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Air Canada gets $4.7b as government takes stake

Bloomberg Air Canada reached a deal with the Canadian government for loans and equity worth nearly C$5.9 billion ($4.7 billion), a package to help the airline get through the pandemic and restore flights to remote parts of the country. The state, which sold off its ownership interest in the 1980s, will once again own a piece of Canada’s largest airline, ...

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Heathrow’s plan to raise $3.8 billion challenged

Bloomberg London’s Heathrow faces opposition from some board members to its plan to raise 2.8 billion pounds ($3.8 billion) from airlines and customers by increasing airport prices, the Telegraph newspaper reported. Heathrow’s demands to change a complex regulatory framework so it could recoup losses caused by the pandemic have been rejected by the Civil Aviation Authority, the newspaper said. A ...

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Wealthy Japanese flying private in greater numbers, says ANA

Bloomberg Wealthy people in Japan are turning to private jets in greater numbers as they seek to eschew crowded airports amid the ongoing coronavirus pandemic. The push means that ANA Holdings Inc.’s private jet charter business is expecting sales of 1 billion yen ($9 million) in the 2022 fiscal year, Jun Katagiri, the chief executive officer of ANA Business Jet ...

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