Calin Rovinescu
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AMERICAS: Air Canada raises C$1 billion in financing
Air Canada, which has been working its way out of a liquidity crisis that was threatening to push the company into bankruptcy proceedings for the second time since 2003, has raised more than one billion Canadian dollars (US$923 million) in new finan…
01 September 2009
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Air Canada clears last labour hurdle
Cash-strapped Air Canada has cleared the last hurdle in its attempt to avoid a second bankruptcy filing, following the carrier's last holdout union approval of a new labor contract that contains no raises or pension payments for 21 months. Canada'…
15 July 2009
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Shake-up at Air Canada with new CEO
Stung by a C$1.03 billion ($824.3 million) loss in 2008 and the pending dissolution of parent company ACE Aviation Holdings, Air Canada surprised the market with the announcement it was undertaking a major restructuring that includes the resignatio…
03 April 2009
