Friday, September 13, 2013

Air Transat leases Boeing 737-800s for the winter

Transat A.T. Inc. announced Friday the signing of an agreement for the seasonal leasing of Boeing 737-800 narrow-body aircraft that will be supplied in the winter by Transavia France, the Air France/KLM Group's French leisure airline. The five-year pact is for four planes for the winter of 2015, five for 2016, six for 2017, seven for 2018 and eight for 2019. The aircraft, which will be operated by Air Transat, will fly to destinations in Mexico and the Caribbean.

On July 24, Transat announced an agreement with the U.S.-based International Lease Finance Corp. for the long-term leasing of four Boeing 737-800s, which will become the core of Air Transat's permanent narrow-body fleet.

"This deal gives us greater flexibility and a significantly improved cost structure,” said Jean-Marc Eustache, president and chief executive officer of Transat. “This strategy is key to our future success and to a return to profitability in winter.”

"By renewing an agreement originally forged between the two companies in 2010, Transavia France is once again improving its flexibility and its ability to adapt to the seasonal nature of its operations,” said Antoine Pussiau, president and chief executive officer of Transavia France.

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