micstatic wrote:Air Canada got almost 5B US in april
No, Air Canada (and all Canadian carriers) received the ability to access government loans (at Mafia interest rates) in April.
This was in exchange for equity in the airline and Aeroplan. As well, certain restrictions were placed on the operation, including re-establishing (non profitable) flights to remote areas of Canada. To date, Air Canada has only received payroll assistance, like all corporations in Canada.
One of the conditions was to refund non refundable fares, which had begun.