Thomas Cook and Jazz Air Sign Deal

by Alister POOLE on April 6, 2010

Canadian regional carrier Jazz Air said on Monday that they have signed a deal for flight services with international tour operator Thomas Cook, which is based in the UK. It is expected that this deal will add 100 million Canadian dollars per year to the airline’s revenue, which is about six percent to seven percent of the 1.5 million Canadian dollars the carrier made in operating revenue last year. The agreement will also fly consumers of Thomas Cook to destinations in the south beginning winter of this year.

Through the deal, Jazz Air will operate at least six Boeing 757-200 passenger aircraft for Thomas Cook beginning this November. The initial deal will continue until April 30, 2012, which will cover 2 winter seasons. However, the deal may be extended until the same date in 2015 if the two companies can agree on pricing terms for an additional three seasons.

Michael Friisdahl, the CEO of Thomas Cook North America, said that they are proud to partner with Jazz Air to offer high-quality in-flight services to their passengers as part of the Sunquest vacation experience. By combining Sunquest Vactions, the recognized quality of Thomas Cook Airlines and the leading operations of Jazz Air, he added, they will create a unique experience that can’t be matched in the marketplace of Canada.

Jazz Air president and CEO Joseph Randell said that growing and diversifying their business is a top priority for the company. This deal with Thomas Cook is a great beginning that will deliver value to all of their investors, he added.

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