Interesting! Appreciate the share. Still don’t know that I would recommend it in 2025. Governments aren’t nimble enough to be competitive in the industry.
Comment on Air Canada to resume flights after government ends flight attendant strike
Thedogdrinkscoffee@lemmy.ca 2 days agoIt used to be a crown corporation.
en.m.wikipedia.org/wiki/Air_Canada
Canada’s national airline originated from the Canadian federal government’s 1936 creation of Trans-Canada Air Lines (TCA), which began operating its first transcontinental flight routes in 1938. In 1965, TCA was renamed Air Canada following government approval. After the deregulation of the Canadian airline market in the 1980s, the airline was privatized in 1988.
JizzmasterD@lemmy.ca 2 days ago
Thedogdrinkscoffee@lemmy.ca 2 days ago
Corporations aren’t nimble enough to survive without government bailouts and in this case, forced mediation.
A nimble Air Canada would have bargained in good faith and avoidedbthe situation alltogether. Corporations are the ultimate welfare bums.
JoeDyrt@lemmy.ca 1 day ago
And it worked pretty well too! The crying of the investment elite by hyping up their “private company efficiencies” finally forced the government to privatize Air Canada. Now AC annual profits in the billions but fights tooth and nail to avoid fair pay.