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Air Canada aid package gives government equity stake in airline: Freeland

Deputy Prime Minister Chrystia Freeland on Monday announced the details of a federal aid package for Air Canada, which she said includes $4 billion in repayable loans to the airline and an equity investment of $500 million. She said the financial support will have “strict conditions” attached, including the resumption of suspended service to regional communities, refunds for “pandemic-related cancellations,” and the protection of workers’ jobs, pensions and collective agreements. Freeland added that Air Canada will also have to provide “climate-related discosures.”
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