Government Pressured to Help Air Canada
Reuters
The Canadian government, under pressure to rescue the country’s troubled airline industry, said it will take “firm action” to maintain the viability of debt-laden flagship carrier Air Canada.
Transport Minister David Collenette also opened the way for a major restructuring of Air Canada, the country’s biggest airline and the 10th-largest carrier in the world.
Air Canada is looking for an aid package of around $1.9 billion to $2.5 billion.
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