Source: Ben Cousins, Sarah Turnbull, ctvnews.ca, April 13, 2021
As part of the recent agreement, Air Canada has agreed to several stipulations.
OTTAWA — Air Canada and the federal government have reached an agreement on a $5.9-billion aid package that the company says will speed up customer refunds, protect industry jobs and return service to some communities that were shuttered due to the COVID-19 pandemic.
In a news release, Air Canada said the $5.879-billion liquidity agreement includes $4 billion in loans, a $500 million investment in Air Canada shares and a separate $1.4-billion loan to help facilitate customer refunds.
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