Yobbo wrote-
"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."
a) as EA340 wrote, Air Canada act was passed in 1989, not 70s, and puts several caveats on AC that are NOT applied to other airlines.
b) Poor safety record ? Where is your head at man ? There has been no significant incident at AC since 1986 -- a far far better record than, say BA.