who feared the tie-up would have a negative impact on supply and prices.

From Wikipedia’s article on Air Transat, shared under CC BY-SA 4.0.4

Employees over time

  • 20235,0001

Timeline

  1. Dec 1986Founded Founded in Montreal1

Sources

The numbers on this page point here. Each one links to the record it came from.

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