Canadian Airlines to pay 12c on dollar

Article Abstract:

Calgary, Alb.-based Canadian Airlines Corp., which has declared bankruptcy, will pay 12 cents on the dollar to its unsecured creditors. Canadian Airlines has agreed to pay its banks and secured creditors guaranteed 5-year notes which will pay 92 cents on the dollar.

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Uncertainty looms large for airline industry survivors

Article Abstract:

A look at Canada's shaky airline industry, from the recent collapse of Roots Air, CanJet Airlines, Royal Aviation Inc., and Canada 3000 Inc. to the financial troubles of Air Canada and Transat A.T. Inc., is presented.

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Airlines gets $160-million relief

Article Abstract:

Canadian government bailout airlines. Government officials announced $160 million in releif to financially strapped arilines including Canada 3000, Air Canada, and WestJet Airlines Ltd.

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