Announced today that Air Canada has applied for creditor protection under CCAA (Canadian Creditors Arrengement Act).
Best of luck to all in this restructuring effort. The company will no doubt emerge as a smaller version of it's currrent self but hopefully as a healthier one.
Having gone through this twice in my own career (neither company survived) my thoughts are with all who will be adversely effected by this turn of events.
Cheers
