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Canada 3000 Ceases Operations

Yikes! From Canada, joined Oct 2001, 268 posts, RR: 2
Posted (8 years 2 days 6 hours ago) and read 469 times:

http://www.canadanewswire.com/releases/November2001/08/c5591.html

16 replies: All unread, jump to last

Vegas456 From , joined Dec 1969, posts, RR:
Reply 1, posted (8 years 2 days 6 hours ago) and read 410 times:

It's true. here's a different link to the same story on a different website
http://micro.newswire.ca/65020-0.html
Is Canada 3000 going down like Midway did?

Kdonohue From Canada, joined Sep 2001, 341 posts, RR: 0
Reply 2, posted (8 years 2 days 6 hours ago) and read 399 times:

What is going on? And hear I thought the Canadian industry was shaking itself down when Canada 3000 consolidated its smaller competitors, leaving Air Transat, Westjet, and AC,and itself as Canada's major airlines.

Interesting how in all of this recent news about AC and Canada 3000 losing money, we haven't heard much about Air Transat.

Ken

C-GRYK From Canada, joined Apr 2000, 747 posts, RR: 51
Reply 3, posted (8 years 2 days 5 hours ago) and read 379 times:

Oh No, I was HOPING they would stick around this weekend at least so I could shoot their 340 and 319. I really need some shots of those planes, the 319 is brand new, delivered 2 weeks ago. Don't care much for the airline itself though (I did for Royal) but I do care about the jobs of thousands of people, ESPECIALLY Nuno and Slawko.

Jeremy

Think before you type!

Crj-900 From Canada, joined Jan 2001, 87 posts, RR: 0
Reply 4, posted (8 years 2 days 5 hours ago) and read 368 times:

This is crazy! On the 10:00pm news they had announced that C3 had been given temporary protection from its creditors.
??????????crj-900??????????

9V-SPK From Hong Kong, joined Aug 2001, 1646 posts, RR: 10
Reply 5, posted (8 years 2 days 5 hours ago) and read 358 times:

So what's 2G up with now?What's true?

Best Regards

Timberwolf24 From United States, joined Jun 2001, 395 posts, RR: 2
Reply 6, posted (8 years 2 days 5 hours ago) and read 347 times:

I just wounder how long it will be until we see more US airline go under.

Tygue From Canada, joined Jul 1999, 222 posts, RR: 0
Reply 7, posted (8 years 2 days 5 hours ago) and read 348 times:

Not too sure what to say. We had a good 13 years, guys.

Jean Leloup From Canada, joined Apr 2001, 1991 posts, RR: 29
Reply 8, posted (8 years 2 days 5 hours ago) and read 335 times:

the best indication of how crazy this is is to look at the "Press Releases" section on canada3000.com. There are TWO press releases there that came out today. The first one, which came out some time this afternoon, is titled "Canada 3000 very optimistic about future prospects". The SECOND one is entitled "Canada 3000 ceases operations". What a day.

Next flight.... who knows.

Watewate From Canada, joined Nov 2000, 2263 posts, RR: 2
Reply 9, posted (8 years 2 days 5 hours ago) and read 319 times:

I bet my mortgage that Tango will magically disappear in the very near future. A sad day for Canadian aviation. Gotta feel for travelers in the east coast- almost no choice of carriers now. Imagine the those vacationing in numerous sunspots who booked through C3...I've no clue how they'll get home.

Crank From Canada, joined May 2001, 1552 posts, RR: 4
Reply 10, posted (8 years 2 days 5 hours ago) and read 310 times:

they just said at the 00:00 news ago that C3 was given 45 days to build a reasonable "plan" for the bank and now this.

I hope its just a bad joke

Jean Leloup From Canada, joined Apr 2001, 1991 posts, RR: 29
Reply 11, posted (8 years 2 days 5 hours ago) and read 289 times:

If it's a bad joke, one would wonder why C3 has posted it on their website.

Next flight.... who knows.

FLYYUL From Italy, joined Jun 2000, 4531 posts, RR: 54
Reply 12, posted (8 years 2 days 5 hours ago) and read 285 times:

This is a sad sad day!

Mark

"You never forget the first time" VS 346 G-VOGE

Chepos From Puerto Rico, joined Dec 2000, 5275 posts, RR: 15
Reply 13, posted (8 years 2 days 5 hours ago) and read 278 times:

I cant believe Canada 3000 has ceased ops, another sign of the terrible shape in which the aviation industry is in. Hope to see Canada 3000 back on its wings soon.
Chepos

Fly the Flag!!!!

VonRichtofen From Canada, joined Nov 2000, 4430 posts, RR: 50
Reply 14, posted (8 years 2 days 4 hours ago) and read 260 times:

This is unreal....

I hope to god it's only temporary.

Bloody terrorists.

Kris
from YYC

Word

Jean Leloup From Canada, joined Apr 2001, 1991 posts, RR: 29
Reply 15, posted (8 years 2 days 4 hours ago) and read 252 times:

I don't want Canada 3000 to be gone, I really don't... BUT, if they're gonna be gone, I hope to see Westjet lying in and out of YYZ and YUL within a couple weeks. We need them.

Next flight.... who knows.

Carioca Canuck From , joined Dec 1969, posts, RR:
Reply 16, posted (8 years 2 days 4 hours ago) and read 239 times:

The cash is all but gone....and for ANY restructuring to work the trade creditors such as fuel suppliers and caterers, etc, would have to continue to advance credit and hope to get paid. The courts cannot order them to do so...therefore the faith it 2T's financial future was doomed from the very outset. I am not surprised...nor dissappointed....after all AA stopped accepting miles from them in their FF program yesterday.....kind of makes you wonder.

The suppliers obviously did not want to take a chance and who can blame them.

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