Newspaper article The Canadian Press

Transat A.T. May Shrink European Presence, Sell Tour Units in France, Greece

Newspaper article The Canadian Press

Transat A.T. May Shrink European Presence, Sell Tour Units in France, Greece

Article excerpt

Transat A.T. may shrink European presence

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MONTREAL - Transat A.T. Inc. (TSX:TRZ) is looking for buyers for some of its European operations but expects to maintain transatlantic service by its airline and Transat Tours Canada.

The Montreal-based travel company says its tour operating business units in France and Greece are up for sale but there's no certainty that a transaction will occur.

The company says it isn't yet in negotiations and that the move is part of its determination to focus on profitable growth in the Americas through development of its tour, distribution and hotel businesses.

It also says Air Transat and Transat Tours Canada would be unaffected if a European sale does occur.

Transat is an integrated travel company that distributes its vacation products in more than 60 countries. …

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