Air Canada, Canadian government agree on pandemic bailout

<p>TORONTO &mdash; Air Canada says it has agreed with the Canadian government on financing that will allow the airline to access as much as $5.9 billion Canadian (US$4.7 billion) to help it recover from the economic damage caused by the pandemic.</p>
<p>As part of the financial package, Air Canada has agreed to a number of commitments related to customer refunds, service to regional communities, restrictions on the use of the funds provided, employment and capital expenditures.</p>
<p> In return for the aid, the carrier is offering refunds to customers who bought non-refundable fares but did not travel due to the pandemic since February 2020. </p>
<p>Also in exchange for the bailout, the airline is resuming service for all regional communities where service was suspended. </p>