Canadian Gobierno Tenth Air Canada Maneuver Underpins Millionaire Pandemic Help | Economy

Aviones de Air Canada and Vancouver Airport, and an image from the archive.
Aviones de Air Canada and Vancouver Airport, and an image from the archive.Ben Nelms / Reuters

After months of petitions, the Canadian Governor has finally moved a sheet to financially support the flights of the pandemic. Ottawa announced this month that it has agreed a plan for 5,900 million Canadian dollars (4,700 million stadiums) to Air Canada, the mayor of Ramo in the country. Other companies, such as WestJet and Air Transat, are negotiating with federal authorities to receive similar packages. Canada was the only member of the G7 to have completed direct aid programs with its national airlines.

In 2020, Air Canada offered the 4,600 million Canadian dollars (3,650 million estadounidenses); its passenger number decreased by 73% during this period. Tuvo que despedir a unos 20.000 empleados (más de la mitad mit su fuerza laboral antes de la covid-19) e hizo un additional record of 1,700 persons in February. Michael Rousseau, president and adviser to the company’s delegate, said that “when the golf pandemic hit more than one year ago, Air Canada lost one of its most solid balances in the global aerospace industry.” For Rousseau, the aid plan for all liquid assets that the company needs is “for the benefit of all interested parties and in a way that will significantly contribute to the Canadian economy during the recovery period”.

Michael Sabia, Federal Deputy Minister of Finance, announced the deal to negotiate with Air Canada’s plan for $ 5,900 million. There are 4,000 million dollars at the disposal of the airline through four credit lines, Ottawa invests 500 million in corporate shares (23,18 dollars per title) and the remaining 1,400 million consist of a fund – also in credit facilities – to replace the ticket canceled by the pandemic from February 2020.

Ottawa imposes various conditions for the approval of this financial support plan. It was just the baggage of the canceled tickets. También, Air Canada will be obliged to maintain a job that will not be registered before April 1, 2021, will have to close – on June 1st – regional air services canceled due to the sanitary crisis, imposing restrictions in exchange for actions and remuneration on its directives and, in the same way, concludes the purchase of 33 A220 aircraft from the Airbus company built on the Mirabel (Quebec) plant. Chrystia Freeland, Minister of Finance of Canada, expressed in a press conference in Toronto that it is very important to have a “good and fair” agreement for Canadians and the Government.

Air Canada has 554 million dollars and 2020 a trip of the federal subsidies salariales de emergencia. It is hoped that this year will continue to receive this help. Cabe records that Canadian airliners – with the Gobierno’s resolution – agree to finalize the suspension of their direct flights to Mexico and the Caribbean, as part of the efforts to free the covid-19 propaganda. It is planned that these services vuelvan to operate in Mayo, salvo that the sanitary authorities recommend the opposite. Asimismo, Air Canada and other companies will reduce their flights to other countries subject to significant reduction in passenger demand. Ottawa has been testing PCR and Islam since February 22 for a maximum of three days in hotels for people traveling by plane in Canada. So much so that the stadium will be covered by the tickets of the passengers.

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