Down-home blues: a $5.2-billion oil megaproject struggles to stay afloat, searching for a new partner

Article Abstract:

The Hibernia energy development project may close before its completion if it does not attract a partner to replace Gulf Canada, who withdrew in Feb 1992. The Canadian government is considering entering the oil development project to help the regional economy and to recoup its $2.7 billion investment.

Production management, Petroleum industry, Gulf Canada Resources Ltd., GOU, Fort McMurray, Alberta

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The flying game: PWA fights on all fronts to stay afloat

Article Abstract:

The attempted purchase of part of PWA Corp by American Airlines is complicated by several legal and financial problems. PWA Chmn Rhys Eaton describes the efforts to continue service despite attempts by its competitor, Air Canada, to close down the airline.

PWA Corp.

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Fear of flying: Ottawa grounds a financially troubled airline

Article Abstract:

Nationair Canada filed for bankruptcy in Mar 1993 and lost its operating license after its liability insurance expired. The financially troubled charter airline was unable to meet its Mar 1993 payroll.

Cases, Bankruptcy, Nationair Canada

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