Air Canada and Government of Canada Conclude Agreements on Liquidity Program

[Babar350]

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[ayseven]

Again more ignorance on how things work. Economics is not zero sum. The government has not dealt "a blow against aviation". And the government programmes were offered to pretty much everybody, NOT the airlines specifically. So because they did not specifically help airlines (and nobody else) you are saying they hurt the industry. A lot of industries are hurting, not just this one. The pandemic came here on an airplane. We know this. No trucks from the States, NO FOOD. Your argument does not hold up.

What I see here is typical Canadian negativity. If you don't agree with the government, whether it be Jason Kenney's lot, Doug Ford, J Trudeau, or whomever, just vote with your conscience. Could you have done better? Maybe, maybe not. These are tough times, but you are blaming the wrong target, and I do not see any solutions with where we are today proffered here.

[cloak]

What’s even more disturbing is that by this agreement the federal government has become a large shareholder in its former crown corporation again which makes its regulation of the industry even more challenging. Which begs the question why did it not provide an industry-wide aid package like the U.S? Also, its delay in supporting airlines has caused substantial erosion of market share for all Canadian carriers to foreign carriers which will put them at a great disadvantage for long. It becomes clear that in all aspects of managing the pandemic the federal government has simply failed Canadians, particularly regarding economy it is utterly clueless.

[EPR]

The problem is that Justin and his cohorts do not understand economics and are driven by their socialist ideology as opposed to protecting Canada, its people and its economy. For over a year they have constantly attacked aviation industry by various limitations while they are clueless how to battle the pandemic or procure vaccines. It is simple economics. If they continue to put limitations on travel they must carry the cost of it too. For instance in the U.S furloughs have been very limited if any while in Canada there have been massive lay-offs and more coming still. While the aid in the states was very targeted to the sectors affected and as a result aviation was protected that all pilots are at work and hiring is restarting, here the response was very slow, very small, and very convoluted that companies didn’t even want to use it.

As a result, the so called “bail-out” that is offered to Air Canada and may be offered to other carriers is a joke and reminiscent of the aftermath of 911 during another liberal regime. What it demanded in return for “loan guarantees” for a lousy 75 million, not even the money itself but to back that loan, was such sweeping control in the airline that it was no use and sealed the fate of Canada 3000. The same is taking place now. The liberals are penny wise and pound foolish. They waste billions and billions but when it comes to actually helping industries that are affected, they always fail because they try to appear prudent to the public. If they were prudent however, there would not be so much corruption and wasted tax dollars.

Recent history shows that a combination of a liberal regime and a global event such as 911 or a pandemic means disaster for Canada. That combined with a politically uninitiated and apathetic public is a perfect storm!!

BOOM... MIC DROP!

[alkaseltzer]

The problem is that Justin and his cohorts do not understand economics and are driven by their socialist ideology as opposed to protecting Canada, its people and its economy. For over a year they have constantly attacked aviation industry by various limitations while they are clueless how to battle the pandemic or procure vaccines. It is simple economics. If they continue to put limitations on travel they must carry the cost of it too. For instance in the U.S furloughs have been very limited if any while in Canada there have been massive lay-offs and more coming still. While the aid in the states was very targeted to the sectors affected and as a result aviation was protected that all pilots are at work and hiring is restarting, here the response was very slow, very small, and very convoluted that companies didn’t even want to use it.

As a result, the so called “bail-out” that is offered to Air Canada and may be offered to other carriers is a joke and reminiscent of the aftermath of 911 during another liberal regime. What it demanded in return for “loan guarantees” for a lousy 75 million, not even the money itself but to back that loan, was such sweeping control in the airline that it was no use and sealed the fate of Canada 3000. The same is taking place now. The liberals are penny wise and pound foolish. They waste billions and billions but when it comes to actually helping industries that are affected, they always fail because they try to appear prudent to the public. If they were prudent however, there would not be so much corruption and wasted tax dollars.

Recent history shows that a combination of a liberal regime and a global event such as 911 or a pandemic means disaster for Canada. That combined with a politically uninitiated and apathetic public is a perfect storm!!

Canada 3000 was doomed for failure after Royal airlines cooked the books and they fell for it and bought them.

That’s no fault of any government.

[‘Bob’]

No different than Air Canada after they bought CDN.

Thank god for government.

[newlygrounded]

What’s even more disturbing is that by this agreement the federal government has become a large shareholder in its former crown corporation again which makes its regulation of the industry even more challenging. Which begs the question why did it not provide an industry-wide aid package like the U.S? Also, its delay in supporting airlines has caused substantial erosion of market share for all Canadian carriers to foreign carriers which will put them at a great disadvantage for long. It becomes clear that in all aspects of managing the pandemic the federal government has simply failed Canadians, particularly regarding economy it is utterly clueless.

Because that would be unpopular with the public, and the CEWS was basically meant to be an expensive but voter neutral program that put money to workers

[cloak]

I was referring to the specific agreement with airlines that in the case of Air Canada made the federal government a very large (the largest perhaps?) shareholder, instead of a more neutral across the board program for all airlines, much like U.S and other countries.