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Business & Finance

Reuters exclusively reports Canada confirms airline aid plans after Reuters exclusive

Reuters reported exclusively that Canada is finally close to an aid package for airlines that will likely offer low-interest loans to carriers versus taking outright stakes, eight months after the COVID-19 pandemic decimated air travel. Several countries, including the U.S., have offered billions in direct emergency support to their airlines. But Canada – the world’s second largest country by area and one heavily dependent on airline travel to connect remote regions – has not. Transport Minister Marc Garneau later issued a statement saying the government is ready to start talks with the airlines on financial aid that could come in the form of loans or other support.

Article Tags
Topics of Interest: Business & Finance
Type: Reuters Best
Sectors: Equities
Regions: Americas
Countries: Canada
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text
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