Two senior federal government sources have confirmed to CTV News that the federal government has sold its stake in Air Canada.
The news was first reported by the Globe and Mail.
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.
Last week, Transport Minister Anita Anand told CTV News she was “examining the particular legal relationship” with Air Canada in an effort to figure out how to dissuade the airline from bringing in additional carry-on fees.
More details to come…