Air Canada CE Calin Rovinescu ‘very concerned’ by NAFTA erosion
The erosion of free trade with the US and Mexico would be bad for Canada's largest airline, Air Canada's CE said Tuesday. "We see the economic value and the economic contribution that NAFTA has facilitated," Calin Rovinescu told the Forum of the Americas in Toronto. Although bilateral air agreements are not part of the agreement, he said the largest foreign carrier in the US by flight frequencies and cities served has relied significantly on connecting and business traffic coming across the border. Rovinescu said Air Canada makes a C$75b to $100b annual economic contribution when factoring in the model that estimates the economic benefit from airlines equalling 5 to 7 times revenues. "Serving those 70 or so cities in the US has enabled us to make more than our fair share of economic contribution," he added. <br/>
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Air Canada CE Calin Rovinescu ‘very concerned’ by NAFTA erosion
The erosion of free trade with the US and Mexico would be bad for Canada's largest airline, Air Canada's CE said Tuesday. "We see the economic value and the economic contribution that NAFTA has facilitated," Calin Rovinescu told the Forum of the Americas in Toronto. Although bilateral air agreements are not part of the agreement, he said the largest foreign carrier in the US by flight frequencies and cities served has relied significantly on connecting and business traffic coming across the border. Rovinescu said Air Canada makes a C$75b to $100b annual economic contribution when factoring in the model that estimates the economic benefit from airlines equalling 5 to 7 times revenues. "Serving those 70 or so cities in the US has enabled us to make more than our fair share of economic contribution," he added. <br/>
