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BUSINESS BRIEFS.(TO THE POINT)
TRANSPORTATION
Air Canada, pilots face deadline
An Ontario judge, citing a "perilous and ultraprecarious" situation, gave the airline and its 3,400 pilots until midnight Saturday to reach a wage-cut deal that's key to Air Canada's restructuring plan. If they don't, the court could impose a settlement that could include full bankruptcy. The carrier already is under court protection from creditors.
United backing off low-cost plan
The bankrupt airline won't make a low-cost unit the core of its comeback, The New York Times reported. United says it wants to focus on the lucrative business travel segment. Also, United's unions won't agree to lower pay at a low-fare unit. And Delta and American Air have stepped up low-fare efforts, making the skies crowded.
FINANCE
Bank One buys life insurance unit
- Air Canada narrows partner search.
- Newspaper article from: The Daily Deal September 29, 2003 700+ words
...Byline: Laura King in Toronto Insolvent Air Canada said Friday it has short-listed New...as a potential investor shortly after Air Canada sought protection under the Companies...interested in acquiring a portion of Air Canada's debt but has never said whether it...
- Air Canada unveils New Look and Leading Edge In-Flight Enhancements, Canadian...
- Press release article from: PR Newswire October 19, 2004 700+ words
Thousands of Air Canada employees, joined by Canada's international...flight product enhancements that will place Air Canada on the forefront of international air carriers. Today and tomorrow, Air Canada is holding events in Toronto, Montreal...
- Air Canada prepares to downsize.
- Newspaper article from: The Daily Deal April 3, 2003 700+ words
Byline: Laura King in Toronto Air Canada continued to fly Tuesday, April 1...large jets and more smaller aircraft. Air Canada's C$1.5 billion ($1 billion...2001. Even by U.S. standards, the Air Canada DIP is sizable. In addition, Air Canada...
- Air Canada, Pearson battle deepens over gate allocations: Must share with...
- News wire article from: The America's Intelligence Wire February 6, 2004 700+ words
...Pearson International airport has told Air Canada it must share six of the gates promised...allegations, made in court documents Air Canada filed late yesterday, reignite a bitter...airport, starting in April -- into Air Canada's insolvency proceedings for the first...
- Air Canada defies order on pension plan: Cites restructuring: Carrier refuses...
- News wire article from: The America's Intelligence Wire May 27, 2003 700+ words
(From Financial Post) Air Canada says it will not pay $135-million...federal regulator's directive. "Air Canada will refrain from making contributions...Superintendent of Financial Institutions told Air Canada on March 21 to inject $135-million...
- Air Canada introduces Flight Pass to Hong Kong and China with savings of up to...
- Press release article from: M2 Presswire September 21, 2007 700+ words
M2 PRESSWIRE-21 September 2007-Air Canada: Air Canada introduces Flight Pass to Hong Kong and China with savings...2007 M2 COMMUNICATIONS LTD RDATE:21092007 MONTREAL -- Air Canada today introduced a multi-trip Flight Pass to Hong Kong...
- Air Canada et Air Canada Jazz soulignent la periode de commemoration du jour du...
- News wire article from: The America's Intelligence Wire October 31, 2008 700+ words
...canadienne TORONTO , le 31 oct. /CNW Telbec/ - Air Canada et Air Canada Jazz, en association avec la Legion royale canadienne...le fuselage de vingt monocouloirs d'Airbus d'Air Canada et de dix Dash 8 d'Air Canada Jazz. Au cours...
- Air Canada launches travel assistance service for customers affected by...
- Press release article from: M2 Presswire April 2, 2008 700+ words
M2 PRESSWIRE-2 April 2008-Air Canada: Air Canada launches travel assistance service for customers affected...LTD RDATE:02042008 MONTREAL -- In an industry first, Air Canada today became the first airline to offer a comprehensive...
- Air Canada loses bid to keep records secret: Court orders books opened in...
- News wire article from: The America's Intelligence Wire January 7, 2006 700+ words
...Financial Post) Byline: JOSEF FEDERMAN Air Canada will have to open its books if it wants...earlier this week struck down an attempt by Air Canada's lawyers to vastly limit, or at least...potentially sensitive documents about Air Canada's business. WestJet argued the documents...
- Air Canada Agrees to Sell 35 Percent of Aeroplan(TM) to Onex Corporation.
- Press release article from: PR Newswire January 27, 2003 700+ words
Air Canada and Onex Corporation announced today...an agreement under which Onex will pay Air Canada approximately $245 million for an investment...Aeroplan, a wholly owned subsidiary of Air Canada. Onex will acquire a 35% equity interest...