Air Canada Bailout

• Air Canada agrees to $4.5M settlement over delayed U.S. passenger refunds

  Of the $4.5 million settlement, $2.5 million would be credited to Air Canada for refunding passengers and $2 million would be paid to the U.S. Treasury.

  Money

  Nov 22, 2021
  
• Feds could make $177M over 10 years from Air Canada deal, PBO says

  The Parliamentary Budget Officer says the federal government could make about $177 million over ten years from a support deal it reached with Air Canada.

  Money

  Aug 12, 2021
  
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• U.S. seeks $25.5M from Air Canada over slow refunds amid COVID-19

  The U.S. department said that since March 2020 it has received complaints from more than 6,000 consumers.

  Money

  Jun 15, 2021
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• Canadian MPs unanimously condemn Air Canada for millions in executive bonuses

  Air Canada informed shareholders on Monday that its top executives and managers were getting a combined $10 million in stock options and bonuses for their response to COVID-19.

  Canada

  Jun 3, 2021
• Air Canada’s $10M bonuses ‘unacceptable’ while laying off staff, Trudeau says

  Air Canada defended the bonuses to shareholders as warranted given the executives' handling of the COVID-19 pandemic, which saw the airline refuse most customer refunds for months.

  Canada

  Jun 2, 2021
• Feds announce $5.9B aid package to Air Canada to help customer refunds, jobs

  The agreement promises that any Air Canada customers who want a refund over "pandemic-related cancelations" will be able to get one.

  Canada

  Apr 12, 2021
• Air Canada ready to refund flight cancellations in exchange for bailout: union

  A spokesperson for the Finance Ministry confirmed that the government is 'in discussion' with airlines on 'potential additional financial assistance.' 

  Consumer

  Mar 4, 2021