{"id":896385,"date":"2026-09-15T07:28:29","date_gmt":"2026-09-15T07:28:29","guid":{"rendered":"https:\/\/www.newsbeep.com\/ca\/896385\/"},"modified":"2026-09-15T07:28:29","modified_gmt":"2026-09-15T07:28:29","slug":"flair-airlines-secures-76-million-bailout-from-ottawa-as-fuel-costs-soar","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ca\/896385\/","title":{"rendered":"Flair Airlines secures $76-million bailout from Ottawa as fuel costs soar"},"content":{"rendered":"<p>The federal government has approved $76 million in emergency aid for Flair Airlines as the high price of jet fuel continues to bleed money from carriers.<\/p>\n<p>Flair CEO Len Corrado said in an interview the financial lifeline shows that government officials \u201crecognize the severity of the problem\u201d and want to keep the industry competitive.<\/p>\n<p>The Canada Enterprise Emergency Funding Corp. says it approves bailout loans to offset soaring fuel costs and make airfares more affordable.<\/p>\n<p>The Crown corporation says the loan must be repaid within four years, with interest that sits below market rates.<\/p>\n<p>Air Transat parent Transat A.T. Inc. has secured $430 million in financial aid since the Iran war began in late February and triggered a surge in energy prices that has pushed the price of jet fuel to roughly double the levels from a year ago.<\/p>\n<p>The government says Porter Airlines also recently received a $125-million bailout loan.<\/p>\n<p>\t\tKeep it Factual<\/p>\n<p>Add CityNews Vancouver as a trusted source on Google to see more local stories from us.<\/p>\n<p>\t\t<a href=\"https:\/\/www.google.com\/preferences\/source?q=vancouver.citynews.ca\" rel=\"nofollow noopener\" target=\"_blank\"><br \/>\n\t\t<img loading=\"lazy\" decoding=\"async\" class=\"add-trusted-source-badge\" src=\"https:\/\/www.newsbeep.com\/ca\/wp-content\/uploads\/2026\/09\/1789457309_351_google-trusted-badge.png\" alt=\"Add as a preferred source on Google\" width=\"198\" height=\"63\"\/><br \/>\n\t\t<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"The federal government has approved $76 million in emergency aid for Flair Airlines as the high price of&hellip;\n","protected":false},"author":2,"featured_media":896386,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[194295],"tags":[45,49,48,46,20739,2882,14237],"class_list":["post-896385","post","type-post","status-publish","format-standard","has-post-thumbnail","category-ottawa","tag-business","tag-ca","tag-canada","tag-economy","tag-ottawa","tag-transport","tag-utilities"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/896385","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=896385"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/896385\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/896386"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=896385"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=896385"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=896385"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}