Air Canada puts heat on suitor

Article Abstract:

Air Canada has formally rejected Onex's hostile takeover bid where the former will be merged with Canadian Airlines International Ltd. However, Air Canada CEO and president Robert Milton said a better offer would be considered. Milton wanted an assurance that employee and regulatory issues must be resolved. Air Canada has challenged the legality of the hostile bid.

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Air Canada zeroes in on Dr. Doom

Article Abstract:

Montreal, Que.-based Air Canada has hired former banker Paul Farrier as a workout adviser to deal with Canadian Airlines International Ltd.'s creditors. Air Canada has completed its acquisition of Canadian Airlines, which has $3.5 billion in debt.

Executive changes & profiles, Officials and employees, Appointments, resignations and dismissals, Canadian Airlines International Ltd.

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On a wing and a prayer: Canada 3000's bet

Article Abstract:

Canada 3000 bets everything on a government bailout. The author examines the history, the financial problems, and the final unsuccessful attempt by management to save the airline from bankruptcy.

Strategy & planning, Evaluation, Economic policy, Political aspects, Domestic economic assistance, Company Profile, Financial management, Federal aid to transportation, Government aid to transportation, Canada 3000 Airlines Ltd.

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