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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 government an equity stake in the pandemic-battered airline.Under 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

Regional service in Kamloops, Penticton to resume under new Air Canada agreement with Ottawa - Canada News

Regional service in Kamloops, Penticton to resume under new Air Canada agreement with Ottawa - Canada News
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British columbiaHassan 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 freeland

Air Canada, Ottawa agree to aid package worth up to $5 9 billion - Medicine Hat NewsMedicine Hat News

Air Canada, Ottawa agree to aid package worth up to $5 9 billion - Medicine Hat NewsMedicine Hat News
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Andrew vaughanCalin rovinescuHalifax stanfield international airport onCanadian press onAir canadaCanadian air traffic control associationNational airlines council of canadaThe canadian pressAir canada boeingHalifax stanfield international airportLarge employer emergency financing facilityNational airlines councilCanadian pressஆண்ட்ரூ வாகன்ஹாலிஃபாக்ஸ் ஸ்டான்ஃபீல்ட் சர்வதேச விமான ஆன்கனடியன் ப்ரெஸ் ஆன்

Air Canada to restore domestic network in exchange for aid

Saying it is “essential we maintain connections between people and our communities,” Canada’s government has agreed to grant Air Canada access to financial aid in exchange for several actions by the carrier, including domestic route restorations. The top condition cited by Canadian deputy prime minister and minister of finance Chrystia Freeland for Air Canada gaining access to up to $5.9 billion in liquidity is that “regional communities retain air connections to the rest of Canada through the restart of service at airports temporarily suspended by Air Canada.” Air Canada said this would be achieved by providing “access to Air Canada s network for nearly all regional communities where service was suspended because of COVID-19 s impact on travel through direct services or new interline agreements with third party regional carriers.”

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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