Hastings County’s theatre scene is taking a dramatic turn, with Tweed and Company Theatre now owning Actinolite’s Marble Arts Centre and leasing Bancroft’s Village Playhouse.
Air Canada and unions representing more than 20,000 employees are reaching an agreement that will wind down a shared pension trust to the benefit of retired workers who are part of the company’s defined benefit plans. The airline was granted relief from pension solvency funding when facing insolvency in 2009. As part of the arrangement, […]
New restrictions on flights from the Caribbean and Mexico announced Friday are likely to trigger bankruptcies in Canada s airline sector and force permanent closures for airports and travel agencies, aviation experts say. Today s announcement really was the nail in the coffin for the airline and tourism business, said Robert Kokonis, founder and managing director of aviation consulting firm AirTrav Inc. We re going to see bankruptcy filings, you might even see a few outright failures. John Gradek, a lecturer at McGill University and the head of its Global Aviation Leadership Program, said Sunwing and Transat A.T. Inc. are most at risk of bankruptcy, given their reliance on flights to sun destinations.
By News Room
Jan 29, 2021 6:13 PM
New restrictions on flights from the Caribbean and Mexico announced Friday are likely to trigger bankruptcies in Canada’s airline sector and force permanent closures for airports and travel agencies, aviation experts say.
“Today’s announcement really was the nail in the coffin for the airline and tourism business,” said Robert Kokonis, founder and managing director of aviation consulting firm AirTrav Inc. “We’re going to see bankruptcy filings, you might even see a few outright failures.”
John Gradek, a lecturer at McGill University and the head of its Global Aviation Leadership Program, said Sunwing and Transat A.T. Inc. are most at risk of bankruptcy, given their reliance on flights to sun destinations.
Winnipeg Free Press By: Jon Victor, The Canadian Press Posted:
Last Modified: 5:47 PM CST Friday, Jan. 29, 2021
New restrictions on flights from the Caribbean and Mexico announced Friday are likely to trigger bankruptcies in Canada s airline sector and force permanent closures for airports and travel agencies, aviation experts say.
Prime Minister Justin Trudeau holds a press conference at Rideau Cottage in Ottawa on Friday, Jan. 29, 2021., to provide an update on the COVID-19 pandemic.THE CANADIAN PRESS/Sean Kilpatrick
New restrictions on flights from the Caribbean and Mexico announced Friday are likely to trigger bankruptcies in Canada s airline sector and force permanent closures for airports and travel agencies, aviation experts say.