Unions press Ottawa for US$5.3 billion bailout of Canadian airlines
UNIONS representing airline workers are calling for CAD7 billion (US$5
UNIONS representing airline workers are calling for CAD7 billion (US$5.3 billion) in government aid to prevent 'long-lasting damage' to the Canadian aviation sector, reports Bloomberg.
Government measures to curb Covid-19 have choked off most air travel, including a requirement that anyone entering the country isolate for 14 days. Through July, the recovery in Canadian air travel was much slower than in the US.
Unifor, the Air Canada Pilots Association and the Canadian chapter of the Air Line Pilots Association are asking the federal government to provide loan guarantees, money to resume and maintain air services and fund development of an 'evolving' quarantine and testing plan.
Funding should be under the form of a 10-year, one per cent loan, instead of a grant, Unifor National President Jerry Dias said at a press conference in Toronto.
The National Airlines Council of Canada, an association representing the country's largest carriers including Air Canada, Onex Corp's WestJet Airlines and Transat AT Inc support the plan.
'Countries around the world have brought forth sectoral support for their aviation sectors, precisely because of the critical role aviation must play in the economic recovery,' said council CEO Mike McNaney.