Air Transat (TSX: TRZ) - A deplorable situation demonstrating the Board of Directors' inability to ensure the company's long-term viability.

Pierre Karl Péladeau, on behalf of Financière Outremont Inc., offers to mediate with the pilots and management.

MONTREAL, Dec. 7, 2025 /CNW/ - Pierre Karl Péladeau, on behalf of Financière Outremont inc. ("Financière Outremont"), which holds nearly 10% of the shares of Transat AT inc. ("Transat" or the "Company"), deplores the situation in which the tour operator's passengers find themselves today, left in uncertainty due to a labour dispute with its pilots, as the Christmas holidays approach.