Canadian Air scouring world for cash

Article Abstract:

Canadian Airlines International Ltd president and CEO Kevin Benson said the company so far has failed to conclude a transaction that would give it a much-needed cash infusion. The Calgary, Alberta-based carrier is in need of a C$500 million cash injection to stave off another crisis. Benson said he does not expect the company to go broke in the next year. Analysts, however, disagree, saying a projected loss for the 1999 first quarter will push the carrier to the brink.

Receipt of funds, Scheduled Air Transportation, Scheduled Airlines, Canadian Airlines International Ltd.

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Spar shareholders appoint new board

Article Abstract:

Spar Aerospace Ltd's shareholders appointed a new board on May 13, 1999, led by chairman Eric Rosenfeld, with only two members of the previous board retaining their seats, CEO Colin Watson and James MacDonald, the chairman of Enterprise Capital Management Inc. The new board is also comprised of two executives of Enterprise Capital, a couple of Bay Street financial experts and Rosenfeld's partner.

Stockholder data, Special Die and Tool, Die Set, Jig, and Fixture Manufacturing, Tools, Molds & Precision Equip, Spar Aerospace Ltd.

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