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The federal government’s blockbuster financial aid plan for Air Canada amid the COVID-19 pandemic shares similarities — and stark differences — with its contribution to the bailout of two Detroit automakers during the global financial crisis more than a decade ago. Here’s a comparison of the two multibillion-dollar rescue deals: Pre-crisis standing Canada’s largest airline […]
(CP) The federal government's blockbuster financial aid plan for Air Canada amid the COVID-19 pandemic shares similarities - and stark differences - with
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...
Feds' next COVID challenge: how to keep 'pre-loaded stimulus' from fleeing Canada Hilary Punchard, BNN Bloomberg VIDEO SIGN OUT Kevin Yeung has been working from home for almost an entire year, but that hasnât stopped him from making plans to travel as soon as COVID-19 is in the rear view. âOnce itâs finally all over I want to go to Hong Kong for sure. Iâve had the idea of living there for a long time now and I feel after been confined to Toronto for so long it makes me want it even more,â the 24-year-old social media producer for TSN, said in an interview.
Sky Regional Airlines Inc. will shut down at the end of March after Air Canada said it was ending its contract with the company.Sky Regional, which had ...