Air Transat’s Best Hope For Survival Is Government Support: BNN/Bloomberg

With years of operational expertise, Air Canada was the right partner to guide Transat out of the pandemic, says Mona Nazir, transportation analyst at Laurentian Bank Securities. Since AC’s planned acquisition of TS fell through, Transat’s best case scenario is now the federal government stepping in with some sort of aid or loan package, she says. The company must secure $500 million in finances just for this year alone.

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