Air Canada still likes Aeroplan spinoff

Article Abstract:

Montreal, Que.-based Air Canada, which is burdened with a large debt, is considering an initial public offering for its frequent-flier program. Aeroplan, which is led by president Rupert Duchesne, believes that volatile market conditions would not prohibit a spinoff.

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Air Canada CEO warns creditors

Article Abstract:

Montreal, Que.-based Air Canada, which is led by chief executive officer Robert Milton, is engaged in negotiations with creditors to restructure the debt of Calgary, Alb.-based Canadian Airlines International Ltd. Canadian Airlines has $1 billion in long-term debt.

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Air Canada cites layoffs for loss

Article Abstract:

Air Canada posted a 168 million Canadian dollar loss for the 2001 first-quarter. The airline blamed the loss on the layoffs that are taking place in the high-technology industry.

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