ALL IAMAW MEMBERS -EXCLUSIVITY PURCHASE AGREEMENT BETWEEN AIR CANADA AND TRANSAT A.T. INC. -UPDATE No. 2 -District 140 Bulletin

IMPORTANT MESSAGE

TO ALL IAMAW MEMBERS

EXCLUSIVITY PURCHASE AGREEMENT
BETWEEN AIR CANADA AND TRANSAT A.T. INC.
UPDATE No. 2

Dear Brothers and Sisters:

Air Canada and Air Transat have announced that they have concluded a
definitive Arrangement Agreement that provides for Air Canada’s acquisition of
all issued and outstanding shares of Air Transat.

As communicated in Bulletin No. 23 issued on June 4, 2019, any acquisition
arrangement would require regulatory approvals.

The IAMAW does not have the ability to determine the outcome of the proposed
acquisition. Air Canada and Transat are the only two parties to the agreement
and are the only parties who can determine the outcome, subject to obtaining
the required regulatory approvals.

Transportation District 140 is the bargaining agent for all IAMAW members at
both Air Canada and Transat. The IAMAW fully commits to represent all of our
members at both companies fairly and equally.

Any changes to the IAMAW collective agreements must be bargained between
the respective companies and the IAMAW. All changes of corporate ownership
that involve unionized workers are subject to compliance with the Canada
Labour Code, and any resultant collective agreements and/or workgroup
mergers are subject to oversight and approval by the Canadian Industrial
Relations Board. The shape and scope of the IAMAW bargaining unit at Air
Canada/Transat will be determined by the new corporate structure and collective
bargaining between the IAMAW and Air Canada/Transat.

At this time both companies will continue to operate separately under their
existing structure for the foreseeable future. The two IAMAW bargaining units
cannot be merged or have their working conditions altered unless agreements
have been bargained.
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EXCLUSIVITY PURCHASE AGREEMENT
BETWEEN AIR CANADA AND TRANSAT A.T. INC.
UPDATE No. 2    Page 2

At this date there are many more questions than answers regarding the
acquisition of Transat by Air Canada or any of the great many issues that
will arise as a result of this acquisition. As such, Transportation District
140 will issue future updates through our website and communication channels as we
become aware of new information relevant to this acquisition.

In Solidarity,

Fred Hospes
President & Directing General Chairperson

BULLETIN NO. 026 – ISSUED JUNE 27, 2019
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