Announcement
29 Apr 2021
In April 2021, Transat secured CAD 700 million (USD 567 million) as bailout funding from the government of Canada.
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Number of interventions
1
1 certainly harmful
0 likely harmful
0 liberalising
List of interventions
Implementation date
29 Apr 2021
Revocation date:
No revocation date
Announced: 29 Apr 2021
State loan
In force
On 29 April 2021, Transat announced entering into a debt and equity financing agreement with the Canadian federal government. The funding is worth CAD 700 million (USD 576 million) and it will be prov...
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Related State Acts
Announced: 29 Jul 2022
Canada: Transat secured CAD 100 million through the Large Employer Emergency Financing Facility (COVID-19)
Announced: 30 Jun 2021
Canada: Porter Airlines secures CAD 270 million through the Large Employer Emergency Financing Facility (COVID-19)
Announced: 25 Jun 2021
Canada: Sunwing secures CAD 100 million through the Large Employer Emergency Financing Facility (COVID-19)
Announced: 12 Apr 2021
Canada: The government signs Coronavirus related financing facility with Air Canada
Announced: 01 Feb 2021
Canada: Sunwing Vacations Inc. and Sunwing Airlines Inc. secure CAD 375 million through the Large Employer Emergency Financing Facility (COVID-19)
Announced: 21 Oct 2020
Canada: Conuma Resources secures CAD 120 million through the Large Employer Emergency Financing Facility (COVID-19)
Announced: 25 Sep 2020
Canada: Gateway Casinos & Entertainment Limited secures CAD 200 million through the Large Employer Emergency Financing Facility (COVID-19)
Announced: 11 May 2020
Canada: The government launches the Large Employer Emergency Financing Facility (COVID-19)
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