Hear me out. Instead of bailing Air Canada out every 15 years, we should be buying into the company. They frequently do share buy backs, they should be buying shared back from us. Why are my tax dollars helping a company that does business unsustainably.
I’m not sure of the exact conditions of the AC bailouts, but most bailouts are loans with very strict conditions which may often lead to a net positive result for taxpayers.
So, its very possible that we’re already getting positive returns from these bailouts.
‘Perfect storm’ causing constant delays at Air Canada, despite windfall profits: CEO
A “perfect storm” of problems lies behind Air Canada’s wave of flight delays over the summer, its CEO said, even as the country’s largest airline roars back to profitability – with no sign of slowing down.
Despite more staff and revamped technology, Air Canada’s operations in June and July failed to meet “expected levels,” Michael Rousseau told analysts on a conference call Friday.
