Ottawa Prepares Long-Awaited Bailout Package for Canadian Airlines

Ottawa Prepares Long-Awaited Bailout Package for Canadian Airlines

October 23, 2020 ctn_admin

GlobeandMail – The federal cabinet is deliberating a targeted bailout package for Canada’s airline industry that includes offers of low interest loans and rollbacks of airport fee increases to help it cope with the fallout from the coronavirus pandemic.

The package of options that cabinet is reviewing recognizes that air travel is essential to the Canadian economy, and could come in the November economic statement or the next federal budget, expected in February or March, according to a senior government official and three industry sources.