OTTAWA — Air Canada and the federal government have agreed to loans and equity financing that would allow the airline to access as much as $5.9 billion.As part of the package Air Canada has agreed to. . .
Winnipeg Free Press By: Christopher Reynolds, The Canadian Press Posted:
Last Modified: 11:07 PM CDT Monday, Apr. 12, 2021 Save to Read Later
OTTAWA - After months of negotiations, Ottawa has reached a multibillion-dollar rescue deal with Air Canada that will give the government an equity stake in the pandemic-battered airline.
An Air Canada Boeing 737 MAX 8 jet arrives at Halifax Stanfield International Airport on Friday, April 9, 2021. THE CANADIAN PRESS/Andrew Vaughan
OTTAWA - After months of negotiations, Ottawa has reached a multibillion-dollar rescue deal with Air Canada that will give the government an equity stake in the pandemic-battered airline.
Under the agreement, Air Canada can access up to $5.9 billion from the public purse but must refund passengers whose flights were cancelled due to COVID-19, cap executive compensation at $1 million and restore
OTTAWA — After months of negotiations, Ottawa has reached a multibillion-dollar rescue deal with Air Canada that will give the government an equity stake in the pandemic-battered airline.Under the . . .
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