A Fair Exchange
Transat A.T. inc. and Thomas Cook Group Airlines have signed a seven-year agreement for the exchange of aircraft on a seasonal basis.
Under the terms of the agreement, Thomas Cook will make available every winter to Air Transat a number of narrow body Airbus A321s and will receive at least one wide-body Airbus A330-200 in return.
That exchange of aircraft will allow each of the companies to manage and utilize their fleets more efficiently. As well, the new deal takes advantage of the different seasonality of the two companies.
Air Transat uses a greater number of smaller aircraft in winter to serve its destinations in the Caribbean, Mexico and Florida, and larger aircraft in summer to serve the transatlantic market.
In contrast, Thomas Cook uses smaller aircraft in summer time to fly to destinations around the Mediterranean Sea and larger wide-body aircraft in the winter to fly to the long-haul destinations like Cuba and the Dominican Republic.
Jean-Marc Eustache, president and CEO of Transat, said: “This agreement marks a new step in the reconfiguration of our fleet. It allows us to improve our flexible-fleet model, making it even more efficient.”
Eustache continued: “Our fleet will eventually consist solely of Airbus A330 and aircraft from the A320 family, such as the A321, which will mean a more harmonized travel experience for our customers as well as lower operating costs.”
Thomas Cook Group’s chief airline officer, Christoph Debus stated that: “The new partnership provides additional growth opportunities for our airline, and again demonstrates how Thomas Cook Group is transforming through partnerships.”
Debus pointed out that: “By taking advantage of the complementary seasonal demand in North America and Europe, we will be able to operate additional long-haul flights during winter and better balance the seasonal demand for our short and medium-haul aircraft, resulting in more cost efficiency and choice for our customers.”