Air Canada paid $10M in COVID-19 bonuses to top execs while negotiating gov’t rescue plan The airline said that the bonuses were going to be returned as a result of “unintended consequence” arising from the payments.
The release also said that former Air Canada President and CEO Calin Rovinescu would donate his 2020 bonus and share units to the Air Canada Foundation.The executives’ decision comes nearly a week after it was revealed that the airline paid its top executives and managers a combined $10 million in bonuses tied to the COVID-19 pandemic in 2020, despite the airline’s loss of billions and decision to cut thousands of jobs.According to the airline, the bonuses had come with special stock rewards meant to compensate executives and.