On February 19, 2026, Financière Outremont Inc., an investment Company held by Pierre Karl Péladeau, announces that despite months of good faith negotiations with Transat A.T. Inc.?s Board of Directors and in conjunction with other shareholders, it has failed to reach a satisfactory agreement that would see Transat re-capitalized, re-vitalized and re-positioned for growth. Pierre Karl Péladeau stated that it seems the Board is more concerned with maintaining the status quo and avoiding any bruised egos than it is with making a real commitment to meaningful change. Pierre Karl Péladeau added that he has been in ongoing negotiations to find a solution that brings the necessary human and financial capital to the table to avoid the cost and distraction of a contested shareholder meeting.
Pierre Karl Péladeau calls on shareholders to vote for his 3 nominees, Andre Brosseau, Jean-Marc Léger, and Pierre Karl Péladeau, using the management form of proxy.
