Page 14 - Development Canada News Today

Last year was one of the worst on record for climate change-related disasters, yet Canada’s federal government spent $18.6 billion supporting the fossil fuel and petrochemical industry, according to a new Environmental Defence report.

Marc Miller, minister of immigration, refugees and citizenship, was at the Association du camionnage du Québec (ACQ)offices on Monday to discuss industry

Conrad, known for founding Alphabet’s Verily, recently joined Harrison at VC firm S32.

A new report says the federal government is providing billions of dollars in financial support for the fossil fuel industry, despite measures announced last year to limit subsidies.

SpiceJet will pay a comprehensive settlement amount to resolve outstanding liabilities amounting to close to $91 million as per SpiceJet's books of accounts

SpiceJet has agreed with Export Development Canada to settle liabilities worth around $91m, allowing it to take ownership of 13 of 15 aircraft.

BENGALURU (Reuters) -Indian budget carrier SpiceJet said on Tuesday it agreed with Export Development Canada (EDC) to settle liabilities worth around $91 million, allowing it to take ownership of 13 of 15 Bombardier Q400 aircraft financed by the Canadian trade finance agency. "This settlement marks the biggest breakthrough in SpiceJet's financial restructuring efforts to date," the airline said in a statement. SpiceJet has over the last few months reached settlements with multip...

UPDATE 2-India's SpiceJet to own 13 Bombardier Q400 planes after $91 mln settlement, shares soar

BENGALURU (Reuters) -Indian budget carrier SpiceJet said on Tuesday it agreed with Export Development Canada (EDC) to settle liabilities worth around $91 million, allowing it to take ownership of 13 of 15 Bombardier Q400 aircraft financed by the Canadian trade finance agency. "This settlement marks the biggest breakthrough in SpiceJet's financial restructuring efforts to date," the airline said in a statement. SpiceJet has over the last few months reached settlements with multip...

Under the agreements terms, SpiceJet will acquire full ownership of 13 EDC-financed Q400 aircraft, bolstering the airlines operational capabilities and fleet management.