Transat secures C$700m in government aid
Air Canada said it had secured C$5.9 billion in federal government funding
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- Air Canada said it had secured C$5.9 billion in federal government funding.
Transat, the parent company of Canadian leisure carrier Air Transat, has reached a deal to borrow up to C$700 million ($569 million) from the Canadian government.
The agreement, made through a Canadian pandemic-relief programme, comes four weeks after Transat and Air Canada disclosed that their planned merger had been called off.
In mid-April, Air Canada said it had…
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