WestJet has officially walked away from negotiations with the federal government without a federal bailout following the federal government handing out $5.9 billion to Air Canada.
Cabinet had promised in a January 15 letter to “ensure Canadians get refunds for air travel cancelled due to the pandemic.”
Finance Minister Chrystia Freeland approved the purchase of $500 million in Air Canada shares after Parliament privatized the carrier 33 years ago.
The $190 million deal was started more than two years ago and updated during the COVID-19 pandemic.
The Transport department had feared “economic consequences” if airlines were forced to refund travelers whose flights were cancelled.
Without decisive action, Canada’s air transport system could emerge from COVID-19 in a much weaker state,” a cabinet-appointed Industry Strategy Council wrote in a December 11...
CEO Ed Sims said Friday the government's decision to approve the $180-million deal will mean less choice and higher fares for Canadian travellers.
Baker apologizes, PHAC not saying whether they will refer possible conflict of interest violation to Ethics Commissioner
Dominique Waters dove into free Air Canada vacation in Jamaica at top resort
Thousands of international flightsto and from Canada have confirmed cases of COVID-19 aboard, says PHAC