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Canadian Airlines on the brink as government policy fuels merger bets
The summer forecast for Canadian Airlines is bleak with a looming 500 million cash need to survive winter. Regulators and Ottawa are blamed for stifling competition, while Onex's Gerald Schwartz emerges as a key player in a proposed 5.7 billion merger with Air Canada to dominate 90 percent of the market, risking higher prices and harming smaller carriers like WestJet. The piece argues for preserving competitive pricing and airline options, noting job losses and regulatory influence.
MENTIONED IN THIS ARTICLE
Canadian Airlines
Air Canada
Canadian
Canada
California
Vancouver
Iqaluit
Ottawa
Transport
David Collenette
Gerald Schwartz
Onex Corporation
Collenette
Schwartz
Onex
WestJet