Government Protect Canadian Air Travellers, Jobs, and Airline Sector

Source: Department of Finance of Canada In a country as vast as Canada, it is essential we maintain connections between people and our communities. To that end, today the Deputy Prime Minister and Minister of Finance, the Honourable Chrystia Freeland, and the Minister of Transport, the Honourable Omar Alghabra, announced financial support for Air Canada. As a condition to receiving this support, Air Canada will ensure that: Regional communities retain air connections to the rest of Canada through the restart of service at airports temporarily suspended by Air Canada; Any customer of Air Canada who wants a refund will receive one for certain pandemic-related cancelations; Airline jobs, pensions, and collective agreements are protected; and Air Canada remains a customer for Canada’s aerospace sector. [...]

2021-04-13T15:35:45+03:00April 13th, 2021|AROUND THE WORLD, News|

Details of Financial Support to Air Canada

Source: Department of Finance of Canada Backgrounder The government's financial support to Air Canada is being provided under the Large Employer Emergency Financing Facility (LEEFF). The Canada Enterprise Emergency Funding Corporation (CEEFC) has committed to provide $4 billion in repayable loans and an equity investment in Air Canada of $500 million in newly-issued Class B Voting Shares at a 15 per cent discount to their recent trading price. CEEFC will also receive warrants on Air Canada stock in an amount equal to 10 per cent of the loan commitments (CEEFC's news release contains detailed information regarding the warrants). As a condition of its agreement with CEEFC, Air Canada has made a number of commitments as outlined below. Refunds for Canadians The agreement with [...]

2021-04-13T15:36:23+03:00April 13th, 2021|AROUND THE WORLD, News|

Statement from Canadian Foreign Minister Marc Garneau to announce the cancellation of export permits to Turkey

Source: Office of the Canadian Minister of Foreign Affairs The Honourable Marc Garneau, Minister of Foreign Affairs today issued the following statement:​ “Last fall, in line with our robust export control regime, the Government of Canada suspended export permits for military goods and technology to Turkey pending the results of an investigation into allegations that Canadian technology was being used by Azerbaijan in the military conflict in Nagorno-Karabakh. “Those suspensions followed the decision to suspend the issuance of new export permits to Turkey in the fall of 2019, following its military incursion into northeastern Syria. “Global Affairs Canada, in consultation with the Department of National Defence, has since conducted a thorough review of all suspended and valid export permits for all military goods and technology destined to Turkey. “Following this review, which found credible evidence that Canadian technology exported [...]

2021-04-13T16:02:47+03:00April 13th, 2021|AROUND THE WORLD, News|

Australia Welcomes Two-Way Trans-Tasman Travel

Source: Office of the Prime Minister of Australia Australia’s flight-path to recovery is well underway with the Australian Government welcoming the New Zealand Government's announcement that it will join the Safe Travel Zone between Australia and New Zealand. This announcement will enable quarantine-free travel between Australia and New Zealand on both sides of the Tasman helping to reunite families and friends and giving tourism operators a significant boost. It follows Australia’s opening of a one-way Safe Travel Zone from New Zealand to Australia six months ago, with more than 34,000 arrivals into Australia from New Zealand during that period. This latest major step in the resumption of international travel has only been possible due to the internationally recognised, world-leading responses [...]

2021-04-06T14:41:31+03:00April 6th, 2021|AROUND THE WORLD, News|

Chile announces the gradual and safe reopening of its borders as of 23 November 2020

Source: Government of Chile   The Undersecretary of the Interior, Juan Francisco Galli, together with the Undersecretary of Public Health, Paula Daza, unveiled the Step-by-Step Border Opening Plan, which includes three fundamental pillars: gradualism, security and traceability.   As of November 23 at 00.00 hours, foreigners may enter the country only through (Santiago's) Arturo Merino Benitez international airport, complying with all health requirements.   “On March 18th we closed the borders to any Chilean or non-resident foreigner in our country. Our country took measures that were consistent with protecting the right of Chileans and residents who could return to our country. As progress has been made, the President has arranged to make the borders more flexible only and exclusively through [...]

2020-11-16T19:39:06+02:00November 16th, 2020|AROUND THE WORLD, News|