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Nepal Airlines selling off planes at ‘junkyard price’ Asia News Network (ANN) is the leading regional alliance of news titles striving to bring the region closer, through an active sharing of editorial content on happenings in the region.

The five grounded Chinese-made aircraft have been more trouble than they are worth, officials say.

Transat rises as Canada grants $700M in crisis loans Sandrine Rastello, Bloomberg News VIDEO SIGN OUT Transat AT Inc., the Montreal-based vacation operator that Air Canada gave up trying to buy earlier this month, obtained $700 million in emergency aid from the Canadian government to stay afloat during the pandemic. The company took loan facilities of $390 million for operations and another $310 million to finance customer refunds for flights canceled during the pandemic. Transat will a...

Transat Rises as Canada Grants $570 Million in Crisis Loans Bloomberg 4/29/2021 Sandrine Rastello (Bloomberg) -- Transat AT Inc., the Montreal-based vacation operator that Air Canada gave up trying to buy earlier this month, obtained C$700 million ($570 million) in emergency aid from the Canadian government to stay afloat during the pandemic. The company took loan facilities of C$390 million for operations and another C$310 million to finance customer refunds for flights cance...

Transat AT Inc., the Montreal-based vacation operator that Air Canada gave up trying to buy earlier this month, obtained C$700 million ($570 million) in emergency aid from the Canadian government to stay afloat during the pandemic.

Transat rises as Canada grants $700M in crisis loans Sandrine Rastello, Bloomberg News VIDEO SIGN OUT Transat AT Inc., the Montreal-based vacation operator that Air Canada gave up trying to buy earlier this month, obtained $700 million in emergency aid from the Canadian government to stay afloat during the pandemic. The company took loan facilities of $390 million for operations and another $310 million to finance customer refunds for flights canceled during the pandemic. Transat will a...

Air Canada Drops as Rescue Plan Sees Government Take Equity Bloomberg 2 hrs ago Sandrine Rastello and Kait Bolongaro (Bloomberg) -- Air Canada shares fell after the company reached a deal with the federal government for loans and equity worth nearly C$5.9 billion ($4.7 billion), making the state a shareholder of the country’s largest airline for the first time since the 1980s. Popular Searches Air Canada declined 2.6% to C$26.29 as of 12:39 p.m. in Toronto. Earlier it droppe...