Write For Us

What Ottawa’s financial relief deal for Air Canada means for customers

Sponsored Post Vitamin D2 Canada Persia
109 Views

  • Thanks! Share it with your friends!

    You disliked this video. Thanks for the feedback!

ava
Published
The federal government announced Monday nearly $6 billion financial support package for Air Canada, which includes billions of dollars to help the struggling airline rebuild from the effects of the COVID-19 pandemic.

The deal guarantees refunds for flights cancelled due to the pandemic, along with the restoration of regional routes that were previously suspended and job protection for the airline’s remaining employees.

The deputy prime minister said the deal doesn’t include taxpayers money, but rather loans to Air Canada, to be paid within five to seven years.

Mike Armstrong looks at what the deal means for Air Canada customers.

Also, Anne Gaviola discusses how the government chose to bail out Air Canada over other Canadian airlines. The government funding comes just as competition with international airlines is ramping up again, and the U.S. and countries in Europe have already aided their own airline companies to bounce back from the pandemic.

For more info, please go to https://globalnews.ca/news/7753971/air-canada-refunds-covid-ottawa/

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
#GlobalNews
Category
U.S. & Canada
Tags
airline industry, air canada, air canada relief package
Sign in or sign up to post comments.
Be the first to comment