Here's what the YYZNEWS has... From what I've heard, a group has purchased the rights to the Canada 3000 name.
“Canada 3000 (2T/CMM) ...in a surprise development some former C3 employees have banded together to re-launch a "new" Canada 3000 airline in December 2004. The carrier will start up with two Boeing 757s and fly to traditional sun destinations in Mexico, and the Caribbean. The aircraft will be painted similarly to the original Canada 3000 but with one major difference. The tails will feature animals, native to Canada such as the Polar Bear. They give full credit to Frontier Airlines of Denver for the inspiration behind this and each aircraft will feature a different animal on the tail. Great news for local photographers! At the beginning of this article we used the original 2-letter and 3-letter codes for Canada 3000, but that may or may not end up being used for the new airline. For more information and an image of the aircraft go to their new web site at
www.flycanada3000.com”
Source: YYZNEWS.COM (4/23/04)