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Air Canada Condemned for Paying Millions Out in Exec Bonuses

Source: Erik Bay, globalnews.ca, June 04, 2021

Air Canada informed shareholders its top executives and managers were getting a combined $10 million in stock options and bonuses for their response to the COVID-19 pandemic.

Members of Parliament from all parties voted unanimously on Thursday to condemn Air Canada for paying out millions of dollars in executive bonuses while negotiating a COVID-19 support package with the federal government, refusing to honour customer refunds and laying off thousands of staff.

Bloc Québécois MP Xavier Barsalou-Duval put forward the motion, which states “that this House condemn the decision of senior management of Air Canada to pay themselves $20 million in executive bonuses when they’re received $6 billion in public assistance.”

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