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Air Canada planes are parked at Toronto Pearson Airport in Mississauga, Ontario, Canada April 28, 2021. REUTERS/Carlos Osorio
Top executives at Air Canada (AC.TO) will return their bonuses and share awards, the carrier said on Sunday, in response to public disappointment over executive compensation at the airline, which received government aid in April.
Air Canada said chief executive, executive vice presidents and its former chief executive, who retired in February, would return the bonuses and share appreciation units in order to help address this unintended consequence.
The carrier said it gave out C$10 million in bonuses, adding that much of it went to middle managers.