Canada is closing its support of aviation insurance policies for war risk enacted after 9/11. As a result, insurance premiums are set to rise for Canadian airlines.
Canada will provide coverage to June 30 but it will not be renewed.
President and CEO of the Air Transport Association of Canada, John McKenna, said "We did lobby for this program to continue as it has never cost the government a penny in claims. We thought it unfortunate that this should be one of Minister Garneau's first announcements.