|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.
Transat A.T. Inc. continues its fleet reconfiguration, signing an agreement with Thomas Cook
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.
Full article: http://markets.businessinsider.com/news/stocks/Transat-A-T-Inc-continues-its-fleet-reconfiguration-signing-an-agreement-with-Thomas-Cook-1002913577