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Air Canada, Ottawa agree to aid package worth up to $5 9 billion | iNFOnews | Thompson-Okanagan s News Source

Christopher Reynolds An Air Canada Boeing 737 MAX 8 jet arrives at Halifax Stanfield International Airport on Friday, April 9, 2021. THE CANADIAN PRESS/Andrew Vaughan April 12, 2021 - 9:07 PM 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 service to regional airports. The package, which will see the federal government pay $500 million for a six-per-cent stake in the country s biggest airline, also requires the carrier to maintain employment at current levels or higher.

Andrew vaughanCalin rovinescuHalifax stanfield international airport onAir canadaCanadian air traffic control associationNational airlines council of canadaAir canada boeingHalifax stanfield international airportLarge employer emergency financing facilityNational airlines councilCanadian pressஆண்ட்ரூ வாகன்ஹாலிஃபாக்ஸ் ஸ்டான்ஃபீல்ட் சர்வதேச விமான ஆன்அேக கனடாகனடியன் அேக போக்குவரத்து கட்டுப்பாடு சங்கம்தேசிய விமான நிறுவனங்கள் சபை ஆஃப் கனடா

Air Canada Agrees to $5 9 Billion Aid Package, Giving Ottawa Equity Stake in Airline

OTTAWA After months of negotiations, Ottawa has reached a multibillion-dollar rescue deal with Air Canada that will give the .

Hassan yussuffChrystia freelandMichael sabiaMark hancockMichael rousseauJacques royOmar alghabraGoldy hyderBusiness council of canadaAir canadaNational airlines council of canadaCanadian union of publicCanadian labour congressCanadian air traffic control associationMinister chrystia freelandTransport minister omar alghabra

Air Canada, Canadian officials agree on bailout

Air Canada, Canadian officials agree on bailout AP, TORONTO Air Canada and the Canadian government on Monday agreed on financing that would allow the airline to access as much as C$5.9 billion (US$4.7 billion) to help it recover from the economic damage caused by the COVID-19 pandemic. Canadian Deputy Prime Minister Chrystia Freeland said that the support includes C$4 billion (US$3.2billion) in loans and C$500 million (US$398 million) in equity that would give Canadians a stake in Air Canada, which is the country’s largest airline. As part of the financial package, Air Canada has agreed to a number of commitments related to customer refunds, service to regional communities, restrictions on the use of the funds provided, employment and capital expenditures.

United kingdomChrystia freelandAir canadaCanadian air traffic control associationVancouver international airport in richmondNational airlines council of canadaDeputy prime minister chrystia freelandVancouver international airportBritish columbiaNational airlines councilThe taipei timesஒன்றுபட்டது கிஂக்டம்அேக கனடாகனடியன் அேக போக்குவரத்து கட்டுப்பாடு சங்கம்வான்கூவர் சர்வதேச விமான இல் ரிச்மண்ட்தேசிய விமான நிறுவனங்கள் சபை ஆஃப் கனடா

Air Canada agrees to $5 9-billion aid package, giving Ottawa equity stake in airline - Medicine Hat NewsMedicine Hat News

Air Canada agrees to $5 9-billion aid package, giving Ottawa equity stake in airline - Medicine Hat NewsMedicine Hat News
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Hassan yussuffChrystia freelandMichael sabiaMark hancockMichael rousseauJacques royOmar alghabraAndrew vaughanGoldy hyderChristopher reynoldsHalifax stanfield international airport onCanadian press onBusiness council of canadaAir canadaNational airlines council of canadaCanadian union of public

Air Canada, Ottawa agree to aid package worth up to $5 9 billion

Air Canada, Ottawa agree to aid package worth up to $5 9 billion
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Walter spracklinChrystia freelandCalin rovinescuAir canadaCanadian air traffic control associationNational airlines council of canadaDeputy prime minister chrystia freelandCanada emergency wage subsidyNational airlines councilCanadian pressஅேக கனடாகனடியன் அேக போக்குவரத்து கட்டுப்பாடு சங்கம்தேசிய விமான நிறுவனங்கள் சபை ஆஃப் கனடாகனடா அவசரம் ஊதியம் மானியம்தேசிய விமான நிறுவனங்கள் சபைகனடியன் ப்ரெஸ்