Ottawa offers $150M loans for airlines in jet fuel bailout scheme
The new program will offer airlines up to $150 million each to mitigate the rising price of jet fuel.
The Carney government has offered $150 million in loans to airlines struggling with rising jet fuel costs following the war in Iran and ongoing instability in the Strait of Hormuz.
“By building on existing relief measures with targeted and temporary support for Canada’s airline sector, we are helping maintain connectivity, protect Canadian jobs and reduce pressures on travellers during this period of elevated fuel costs,” said Finance Minister François-Philippe Champagne on Monday.
