Air Transat and Porter will create a joint venture to share their respective networks. The two airlines believe that they will be able to offer more routes to their customers by combining their forces.
The new joint venture will “gradually” come into effect in 2024, the airlines announced in press releases. “The two entities remain independent, as do our respective brands,” explains Transat spokesperson Andréan Gagné. This is a commercial agreement. »
Transat serves more than 60 destinations and Porter more than 30 destinations. Their combined network will serve more than 80.
The two carriers emphasized that they had complementary expertise: short and medium-haul domestic and transborder flights for Porter, and medium and long-haul international flights for Air Transat.
Porter and Transat had already concluded a codeshare agreement at the end of 2022. Transat estimates that this agreement made it possible to increase ridership by more than 60,000 people in 2023.
“At full potential,” Transat anticipates that between 15% and 18% of its customers will connect with a Porter flight.
Transat’s shares were stable at $3.03 on the Toronto Stock Exchange in the morning.
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