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Transat Hits Highest Since March as It Plans July 30 Restart

  • Vacation seller to resume operations after six-month hiatus
  • Company to discontinue hotel division, seek partnerships
Transat AT Inc., the vacation operator that Air Canada tried to buy, will discontinue its nascent hotel division and increase its presence in Eastern Canada in an effort to restart its business and return to profit.

Transat AT Inc., the vacation operator that Air Canada tried to buy, will discontinue its nascent hotel division and increase its presence in Eastern Canada in an effort to restart its business and return to profit.

Photographer: Brent Lewin/Bloomberg

Updated on

Transat AT Inc., the vacation operator that Air Canada tried to buy, will discontinue its nascent hotel division and increase its presence in Eastern Canada in an effort to restart its business and return to profit.

The Montreal-based company will gradually resume operations starting July 30, it said in a statement on Thursday. As part of its new strategy, it plans to seek partnerships with other carriers to expand its network, renegotiate some aircraft leases and real-estate contracts, and narrow its fleet to only two Airbus SE plane models.