Court OKs Air Canada restructuring
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An Ontario court approved Air Canada&#39;s restructuring plan today, while one of Canada&#39;s major banks sold off its debt in the airline.
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Bombardier Inc., the world&#39;s third- biggest maker of commercial aircraft, won an $821.2 million order for 30 aircraft from Air Canada, a smaller agreement than what was initially planned.
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Canada&#39;s Bombardier family has taken back management control of the troubled transport equipment maker that bears its name following the sudden departure of Paul Tellier, chief executive.
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A High Court judge on Wednesday approved a debt-for-equity survival plan developed by MyTravel, clearing the way for the troubled travel company to present the proposal to shareholders and creditors next month.
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One of Canada's most contentious anti-terrorism measures was struck down Friday by the Supreme Court, which declared it unconstitutional to detain foreign terror suspects indefinitely while the courts review their deportation orders.
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ATA Airlines Inc.  on Monday said it has put its Chicago Express regional airline up for sale as part of its effort to reorganize under bankruptcy protection.
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TORONTO (CP) - Air Canada&#39;s new holding company reported a third-quarter loss of $81 million as the airline completed its restructuring under creditor protection.
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MONTREAL - Montie Brewer has been appointed president and CEO of Air Canada, the airline announced Wednesday. Robert Milton remains CEO of Air Canada&#39;s parent company, ACE Aviation Holdings.
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ALEXANDRIA, Va.  - A federal judge on Thursday  approved bankrupt US Airways' UAIRQ.OB cash finance deal with  a federal government board and another arrangement allowing the  airline to take delivery of nine regional jets.
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Comair received bankruptcy court approval to cut wages for flight attendants and mechanics and end contributions to their pension plans.
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CHICAGO - A federal bankruptcy judge approved United Airlines' amended financing plan Friday, rejecting union arguments that United didn't try hard enough to come up with an alternative that would continue company contributions to employee pension funds.    The hearing came a day after the release of court papers in which United warned it likely will have to terminate those pension funds in order to secure the loans it needs to emerge from Chapter 11 bankruptcy...
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ALEXANDRIA, Va. - A bankruptcy judge gave US Airways Group Inc...
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Air Canada received court clearance yesterday to emerge from bankruptcy protection next month and embark on a bold new mission to fend off rivals, corral costs and jettison its stormy past.
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After more than 16 months of restructuring, Air Canada&#39;s creditors overwhelming endorsed the airline&#39;s new business plan during a meeting at a Montreal hotel Tuesday.
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ATA Holdings Corp., parent of ATA Airlines, the nation's 10th-largest carrier, filed for Chapter 11 bankruptcy reorganization yesterday, becoming the third U.S. airline operating under court protection.
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VANCOUVER (CP) - The Air India bombing trial concluded Friday, leaving only a judge to decide the verdict of two men accused of plotting Canada's worst mass murder and one of the world's worst acts of terrorism.
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MONTREAL (CP) - Air Canada shares go back up on the board of the Toronto Stock Exchange on Monday, as investors wonder if the airline will do any better than during its first 16 tumultuous years as a private-sector corporation.