Travel, Tourism & Hospitality Air Canada signs $4.68bn govt aid package
April 2021 206 Air Canada said that it has entered into a series of debt and equity financing agreements with the Government of Canada, which will allow Air Canada to access up to C$5.879 billion ($4.68 billion) in liquidity. "Air Canada entered the pandemic more than a year ago with one of the global airline industry's strongest balance sheets relative to its size. We have since raised an additional $6.8 billion in liquidity from our own resources to sustain us through the pandemic, as air traffic ground to a virtual halt in Canada and internationally," said Michael Rousseau, President a...
Source: ttnworldwide.com