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Transat Seals New Interline Partnership With Iberia in Spain

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Transat AT (TRZ.TO) is expanding its footprint in Spain by striking a new interline partnership with Iberia, the company said on Thursday.

Air Transat passengers can now connect via Madrid to more than 20 popular destinations including Palma de Mallorca, Ibiza, Tenerife and Alicante, a statement said.

The airline now serves five Spanish destinations, including four operated year-round, Madrid, Barcelona, Malaga and Valencia.

"Spain is one of Air Transat's most important international markets, and we are proud to be the airline offering the widest range of Spanish destinations from Canada," said Sebastian Ponce, chief revenue officer at Transat. "This new partnership with Iberia builds on that leadership by giving our customers seamless access, via Madrid, to even more destinations across Spain."

Transat shares were last seen down $0.06 to $2.50 on the Toronto Stock Exchange.

Price: $2.50, Change: $-0.06, Percent Change: -2.34%

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