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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 ...

Jon Victor 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 January 29, 2021 - 3:28 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 Kokoni...

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...

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. Sunwing said it was "categorically untrue" that the airline is at risk of bankruptcy. Spokeswoman Melanie Filipp said that the decision to suspend flights to all sun destinations was based on ongoing collaboration with the government and the Canadian aviation industry. Transat announced a complete suspension of all Air Transat flights, including to Europe, until April 30 a...