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Airline Bailout Begins in Canada With Loan to Vacation Seller

Canada Cancels Flights To Caribbean, Mexico To Curb Virus Spread
Photographer: Christinne Muschi/Bloomberg

Canada granted an emergency loan to a company selling beach holidays, the first sign of a rescue package awaited by the industry after Prime Minister Justin Trudeau barred travel to Mexico and other sun destinations.

Two related firms, Sunwing Airlines Inc. and Sunwing Vacations Inc., will receive a combined C$375 million ($292 million) under a federal loan facility aimed at large employers, a government agency said Monday. The Sunwing companies have nearly 3,000 Canadian employees, the agency said in a statement.