It’s not ‘a subsidy’: First Air seeks $42M from feds for new planes – CBC

It’s not ‘a subsidy’: First Air seeks $42M from feds for new planes – CBC

by ahnationtalk on April 26, 2016578 Views

Apr 25, 2016

Transport Canada expresses concern about economic viability of northern airlines in briefing note

First Air has been lobbying the federal government for $42 million to replace some aging planes in the company’s fleet, but the company says it is not seeking a handout.

“This is a loan,” said Bert van der Stege, First Air’s vice-president. “This is not a contribution or a subsidy. This is a loan that the government makes available to businesses.”

In January Brock Friesen, First Air’s president and CEO, wrote the Parliamentary Standing Committee on Finance asking for “a financial contribution of $42M over two federal fiscal years,” starting in the 2016-17 fiscal year.

Read More: http://www.cbc.ca/news/canada/north/first-air-wants-federal-government-loan-1.3549516

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