Approved Loans (LEEFF)
Major Beneficiaries of LEEFF
2021 - Air Canada
- $500 million equity investment (fully divested Dec. 12, 2024)
- Loan amount approved (ex air travel voucher facility): $3,975.0 million (terminated Nov. 19, 2021)
- Air travel voucher facility approved: $1,404.0 million
- Air travel voucher facility drawn: $1,273.3 million
2021-22 – Air Transat
- Loan amount approved (ex air travel voucher facility): $540.0 million
- Air travel voucher facility approved: $353.3 million
- Air travel voucher facility drawn: $353.2 million
2021 – Sunwing Vacations Inc.
- Loan amount approved (ex air travel voucher facility): $348.0 million
- Air travel voucher facility approved: $100.3 million
- Loan facility (ex air travel voucher facility) fully repaid and closed May 1, 2023
2021 – Porter Airlines
- Loan amount approved (ex air travel voucher facility): $250.0 million
- Air travel voucher facility approved: $20.5 million
- Air travel voucher facility drawn: $9.5 million
2021 – GoodLife Fitness Centres Inc.
- Loan amount approved : $310.0 million
- Loan facility fully repaid and closed Nov. 1, 2021
2020 – Conuma Resources Limited
- Loan amount approved: $120.0 million
- Loan facility fully repaid and closed Apr. 24, 2023
2020 – Gateway Casinos & Entertainment Limited
- Loan amount approved: $200.0 million
- Loan facility fully repaid and closed Oct. 22, 2021