A Mission To Grow In Canada
Thanks to the joint venture created, the two Canadian carriers will look to transform the current landscape with a more competitive offering.
The pair will look towards combining their complimentary networks and thus offer customers many benefits when it comes to travelling.
Air Transat and Porter say this is visible through enhanced travel options across regions such as North, Central and South America, Europe, North Africa, Mexico and the Caribbean.
Utilising the existing networks from Toronto Pearson (YYZ) and Montreal Trudeau (YUL), the firm belief is this will be a defining moment in the Canadian air travel sector.
The pair say that throughout 2024, The Alliance will be gradually implemented as part of a historic agreement.
A Development Of A Relationship
In October of 2022, Air Transat and Porter established their codeshare agreement to a significant amount of attention.
By 2023, Air Transat said they increased traffic by more than 60,000 thanks to the codeshare benefit.
Now, in November of 2023, the pair have signed their revenue-sharing joint venture agreement, and the possibilities are limitless.
At full potential, Air Transat forecasts that 15-18% of passengers aboard their services will connect with a Porter flight. A substantial forecast that indicates the opportunities present through this announcement.
As Air Transat flies to over 60 international destinations and Porter to over 30 in Canada and the United States, the pair will serve over 80 destinations together to enhance connectivity and options.
Comments From Executives
This historic agreement constitutes a significant step forward in executing Transat’s strategic plan and an important milestone in developing a more sustainable competitive network. We are delighted to further extend our collaboration with Porter, a partner that shares our customer-centric approach and values. Through this Alliance, weAnnick Guérard, President and Chief Executive Officer of Transat.
will accelerate the expansion of our transatlantic footprint by allowing us to leverage the domestic market served by Porter, while allowing for a more efficient use of our fleet.
Porter is in the midst of disrupting the North American market through a significant continental expansion that will only be amplified by this Alliance. The flow of passengers on both carriers means that Porter will be able to develop a more robust network by increasing flight frequency on key domestic and transborder routes, and entering into new markets with less point-to-point traffic. As we continue receiving deliveries of up to 100 new Embraer E195-E2 aircraft, our options for deploying this fleet are even greater based on this collaboration with Air Transat.Michael Deluce, President and CEO of Porter.
Air Transat’s Fleet
Air Transat operates a fleet of 33 in-service aircraft, per the latest data.
The company heavily relies on the A321 family with 21 active units. This is spread across the A321-200 and next-generation A321neo.
Air Transat still has some AIrbus A330s operational. However, fleet data indicates that four units remain parked. These A330s also average an age of 19.1 years.
What Aircraft Does Porter Fly?
Porter Airlines meanwhile operates 48 in-service aircraft. However, this spread across a much more simplified fleet.
The airline operates 25 in-service Dash 8 Q400 aircraft averaging an age of 13.8 years.
However, the actual game changer for Porter has been the acquisition of the Embraer E195-E2s, with 23 already in service.
These jets only average an age of 0.6 years and are pivotal in Porter’s recent expansion and upcoming route launches.