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Instauration d un nouveau régime réglementaire | Finance et Investissement
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Viad Corp Reports Results for the 2021 First Quarter
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Takeaways from the government s C$5 9 bln aid package for Air Canada
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On March 15, shares of
Air Canada(TSX:AC) closed at $29.80. Yet on April 15, the stock closed at $25.43. This represents a drop of 14.66% in just one month.
Here are two of the latest developments that have affected Air Canada’s stock price.
Transat deal scrapped
In early April, Air Canada withdrew its bid to takeover beleaguered
Transat due to antitrust hurdles in Europe. The deal was worth $150.83 million. Shares of Transat plunged over 20% when the news broke, marking their biggest intra-day percentage loss in over a year.
With Transat’s total debt at over $900 million, the takeover would have been a welcome relief for shareholders in the company.
By Reuters Staff
2 Min Read
TORONTO (Reuters) - The Canadian government announced on Monday a financial aid package for Air Canada that allows the country’s largest airline to access up to C$5.9 billion ($4.7 billion) in funds through a loan program launched during the pandemic. Here are some takeaways.
FILE PHOTO: Passengers walk past Air Canada planes on the runway at Pearson International Airport in Toronto April 13, 2012. REUTERS/Mike Cassese (CANADA - Tags: TRANSPORT BUSINESS EMPLOYMENT) The Canadian government to buy C$500 million worth of Air Canada shares at C$23.1793 each, or a 14.2% discount to Monday’s close and about 6% of the airline’s expanded share capital.