- IATA/ICAO Code:
- Airline Type:
- Full Service Carrier
- Year Founded:
- Annick Guérard
Canada’s Air Transat has secured a final loan of CAD150 million ($117 million) from the Canada Enterprise Emergency Funding Corporation (CEEFC). The COVID-19 support loan will be the last in a series of loans aimed at protecting jobs in the country’s aviation industry throughout the pandemic.
The funding for the Montreal-based carrier was secured by its parent company, Transat AT, and comes as part of the Large Employer Emergency Financing Facility (LEEFF) COVID scheme, following an application that was filed by the airline at the peak of the Omicron wave.
The loan should help to support Air Transat as it continues its recovery from the pandemic. Photo: Vincenzo Pace | Simple Flying