Ottawa has sold its stake in Air Canada: sources

Ottawa has sold its stake in Air Canada: sources

Two senior federal government sources have confirmed to CTV News that the federal government has sold its stake in Air Canada. During the COVID-19 pandemic in 2021, the government purchased a six per cent stake in the airline for $500 million as part of a bailout package.

Federal government sells its Air Canada stake

Ottawa bought $500-million in Air Canada shares in 2021 as part of a bailout package following the airline’s COVID-19 losses

Ottawa Offloads Air Canada Shares as Airline Still Owes Billions

The Canadian government has reportedly sold its approximately 6% stake in Air Canada (TSX: AC), according to multiple sources, marking the conclusion of its direct ownership in the country’s largest airline. The stake was acquired in April 2021 as part of a $5.9 billion bailout package designed to stabilize Air Canada during the COVID-19 pandemic, but its sale now raises questions about the government’s financial strategy and its handling of cor…

Ottawa Sells Air Canada Stake, Profiting from Share Surge

Air Canada Photo The Canadian government has cashed in on Air Canada. Ottawa may dislike Air Canada’s baggage fees, but as the Globe and Mail reports, politicians are very happy with Air Canada's share price and have opted to sell the government's six per cent stake in the airline for a tidy profit. The Trudeau government in April 2021 intervened to provide much-needed support to the country’s largest airline, rolling out a comprehensive bailout…