B.C.'s Wajax to move head office to Toronto

Article Abstract:

Wajax Ltd. of Langley, British Columbia, is relocating its headquarters to Toronto, Ontario, as of next Jun. 1, 1999. Wajax Chairman Gordon MacNeill stresses that the company's strategic moves would bring the company closer to its suppliers and reduce travel time that Wajax does. The planned headquarters relocation, which was announced to company workers on Aug. 13, 1998, will affect 15 head office employees, who will be given the option of relocating to Toronto. According to MacNeill, operations will continue in Vancouver, British Columbia, as well as the Langley office that operates as Wajax's heavy industry unit, selling earth movers, excavators and related products.

Comment:

Is relocating its hq to Toronto, Ontario, as of next 6/1/99

Machinery, Equip & Supplies Whsle, Machinery, Equipment, and Supplies Wholesalers, Wajax Ltd.

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Newcourt plans new joint venture

Article Abstract:

Newcourt Credit Group Inc., a non-bank lender based in Toronto, Ontario, has partnered with Fairchild Aerospace Corp., an equity investment firm, to form an independent aircraft leasing joint venture company. The joint venture, which will be called Millennium Leasing Co. I LLC., will extend operating and finance leases to customers of Fairchild Aerospace. It will initially offer purchase the existing portfolio leases of Fairchild Aerospace, which include 20 aircraft valued at approximately $140 million, and offer them for lease, with the hopes of adding one aircraft each year to its fleet.

Comment:

Partners w/ Newcourt Credit Group Inc to form independent aircraft leasing joint venture company, Millennium Leasing Co I LLC

Joint ventures, Commercial Air, Rail, and Water Transportation Equipment Rental and Leasing, Transport Equipment Leasing, Rental ex A, Transportation equipment rental, Fairchild Dornier Aerospace, Newcourt Credit Group Inc., Millennium Leasing Company ILLC

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Eaton's plans to wind down and liquidate its inventory

Article Abstract:

Eaton's, the troubled Canadian department-store chain, announced that it plans to submit a proposal to creditors under the Bankruptcy and Insolvency Act. The announcement, which came four days after the company said that negotiations with a potential buyer had collapsed, could mean that the company is finally closing down. The company has an option to restructure under court protection under the Creditors Arrangement Act, an option it once took in 1997.

Canada, Department Stores, Eaton's of Canada Ltd.

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