Sky Money

Transat Builds Tour Portfolio

  • Fresh off the collapse of its proposed merger with Air Canada, Transat is making corporate moves that could boost its tour business. The company has acquired the remaining 30 percent stake in TraficTours Canada and taken full control of the company. TraficTours provides on-the-ground transportation and tour options to travelers in certain markets. Transat said the acquisition will strengthen its presence in Mexico, the Dominican Republic and Jamaica.
  • SKY Leasing has closed its $663 million SLAM 2021-1 secured notes issue. The transaction is split between a $592 million series A tranche with a 2.434 percent interest rate, and a $70.7 million B tranche with a 3.422 percent rate. Proceeds from the transaction will allow the San Francisco-based lessor to acquire a portfolio of 16 Airbus and Boeing aircraft, including 10 A321neos.

— Edward Russell

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