Federal government announces financial support for Air Canada – April 12, 2021
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In a virtual news conference, Chrystia Freeland, the deputy prime minister and minister of finance, and Omar Alghabra, the minister of transport, discuss details of a financial aid package for Air Canada, which has suffered revenue losses due to the COVID-19 pandemic.
The agreement involves $4 billion in repayable loans to Air Canada and a $500-million equity investment by the federal government. Guarantees provided by the airline include job protections, the retention of service on certain regional routes, and refunds for passengers affected by pandemic-related cancellations.