Airline given 30 days to satisfy creditors

Article Abstract:

Canada 3000 Inc. get 30 days to pay creditors. Company officials say their restructuring plans includes laying-off 1,500 employees, reduction in company size, and would work with unions to come to an agreement that would free up $75 million in loan guarantees.

Organizational history, Scheduled Airlines, Scheduled Air Transportation, Air Transportation, Scheduled, And Air Courier Services, Company Profile, Canada 3000 Airlines Ltd.

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Airline pushes back date for restructuring leases

Article Abstract:

The completion of Air Canada?s aircraft lease restructuring program has been delayed by about one month. Air Canada, which has been declared insolvent, is seeking to form agreements with a range of aircraft lessors that will allow it to maintain operations.

Financial management, Company financing, Air Canada

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Personal bankruptcy rate on the rise

Article Abstract:

Canada's Office of the Superintendent of Bankruptcy has reported a 6.3% rise in personal bankruptcy filings in the country in early 2000. The report shows that 11,986 individuals filed for personal bankruptcy in January and February 2000.

Bankruptcy Law, Other Justice, Public Order, and Safety Activities, Population information

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