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Financings

Transat A.T. arranges sale, leaseback of two engines

By The Northwire Desk — AI Analysis Aug 07, 2025 · 14:46 TRZ · 2.61 Transat AT Inc
TRZ · Price

Executive Summary

  • Air Transat completed a sale and leaseback transaction for two Pratt & Whitney GTF1 spare engines with Rolls-Royce & Partners Finance (RRPF) Engine Leasing Ltd.
  • The transaction is valued at $45 million (U.S.) and is designed to increase the company's liquidity.
  • Proceeds will be used to partly repay debt, redeem outstanding preferred shares, and finance operations.

Key Details

  • Transaction Structure: Sale and leaseback agreement for two Pratt & Whitney GTF1 spare engines.
  • Counterparty: Rolls-Royce & Partners Finance (RRPF) Engine Leasing Ltd.
  • Transaction Value: $45 million (U.S.).
  • Use of Proceeds:
    • Partly repay company debt.
    • Redeem outstanding preferred shares.
    • Finance operations.
  • Operational Impact: Air Transat retains the ability to use the spare engines on an as-needed basis to power its A321LR fleet.

Notable Quotes

  • None provided in the text.
Read the original news release →

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