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Canadian airlines close to agreeing billion-dollar bailout package
The Canadian government is close to concluding a deal with airlines for a bailout worth billions. Talks have focused on bailout package worth about $7 billion but this could be higher, says a union leader privy to the discussions.
Jerry Dias, national president of Unifor reckons a package would be worth about $9 billion and a deal could be imminent. The government and airline reps have been in ‘contentious and difficult’ discussions for several weeks.
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Editor for TravelMole North America and Asia pacific regions. Ray is a highly experienced (15+ years) skilled journalist and editor predominantly in travel, hospitality and lifestyle working with a huge number of major market-leading brands. He has also cover in-depth news, interviews and features in general business, finance, tech and geopolitical issues for a select few major news outlets and publishers.
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