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Air Canada concurs to $5.9-billion relief equipment, giving Ottawa equity stake in airline

Air Canada concurs to $5.9-billion relief equipment, giving Ottawa equity stake in airline

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OTTAWA — After months of negotiations, Ottawa has reached a multibillion-dollar rescue address Air Canada that will give the federal government an equity stake within the pandemic-battered airline. Under the settlement, Air Canada can gain entry to as much as $5. OTTAWA — After months of negotiations, Ottawa has reached a multibillion-dollar rescue address Air Canada that will give the federal government an equity stake within the pandemic-battered airline. Under the settlement, Air Canada can gain entry to as much as $5.9 billion from the general public purse nonetheless must refund passengers whose flights possess been cancelled as a result of COVID-19, cap government compensation at $1 million and restore service to regional airports. The equipment, which is ready to discover ...