The Globe and Mail reports in its Wednesday edition that Porter Airlines and Transat AT have received government bailout loans to help the airlines weather soaring prices for jet fuel, which hit a three-month high on Tuesday. The Globe's Eric Atkins writes that Transat, operator of Montreal leisure airline Air Transat, has borrowed $150-million -- the maximum available -- while Toronto's Porter received $125-million, according to Canada Enterprise Emergency Funding Corp. (CEEFC), the federal agency that administers the emergency funding. The agency established the loan program in June to help airlines struggling with jet fuel prices, which soared as the U.S. war on Iran hampered oil shipments. Both airlines are still making payments on the hundreds of millions of dollars borrowed from the government's COVID-19 pandemic bailout in 2021 and 2022. Air Canada and WestJet Airlines did not seek aid under the new fuel bailout program, which runs until November. WestJet, which enjoys a duopoly with Air Canada, called it "market-distorting" and a sure way to lose taxpayers' money. WestJet said the government should instead foster a "sustainable" aviation industry in which companies succeed on their own strengths.