09:46 AM EST - Transat A.T. Inc. : Reported its Air Transat division has entered into an engine sale and leaseback agreement for two Pratt & Whitney GTF spare engines with Rolls-Royce & Partners Finance (RRPF) Engine Leasing Limited. The transaction, valued at US$45 million, 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 fund its operations. Transat A.T. Inc.
shares T.TRZ are trading unchanged at $2.61.
