Heading to Guyana: Air Transat Announces a New Non-Stop Route Between Toronto and Georgetown Français
MONTREAL, May 8, 2025 /CNW/ - Air Transat, voted the 2024 World's Best Leisure Airline by Skytrax, is enhancing its winter program with the addition of a new non-stop route between Toronto-Pearson (YYZ) and Guyana's capital, Georgetown (GEO). This service will operate twice weekly, on Tuesdays and Fridays, from December 16, 2025, to April 24, 2026.
"With this new route, we are expanding our presence in South America while optimizing the use of our aircraft," said Sebastian Ponce, Transat's Chief Revenue Officer. "This addition meets a strong demand from the Guyanese diaspora in Canada, while also tapping into a growing market and a leisure clientele curious to discover new destinations."
The flights, launched in consultation with the Guyanese and Canadian authorities and subject to regulatory approvals, will be available for booking within the next few days.
Air Transat will operate the new route with the A321LR, an aircraft renowned for its efficiency. Featuring ergonomic cabins and an advanced inflight entertainment system, the A321LR offers passengers a comfortable and pleasant flight experience. It is also equipped with Club Class seats, so passengers can enjoy a premium experience as they travel to their destination.
Details of Air Transat's full winter 2025-2026 program will be announced soon.
About Air Transat
Founded in Montreal 37 years ago, Air Transat is a leading travel brand voted 2024 World's Best Leisure Airline by passengers at the Skytrax World Airline Awards. Its program offers access to international destinations, mainly in Europe, the Caribbean, the east coast of the United States, South America and North Africa. Air Transat is recognized for its excellent customer service. Its fleet includes some of the most energy-efficient aircraft in their category. Based in Montreal with major hubs in YUL Montréal-Trudeau International Airport and Toronto Pearson Airport (YYZ), it has 5,000 employees with a common purpose to bring people closer together. Air Transat is a business unit of Transat A.T. Inc. (TSX: TRZ). www.airtransat.com
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Cision Canada
an hour ago
- Cision Canada
Cascades Prices Offering of US$400 Million Senior Notes due 2030 Français
KINGSEY FALLS, QC, May 28, 2025 /CNW/ - Cascades Inc. (TSX: CAS) (the "Company") announced today that it has priced its private placement of US$400 million aggregate principal amount of 6.750% Senior Notes due July 15, 2030 (the "Notes"). Cascades USA Inc., a U.S. indirect wholly-owned subsidiary of the Company (the "Co-Issuer"), will be a co-issuer with the Company in respect of the Notes. The Notes will be issued at a price of 100.000% of their principal amount. The closing of the offering of the Notes is expected to occur on June 11, 2025, subject to customary closing conditions. The Company intends to use the proceeds from the offering to redeem all of its outstanding US$206 million aggregate principal amount of 5.125% Senior Notes due January 15, 2026, to repay a portion of the borrowings outstanding under its revolving credit facility and to pay related transaction fees and expenses. The Notes and related guarantees are being offered only to persons reasonably believed to be qualified institutional buyers in reliance on the exemption from registration set forth in Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"), and to non-U.S. persons outside the United States in reliance on the exemption from registration set forth in Regulation S under the Securities Act and upon reliance on the accredited investor exemption in Canada. The Notes and the related guarantees have not been registered under the Securities Act, or the securities laws of any state or other jurisdiction, and may not be offered or sold in the United States or Canada without registration or an applicable exemption from the Securities Act or applicable Canadian securities legislation. This press release shall not constitute an offer to sell, or the solicitation of an offer to buy, any securities, nor shall there be any sales of securities mentioned in this press release in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. Forward-Looking Statements Certain statements in this press release are forward-looking statements within the meaning of securities legislation that involve risks and uncertainties, as well as assumptions that, if they never materialize or prove incorrect, could cause the Company's results to differ materially from those expressed or implied by such forward-looking statements. These statements include, but are not limited to, statements concerning the proposed terms of the Notes, the completion, timing and size of the proposed offering of the Notes and the anticipated use of proceeds from the offering. You should not place undue reliance on these statements. Forward-looking statements include all statements that are not historical in fact, such as information concerning possible or assumed future results of operations, capital expenditures, the outcome of pending legal proceedings and claims, goals and objectives for future operations, including descriptions of the Company's business strategies and purchase commitments from customers, among other things. These statements are often, but not always, identified by words such as "outlook," "believe," "potential," "seek," "predict," "may," "likely," "anticipate," "expect," "plan," "intend," "estimate" or similar or comparable words or expressions. In addition, any statements that refer to expectations, projections or other characterizations of future events or circumstances may be considered forward-looking statements. Management bases these statements on reasonable assumptions, estimates, analysis and opinions, in light of its industry experience, as well as its perception of historical trends, current conditions, expected developments and other factors that management believes to be relevant and reasonable in the circumstances. Factors that could cause future results to differ from results contemplated by forward-looking statements include, but are not limited to, the following: the effect of general economic conditions; political, social and exchange rate risks due to our international operations and the impact of tariffs and other trade barriers on our operations; our ability to successfully manage the demand, supply and operational challenges associated with the effects of widespread public health concerns; the cyclical nature of the markets for some of our products and fluctuations in product pricing and raw material and energy costs; our exposure to significant competition, including competition with firms that may enjoy cost advantages or economies of scale; compliance costs associated with environmental laws and regulations, including unforeseen expenditures as a result of environmental liabilities; impacts of climate change; losses that are not fully covered by insurance; labor disputes or shortages; difficulty recouping our investments in joint ventures or other companies that we do not control; difficulties associated with acquiring companies, or integrating acquired companies, as part of our growth strategy; the impairment of our goodwill or other intangible assets; changes in the control of our equity capital; changes in strategy or management brought about by our existing shareholders or similar changes relating to our control and management; our inability to retain key personnel or attract and retain other talented employees; our inability to protect our information systems against, or effectively respond to, cyber-attacks or other cyber incidents; our significant amount of outstanding indebtedness, our ability to incur additional debt in the future, restrictions on our operations due to the terms of our indebtedness, and potential events of default as a result of our inability to comply with covenants related to our indebtedness; the inability of our subsidiaries to generate sufficient cash flow to meet our debt service obligations; fluctuations in currency exchange rates and market interest rates; fluctuations in the market price of our common stock; and other risk factors discussed under the heading "Risk Factors" in the Company's 2024 Annual Information Form and under the heading "Risk Factors" in the Management's Discussion and Analysis section of the Company's 2024 Annual Report. Although we believe that our forward-looking statements are based on reasonable assumptions, you should be aware that many factors could affect our actual financial condition or results of operations and could cause actual results to differ materially from those expressed in the forward-looking statements. In light of these risks and uncertainties, there can be no assurance that the results and events contemplated by the forward-looking statements contained in this press release will in fact transpire. All forward-looking statements in this press release apply as of the date of this press release or as of the date they were made and, except as required by applicable law, we disclaim any obligation to update or revise any forward-looking statement to reflect changes in underlying assumptions or factors of new information, data or methods, future events or other changes. You should understand that it is not possible to predict or identify all such factors. Consequently, you should not consider any such list to be a complete set of all potential risks or uncertainties. Founded in 1964, Cascades offers sustainable, innovative and value-added packaging, hygiene and recovery solutions. The company employs approximately 9,600 women and men across a network of 66 operating facilities, including 17 Recovery and Recycling facilities which are part of Corporate Activities and joint ventures managed by the Corporation, in North America. Driven by its participative management, half a century of experience in recycling, and continuous research and development efforts, Cascades continues to provide innovative products that customers have come to rely on, while contributing to the well-being of people, communities and the entire planet. Cascades' shares trade on the Toronto Stock Exchange under the ticker symbol CAS. SOURCE Cascades Inc.
Calgary Herald
an hour ago
- Calgary Herald
Varcoe: U.S. air travel demand 'has not recovered' yet from Canadians cancelling trips south, says WestJet CEO
Article content 'If I just look into how our next couple of months are booked, then I see sort of mid-to-high teens (percentage) less bookings than there were a year ago,' he said after the speech. Article content The phenomenon of Canadians opting not to travel to the U.S. has been showing up in cross-border travel statistics for several months. Article content The country's largest airline, Air Canada, reported earlier this month that it was seeing booking on transborder markets drop by low teens percentage points, on average, for the following six months. Article content In April, return trips by Canadians by air fell 20 per cent compared with the same month a year earlier, according to Statistics Canada preliminary figures. Article content Return trips by automobile plunged 35 per cent — the fourth straight month of year-over-year declines in both categories. Article content A research note by ATB Economics on Wednesday pointed out the number of Canadians returning from south of the border through the Calgary and Edmonton airports dropped 5.6 per cent during the first four months of 2025 from year-earlier levels. Article content Article content And it's not just Canadian flyers showing their displeasure with the trade war by shifting their travel patterns. Article content Through April, the number of Canadians returning from the U.S. by both air and road fell 22 per cent, and for Alberta, it decreased eight per cent from the same period last year, said ATB deputy chief economist Rob Roach. Article content The trade conflict will lead to more Albertans travelling to other countries outside the U.S., but it will also likely see more consumers taking vacations and spending their tourism dollars inside the country, Roach said in an interview. Article content 'I do think it's a temporary thing, but it will last and go (on) as long as the trade war is hot,' he said Wednesday. Article content 'They are still tariffs and we are one tweet away — or Truth Social post away — from this blowing up again. So, until there's a sense that things are back to normal, I think we'll see this reflected in the actual numbers.' Article content Article content Article content After Prime Minister Mark Carney met with Trump in Washington earlier this month, the annexation discussion subsided from the White House. Article content However, the U.S. president mentioned it again on social media Tuesday, saying Canada could join his country's Golden Dome defence system for $61 billion but it would cost 'ZERO DOLLARS if they become our cherished 51st state. They are considering our offer!' Article content How long could a travel boycott continue? Article content 'We do assume that at some point in time, there will be some kind of agreement, hopefully,' von Hoensbroech added. Article content 'What we have seen in the past in our industry is that whenever there's a change in demand pattern for political reasons, it's usually transitional, and long-term demand trends usually flow back.' Article content Susan Bell, a senior vice-president with consultancy Rystad Energy, said the decline in travel to the U.S. isn't just coming from Canada, but also from fewer travellers coming from other countries — and it's showing up in less jet fuel demand. Article content About 20 per cent of U.S. aviation fuel demand is typically tied to international flights. Article content
Cision Canada
an hour ago
- Cision Canada
Alpayana Requisitions a Shareholder Meeting of Sierra to Acquire the Remaining Sierra Shares and Replace the Board of Directors
LIMA, Peru, May 28, 2025 /CNW/ - Alpayana S.A.C. (" Alpayana") announces today that it has requisitioned a meeting of shareholders (the " Meeting") of Sierra Metals Inc. (" Sierra") under Section 143 of the Canada Business Corporations Act for the following purposes: i. to approve a second step business combination transaction pursuant to which Alpayana will complete the privatization of Sierra and acquire all of the issued and outstanding common shares of Sierra (the " Sierra Shares") that it does not already own (the " Subsequent Acquisition Transaction"); ii. to remove the six incumbent directors of Sierra, being Miguel Aramburu, Ernesto Balarezo, Wendy Kaufman, Roberto Maldonado, Robert Neal and Beatriz Orrantia, as well as any directors who may be appointed to the Board of Directors of Sierra (the " Board") prior to the Meeting; iii. to set the size of the Board at three directors; and iv. to elect three new directors to the Board, being Fernando Arrieta (CEO, Alpayana), José Cúneo (Partner, Payet, Rey, Cauvi, Peآrez Abogados) and Dustin Perry (CEO, President and Director, Kingfisher Metals Corp.). Alpayana has requested that Sierra call the Meeting by June 3, 2025, and that such Meeting be held no later than July 29, 2025. Alpayana expects that Sierra will promptly call the Meeting and work with Alpayana and its counsel to prepare the management information circular for such Meeting, as Sierra is required pursuant to applicable Canadian laws and the rules of the Toronto Stock Exchange (" TSX") to hold its annual meeting of shareholders by June 30, 2025, and it has not yet done so. Alpayana has also requested that Sierra set June 23, 2025 as the record date for Sierra shareholders entitled to receive notice of and entitled to vote at the Meeting, and that Sierra permit in-person attendance by Sierra shareholders at the Meeting in accordance with corporate governance best practices and guidance. Alpayana was forced to requisition this Meeting as Sierra's management team and Board have been uncooperative in facilitating the transition of management and control to Alpayana following Alpayana's hugely successful take-over bid of Sierra. Alpayana currently owns an aggregate of 202,768,502 Sierra Shares, representing 93.82% of the issued and outstanding Sierra Shares and intends to acquire the remaining issued and outstanding Sierra Shares pursuant to the Subsequent Acquisition Transaction. Following the completion of the Subsequent Acquisition Transaction (which is expected to close shortly following the Meeting), Alpayana intends to cause Sierra to apply to the TSX to delist the Sierra Shares from the TSX and, if permitted by applicable law, cause Sierra to cease to be a reporting issuer (or equivalent) under applicable Canadian securities laws. In accordance with Peruvian securities laws, Alpayana will also launch a local public tender for the number of issued and outstanding shares of Sociedad Minera Corona S.A. that are required to be acquired under Peruvian securities laws, at the price to be established in accordance with such regulations. SHAREHOLDER QUESTIONS Sierra shareholders who have questions about the Meeting or Alpyana's take-over bid of Sierra, may contact Shorecrest Group, the Depositary and Information Agent for the take-over bid, by telephone at 1-888-637-5789 (North American Toll-Free Number), 647-931-7454 (outside North America) or by email at [email protected]. ABOUT ALPAYANA Alpayana Canada Ltd. (" Alpayana Canada") is a Canadian wholly-owned subsidiary of Alpayana and was incorporated for the sole purpose of making the offer to purchase all of the issued and outstanding Sierra Shares. Alpayana is a family-owned private mining company committed to the development and promotion of sustainable and responsible mining. It strives to leave a positive and meaningful legacy by prioritizing the wellbeing of its employees, the communities it impacts and the environment. Alpayana has been operating mines in Peru for over 38 years, has a successful M&A track record, and experience in developing projects with discipline and with a view on long-term intrinsic value. Alpayana has revenues in excess of US$500 million and a robust balance sheet. CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION This document contains "forward-looking statements" (as defined under applicable securities laws). These statements relate to future events and reflect Alpayana Canada's and Alpayana's expectations, beliefs, plans, estimates, intentions, and similar statements concerning anticipated future events, results, circumstances, performance or expectations that are not historical facts. Forward-looking statements include, but are not limited to, statements regarding Alpayana's intentions with respect to acquiring the remaining Sierra Shares, the Meeting, the removal of the incumbent directors and election of new directors to the Board, the Subsequent Acquisition Transaction, the delisting of Sierra Shares from the TSX and Sierra ceasing to be a reporting issuer. Such forward-looking statements reflect Alpayana Canada and Alpayana's current beliefs and are based on information currently available. In some cases, forward-looking statements can be identified by terminology such as "may", "will", "should", "expect", "plan", "anticipate", "believe", "estimate", "predict", "potential", "continue", "target", "intend", "could" or the negative of these terms or other comparable terminology. By their very nature, forward-looking statements involve inherent risks and uncertainties, both general and specific, and a number of factors could cause actual events or results to differ materially from the results discussed in the forward-looking statements. In evaluating these statements, readers should specifically consider various factors that may cause actual results to differ materially from any forward-looking statement. These factors include, but are not limited to, market and general economic conditions (including slowing economic growth, inflation and rising interest rates) and the dynamic nature of the industry in which Alpayana operates. Although the forward-looking information contained in this document is based upon what Alpayana Canada and Alpayana believe are reasonable assumptions, there can be no assurance that actual results will be consistent with these forward-looking statements. The forward-looking statements contained in this document are made as of the date of this document and should not be relied upon as representing views as of any date subsequent to the date of this document. Except as may be required by applicable law, Alpayana Canada and Alpayana do not undertake, and specifically disclaim, any obligation to update or revise any forward-looking information, whether as a result of new information, further developments or otherwise.
