15-Nov-2010 2:07 PM

Outdated policies cost CAD1bn: Air Canada

Air Canada CEO Calin Rovinescu stated Canadian aviation policies are constraining the growth of the airline and the carrier would save up to CAD1 billion in airport rent, airport infrastructure, navigation fees and charges if it was located in the US (Wall Street Journal, 13-Nov-2010). The CEO also stated that Canadian airlines are losing customers to US airports near the US/Canadian border, as flights are cheaper.

Air Canada: “Outdated policies ... not only hobble airlines but frankly the entire country and the economy. We cannot be boy scouts running around in short pants when it comes to global competitiveness, especially when we see what other countries are doing,” Calin Rovinescu, CEO. Source: Wall Street Journal, 13-Nov-2010.

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