Following the interruption of Canada 3000's activities, Air Transat announces that it has made adjustments to its own operations with a view to meet, insofar as possible, the needs of tour operators who had chartered Canada 3000 seats, in order to ensure continued service. These adjustments include adding flights or increasing capacity out of Toronto and Montreal. Added volumes remain minimal and, for the time being, will target only autumn flights. Information regarding the winter season will be released at a later time depending on the evolution of the situation.

These changes may affect flight schedules. Air Transat therefore recommends that passengers contact their travel agents to obtain updates on their new flight times. As far as Canada's 3000's scheduled flights are concerned, Air Transat will offer preferential rates on its own routes with a view to assist passengers remaining on location. Passengers are requested to contact their travel agent to avail themselves of these rates.

About Air Transat
Founded in 1987, Air Transat specializes in charter flights from several Canadian and European cities to vacation destinations, mainly to the south during the winter months and to Europe and Canada during the summer. Year- round, Air Transat links Canada's principal cities. Air Transat's fleet of 22 aircraft serves 90 destinations in 25 countries.In 2000, Air Transat carried 3.3 million passengers. Air Transat is a subsidiary of Transat A.T. Inc. an integrated company specializing in the organization, marketing, and distribution of holiday travel. The core of its business consists of tour operators in Canada and France. Transat is also involved in air transportation, hotel management, and value-added services offered at travel destinations as well as in distribution through both travel agency networks and e-commerce initiatives. Transat A.T. Inc. is a public corporation listed on the Toronto Stock Exchange (TSE: TRZ). In 2000 Transat recorded revenues of $1.9 billion.