Trans Canada Airlines Act. They are a creation of the Canadian Gov. Always had all the best routes , equipment ,facilities , and were protected by the gov. Operationally felt they were the best , even though they had a poor safety record until recently .They went public in the late seventies with a clean sheet...equipment, facilities, routes , no debt, and managed to end up bankrupt. And here we go again .
A corporate culture who still lives in the good old days of the Trans Canada Act.