Jean-Marc Eustache, President and Chief Executive Officer of Transat A.T. Inc., announces the departure of Denis Jacob who was Senior Vice-President, Air Transportation. Mr. Jacob has decided to leave the Corporation in order to pursue personal interests. This decision is effective November 1, 2002.

Mr. Eustache warmly thanked Mr. Jacob, who has worked at Transat for 13 years, first at Air Transat where he held several positions, including that of President and Chief Executive Officer from May 2000 to May 2002, at which time he joined the Transat team at the head office. Mr. Eustache will assume Mr. Jacob's responsibilities.

About Transat A.T. Inc.
Transat A.T. Inc., with its head office in Montreal is an integrated company specializing in the organization, marketing, and distribution of holiday travel. The core of its business consists of tour operators in North America and Europe. Transat is also involved in air transportation, hotel management, and value-added services offered at travel destinations as well as in distribution through travel agency networks. Transat A.T. Inc. is a public corporation listed on the Toronto Stock Exchange (TSE:TRZ). In 2001, Transat recorded revenues of more than $2 billion.