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Transat to tap up to $150 million in federal aid as airlines struggle with fuel costs
Transat will draw the aid in monthly tranches as the loan is tied to fuel costs through Oct. 31, with 3.91% annual interest.
Summary by Winnipeg Free Press
10 Articles
10 Articles
Transat A.T. announces that it has entered into a new $150 million loan from Ottawa to help it cope with rising fuel prices.
·Montreal, Canada
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Under pressure from rising aviation fuel prices, Transat A.T. will increase its debt by borrowing up to $150 million from Ottawa as part of its program to support air carriers in cashing this shock.
·Montreal, Canada
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The Toronto Star+6 Reposted by 6 other sources
Transat to tap up to $150 million in federal aid as airlines struggle with fuel costs
MONTREAL - Transat A.T. Inc. says it has secured up to $150 million in federal aid to help offset the soaring price of jet fuel caused by the Middle East
·Toronto, Canada
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Total News Sources10
Leaning Left4Leaning Right1Center4Last UpdatedBias Distribution45% Left, 44% Center
Bias Distribution
- 45% of the sources lean Left, 44% of the sources are Center
45% Left
L 45%
C 44%
11%
Factuality
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