When Filing For Bankruptcy In

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The Bankruptcy and Insolvency Act deals with reorganizations and another federal statute, the Companies’ Creditors Arrangement Act, may offer relief to some corporations. Some of Canada’s biggest news stories of the past few years have concerned the attempts of major Canadian
companies such as Olympia & York, Algoma Steel, Grafton Fraser, Woodwards, Westar Mining, and Birks, to complete reorganizations. But the most well known companies were both Air Canada and Canadian Airlines.

Air Canada, Canadian Airlines, and United Airlines
are all commercial passenger air carriers. Beyond that,
they have only a few similarities. All are old commercial
carriers that were facing bankruptcy together until the
Canadian Postal Service approved air travel for Canadian
Mail in 1925. There, they reached a point of divergence
that continues today.

AIR CANADA
Time Magazine’s November 17, 1958 cover sported a
diagonal banner across one corner reading ...

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further firsts for the airline industry,
baggage handling came under scrutiny. There were plans
for automated handling of luggage destined for a common
city, but the system proved to be too cumbersome for use
on narrow-bodied jets. A Canadian executive had
complained "‘Right now, we’re still loading baggage on
planes the same way they loaded Cleopatra’s barge.’ But
containers proved impractical for narrowbodied jets, so
thirty-seven years later, we’re still loading
narrowbodies like Cleopatra’s barge" (Goutierez, 1997),
and so are all the other airlines. If United’s pilots
are exhibiting greed in attempting to reject ...

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