RCMP knew of ATB woes 16 months before public

Article Abstract:

The Royal Canadian Mounted Police (RCMP) has been asked by Alberta's Justice Dept to conduct a criminal investigation into Alberta Treasury Branches (ATB) in 1998. The Justice Dept requested the probe after they uncovered evidence that required a criminal investigation. In Aug 1998, Alberta Treasury Stockwell admitted that ATB lent money to the West Edmonto Mall after four years of refusal to admit that it was involved in refinancing the mall. ATB filed a C$450-million suit against the mall, alleging the former ATB head Elmer Leahy accepted brides from the mall owners.

Commercial Banks, Commercial Banking, Legal issues & crime, Alberta Treasury Branches

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Jazz sets sights on transborder business

Article Abstract:

Air CanadaEs regional Jazz airlines in partnership with US AirwayEs Group Inc. is planning to increase its transborder business in the United States. This strategy of ACE unit may improve its chances of becoming stronger income trust.

Canada, Alliances, partnerships, US Airways Group Inc., Alliances and partnerships, Jazz Air

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ACE proposes special distribution

Article Abstract:

Air Canada's parent company ACE Aviation Holdings Inc. proposed "special capital distribution" up to $300 million to shareholders, but the plans to spin off its regional Jazz airlines is delayed.

Financial management, Finance, Investor relations, Company financing, Ace Aviation Service

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