BDC, IQ commit funding to support Pascan Aviation's restructuring

Regional airline Pascan Aviation Inc has filed for creditor protection to facilitate a restructuring of its operations. Its two creditors, the Business Development Bank of Canada (BDC) and Investissement Québec (IQ) will provide $1 million in interim financing to support Pascan's recovery plan. Founded in 1999, the company has its headquarters in Saint-Hubert, Québec.

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