TORONTO, ONTARIO, Apr 1, 2003 CCNMatthews via COMTEX Onex Corporation announced today that it has entered into a letter of intent with Air Canada relating to a proposed investment by Onex in Aeroplan. In conjunction with Air Canada's filing for protection under the Companies'...
Business Editors TORONTO--BUSINESS WIRE--April 1, 2003 Onex Corporation (TSX:OCX) announced today that it has entered into a letter of intent with Air Canada relating to a proposed investment by Onex in Aeroplan. In conjunction with Air Canada's filing for protection under the Companies' Creditors Arrangement Act ("CCAA"), Onex...
AIRLINE INDUSTRY INFORMATION-C1997-2003 M2 COMMUNICATIONS LTD Air Canada has reportedly agreed to sell 35% of its Aeroplan frequent flyer programme to diversified Canadian conglomerate, Onex Corp. Under the agreement, Onex will pay the airline about CAD245m for the 35% stake in the frequent flyer programme. Air Canada will...
CAE shares briefly slumped to a four-year low of $7.40 in early November last year when the Onex takeover of Air Canada first showed signs of failing. home CAE holders may have felt this reflected poorly on CAE's prospects since it sells to airlines. A slump like this often appears...
Montreal-based Inter-Canadien Inc., an independently owned partner of financially ailing Canadian Airlines that serves eastern Canada, is attempting to restructure its operations before it restarts commercial service. It shut down in late November. Advance bookings and traffic have declined significantly because of...
Knight Ridder/Tribune Business News Nov. 10 -- FORT WORTH, Texas -- The problem with daring business moves is that they can leave the risk-taker exposed. That's where AMR Corp., parent of American Airlines, finds itself in the wake of Friday's decision by...
Knight Ridder/Tribune Business News Nov. 16 -- Ten days after a Canadian court short-circuited AMR Corp.'s effort to buy Air Canada and merge it with Canadian Airlines, Air Canada turned the tables and offered about $63 million for Canadian Airlines. A...
M2 PRESSWIRE-3 November 1999-AIR CANADA: Air Canada increases cash offer to shareholders to $16 C1994-99 M2 COMMUNICATIONS LTD RDATE:021199 * Board finds revised Onex-AMR Offer inadequate TORONTO -- Today Air Canada announced that it has increased the price per...
M2 PRESSWIRE-8 November 1999-AIR CANADA: Quebec court declares Onex bid illegal C1994-99 M2 COMMUNICATIONS LTD RDATE:051199 MONTREAL -- Air Canada is gratified by today's ruling by the Quebec Superior Court that the Onex-AMR Offer is illegal under the 10 percent ownership...
M2 PRESSWIRE-8 November 1999-AIR CANADA: Air Canada provides initial reaction to Onex counterbid C1994-99 M2 COMMUNICATIONS LTD RDATE:051199 MONTREAL -- Air Canada announces that it has, on a preliminary basis, reviewed the revised terms of the Onex/AMR offer for the shares ...
M2 PRESSWIRE-8 November 1999-AIR CANADA: Air Canada announces change of venue and outlines procedures for November 8 shareholder meeting C1994-99 M2 COMMUNICATIONS LTD RDATE:051199 MONTREAL -- Air Canada and Onex Corporation have reached agreement on certain procedural aspects of the Special...
M2 PRESSWIRE-8 November 1999-AIR CANADA: Air Canada objects to Onex proxy solicitation representations C1994-99 M2 COMMUNICATIONS LTD RDATE:041199 MONTREAL -- Air Canada understands that Onex is soliciting proxies for the Air Canada Shareholders' Meeting on the basis that a vote for...
M2 PRESSWIRE-8 November 1999-AIR CANADA: Air Canada to mail issuer bid circular C1994-99 M2 COMMUNICATIONS LTD RDATE:041199 * Board determines Air Canada Offer provides greater value than Onex-AMR MONTREAL -- Air Canada will mail its Issuer Bid Circular to...
M2 PRESSWIRE-1 November 1999-AIR CANADA: Air Canada forces revelation of $1.3 billion termination fees under Onex/AMR offer C1994-99 M2 COMMUNICATIONS LTD RDATE:311099 MONTREAL -- For the first time since Onex/AMR launched their hostile and illegal takeover bid two months ago, Air...
M2 PRESSWIRE-1 November 1999-AIR CANADA: Air Canada asks securities regulators to force Onex/AMR disclosure C1994-99 M2 COMMUNICATIONS LTD RDATE:291099 MONTREAL -- Air Canada announced that it has applied to the Alberta, British Columbia, Ontario and Quebec Securities Commissions to compel...
Knight Ridder/Tribune Business News Nov. 3 -- FORT WORTH, Texas -- With time running out in its battle against Onex Corp. and AMR Corp. to remain independent, Air Canada boosted the value of its share buyback yesterday to about $749 million to Air Canada...
Knight Ridder/Tribune Business News Nov. 6 -- A Canadian court has ended AMR Corp.'s effort to gain a dominant position in the lucrative U.S.-Canada air travel market and the lead in the race to build powerful global airline alliances. Toronto-based Onex Corp.,...
Winnipeg, MB, Canada, Oct. 29, 1999 WINNIPEG, MB, October 29, 1999 RESNEWS - PM DEFLATES PREMIERS' $1.3-BILLION FARM-AID BID Premiers Roy Romanow and Gary Doer came to Ottawa with a demand for C$1.3 billion to bail out Prairie farmers,...
Winnipeg, MB, Canada, Nov. 03, 1999 FEDS STICK WITH 50-50 SPENDING: CHRETIEN The government will stick with the 50-50 spending formula it has followed since 1997, spending half on tax cuts and debt reduction and half on social programs, at...
Winnipeg, MB, Canada, Nov. 08, 1999 WINNIPEG, MB, November 8, 1999 RESNEWS - WITH ONEX OUT, CANADIAN TRIES TO SAVE ITSELF Onex Corp. may have lost the merger battle, but the war to control the nation's airline industry is far...
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