Transat AT Inc T.TRZ

Alternate Symbol(s): TRZBF

Industrials Airlines

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.

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Transat AT Inc > Interesting!

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Comment by lb1temporaryon Apr 27, 2021 4:16am

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RE:RE:RE:RE:Interesting!

Thanks for the Finance 101 lesson.

The purpose of bailouts is exactly to save corporations from bankruptsy

But I used the word ''bankruptcy'' in general, not technically , meaning serious financial problems.

Anyway, your creditor protection proposition could not succeed, the creditors position was only at 203 M$ at Jan 31,2021 and decreasing quarter after quarter with a 302 M$ unrestricted cash in hand. The Lt debt holders were at 902M$ almost all secured with 774M$ for planes leasing. There's no creditors to washed, or willing to be washed.

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