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Ottawa may draw on high-interest federal loan program for airline bailout

from Inside Logistics

Innovation Minister Navdeep Bains says a federal loan program little-loved by industry will be among the options Ottawa weighs as it sits down with airline executives to negotiate a government aid package. The Large Employer Emergency Financing Facility (LEEFF) could play a key role in lifting carriers out of the dire financial straits caused by the Covid-19 pandemic, Bains said at a news conference recently. more

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