Post by
rexrex on Oct 23, 2020 8:23am
AIRLINE BAILOUT NEWS
Speculation 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
Comment by
MisterStocks on Oct 23, 2020 8:24am
v.AAP.H is on the WATCHLIST=RECORD VOLUME PAST 2 DAYS
Comment by
rexrex on Oct 23, 2020 8:55am
So safe to say low interest loans with flexible payment and maturity date is on the table for Air Canada.