Air Transat Boosts Liquidity with Engine Sale-Leaseback Deal

The latest announcement is out from Transat AT V & VV ( (TSE:TRZ) ).

Air Transat has completed a sale and leaseback agreement for two Pratt & Whitney GTF spare engines with Rolls-Royce & Partners Finance, valued at US$45 million. This transaction will enhance the airline’s liquidity, enabling it to repay debt, redeem preferred shares, and fund operations, thereby strengthening its financial position and operational flexibility.

The most recent analyst rating on (TSE:TRZ) stock is a Sell with a C$1.50 price target. To see the full list of analyst forecasts on Transat AT V & VV stock, see the TSE:TRZ Stock Forecast page.

Spark’s Take on TSE:TRZ Stock

According to Spark, TipRanks’ AI Analyst, TSE:TRZ is a Neutral.

The overall score reflects a challenging financial position with some positive cash flow management and earnings call highlights. Technical and valuation metrics remain weak, offset by positive corporate events signaling strategic efforts for improvement.

To see Spark’s full report on TSE:TRZ stock, click here.

More about Transat AT V & VV

Air Transat, founded in Montreal in 1987, is a leading travel brand recognized for its excellent customer service and energy-efficient fleet. It offers access to international destinations, primarily in Europe, the Caribbean, the east coast of the United States, South America, and North Africa. Air Transat operates from major hubs at YUL Montréal-Trudeau International Airport and Toronto Pearson Airport (YYZ) and employs 5,000 people.

Average Trading Volume: 124,085

Technical Sentiment Signal: Buy

Current Market Cap: C$104.3M

See more insights into TRZ stock on TipRanks’ Stock Analysis page.