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Canada Enterprise
Emergency Funding Corporation

Canada Enterprise Emergency Funding Corporation

Approved Loans

In Millions ($)

Borrower / Investee

Air Canada

Equity Investment (April 12, 2021)

$ 500.0

Loan Amount Approved (excl. voucher facility)

$3,975 (TERMINATED NOV. 19, 2021)

Loan Amount Drawn

Nil

Voucher Facility Approved

$ 1,404.0

Voucher Facility Drawn

$ 1,273.3

Updated as of

February 5, 2024

In Millions ($)

Borrower / Investee

Air Transat

Loan Amount Approved (excl. voucher facility)

$ 540.0

Loan Amount Drawn

$ 353.1

Voucher Facility Approved

$ 353.3

Voucher Facility Drawn

$ 353.2

Page updated as of

February 5, 2024

In millions ($)

Borrower

Conuma Resources Limited

Amount Approved

$120.0

Amount Drawn

$120.0

Page updated as of

April 24, 2023

LOAN FACILITY REPAID AND CLOSED April 24, 2023

In Millions ($)

Borrower

Gateway Casinos & Entertainment Limited

Amount Approved

$ 200.0

Amount Drawn

$ 200.0

Repayment of principal

October 22, 2021

LOAN FACILITY REPAID AND CLOSED OCTOBER 22, 2021

In Millions ($)

Borrower

GoodLife Fitness Centres Inc.

Amount Approved

$ 310

Amount Drawn

$ 180.1

Repayment of principal

November 1, 2021 

LOAN FACILITY REPAID AND CLOSED NOVEMBER 1, 2021

In millions ($)

Borrower

Sunwing Vacations Inc.

Loan Amount Approved (excl. voucher facility)

$ 348.0

Voucher Facility Approved

$ 100.3

Voucher Facility Drawn

$ 99.6

Updated as of

February 5, 2024

LOAN FACILITY (excl. voucher facility) REPAID AND CLOSED May 1, 2023

In Millions ($)

Borrower

Porter Airlines

Loan Amount Approved (excl. voucher facility)

$ 250.0

Loan Amount Drawn

$ 250.0

Voucher Facility Approved

$ 20.5

Voucher Facility Drawn

$ 9.5

Updated as of

February 5, 2024

Date modified: 2023-05-01