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Business

Air Canada reaches deal on C$5.9b government COVID-19-aid package

Carrier to proceed with planned purchases of 33 Airbus 220 and 40 Boeing 737 MAX planes

Ottawa/Montreal: Air Canada, struggling with a collapse in traffic due to the COVID-19 pandemic, reached a deal on Monday on a long-awaited aid package with Ottawa that would allow it to access up to C$5.9 billion (Dh17.2 billion), both sides said.

As part of the package, Air Canada said it would proceed with planned purchases of 33 Airbus SE 220 airliners and 40 Boeing Co 737 MAX airliners.

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