Porter Airlines has received funding to help it through the COVID-19 pandemic. The Toronto-based airline has received around CAD 135 million dollars ($96 Million USD) through Export Development Canada, with the funding secured by a portion of its fleet. The airline has suspended operations since March 20, with a tentative restart date of June 1. Like airlines globally, Porter has faced an unprecedented drop in demand due to the ongoing pandemic. The airline is in a fortunate position in which…
The outbreak of Covid-19 has brought the aviation industry to its knees and airlines to the brink of bankruptcy. However, in Canada, a different story is emerging from the country’s two largest airlines. Global News experts have stated both Air Canada and WestJet appear to have enough cash in order…
Canadian ultra-low-cost carrier Swoop has announced an expansion of routes for the upcoming summer season. The WestJet owned airline will introduce three new destinations as well as increases in service on select routes. The 18-month-old airline has experienced success in the Canadian market, offering domestic, transborder flights as well as…
Massena, N.Y., a town of slightly over 12,000 inhabitants just south of the St. Lawrence River, is located a little more than 100 kilometers from both Ottawa and Montreal, and only a 20-minute drive from the Canadian town of Cornwall, Ontario. Though firmly in the United States, the town's main…
Located on the United States-Canadian border, the dual-country town of Sault Ste. Marie is a catalyst in linking the Great Lakes of Lake Huron and Lake Superior with the U.S.-operated Soo Locks. The logistics town is the lynchpin for seagoing cargo ships that come packed with goods from agricultural centers…
Situated on the St. Lawrence River on the border with Canada, Ogdensburg, N.Y. is a town lost in time. Like many in New York state, the quiet border town’s time has long since passed with a near-constant population decrease since 1930, when the town’s population was at its greatest. Once…
During a special meeting held at WestJet’s headquarters in Calgary on Tuesday, airline shareholders and option holders overwhelmingly voted to approve the acquisition agreement reached by WestJet and Onex Corporation (Onex) on May 12, 2019. Under the terms of the purchase, Onex and its affiliated funds will acquire all outstanding…
Calgary-based WestJet launched seasonal nonstop flights to Barcelona's El Prat Airport from its hub at Toronto on Friday, marking WestJet's fifth transatlantic service. Joining the list of the airline's mostly seasonal European operation, this is also the airline's first flight to Spain and the Iberian Peninsula. The new service will…
On Thursday, Air Canada announced that it has commenced exclusive talks with fellow Quebec-based Transat A.T. Inc., owner of Air Transat, for a full takeover of the Canadian leisure carrier. The publically proposed transaction is valued at approximately $387.5 million or $13.00 per share, a 23 percent premium to the…
Miami-based investment firm 777 Partners has acquired a 25 percent equity piece in Canadian ultra-low-cost Flair Airlines, the maximum amount of a foreign entity that they can under Canadian federal regulations. Investments are not always publicized, but Flair Airlines hopes this announcement will help customers continue to trust the fairly…
