Skip to Main content

30.76°^C Vancouver

News Entertainment Sports Videos Shows Podcast Contact Us

Apr 13, 2021 1:42 AM -

Air Canada, Ottawa agree to aid package worth up to $5.9 billion

Share On

air-canada-ottawa-agree-to-aid-package-worth-up-to-5-9-billion

Air Canada and Ottawa have agreed to financing deals that would allow the airline to access as much as $5.9 billion through the Large Employer Emergency Financing Facility program. (Photo - Chrystia Freeland/Twitter)

Air Canada and Ottawa have agreed to financing deals that would allow the airline to access as much as $5.9 billion through the Large Employer Emergency Financing Facility program.

As part of the package, Air Canada has agreed to a number of commitments, including refunds for some customers who did not travel due to COVID-19 and a promise to resume service at some regional airports.

Other restrictions include limits on executive compensation and maintaining a minimum number of staff.

Travel restrictions introduced through the beginning of the pandemic have been catastrophic for the airline industry.

Then CEO Calin Rovinescu described it as the "bleakest year in the history of commercial aviation," when the airline released its 2020 financial results in February.

The deal with Ottawa includes debt as well as an equity investment.

Latest news

calgary-police-say-ai-generated-misinformation-hindering-search-for-missing-11-year-old-boy

AlbertaJul 21, 2026

Calgary police say AI-generated misinformation hindering search for missing 11-year-old boy

Calgary police say online misinformation, including altered images and videos created using artificial intelligence, is interfering with the search for an 11-year-old boy with autism who has been missing since last week. According to the Calgary Police Service, Parker, who is non-verbal, was last seen Thursday at his care home in the city's north end. Investigators continue to search for the child and are asking the public to rely on information shared through official police channels. Acting Staff Sergeant Scott Guterson said AI-generated and manipulated content circulating online is divertin

trump-could-announce-new-tariffs-on-dozens-of-countries-this-week

WorldJul 21, 2026

Trump could announce new tariffs on dozens of countries this week

U.S. President Donald Trump could announce a new round of tariffs on dozens of countries as early as this week, according to reports citing people familiar with the matter. The move would follow the scheduled expiry of the Trump administration's temporary 10 per cent global tariff, which is set to end on Friday. Initial tariffs announced under the new plan are expected to match the current 10 per cent rate, according to the reports. The administration is also continuing trade-related investigations that could provide the legal authority to impose higher tariff rates in the future. No official

Teen critically injured in Mississauga MiWay bus stabbing

A 17-year-old youth is in critical condition after a stabbing aboard a moving MiWay bus in Mississauga early Tuesday, according to Peel Regional Police. Police said officers responded at about 2 a.m. to the area of Hurontario Street and Watline Drive in the city's Britannia neighbourhood. When officers arrived, they found the 17-year-old suffering from life-threatening injuries. The victim was taken to a Toronto trauma centre, where police said the condition later became critical. Peel Regional Police said an 18-year-old woman was arrested in connection with the incident. She has been charged

carney-criticizes-trumps-new-50-tariff-on-canadian-imports

CanadaJul 21, 2026

Carney criticizes Trump's new 50% tariff on Canadian imports

Prime Minister Mark Carney has criticized U.S. President Donald Trump's announcement of a new 50 per cent tariff on Canadian imports, calling it another example of the United States' unilateral trade policy. In a statement, Carney said the measure is a direct violation of the Canada–United States–Mexico Agreement (CUSMA). According to the Prime Minister's statement, Canada has previously responded with proportionate countermeasures after the United States imposed what Ottawa described as unjustified tariffs on Canada's auto sector. Carney said Canada remains committed to protecting its wor

farmers-to-hold-delhi-mahapanchayat-over-proposed-india-u-s-trade-agreement

IndiaJul 20, 2026

Farmers to hold Delhi Mahapanchayat over proposed India–U.S. trade agreement

Farmers from different parts of the country are scheduled to gather at Kisan Ghat in New Delhi on Tuesday for a Mahapanchayat to protest the proposed India–U.S. trade agreement. Farmer leader Sarwan Singh Pandher said the gathering, being organised on the call of the Desh Bachao Morcha, will oppose the proposed deal, which he described as being against the interests of farmers. According to Pandher, the agreement could adversely affect the farming community, and protesters will urge the Centre not to implement it. Pandher said buses carrying farmers from Punjab are expected to leave for Delh

Related News

Carney criticizes Trump's new 50% tariff on Canadian imports

Carney criticizes Trump's new 50% tariff on Canadian imports

Prime Minister Mark Carney has criticized U.S. President Donald Trump's announcement of a new 50 per cent tariff on Canadian imports, calling it another example of the United States' unilateral trade policy. In a statement, Carney said the measure is a direct violation of the Canada–United States–Mexico Agreement (CUSMA). According to the Prime Minister's statement, Canada has previously responded with proportionate countermeasures after the United States imposed what Ottawa described as unjustified tariffs on Canada's auto sector. Carney said Canada remains committed to protecting its wor

Canada Child Benefit payments increase takes effect today, millions of families to receive higher amounts

Canada Child Benefit payments increase takes effect today, millions of families to receive higher amounts

Higher Canada Child Benefit (CCB) payments began rolling out today following the federal government's annual benefit adjustment. According to the Government of Canada, the increase is expected to benefit approximately 3.6 million families and about 6 million children across the country. Under the updated benefit rates, eligible families can receive up to $8,157 annually for each child under the age of six, an increase of $160 from the previous benefit year. For children aged six to 17, the maximum annual payment has increased to $6,883, up $135 from last year. According to the Canada Revenue A

Wildfire destroys seasonal camp at Whitewater Lake First Nation in northwestern Ontario

Wildfire destroys seasonal camp at Whitewater Lake First Nation in northwestern Ontario

A wildfire has destroyed much of the seasonal camp at Whitewater Lake First Nation, located about 250 kilometres north of Thunder Bay, marking the second First Nation community in Ontario to suffer significant wildfire damage in less than a week. According to Chief Pauline Drake, the fire destroyed multiple buildings, personal belongings and critical infrastructure at the site. Whitewater Lake First Nation is used primarily as a seasonal camp and has no permanent residents. The community is accessible only by floatplane for about six months of the year. The latest damage follows wildfire destr

Legals

Journalism code of ethics

© 2021 AKASH Broadcasting Inc.

MANAGED BY STRATWIT

useful links

Accessibility Plan

Broadcasting Notice of Consultation

BC Children's Hospital