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

Mr. Andrean Gagne reports AIR TRANSAT COMPLETES SALE AND LEASEBACK TRANSACTION OF TWO ENGINES Air Transat, a subsidiary of Transat A.T. Inc., has entered into an engine sale and leaseback agreement for two Pratt & Whitney GTF1 spare engines with Rolls-Royce & Partners Finance (RRPF) Engine Leasing Ltd. The transaction, valued at $45-million (U.S.), will allow the airline to increase its liquidity while continuing to use the spare engines on an as-needed basis to power its A321LR fleet. Proceeds from the sale will be used to partly repay the company's debt and/or redeem outstanding preferred shares and to finance its operations. About Air Transat Founded in Montreal in 1987, Air Transat is a leading travel brand voted 2025 World's Best Leisure Airline by passengers at the Skytrax World Airline Awards. Its program offers access to international destinations, mainly in Europe, the Caribbean, the east coast of the United States, South America and North Africa. Air Transat is recognized for its excellent customer service. Its fleet includes some of the most energy-efficient aircraft in its category. Based in Montreal with major hubs in Montreal-Trudeau International Airport and Toronto Pearson Airport, it has 5,000 employees with a common purpose to bring people closer together. Air Transat is a business unit of Transat A.T.