Transat Finalizes Canada Loan Terms to Offset Higher Fuel Costs -- Market Talk

1632 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)