Write For Us

Federal government announces multi-billion dollar aid package for Air Canada | FULL

Sponsored Post Vitamin D2 Canada Persia
130 Views

  • Thanks! Share it with your friends!

    You disliked this video. Thanks for the feedback!

ava
Published
Canada's Deputy Prime Minister Chrystia Freeland on Monday announced the details of an aid package for Air Canada, which she said includes $4 billion in repayable loans to the airline and an equity investment of $500 million.

Freeland said the financial support would have “strict conditions” attached, including the resumption of suspended service to regional communities, refunds for “pandemic-related cancellations,” and the protection of workers’ jobs, pensions and collective agreements. Air Canada will also have to provide “climate-related discosures.”

She added that Air Canada and all other airlines would be eligible for a “voucher refund facility”, or a loan to help airlines refund customers impacted by the COVID-19 pandemic. Air Canada, she said, would receive an additional $1.4 billion loan for this purpose, in addition to the relief package outlined earlier.

For more info, please go to https://globalnews.ca/news/7753623/air-canada-aid-package-feds/
Subscribe to Global News Channel HERE: http://bit.ly/20fcXDc
Like Global News on Facebook HERE: http://bit.ly/255GMJQ
Follow Global News on Twitter HERE: http://bit.ly/1Toz8mt
Follow Global News on Instagram HERE: https://bit.ly/2QZaZIB
#AirCanada #coronavirus #COVID19 #CdnPoli #GlobalNews
Category
U.S. & Canada
Tags
Chrystia Freeland, Air Canada, Air Canada relief package
Sign in or sign up to post comments.
Be the first to comment