Ottawa responded to a bid for loan guarantees from Canadian Airlines International. But it was not the 190 million dollars the airline needed to backstop a plan by employees to buy shares in the company and help seal a deal with American Airlines. Transport Minister Jean Corbeil said the federal government would give Canadian up to 50-million dollars to help it say in business while it sorted out its future.

Date: 1992-11-24
Placeline: OTTAWA, Ontario.
Source: The Canadian Press
Length: 23 seconds

Transcript Prediction: << the government will provide up to 50 million dollars in financial assistance to pwa in order to provide an opportunity to explore with all interested parties including provinces and employs the actions necessary to minimize taxpayers Financial exporter and to support a viable Canadian competitive Airline system >>

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