Live Breaking News & Updates on Air canada shares

Stay informed with the latest breaking news from Air canada shares on our comprehensive webpage. Get up-to-the-minute updates on local events, politics, business, entertainment, and more. Our dedicated team of journalists delivers timely and reliable news, ensuring you're always in the know. Discover firsthand accounts, expert analysis, and exclusive interviews, all in one convenient destination. Don't miss a beat — visit our webpage for real-time breaking news in Air canada shares and stay connected to the pulse of your community

Rivals under pressure to copy Air Canada financing package

The Globe and Mail
Bookmark
Please log in to listen to this story. Also available in French and Mandarin. Log In Create Free Account
Getting audio file ...
This translation has been automatically generated and has not been verified for accuracy. Full Disclaimer
Andrew Vaughan/The Canadian Press
Air Canada’s decision to give the federal government a stake in the country’s airline in exchange for low-cost loans is putting pressure on rival carriers to cut similar deals, and concede a portion of any postpandemic recovery to Ottawa.
The country’s largest airline announced a $5.9-billion government financing package late Monday that could see Ottawa end up owning a nearly 10-per-cent stake of Montreal-based Air Canada. In announcing the program, which was negotiated over several months, federal Finance Minister Chrystia Freeland said: “It was very important to get a good deal for Canadians.”

United-kingdom , Canada , Toronto , Ontario , Ottawa , Canadians , Canadian , Walter-spracklin , Chrystia-freeland , Chris-murray , Raymond-james , Daniel-robert-gooch

Air Canada shares sink after government aid package takes discounted equity stake

The Globe and Mail
Allison Lampert and Ankit Ajmera
Reuters
Bookmark
Please log in to listen to this story. Also available in French and Mandarin. Log In Create Free Account
Getting audio file ...
This translation has been automatically generated and has not been verified for accuracy. Full Disclaimer
Air Canada AC-T shares sank as much as 6.7% on Tuesday after the carrier nabbed a long-delayed federal aid package that provides access to liquidity but gives the government a discounted stake in the airline.
Several analysts cut their price targets for Air Canada after the deal that was revealed on Monday, which gives the Canadian government a roughly 6% stake in the carrier at a discount of 14%.

Canada , Ottawa , Ontario , Canadian , Tim-james , Scotiabank-konark-gupta , Air-canada , Scotiabank , Prime-minister-justin-trudeau , Konark-gupta , Air-canada-stock , Air-canada-shares