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Air Canada is retracting financial guidance and cutting operations as the global coronavirus pandemic hits airlines, while asking the Canadian government to help with financial losses it expects to suffer in the coming months. The crisis facing our industry is worsening as countries around the world adopt increasingly severe measures, national lockdowns and travel restrictions, writes chief executive Colin Rovinescu in a statement on 16 March. We understand that the governments of the United States and many European countries such as Germany, France, Italy, Norway and others have approved or are considering assistance for their airline industries in one form or another. Under these circumstances, we believe that the Canadian airline industry should also see similar assistance, whether through forbearance of taxes, landing fees and other charges that form part of the aviation burden in Canada or otherwise until the industry stabilises, he says.Source: Air Canada Air Canada 787 DreamlinerThe Montreal-based flag carrier also says it is withdrawing earnings guidance for 2020 and 2021, and s
stanley cup uspending 50% of
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stanley us pacity in the second quarter of this year. Although the company expects this disruption to be temporary, as the full impact and duration of the outbreak is unknown, Air Canada is withdrawing its previously announced first-quarter and full-year 2020 guidance as well as its full-year 2021 guidance including its free cash flow guidance for the 2019-2021 period while it t Ntym After canceling visit to Kansas, UConn and Duke move higher on Cooper Flagg s list
A federal judge has signed off on the $600 million class action settlement over last year disastrous Norfolk Southern derailment in eastern Ohio, but many people who live near East Palestine are still wondering how much they will end up with out of the deal.Preliminary approval for the settlement came late Tuesday, so now lawyers involved in the case will return to the community to answer more questions about
stanley cup the deal Atlanta-based Norfolk Southern agreed to this spring.One of the lead attorneys for the plaintiffs, Mike Morgan, said the
stanley cup settlement will resolve claims against the railroad and other defendants in the lawsuit, such as the rail car owners and chemical manufacturer that made the vinyl chloride released and burned after the derailment.But Morgan said this deal won ;t affect possible future lawsuits against the Environmental Protection Agency, which is overseeing the cleanup, or any other government entity. Those agencies weren ;t defendants in this lawsuit, but there has been significant confusion because broad language in the fine print of the agreement mentions that governmental agencies, entities, and authorities, whether federal, state, county, or local, their employees, officers, agents, members, and volunteers are among the released parties. Our pitch to the community is please give us time to explain why we think this is fair, Morgan said.Morgan said that language
stanley mugs isn ;t designed to prevent lawsuits against the government, which mig
