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Old 21st Mar 2003, 13:22
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admiral ackbar
 
Join Date: Jul 2002
Location: CYUL
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Air Canada to cut 3600 jobs

Article here

Let's see, AC used to own 65+% of their fleet a couple of years ago, been steadily going to 3% today, mostly done in order to pay off their debt (taking over Canadian and fighting off Onex takeover attempt was expensive)

So no more planes to sell, yet 300-600 million/year in debt payments due for the next few years...

Things aren't looking so good for Mapleflot.
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