Transat and Federal GovernmentSo if the Feds want a piece of the airline industry and all it's challenges then let them bail out Transat and take an ownership stake (goes well with their election practices of federal aid for Quebec!) and see how they like their piece of the pie!! I suspect it would be shorter lived than the Petro Can fiasco.
I think they might give PKP and Quebecor a bunch of money to prop this up for a few years until it goes belly up and PKP takes his grants and cheap loans and makes off with a boatload of cash. He has the political connections. This will be another Trudeau criminal investigation in the future. Sounds like another Bombardier in the making.
I also think AC is looking at other options now in both cargo and their own business model and this is why they are not extending this deal. It might have been worth it to them but with all the governments meddling in private business they might be looking at throwing in the towel. Too many concessions and the sweet taste begins to sour.
So much meddling now and in the end Transat (which was in trouble prior to the pandemic) is going to face some huge challenges now. Would hate to be a shareholder today. Maybe Westjet can loan them some money. they sem to be very concerned about them!