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Transat AT Inc T.TRZ

Alternate Symbol(s):  TRZBF

Industrials Airlines
Transat A.T. Inc. is a Canada-based integrated international tourism company specializing in holiday travel. The Company offers vacation packages, hotel stays and air travel under the Transat and Air Transat brands to some 60 destinations in more than 25 countries in the Americas and Europe. The Company's core business consists of a Canadian leisure airline, offering international and Canadian destinations, and is vertically integrated with its other services of holiday packages, distribution through a dynamic travel agency network and value-added services at travel destinations. It flies to international destinations in the Americas and Europe, and offers domestic and connecting flights within Canada, and carries some 5 million passengers every year. Its destination service offers a range of products for customers for outgoing tour operators, such as hospitality and representation, passenger transfers, excursions, tours, sports and other activities, and specialty services.


TSX:TRZ - Post by User

Transat AT Inc > New deal $5
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Comment by Curious777on Oct 11, 2020 2:34am
364 Views
Post# 31702065

RE:RE:RE:New deal $5

RE:RE:RE:New deal $5
I agree - and my understanding is that Transat needed this new covid-context adjusted offer to obtain the loan and autonomy - allowing new offers to come in.
I trust the most important part of the P.R. is:
"Securing Air Canada's consent to put in place the new loan facility was critical in the decision to revisit the terms of the original agreement with Air Canada" said Jean-Yves Leblanc , Chair of the Special Committee of the Board of Directors of Transat..."
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