This came out of the blue to me!!!
Air Canada shares were down more than 10 per cent in early trading on Tuesday amid fears that the company is set to file for bankruptcy protection.
Air Canada B stock dropped 12 cents to $1.03 in early trading, a decline of 10.4 per cent.
Speculation about the airline's future began swirling late Monday, when the company announced that Montie Brewer would resign as president and chief executive officer and named Calin Rovinescu as his replacement.
2 comments:
Heck, the writing's been on the wall for a decade or more. Each time Air Canada has failed to manage its cumbersome operation properly, it has turned to taxpayers to bail it out. Now, finally, perhaps it will do what it should have done in the first place. Go the bankruptcy route, then restructure as necessary. Otherwise, the airline is as good as dead.
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