Federal Funding On its way?

[Transition9er2]

Looks like Bloomberg is reporting a multi-billion financial package on its way very soon.

They name AC specifically, but I imagine this is for the entire airline sector.

Certainly hope this is some of the good news we’ve all been waiting for!

https://twitter.com/bnnbloomberg/status ... 89474?s=21

T.

[Hangry]

WJ didn’t want any.

[redbusdriver]

i said this would happen

WJ didn’t want any.

maybe some complication if they are buying transit?

[boeingboy]

They name AC specifically, but I imagine this is for the entire airline sector.

It sure as hell better be.....

[scdriver]

I find it absolutely staggering how against funding for the airline industry the public seems to be. Granted, I only have anecdotal evidence but one just has to take a look at the replies to that tweet to get a glimpse. People seriously don't want a single tax dollar going to AC or any other carrier.

[flyingcanuck]

I find it absolutely staggering how against funding for the airline industry the public seems to be. Granted, I only have anecdotal evidence but one just has to take a look at the replies to that tweet to get a glimpse. People seriously don't want a single tax dollar going to AC or any other carrier.

The government has done a good job of making us look like the badguys

[redbusdriver]

I find it absolutely staggering how against funding for the airline industry the public seems to be. Granted, I only have anecdotal evidence but one just has to take a look at the replies to that tweet to get a glimpse. People seriously don't want a single tax dollar going to AC or any other carrier.

everyone loves to hate on air canada! and they be happy with tax dollars being wasted on much stupider things and to trudeaus pals

[dhc2pilot]

I find it absolutely staggering how against funding for the airline industry the public seems to be. Granted, I only have anecdotal evidence but one just has to take a look at the replies to that tweet to get a glimpse. People seriously don't want a single tax dollar going to AC or any other carrier.

Yeah but let’s give all the lazy crack heads $2000 a month during COVID. My grandchildren will be paying off Trudeau’s free giveaways

[scdriver]

I find it absolutely staggering how against funding for the airline industry the public seems to be. Granted, I only have anecdotal evidence but one just has to take a look at the replies to that tweet to get a glimpse. People seriously don't want a single tax dollar going to AC or any other carrier.

everyone loves to hate on air canada! and they be happy with tax dollars being wasted on much stupider things and to trudeaus pals

Yep, and I'm sure the average taxpayer does not realize the air transport industry contributes $62 BILLION to Canadian GDP and supports hundreds of thousands of jobs directly and indirectly. But screw airlines right they just charge me too much for my bags.

[a2btrail]

Funding is* here.

https://aircanada.mediaroom.com/2021-04 ... ty-Program

[Transition9er2]

Any word yet as to weather furloughed pilots will finally get wage subsidy?

I honestly can’t believe your group do not have access to this help!

T.

[Julian.B]

Hi.

(Long time reader, first time poster).

I'm curious as to how this will impact regional flying and how will Air Canada delegate that?

One of the conditions for the loan was the restart of previously suspended / canceled regional routes. It was hard to understand some points, due to poor French to English translation on CTV news, but from what I understood:

Some regional routes will be flown by "Air Canada" (aka Jazz), while others, Air Canada will have the option to work with other airlines to restart these routes.

Will there be a new regional carrier contracted out? (Maybe Provincial Air Lines?)

[Dh8Classic]

My grandchildren will be paying off Trudeau’s free giveaways

To give you an idea of the competence of this government, this was in the newspaper today:

"The Canadian cabinet is devoid of representatives from the critically important sectors of oil and gas, mining, technology, manufacturing, agriculture, export, science, construction, engineering, retail or finance. It lacks anyone knowledgeable about economics, geopolitics, innovation, entrepreneurship, innovation, or future trends.

For instance, the Prime Minister of Canada was a teacher and snowboard instructor; the current finance minister is a journalist who’s also burdened with other portfolios; the health minister is a graphic designer; the procurement minister, a law professor; the foreign minister, an astronaut; the minister of natural resources, a self-described TV “personality”; the minister of agriculture, a campground proprietor and so on."

[EPR]

My grandchildren will be paying off Trudeau’s free giveaways

To give you an idea of the competence of this government, this was in the newspaper today:

"The Canadian cabinet is devoid of representatives from the critically important sectors of oil and gas, mining, technology, manufacturing, agriculture, export, science, construction, engineering, retail or finance. It lacks anyone knowledgeable about economics, geopolitics, innovation, entrepreneurship, innovation, or future trends.

For instance, the Prime Minister of Canada was a teacher and snowboard instructor; the current finance minister is a journalist who’s also burdened with other portfolios; the health minister is a graphic designer; the procurement minister, a law professor; the foreign minister, an astronaut; the minister of natural resources, a self-described TV “personality”; the minister of agriculture, a campground proprietor and so on."

And the budget will balance itself! As a Country, we are sooo fucked! Thanks Trudeau, for screwing up the vaccines procurement...you asshole!

[scdriver]

My grandchildren will be paying off Trudeau’s free giveaways

To give you an idea of the competence of this government, this was in the newspaper today:

"The Canadian cabinet is devoid of representatives from the critically important sectors of oil and gas, mining, technology, manufacturing, agriculture, export, science, construction, engineering, retail or finance. It lacks anyone knowledgeable about economics, geopolitics, innovation, entrepreneurship, innovation, or future trends.

For instance, the Prime Minister of Canada was a teacher and snowboard instructor; the current finance minister is a journalist who’s also burdened with other portfolios; the health minister is a graphic designer; the procurement minister, a law professor; the foreign minister, an astronaut; the minister of natural resources, a self-described TV “personality”; the minister of agriculture, a campground proprietor and so on."

I read that article earlier today and it sounded so ridiculous I didn’t actually believe it...I’ve never wished I lived in the US but it certainly has its benefits right about now

[NortherGoose]

So is this still a topic about the Federal Aid Package discussion or is it just another topic for people to whine about liberals and Trudeau? Yes it is Trudeau and the Liberals that are in power and have provided this package but it still has some interesting topics within it to be discussed without mentioning drama teacher. The Equity stake in the airline is an interested one and the first of its kind in what 30 years?

[simply_no_one]

Any word yet as to weather furloughed pilots will finally get wage subsidy?

I honestly can’t believe your group do not have access to this help!

T.

We do not.

[photofly]

My grandchildren will be paying off Trudeau’s free giveaways

To give you an idea of the competence of this government, this was in the newspaper today:

"The Canadian cabinet is devoid of representatives from the critically important sectors of oil and gas, mining, technology, manufacturing, agriculture, export, science, construction, engineering, retail or finance. It lacks anyone knowledgeable about economics, geopolitics, innovation, entrepreneurship, innovation, or future trends.

Cabinet shouldn’t have “representatives” from industries. Cabinet is for politicians, elected on the basis of beliefs and (hopefully) good judgement, not for being subject matter experts. You might feel that individuals in the government that lack judgment or general skills, but the health minister doesn’t have to be a doctor, the finance minister doesn’t have to be an economist, etc. Nor has it ever been thus.

Most successful politicians spend the majority of their career being politicians, so what they did outside politics twenty years prior to reaching positions of authority is typically pretty junior.

That’s the way democracy works out.

Stephen Harper didn’t do anything at all before entering politics, did he?

[Transition9er2]

So is this still a topic about the Federal Aid Package discussion or is it just another topic for people to whine about liberals and Trudeau? Yes it is Trudeau and the Liberals that are in power and have provided this package but it still has some interesting topics within it to be discussed without mentioning drama teacher. The Equity stake in the airline is an interested one and the first of its kind in what 30 years?

Government involvement is concerning. I agree! The other piece I’m a little confused over is the carbon emissions and Net Zero commitment. Because this loan was issued under the LEEF program there’s some clear language in the program regarding a commitment to net zero or something along those lines. As an airline, I’m not sure how this makes sense... not to mention if Government now has a stake in the company, are they going to force this piece aggressively in the future? And to someone’s point above, if there’s no real education or understanding on these types of impacts to a business from the governments side, how does AC protect themselves in the future from negative business implications?

T.

[Monkey_in_a_suit]

[/quote]
Stephen Harper didn’t do anything at all before entering politics, did he?
[/quote]

Except get a Masters degree in Economics but I guess we won't talk about that.