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COVID-19: Canada Responds
Federal Government Announces Financial Support for Air Canada – April 12, 2021
In a virtual news conference, Chrystia Freeland, the deputy prime minister and minister of finance, and Omar Alghabra, the minister of transport, discuss details of a financial aid package for Air Canada, which has suffered revenue losses due to the COVID-19 pandemic. The agreement with Air Canada involves $4 billion in repayable loans and a $500-million equity investment by the federal government. Guarantees provided by the airline in return include employee job protections, the retention of service on certain regional routes, and refunds for passengers affected by pandemic-related flight cancellations.