Air Canada plan seen in May

Article Abstract:

The senior management of Air Canada is revising its financial plan due to a decline in air travel related to the SARS outbreak. Air Canada, which is undergoing negotiations with creditors over its restructuring plan, filed for court protection from its creditors.

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Air Canada lines up investors

Article Abstract:

Air Canada has received support from over then groups of investors who may provide $700 million in new equity financing to the airline. Air Canada, which is seeking to emerge from bankruptcy protection, is reviewing the list of potential bidders.

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ACE revs up spinoff plans

Article Abstract:

AirCanada's parent company, ACE Aviation Holdings Inc. has announced $600 million in shares and $250 million in convertible debt. With this finance, AirCanada will be able to introduce its popular Aeroplan loyalty program.

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