Topic Author
Posts: 2196
Joined: Wed Sep 08, 1999 12:01 pm

Stage III In Canada

Thu Sep 16, 1999 6:15 am

Does the stage three affect Canada? I heard it doesn't until April 1st.

One other question, How much longer do you think Canadian Airlines will be around?

RE: Stage III In Canada

Thu Sep 16, 1999 12:51 pm

According to a report by a NYC firm, CP will go bankrupt during the first quarter of 2000 if nothing is done. However they think this scenario has only 5% chances of happening because the government won't let the airline go down. Too much political pressure from the west would arise. The other scenarios are more likely to happen....They don't really see the ONEX plan happening either... Well not the most likely to succeed I should rather say.