Also from the same article:

"Under the agreement, Air Canada's new board will consist of 11 members — five designated by Trinity, two by Deutsche Bank, two members of management and two others by a selection committee which will include a representative of creditors.

Base salaries and bonus programs for executives that will remain with Air Canada won't go up, according to the terms of the agreement, but a management stock option program will be established.

Milton and Calin Rovinescu, executive vice president to implement Air Canada's business plan, will be provided with one per cent each of new equity vesting in stages over four years."