Transat A.T. Inc. honoured for promoting tourism in Cuba

Montreal, May 29, 2000

Cubanacan, the leading tourism organization in Cuba, presented Transat A.T. Inc. with an award of excellence for its contribution to the development of tourism on this Caribbean island.

Of all of the international companies that offer packages to Cuba, Transat ranks first in hotel occupancy rates on this Caribbean island, occupying 35% of the available rooms.

“Cubanacan has thus confirmed that Transat is by far the leading international company with regard to the number of hotel rooms used by a single group to market vacation packages,” stated Jean-Marc Eustache, Chairman of the Board and President and Chief Executive Officer of Transat. “Every year, more than 75,000 Canadian and French tourists entrust us with their holiday travel to this sunshine destination, which is one of Transat’s most popular destinations,” he continued.

Transat A.T. Inc., the leader in the Canadian tourism industry, is a public corporation listed on the Toronto Stock Exchange. Through its subsidiaries and affiliated companies, the company is active in all aspects of the organization and distribution of travel services as well as in air transportation.

Air Transat is an air carrier and is a wholly owned subsidiary, as are Air Transat Holidays (Montreal, Quebec City, Toronto, Vancouver, and Fort Lauderdale); Vacances Air Transat (France); Brok’Air (France); Voyages Nolitour (Montreal); and Regent Holidays (Toronto), which are tour operators; Tourbec, a travel agency chain; Consultour/Club Voyages, a travel agency franchisor; Services Haycot, an airport handling services company; Exit Travel, in retail e-commerce; and Cameleon, a hotel management company.

Transat A.T. Inc. holds an interest in tour operators Look Voyages (98%) and World of Vacations (35%), and in the incoming tour operator DMC Transat (66.7%), while Look Voyages holds an interest in STAR Airlines (49.6%).

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