By Reuters Staff
(Adds CEO comment on hotel quarantines)
May 7 (Reuters) - Air Canada on Friday reported its fifth straight quarterly loss as tough government restrictions aimed at curbing the spread of COVID-19 weighed on air travel and drove the company to secure a C$5.9 billion ($4.84 billion) government aid package.
Speaking on an investor call, Air Canada executives said they assume the country’s travel restrictions - which have been more strict than those implemented in neighboring United States - will ease somewhat by the fourth quarter.
Once that happens, they said travel patterns should be similar to those in the United States, where a fast vaccine rollout and falling numbers of COVID-19 cases have driven a surge in travel demand.
MONTREAL (Reuters) - Canadian business jet maker Bombardier Inc. said on Tuesday it expects to exit its 3.1% stake in French rail giant Alstom SA valu.
By Reuters Staff
(Adds context, details)
MONTREAL, April 28 (Reuters) - Struggling Canadian tour operator Transat AT is very close to reaching a financial aid deal with the federal government involving a loan, two sources familiar with the matter told Reuters on Wednesday.
The deal would involve a loan under Canada’s Large Employer Emergency Financing Facility (LEEFF), the sources said on condition of anonymity because the talks are confidential.
Transat, which is scheduled to hold its annual general meeting on Thursday, declined to comment. The federal finance ministry, which is leading the talks with Transat, was not immediately available for comment.
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MONTREAL Struggling Canadian tour operator Transat AT is very close to reaching a financial aid deal with the federal government involving a loan, two sources familiar with the matter told Reuters on Wednesday.
The deal would involve a loan under Canada’s Large Employer Emergency Financing Facility (LEEFF), the sources said on condition of anonymity because the talks are confidential.
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Transat, which is scheduled to hold its annual general meeting on Thursday, declined to comment. The federal finance ministry, which is leading the talks with Transat, was not immediately available for comment.