Flights into court: the struggle to save an airline nears a climax

Article Abstract:

Canadian Airlines is in danger of filing bankruptcy unless the Canadian government provides financing to help close a deal with American Airlines. Workers for Air Canada oppose the financing because of the potential effects a merger between Canadian and American Airline will have on its business.

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Speaking up

Article Abstract:

PWA Corp, the parent company of Canadian Airlines International Ltd, worked out a deal that would allow AMR Corp to buy a 25% stake in Canadian for $246 million. In return for wage concessions, employees would own another 25%. Canadian rejected an earlier offer made by Air Canada.

Air transportation, scheduled, Air courier services, Investments, AMR Corp., AMR

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Seeking the right route; Canada's two major airlines are fighting for survival

Article Abstract:

Canada's 212 airlines will lose approximately $3 billion in 1992. Canadian Airlines and its parent, PWA Corp, are negotiating with American Airlines for a 25% stake which is intended to avoid bankruptcy. Air Canada is seeking consolidation with Continental Airlines Holdings Inc.

Air Canada

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