Winnipeg Free Press By: The Canadian Press Save to Read Later
TORONTO - The parent company of Porter Airlines has reached an agreement with the federal government for loans valued up to $270.5 million, including $20.5 million to refund passengers for flights cancelled during the COVID-19 pandemic.
A Porter airlines flight makes its final approach as it lands at the airport Tuesday July 2, 2019 in Ottawa.THE CANADIAN PRESS/Adrian Wyld
TORONTO - The parent company of Porter Airlines has reached an agreement with the federal government for loans valued up to $270.5 million, including $20.5 million to refund passengers for flights cancelled during the COVID-19 pandemic.
Porter Airlines gets federal loan up to $270.5 million, including money for refunds
Business Related
Yes
A Porter airlines flight makes its final approach as it lands at the airport Tuesday July 2, 2019 in Ottawa.THE CANADIAN PRESS/Adrian Wyld
TORONTO – The parent company of Porter Airlines has reached an agreement with the federal government for loans valued up to $270.5 million, including $20.5 million to refund passengers for flights cancelled during the COVID-19 pandemic.
Porter Aviation Holdings Inc. says it will use the money primarily as a capital reserve during the pandemic recovery period.
The regional airline based at Toronto’s island airport is the latest carrier to access loans through the government’s Canada Enterprise Emergency Funding Corp.
Porter Airlines gets $270 5M federal loan, including money for refunds 680news.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from 680news.com Daily Mail and Mail on Sunday newspapers.
TORONTO — Some of the most active companies traded Friday on the Toronto Stock Exchange:Toronto Stock Exchange (20,230.26, up 15.14 points.)TC Energy Corp. (TSX:TRP). Energy. Unchanged at $63.02 on . . .