Originally posted by Doug K:
"During its history a a government controlled operation, Air Canada received a total of $679 million in loans and equity from the government of Canada. It returned to the government $1,020 million, a net gain of $341 million to the taxpayers of Canada."
I do hope a good proportion of that is in the form of dividends and capital repayments rather than income taxes. I would hope AC isn't that omnipotent to avid paying income taxes. The statement doesn't make it clear how the payments were made, and also in what time frame (time value of money considerations).