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Carrier asks Ottawa for relief

Article Abstract:

Air Canada is requesting $3-billion-$4-billion in assistance from Ottawa to help it recover from the huge impact of the Sept. 11 terrorist attacks.

Scheduled Airlines, Scheduled Air Transportation, Public affairs

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Carrier says move threatens card payments

Article Abstract:

Air Canada could be left without the ability to process credit card payments if a court order allows Global Payments Canada Inc. to break ties with the company.

Legal issues & crime, Legal/Government Regulation, Data Processing Services, Data processing and preparation, Credit Card DP Services, Company legal issue, Cases, Credit card processing, Credit card processing services, Global Payments Canada Inc.

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Air Canada bid in jeopardy: Li threatens to walk away if judge reopens bidding to allow competing Cerberus offer

Article Abstract:

Hong Kong businessman Victor Li is threatening to walk away from his proposed $650-million investment in Air Canada if a judge overseeing the airline's restructuring reopens the bidding to allow a competing offer from New York investment fund Cerberus Capital Management LP. The warning is issued in a letter to a court-appointed monitor from John Evans, a Toronto lawyer representing Trinity Time Investment Ltd., a holding company controlled by Li.

Organizational history, Company restructuring/company reorganization, Reorganization and restructuring, Businessmen, Company organization, Li, Victor

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