Transat announces the closing of the sale of its land property in Mexico
31 Agosto 2023 - 6:45PM
PR Newswire (Canada)
MONTREAL, Aug. 31,
2023 /CNW/ - Transat A.T Inc. (« Transat »
or the « Corporation ») today completed the sale of its
land in Puerto Morelos, Mexico,
for US$38 million to Finest Resorts,
a luxury resort group, part of the Excellence Collection.
Initially announced on July 10,
this transaction will enable Transat to pursue its strategic plan
of refocusing on its airline activities.
Proceeds from the sale will be used to repay a portion of the
Corporation's debt.
About Transat
Founded in Montreal 35 years
ago, Transat has achieved worldwide recognition as a provider of
leisure travel particularly as an airline under the Air Transat
brand. Voted World's Best Leisure Airline by passengers at the 2023
Skytrax World Airline Awards, it flies to international
destinations. By renewing its fleet with the most energy-efficient
aircraft in their category, it is committed to a healthier
environment, knowing that this is essential to its operations and
the destinations it serves. Transat has been Travelife-certified
since 2018. (TSX: TRZ) www.transat.com
Media:
|
Andréan
Gagné
|
|
Senior Director, Public
Affairs and
Communications
|
|
andrean.gagne@transat.com
|
|
514 987-1616, ext.
104071
|
|
|
Financial
analysts:
|
Patrick Bui
|
|
Chief Financial
Officer
|
|
patrick.bui@transat.com
|
|
514 987-1616, ext.
4567
|
|
|
Media
site:
|
https://www.transat.com/en-CA/corporate/media
|
SOURCE Transat A.T. Inc.
Copyright 2023 Canada NewsWire
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