Trudeau non-committal on airline bailout as Air Canada lays off thousands

Nathan Denette/The Canadian Press

Date Published: May 16, 2020

Source: CBC

The Prime Minister plans to continue to work with Air Canada and other airlines that were significantly impacted by the COVID-19 crisis, as Air Canada prepares to lay off about half of its workforce. However, the airline also plans to rehire thousands of employees after qualification for the government’s wage subsidy program. He clarifies that the support is not a bailout, but a loan to help airlines for the time being. Airline management has criticized the measures as being inadequate since travel restrictions are likely to continue into the summer with bleak prospects for the tourism industry. Additionally, Trudeau revealed that the first Canadian clinical trials for a COVID-19 vaccine had been approved by Health Canada and were underway.

Read the full article here:

Summary by: Megan Lam