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Air Canada says its senior executives have chosen to return their 2020 bonuses in response to “public disappointment.” The airline company says in a news release the president and CEO, as well as executive vice-presidents of Air Canada, have volunteered to return their bonuses and share appreciation units. Former president and CEO Calin Rovinescu, who retired in February 2021, says he will also donate his share to the Air Canada Foundation. The statement does not include middle managers, whose bonuses made up more than $8 million of the $10 million bonus program, among those who are volunteering their bonuses. Finance Minister Chrystia Freeland signalled her displeasure Wednesday over the multi-million-dollar packages handed out to the airline’s executives as the company negotiated a federal bailout, calling the bonuses “inappropriate.” Last Monday, the airline disclosed its annual proxy circular to shareholders that gave the bonuses to people the investor document called instrumental in the airline’s survival over the past year as air travel plunged during the COVID-19 pandemic.

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