Air Canada, Ottawa Strike $4.68Bln Financial Aid Deal - Statement
Umer Jamshaid Published April 13, 2021 | 04:40 AM
TORONTO (UrduPoint News / Sputnik - 13th April, 2021) Air Canada and the Federal government have struck a deal that will see the country's flag carrier be given access of up to $4.68 billion in liquidity through a federal COVID-19 stimulus program for large businesses, the airliner said.
"Air Canada announced today 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 $5.879 billion [$4.68 billion USD] in liquidity through the Large Employer Emergency Financing Facility (LEEFF) program," the company said in a press release on Monday.
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