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Air Canada T.AC

Alternate Symbol(s):  ACDVF

Air Canada is an airline company. The Company is a provider of scheduled passenger services in the Canadian market, the Canada-United States (U.S.) transborder market and the international market to and from Canada. It provides scheduled service directly to more than 180 airports in Canada, the United States and internationally on six continents. The Company’s Aeroplan program is Canada's premier travel loyalty program, where members can earn or redeem points on the airline partner network of 45 airlines, plus through a range of merchandise, hotel and car rental rewards. Its freight division, Air Canada Cargo, provides air freight lift and connectivity to hundreds of destinations across six continents using its passenger and freighter aircraft. Its Air Canada Vacations is a tour operator, which is engaged in developing, marketing, and distributing vacation travel packages in the outbound/inbound leisure travel market. Air Canada Rouge is Air Canada's leisure carrier.


TSX:AC - Post by User

Post by rexrexon Oct 23, 2020 8:23am
142 Views
Post# 31770362

AIRLINE BAILOUT NEWS

AIRLINE BAILOUT NEWSSpeculation about a potential bailout package for Canada's airlines is ramping up this morning after The Globe and Mail reported the federal cabinet is mulling targeted aid for the industry -- with low interest loans, airport-fee relief, and direct equity investments (although not for the largest airlines) on the table. That's all according to unidentified sources, and it comes less than 24 hours after Industry Minister Navdeep Bains told our David George-Cosh during a media availability that "all options" are being considered. We'll evaluate how soon the aid is needed to avoid more cuts and whether there are any poison pills for the industry if the government attaches conditions to its offer. https://www.bnnbloomberg.ca/the-daily-chase-airline-bailout-speculation-ramps-up-trump-stokes-vaccine-hope-1.1512132
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