However this paragraph jumped out:
For the Union types who concern themselves with executive compensation as a means of distrust and hatred for those individuals, this should be a victory, no?New funding relief regulations will support the continued existence of a financially viable Air Canada, which is in the best interests of plan members and beneficiaries of the company’s pension plans. An agreement respecting pension plan funding arrangements and other requirements applicable to Air Canada for the years 2014 to 2020 was concluded between the Minister of Finance and Air Canada in May 2013 (the Agreement). The Agreement states that the Minister of Finance is prepared to recommend to the Governor in Council that special regulations offering further relief to Air Canada from 2014 to 2020 come into force following the expiry of the 2009 Regulations. The Agreement also provides that, as a condition of relief, the company agrees that increases in executive compensation will be frozen at the rate of inflation, special bonuses will be prohibited and limits will be imposed on executives’ incentive plans. In addition, Air Canada will be subject to a series of covenants and undertakings, including the prohibition of dividends and share repurchases, and no implementation of pension plan benefit improvements without regulatory approval.
For some conspiracy theorists there is never enough, this will just be a "smokescreen" as the execs do whatever they want anyways with the governments unofficial blessing.
Edit to add the link: http://www.gazette.gc.ca/rp-pr/p2/2014/ ... 44-eng.php