Tom Sweeney

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Archive for February 18th, 2009

Air Canada: Next big Canadian company in trouble?

Posted by sweens on February 18, 2009

Yahoo News is reporting that Air Canada, Canada’s biggest airline, may have to file for bankruptcy if it can not secure additional funding.  Reports from earlier in the month indicate that cash collected by Air Canada for operations will be insufficient to meet rising pension funding obligations and over $1 Billion of debt repayment over the next two years. 

To read the full article, please visit: http://ca.news.finance.yahoo.com/s/17022009/6/finance-air-canada-forced-bankruptcy-ubs.html

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