Air Transat and its flight crew members reach a tentative agreement-in-principle

Montreal, February 17, 2000

Air Transat and ALPA, the union representing its flight crewmembers (pilots and flight engineers) have reached a tentative agreement-in-principle for a new collective agreement.

The tentative agreement in principle was reached following a productive conciliation process that lasted a few weeks and will be submitted shortly to the union members.Both parties are satisfied with the agreement, as it meets its objectives of improving working conditions while maintaining the Company's ability to face the highly competitive conditions of the charter industry.

ALPA (Air Line Pilots Association) is the world’s oldest and largest pilots union, representing 55,000 crewmembers at 51 carriers in Canada and the U.S.

Air Transat, a wholly owned subsidiary of Transat A.T. Inc., is a charter carrier operating from its five main bases in Halifax, Quebec City, Montréal, Toronto et Vancouver. Its fleet of 21 aircraft primarily serves European destinations in summer, and sunshine destinations in the Caribbean, Mexico, the United States and Central and South America in winter. Year-round, Air Transat links Canada’s principal cities. In addition, the airline is designated as a scheduled carrier from Canada to France, the United Kingdom, Germany and Cuba. In 1999, Air Transat carried over 2.7 million passengers. The Corporation employs more than 2,000.