Transat’s Ability to Secure Financing Critical as Future “Looks Bleak”: Analyst

With the AC deal off, Transat has few options at its disposal, says analyst Puja Tayal: develop a recovery plan and secure long-term financing, find another buyer for its business or, in the worst-case scenario, file for bankruptcy. If Transat fails to find an acquirer or secure $500 million in the financing, it could cease to be a going concern, says Tayal, adding that with fears of the third wave of pandemic looming, the future of Transat “looks bleak.”

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