Transat Finalizes Canada Loan Terms to Offset Higher Fuel Costs -- Market Talk
Dow Jones2026/07/28 20:321632 ET - Transat A.T. finalizes agreement with the Canadian government to secure up to C$150 million in financing to help offset higher fuel prices. The travel company had signaled last month its intention to apply for financing under a new credit line the federal government set up to help airlines deal with the rapid rise in energy costs. Transat says it is receiving C$125 million up front, with the possibility of additional drawdowns depending on the hit from fuel. It adds the loan has a four-year maturity and carries an annual interest rate of 3.91%. (paul.vieira@wsj.com)
(END) Dow Jones Newswires
July 28, 2026 16:32 ET (20:32 GMT)
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