Business
Transat announces the closing of the sale of its land property in Mexico
Transat announces the closing of the sale of its land property in Mexico Canada NewsWir...
About this update from Transat A.t. Inc.
[{"type":"text","content":"\n \n \n \n Transat announces the closing of the sale of its land property in Mexico\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prngen3{\nPADDING-RIGHT:0.17em; PADDING-LEFT:0.17em; VERTICAL-ALIGN: BOTTOM; TEXT-ALIGN: RIGHT; BORDER-TOP:black 1pt; BORDER-RIGHT:black 1pt; BORDER-BOTTOM:black 1pt; BORDER-LEFT:black 1pt\n}\n.prngen2{\nPADDING-RIGHT:0.17em; PADDING-LEFT:0.17em; VERTICAL-ALIGN: BOTTOM; BORDER-TOP:black 1pt; BORDER-RIGHT:black 1pt; BORDER-BOTTOM:black 1pt; BORDER-LEFT:black 1pt\n}\n.prnml4{\nMARGIN-TOP:0em; MARGIN-RIGHT:0em; MARGIN-BOTTOM:0em; MARGIN-LEFT:0.33em !IMPORTANT\n}\n.prnbcc{\nBORDER-COLLAPSE: COLLAPSE\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n MONTREAL\n \n \n ,\n \n \n Aug. 31, 2023\n \n \n /CNW/ - Transat A.T Inc. (« Transat » or the « Corporation ») today completed the sale of its land in\n \n Puerto Morelos, Mexico\n \n , for\n \n US$38 million\n \n to Finest Resorts, a luxury resort group, part of the Excellence Collection.\n \n \n Initially\n \n announced\n \n on\n \n July 10\n \n , this transaction will enable Transat to pursue its strategic plan of refocusing on its airline activities.\n \n \n Proceeds from the sale will be used to repay a portion of the Corporation's debt.\n \n \n \n About Transat\n \n \n \n Founded in\n \n Montreal\n \n 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)\n \n \n www.transat.com\n \n \n \n \n \n \n \n \n \n Media:\n \n \n \n \n \n \n Andréan Gagné\n \n \n \n \n \n \n \n \n \n \n \n Senior Director, Public Affairs and Communications\n \n \n \n \n \n \n \n \n \n \n \...