On December 1, 2025, Transat A.T. Inc. confirmed that its Board of Directors has received a formal requisition from a dissenting shareholder requesting an extraordinary meeting of shareholders to vote on proposed changes to the Board. In addition, the Company stated that the Board regularly engages with shareholders, including Financière Outremont Inc, owned by Pierre Karl Péladeau, and recent meetings with Péladeau and his team explored constructive solutions, including potential changes to board composition. Further, the Company stated that its Board and management have a clear, disciplined plan for the company and remain confident in their strategy to create long-term value, the request is being reviewed for validity and implications under the Business Corporations Act, and it stated that the shareholders do not need to take any action at this time, the Board will respond in due course.