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Couple important distinctions as of now... - nothing confirmed as far as a bailout with some conditions sounding like they're being negotiated- sounds like a handout of free cash isn't whats being negotiated so much as a low interest loan (1%, repaid over 10 years). 1% definitely low, but in the context of a world where people are still signing on 1.6% mortgages... Will see what it ends up being, but more at: https://www.cbc.ca/news/politics/airlines-air-canada-westjet-pandemic-covid-unifor-1.5936739
I think folks get that a greener future is a priority and most share that priority, but im thinking that within the wider context of what’s being discussed between gov and the airlines it’s a much broader picture at the moment. A major item sounds like it’s refunds to passengers with cancelled flights, which I hope gets sorted out. Some folks on a personal level might not intend to look to airlines for leisure travel, but when gov and the cos sorts this out they need to be looking at the wider economic picture and consider the effects of if one or both fail. Last I read late last year AC was looking at $14M-$16M cash burn per day which obviously can only go on for so long before something has to give.
Air Canada deal is in... https://www.bnnbloomberg.ca/feds-take-stake-in-air-canada-as-airline-taps-leeff-for-5-9b-1.1589311 WestJet issued a statement re continued discussions with the government on a safe travel restart framework, which includes re-iterating commitment to service all 42 airports serviced pre-Covid: https://www.westjet.com/en-ca/news/2021/the-westjet-group-statement-on-government-support-announcement
For April 5-June 4 flights, Brandon to Calgary is currently listed as 1x weekly on Mondays:https://www.westjet.com/en-ca/flights/domestic-schedule?sm_cid=social%3Aws-world%3Aschedule-changes-2021%3Atwitter%3A20210407
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