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

Air Canada and Government of Canada conclude agreements on liquidity program

Air Canada, Ottawa agree to $5 9B aid package

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

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