Air Canada Drops as Rescue Plan Sees Government Take Equity
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 dropped more than 6.6% as the market absorbed the news that Prime Minister Justin Trudeau’s government i...
Source: msn.com