Air Canada, Canadian government agree on pandemic bailout
TORONTO (AP) — Air Canada and the Canadian government agreed Monday on financing that will allow the airline to access as much as $5.9 billion Canadian (US$4.7 billion) to help it recover from the economic damage caused by the pandemic. Deputy Prime Minister Chrystia Freeland said the support includes $4 billion Canadian (US$3.2billion) in loans and $500 million Canadian (US$398 million) in equity that will give the Canadians a stake in Air Canada, which is the country's largest airline. As part of the financial package, Air Canada has ...
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