Air Canada T.AC

Alternate Symbol(s): ACDVF

Industrials Airlines

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.

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Air Canada > OMG, What if?

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Comment by givemeabreak1on May 31, 2021 2:47pm

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Post# 33297033

RE:RE:RE:RE:RE:RE:RE:RE:OMG, What if?

Yes hotdog it was a bailout! It was not just a commercial loan it was a very high risk loan that no one other than a loan shark would have given out! Without the gov loan the unions and private lender would not have participated. I am not sure whether you have had any personal experience with a liquidation. It gets you .10 to .30 on the dollar. If the loan went bad next step was liquidation. So the taxpayers were on the hook. Unfortunately, I took two companies through one the Creditor Protection one through the liquidation route. It can be ugly! Shareholders often get 0 nada.

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