The federal government has sold its roughly 6-per-cent stake in Air Canada in the past few days, according a source.
Ottawa bought $500-million in Air Canada AC-T shares for about $23.18 apiece in April, 2021, becoming the biggest investor as part of a bailout package that aimed to shore up the finances of Canada’s largest airline, which lost billions in the COVID-19 shutdown.
The average selling price was about $25 a share over the past few days, according to the source, whom the Globe is not identifying because they are not authorized to speak publicly on the matter.
A government spokeswoman declined to comment on Thursday.
“The government does not intend to be a long-term shareholder of Air Canada and the shares will be divested in…
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