The government of Canada on Monday agreed to a bailout package for Air Canada (TSX: AC), the nation’s largest airline, that includes a combination of low-interest loans and equity. The move comes one year after the U.S. came to the aid of domestic airlines facing a catastrophic loss of business because of the coronavirus pandemic and months of pleading from industry and labor for help to preserve the aviation sector.
The government will take a CA$500 million ($386.2 million) stake in Air Canada...
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