Air Canada has agreed with the Canadian government for loans and shares worth 5.9 billion CADs ($ 4.7 billion) to help flying aeronautical and restore flights to the remote areas of the country.
According to Arab Net, Canada is exported from the company in the 1980s and will again share a stake in the largest airline in Canada, buying 500 million Canadian dollars from stock at a reduced price, according to Bloomberg.
Prime Minister Justin Trudo's government also negotiates guarantee notes as part of a broad funding agreement, Air Canada is eligible for five new credit facilities totaling 5.38 billion Canadian dollars, according to a statement.
In exchange for money, Air Canada has approved restricting stock rebuilding and profit distributions, and maintaining employment at 1 April levels and continuing a deal to buy 33 Airbus SE A220 is made in a Bekic Factory. Executives will not be allowed to earn more than $ 1 million.
The airline will resume its services to outstanding tracks to remote locations such as Jamar and Neveundland Willunev in the maximum north of the country.
The long-awaited advertising will ease tensions between the sector and the Trudo government, which has prevented most foreign travelers from entering the country and made the rules more tougher.
