Canadian Airlines still under gun
Article Abstract:
Canadian Airlines is still struggling to recover as it bears pressure from a number of sources including the Asian financial crisis and different exchange-rate related problems. The company has been compelled to issue more high-risk, high-yield debt in order to improve its working capital condition, thus increasing its debt and interest costs. Successive losses has diminished the company's equity value to minus C$108 million. Its latest offering has been rated triple-C minus by Standards & Poors and Caa2 by Moody's Investors Service, lower than the B-minus and B3 rating given by S&P and Moody's, respectively, to the company's previous C$175-million issue. The offering also had to be cut by around 20% because of poor demand.
Comment:
Struggles to recover as it bears pressure from number of sources including the Asian financial crisis and competition
Publication Name: Globe & Mail (Toronto, Canada)
Subject: News, opinion and commentary
ISSN: 0319-0714
Year: 1998
User Contributions:
Comment about this article or add new information about this topic:
VoIP rings the right bells for phone users
Article Abstract:
The trends in the voice over internet telephony services in Canada are presented. The internet based technology is getting popular for price, features and convenience.
Publication Name: Globe & Mail (Toronto, Canada)
Subject: News, opinion and commentary
ISSN: 0319-0714
Year: 2005
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: Soaring prices spur $22 billion power merger. Norilsk ups the ante for LionOre
- Abstracts: GM faces 2nd walkout, new closings. GM might stop benefits for workers. GM division tells workers to reapply
- Abstracts: Retailers hike into the wilderness business. Tim Hortons rrrolls up a winner. High-level shakeups hit two hot ad agencies
- Abstracts: BDC details on-line loan offerings. Market recovery delivers executive payout bonanza. Boards recruit new faces, new visions
- Abstracts: Talisman bids for Arakis Energy. Amber begins to fight takeover bid