Employee and Stakeholder Information Update
23 March 2021
We recently circulated and posted a consultation paper that Air North provided to the Federal Department of Finance along with two resolutions from the Northern Air Transport Association (NATA). This note is intended to provide readers with a brief overview of what we are trying to achieve.
Our general objective is to provide government(s) with a strategy that will help the airline industry to navigate through a lengthy pandemic induced period of low demand without placing an undue burden on taxpayers. Operating and financial data for the first nine months of the pandemic shows that, while financial relief provided to carriers has been both significant and helpful, its impact has been diminished due to market overcapacity and resulting “double subsidies.” We feel that it is now appropriate to transition from “temporary emergency financial relief” to a “sustainability plan” which combines policy with conditional relief funding in order to optimize outcomes.