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Air Canada seeks a loan from the government

Ottawa, Canada - The request for CAD 200 million

To face the current situation of low cash availability, Air Canada is understood to have asked Ottawa's government for a CAD 200 million (about € 127 million) loan, Canadian finances minister, Jim Flaherty stated. "Air Canada - Flaherty said - has had some discussions with Export Development Canada about possibly borrowing on commercial terms, but those are discussions that are ongoing". Unnamed s...

AVIONEWS - World Aeronautical Press Agency - 1105939
Rome, Italy, 06/17/2009 13:53
AVIONEWS - World Aeronautical Press Agency

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