Canadian Finance Minister Jim Flaherty last week appointed a mediator to try to resolve the pension funding dispute between Air Canada and its unions. AC President and CEO Calin Rovinescu has said the carrier needs urgent relief from its C$2.9 billion ($2.6 billion) pension funding solvency deficit, but the airline's unions have rejected management's request for a funding "moratorium" (ATWOnline, May 11). Flaherty turned to James Farley, the former Ontario Superior Court judge who oversaw ...

Subscribe to Access this Entire Article

"Ottawa calls on former AC bankruptcy judge to mediate pension dispute" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions? ATWPlus@penton.com.