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CORRECTED-Canadian tour operator Transat secures C$700 mln in government funding

(Corrects to “C$” from “$” in headline, paragraph 1)

April 29 (Reuters) - Struggling Canadian tour operator Transat AT said on Thursday it will borrow up to C$700 million, under a deal reached with the Canadian government.

Reuters reported on Wednesday that Transat was close to reaching a financial aid deal with the federal government involving a loan, citing two sources familiar with the matter. (Reporting by Ankit Ajmera in Bengaluru; Editing by Shailesh Kuber)

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