Rectification by Transat regarding Air Transat flights

Montreal, June 13, 2008

Despite certain interpretations by the media, Transat and Air Transat currently have no intention whatsoever of grounding aircraft in the short, medium or long terms. Despite the significant rise of the cost of aircraft fuel, sales are up materially over last year, and there is no indication of a change in that trend.

About Transat
Transat A.T. Inc. is an integrated international tour operator with more that 60 destination countries and that distributes products in over 50 countries. A holiday travel specialist, Transat operates mainly in Canada and Europe, as well as in the Caribbean, Mexico and the Mediterranean Basin. Montreal-based Transat is also active in air transportation, destination services, accommodation and distribution. (TSX:TRZ.B; TRZ.A ).

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