Air Transat and Thomas Cook Sign 7 Year Aircraft Exchange Agreement
Posted: Mon Oct 02, 2017 8:12 am
Looks like Transat has taken a page out of Sunwing's book to swap aircraft back and forth across the Atlantic with a long-term European partner. Good to see as it appears to be a well thought out approach that should help Transat right-size its fleet and remain a healthy competitor in the Canadian market. I don't think it will surprise anyone but this is also the first official mention I have seen that Transat plans to phase out its 737s and move to an all Airbus fleet.
Full article: http://markets.businessinsider.com/news ... 1002913577Transat A.T. Inc. continues its fleet reconfiguration, signing an agreement with Thomas Cook
PR Newswire
Oct. 2, 2017, 07:00 AM
"Our fleet will eventually consist solely of Airbus aircraft, which will mean a more harmonized travel experience for our customers as well as lower operating costs," says Jean-Marc Eustache, President and CEO
MONTREAL, Oct. 2, 2017 /CNW Telbec/ - Transat A.T. Inc. is pleased to announce the signing of a seven-year agreement with Thomas Cook Group Airlines for the exchange of aircraft on a seasonal basis. Under the terms of the agreement, Thomas Cook will make available every winter to Air Transat a number of narrow body Airbus A321s and will receive at least one wide-body Airbus A330-200 in return. This will enable both companies to manage and utilize their fleet more efficiently.