Air Canada stock slide continues as carrier deals with uncertainty

Article Abstract:

Air Canada's stock plunged to an eight-year low and it had to deal with the uncertainty of how tight new security measures would affect its investment in passenger service technologies. The Montreal-based airline has had to drastically change its operations.

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Air Canada creditors mull legal action over lush payouts

Article Abstract:

Air Canada's controlling shareholder for $650-million, Hong Kong businessman Victor Li will, by 2007, give one percent of the company's shares to each of the two chief executives. The airlines' creditors and union are livid over these generous retention bonuses proposed for the airline top executives and are debating whether to go to court to stop the stock payouts.

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Air Canada creditors mull plan

Article Abstract:

Bankrupt airline Air Canada's decision to choose Trinity Time Investments Ltd., a company controlled by Hong Kong businessman Victor Li, as its new largest investor, or equity sponsor, has forced the creditors to take the insolvent airline out of bankruptcy protection. The Companies' Creditors Arrangement Act allows creditors to put forward an alternative plan of arrangement, a detailed proposal of how a company would deal with its debts and move forward from bankruptcy protection.

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