Chrystia Freeland Air Canada Canada Chrystia Freeland Air Canada Canada

Feds announce $5.9B aid package to Air Canada to help customer refunds, jobs

Reading now: 821
globalnews.ca

Air Canada with a multi-billion dollar aid deal to help cope with massive financial losses and  millions in customer refunds for cancelled trips amid the COVID-19 pandemic.Speaking at press conference Monday evening, Deputy Prime Minister Chrystia Freeland announced the government’s decision to “step in to support Air Canada, its nearly 15,000 active employees and its customers.”According to Freeland, the support will be in the form of a $4 billion loan as well as $500 million in equity — giving the government a stake in the airline for the first time since its privatization in 1989.

Air Canada cuts 1,500 jobs, suspends more international flights A separate $1.4 billion loan will also be used as a “voucher refund facility” for Air Canada..

Read more on globalnews.ca
The website covid-19.rehab is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.

Related News

Jim Kenney - Founder of Philly Fighting COVID agrees to destroy personal health data collected during clinic debacle - fox29.com - state Pennsylvania
fox29.com
86%
728
Founder of Philly Fighting COVID agrees to destroy personal health data collected during clinic debacle
Andrei Doroshin PHILADELPHIA - A graduate student in psychology whose COVID-19 vaccine operation got shut down by Philadelphia last year has settled with the state attorney general's office and agreed to destroy all personal health information his start-up gathered.The agreement was filed Friday in Commonwealth Court and requires a judge's approval to take effect.Central to the accusations against Andrei Doroshin, who had almost no public health experience when the city gave him the task, was that he had intended to profit from the vaccine operation run by his start-up, called Philly Fighting COVID.Mayor Jim Kenney says Philly Fighting COVID was a mistake after the Inspector General found no malice, no ill-intent, and no one seeking personal gain.Doroshin denied the allegations by the attorney general's office, including violating the state's nonprofit corporation law.Under the agreement, Doroshin and his associates are barred from managing charitable assets or soliciting charitable donations in Pennsylvania for 10 years.Doroshin also must destroy the personal health information gathered through the vaccine pre-registration service and is barred from receiving any financial benefit from the information or the vaccine.Doroshin must also dissolve Philly Fighting COVID.City officials said they gave him the job because he and his friends had organized one of the community groups that set up COVID-19 testing sites throughout the city in 2020.But they shut the vaccine operation down once they learned that Doroshin had switched his privacy notice to potentially sell patient data.
DMCA