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Canada s Porter Airlines to resume flying in August
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Porter Airlines gets federal loan up to $270 5 million, including money for refunds
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Porter Airlines gets federal loan up to $270.5 million, including money for refunds
by The Canadian Press
Last Updated Jun 30, 2021 at 7:30 pm EDT
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.
Porter Airlines gets federal loan up to $270.5 million, including money for refunds
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 June 30, 2021 - 4:25 PM
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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