05:06:17 EDT Sat 27 Apr 2024
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Air Canada
Symbol AC
Shares Issued 358,406,964
Close 2023-03-29 C$ 18.52
Market Cap C$ 6,637,696,973
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NP says Air Canada hears feds to up airport spending

2023-03-30 08:53 ET - In the News

Also In the News (C-ONEX) Onex Corp
Also In the News (C-TRZ) Transat AT Inc

The National Post reports in its Thursday edition that the federal budget tabled Tuesday will provide $1.8-billion over five years to the Canadian Air Transport Security Authority to boost its level of service, shorten screening wait times and improve security measures. The Post's Anja Karadeglija quotes the budget, introduced by Finance Minister Chrystia Freeland, saying, "As air travel returned through 2022, Canadians faced unacceptable flight delays, long lineups at airports and mishandled baggage." The measure comes after Canadians experienced travel chaos in December and last summer, prompting calls by many to improve traveller protections -- something the travel minister has promised to do. The budget promised to make legislative changes to impose stronger obligations on airlines to compensate passengers for delays and cancellations, to make the complaints process at the Canadian Transportation Agency more efficient and to give the Transport Minister authority to force airlines to help pay to resolve passenger complaints.

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