Share this article Share this article MONTREAL, May 14, 2021 /PRNewswire/ - Letko, Brosseau & Associates Inc., an independent investment manager that exercises investment control or direction over approximately 12.4% of the shares of Transat A.T. Inc. ("Transat" or the "Company"), provides the following comments about the Company. Letko Brosseau has been a shareholder of the Company for many years. Our firm has a long-term investment horizon and views the current challenges the Company faces as temporary. The Company has successfully completed a $700 million financing with the Government of Canada which is expected to provide the resources to deal with the business interruption experienced due to the COVID-19 pandemic. In addition, as Canada completes its national vaccination program against COVID-19, travel will resume.