Announcement
01 Feb 2021
In February 2021, Sunwing Vacations Inc. and Sunwing Airlines Inc. secured CAD 375 million (USD 291.75 million) in total in Covid-19-related 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
01 Feb 2021
Revocation date:
No revocation date
Announced: 01 Feb 2021
State loan
In force
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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Related State Acts
Announced: 29 Jul 2022
Canada: Transat secured CAD 100 million through the Large Employer Emergency Financing Facility (COVID-19)
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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)
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