PPRuNe Forums - View Single Post - Emirates vs. Air Canada

10th August 2011 | 17:04

#447 (permalink)

Lost in Saigon

Joined: Jul 2004

: ATPL

Posts: 637

Likes: 17

From: Found in Toronto

The loans were not frm the Govt. They were from third parties.

A loan guarantee is not the same as a loan. My understanding is that the Govt just said Air Canada was a "Good Risk" and would "Guarantee" that any lender would get their money back.

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