Canadian air carriers Air Transat Porter Airlines are transforming their existing code sharing agreement into a full joint venture alliance, shacking up the Canadian aviation market. The joint venture will combine both airlines networks offering additional travel options between Canada and abroad. Together, the new joint venture expects to open up an estimated 80 new destinations. Implementation expected to begin in 2024.
A Strengthening Force Against Competing Airlines
Porter Airlines has been undergoing a rapid growth following the intake of new Embraer E195E2 jets operating domestic and transborder destinations. With the new joint venture alliance the strengths of the two airlines will be integrated, domestic and transborder short- and medium-haul for Porter, and international medium- and long-haul for Air Transat operations. Michael Deluce, President and CEO of Porter has this to say on the historic joint venture, “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.” As the joint venture evolves expect to see more integration information beginning 2024.
