Transat A.T. Inc. is one of the largest integrated tourism companies in the world and the leader in Canada’s holiday travel industry. The Company, which is headquartered in Montreal, has more than 6,000 employees and approximately 17 business units, all operating in the travel and air transportation industries, in Canada, France, the United Kingdom, the Netherlands, Greece, the United States, Mexico and the Dominican Republic. Transat is first and foremost an outgoing tour operator and, as such, offers more than 60 destinations worldwide. It is also vertically integrated, in other words, it procures tourism services not only from thousands of suppliers, but also in large measure from its own business units, all of which are involved in the travel industry. Similarly, it markets its products through third parties as well as via its own distribution network.