[ Sign up for our Health IQ newsletter for the latest coronavirus updates ]It also recently completed two long-term financings to replace $1.4 billion in short-term debt coming due within the next nine months.Air Canada says it will continue to explore other financing arrangements that may be required to expand its cash position.Travel restrictions and dried-up demand continue to take a toll on the airline and tourism industries, forcing the layoff or furlough of more than 30,000 employees at Air Canada and WestJet Airlines Ltd..
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