Canadian government bailout of airlines needs conditions

Canadian taxpayers must refuse to fly blindly, given the amount of money needed for a bailout. Supporting an airline bailout makes sense if the terms, use of money, and the benefits to Canadians are clear.

Intergovernmental Affairs Minister Dominic LeBlanc, pictured Oct. 27, 2020, on the Hill, recently suggested the Canadian government could take an ownership stake to bail out our airlines. But Daniel Tsai argues that the Canadian government should explore other options instead, including offering low interest loans to airlines, guaranteed by the airlines' assets, which are lower risk. The Hill Times photograph by Andrew Meade

Opinion

BY DANIEL TSAI

November 4, 2020

TORONTO—While airlines struggle and make major service cuts due to an unprecedented drop in passenger demand, Intergovernmental Affairs Minister Dominic LeBlanc recently suggested the Canadian government could take an ownership stake to bail out our airlines. Canada could follow what Germany di...

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