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Transat AT Inc T.TRZ

Alternate Symbol(s):  TRZBF

Transat A.T. Inc. is a Canada-based provider of leisure travel particularly as an airline under the Air Transat brand. 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 travel agency network and value-added services at travel destinations. The Company, through its business units, is focused on four business segments: air transportation, outgoing tour operators, destination services and retail distribution. It flies to international destinations in the Americas and Europe, and offers domestic and connecting flights within Canada. Its destination services offer a range of products for customers of outgoing tour operators: hospitality and representation, excursions, tours, sports and other activities, specialty services and others. Its retail distribution consists of providing advice to travelers and selling consumer products.


TSX:TRZ - Post by User

Comment by givemeabreak1on Mar 13, 2021 9:44pm
162 Views
Post# 32794110

RE:RE:RE:You Guys Have More Nerve Than Me!

RE:RE:RE:You Guys Have More Nerve Than Me!Curious I think the acquisition will go through but I would not say a crash landing cannot happen!  I have been through a couple lol!   I am not sure what makes you say the regulator is not in a position to block the transaction given it is unlikely to go through without approval.  Further you really do not know if another offer or offers are waiting in the wings until the EU thing is decided.  The other offers may be less than AC's so mute until you know the EU decision.  The 3rd scenario of course is a Chapter 11 filing!  That does not mean the company is no longer just that they go into creditor protection.  When the happens they may be able to access the large loans needed to get up and running again.  You see the under Creditor Protection the loan becomes one of a debtor in Possession so they have first call on all payments so it is like holding an insurance policy should they not succeed in a reorganization.  Who does lose most if not all their money is shareholders.  Current debt holders get so many cents on a dollar and the company is up and running again and very competetive with reduced debts and shares out!
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