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Canada: Sunwing Vacations Inc. and Sunwing Airlines Inc. secure CAD 375 million through the Large Employer Emergency Financing Facility (COVID-19)

Description

On 1 February 2021, Sunwing Vacations and Sunwing Airlines entered into a financing agreement with the Canadian federal government. The funding is worth CAD 375 million (USD 291.75 million) and it wil...

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Intervention Details

Intervention Type

State loan

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

01 Feb 2021

Revocation date

No revocation date

Implementation level

NFI

Affected flow

Inward

Announced as temporary

No

Eligible firms

firm-specific

Affected Trading Partners

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Affected Sectors

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Affected Products

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