Editorial Comment

Canadian transportation shareholders beware as Air Canada gets its state aid

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Canadian transportation shareholders beware as Air Canada gets its state aid

Westjet will likely despair at the news that Ottawa is to help Air Canada deal with its $4.2bn deficit in its pension plan. The rules imposed on Air Canada in exchange for the relief set limits on executive pay and prevent dividends and stock buy-back activity. Small fry when you consider this deal ...

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