Air Canada to get bailout, as union deals appear done - and so, protectionism rules

Privately owned Air Canada is to ask for - and probably get - a USD200 million government loan as part of a USD600 million refinancing, now that it appears unions have agreed to the pension moratorium that management has been seeking. Under a recent agreement with its credit card supplier, its ready cash reserve requirement was reduced to USD800 million, but the carrier is still reportedly having problems meeting that target.