The integrated tour operator will develop its own hotel chain in the South

 

MONTREAL, July 19, 2017  - Transat A.T. Inc. has signed an agreement with H10 Hotels for the sale of its minority 35% interest in Ocean Hotels for an amount of US$150.5 million (Cdn$190 million). Transat remains fully committed to becoming a full-fledged hotel operator and is selling its minority interest in Ocean Hotels in order to accelerate the development of its own hotel chain in the South.

 

This interest sold had a book value of Cdn$109.1 million as at April 30, 2017. The agreement, signed today with H10, which already owns the other 65% of the co-venture created in 2007, is binding and subject to certain usual conditions. The sale price is subject to adjustments at the time of the closing of the transaction by November 2, 2017, and after if necessary.

VANCOUVER, May 23, 2017 - Grande West Transportation Group Inc. (TSXV: BUS; OTC PINK: GWTNF) – ("Grande West" or the "Company"), a Canadian bus manufacturer of heavy-duty mid-sized transit buses for sale in Canada and the United States is pleased to announce new orders for nine (9) Vicinity buses for a combined order total of approximately $4.5 million.

 

Hamilton Street Railway ("HSR") has ordered five (5) compressed natural gas ("CNG") Vicinity buses. This is a first time order for HSR and will be delivered through our eastern Canadian service and sales partner City View in the first quarter of 2018. The City of Moose Jaw also ordered an additional four (4) Vicinity buses.

BARRIE, ONTARIO--(Marketwired - May 19, 2017) - Student Transportation Inc. ("STI") (TSX:STB)(NASDAQ:STB) announced today that the Toronto Stock Exchange (the "Exchange") has approved its notice of intention to approve its normal course issuer bid for a portion of its common shares ("Common Shares") as appropriate opportunities arise from time to time. STI's normal course issuer bid will be made in accordance with the requirements of the Exchange. STI may begin to purchase Common Shares on or about May 24, 2017. The normal course issuer bid will expire on May 23, 2018.

BARRIE, Ontario, May 10, 2017  -- Student Transportation Inc. (TSX:STB) (NASDAQ:STB) ("STI" or "the Company") today announced financial results for the third quarter of fiscal year 2017 ended March 31, 2017. All financial results are reported in U.S. dollars except as otherwise noted.

 

Revenue for the third quarter of fiscal 2017 increased 7 percent to $185.2 million from $173.2 million for the third quarter of fiscal 2016. STI reported net income for the third quarter of $7.9 million, or $0.08 per common share, compared to $3.8 million, or $0.04 per common share, for the third quarter of fiscal 2016. Adjusted EBITDA* increased 10 percent to $43.3 million compared to $39.3 million for the same period last year.

 

"We continue to be encouraged with the performance of our operations and are enthusiastic about the opportunities ahead that are setting up a promising fiscal 2018. We have been developing and implementing numerous programs and initiatives this year that are being installed to improve our operating results for the future.