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Porter Airlines gets federal loan up to $270.5 million, including money for refunds Business Related Yes A Porter airlines flight makes its final approach as it lands at the airport Tuesday July 2, 2019 in Ottawa.THE CANADIAN PRESS/Adrian Wyld TORONTO – The parent company of Porter Airlines has reached an agreement with the federal government for loans valued up to $270.5 million, including $20.5 million to refund passengers for flights cancelled during the COVID-19 pandemic. Porter Aviation Holdings Inc. says it will use the money primarily as a capital reserve during the pandemic recovery period. The regional airline based at Toronto’s island airport is the latest carrier to access loans through the government’s Canada Enterprise Emergency Funding Corp.

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