Transat secures $700M deal with feds, intends to issue customer refunds It says affected customers will receive a notice informing them of their options.The Montreal-based airline’s operations have been grounded since the Canadian government’s request in January to stop travel to Mexico and the Caribbean because of the COVID-19 pandemic. ‘There’s a lot of pent-up demand’: Is it time to book your post-COVID-19 travel?
Transat reached a deal with Ottawa last month to borrow up to $700 million, nearly half of which will go toward refunding travellers.The company sought the support after Air Canada withdrew its $190-million bid for Transat after learning that European Union regulators would not allow the deal to go ahead.