Canada
One of the deal's flaws is a $1.4-billion unsecured government loan to provide those refunds to customers with unused, non-refundable tickets and vacation packages, saidBecause it's an unsecured loan, there would be “no real way” to seize assets if the company defaults on its repayments, Lukacs said.'s total equity in return for $500 million, he noted, compared with a 20-per-cent Lufthansa stake for the German government.
Shut them down. No.more support.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Ottawa moves to ensure IP funded and developed in Canada stays in CanadaIn 2017, more patents per capita were filed listing Canadian inventors than by applicants based in Canada
Source: nationalpost - 🏆 10. / 80 Read more »
Ottawa to announce multibillion-dollar relief package for Air Canada, sources sayThe rescue package is expected to be a mix of low-cost loans and wage subsidies, and come with restrictions related to executive compensation as the industry continues to struggle amid the COVID-19 pandemic number one cluster spreader - pandering bs must end - Porter? Air Canada operates with impunity - bail out rufkm - profits eaten - long term planning - % received to date covid This is gross, but what else can they do short of nationalizing them? Our national air carrier is a strategic asset and a critical piece of modern infrastructure, we literally can’t survive as a nation without them
Source: globeandmail - 🏆 5. / 92 Read more »
Ottawa to unveil COVID-19 aid package for Air Canada: sourcesThe federal government has reached a deal with Air Canada to provide targeted industry support as the pandemic continues on its path of financial devastation and travel is still restricted, CTVNews has confirmed. Air Canada agrees to convert to electric airplanes and agrees not to laugh out loud when Skippy announces it. Air Canada is getting Tax Payer money to enforce NWO governments agenda. Period. They don't deserve to carry passengers. They deserve to close down. until the pandemic is under control - this is good money after bad - sorry... it's true
Source: CTVNews - 🏆 1. / 99 Read more »
Feds’ multi-billion dollar aid package for Air Canada to have consumer focus: sourceThe package's confirmation comes as airlines were made to bear much of the brunt the COVID-19 pandemic wrought on the Canadian economy. How about a relief package for the working poor and or the food industry workers who’ve been hit the hardest. Please make sure the poor tax payer’ money won’t go to the pocket of CEO.
Source: GlobalNational - 🏆 81. / 51 Read more »
Freeland announces COVID-19 aid for Air CanadaChrystia Freeland announced COVID-19 funding for Air Canada, with one condition being executive compensation being capped. So out of the $400bn+ deficit only less than 20% was sent out in form of CERB. So Canadians have to go in to debt for private companies. They don't pay my mortgage if I can't make a payment. They should be loans and not one dividend paid to a shareholder until it is repaid. Well we all know where Air Canada is head quartered Westjet is head quartered in western Canada need I say more Good God we have to get this government out!
Source: CTVNews - 🏆 1. / 99 Read more »