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Transat rises as Canada grants $700M in crisis loans Sandrine Rastello, Bloomberg News VIDEO SIGN OUT Transat AT Inc., the Montreal-based vacation operator that Air Canada gave up trying to buy earlier this month, obtained $700 million in emergency aid from the Canadian government to stay afloat during the pandemic. The company took loan facilities of $390 million for operations and another $310 million to finance customer refunds for flights canceled during the pandemic. Transat will also issue 13 million warrants to the government to buy shares at $4.50 each. Transat shares jumped o...
Transat Rises as Canada Grants $570 Million in Crisis Loans Bloomberg 4/29/2021 Sandrine Rastello (Bloomberg) -- Transat AT Inc., the Montreal-based vacation operator that Air Canada gave up trying to buy earlier this month, obtained C$700 million ($570 million) in emergency aid from the Canadian government to stay afloat during the pandemic. The company took loan facilities of C$390 million for operations and another C$310 million to finance customer refunds for flights canceled during the pandemic. Transat will also issue 13 million warrants to the government to buy shares...
Transat AT Inc., the Montreal-based vacation operator that Air Canada gave up trying to buy earlier this month, obtained C$700 million ($570 million) in emergency aid from the Canadian government to stay afloat during the pandemic.