WestJet’s Amanda Ierfino, Director, Sales, issues statement on WestJet Agent

WestJet OK with no government aid coming out of the ********

CALGARY — WestJet says it is not seeking financial aid from the federal government after months of talks between Ottawa and the *******.

It says each party has agreed to shift focus to restarting the travel and tourism sector, given encouraging vaccination rates.

WestJet’s overall passenger volumes in 2020 were down nearly 90% from the year before, and the ******* was forced to reduce its employee head count from 14,000 prior to the ******** to a low of 4,000.

But the ******* has said it expects travel demand to rebound this summer as restrictions ease and ******** case counts fall.

WestJet has already restored service to all of the airports it served before the ********.

The federal government announced Monday that as of Aug. 9, fully vaccinated U.S. citizens and permanent residents will be allowed to enter the country, with the rest of the ***** to follow in September.

Private equity firm Onex Corp. purchased WestJet in 2019.

The prospect of increased travel, both within Canada and internationally, comes after a brutal period for the passenger transport sector.

In April, Ottawa reached a deal with ********** that allowed the battered ******* to access as much as $5.9 billion in loans and equity financing from the public purse.

The deal gave Canada a 6% stake in the *******. ********** also promised to restore domestic routes and ****** passengers whose flights were cancelled due to ********.

**********’s passenger numbers had declined 73% in 2020 following several years of record growth for the *******. During 2020, it reduced staff by more than 20,000, more than half of the pre-***** total, then cut another 1,700 employees in January.

Air Transat also reached a deal in April for a $700-million loan from Ottawa.

Nearly half of that funding was earmarked for providing refunds to customers whose trips were disrupted by the ********, while the rest will go towards maintaining operations during ******** restrictions.

The Transat deal came with additional caveats: In exchange for the loan, the company had to temporarily halt share buybacks an dividends, and executive pay was capped. Ottawa also has the right to buy up to 13 million shares in the company.






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