FlyerTalk Forums - View Single Post - Canada 3000 will cease flying operation effective November 9, 2001
Old Nov 19, 2001 | 7:32 am
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There is a follow up Letter to the Editor in the National/Financial Post today to that article on the 14th. However, a very good review of events in the Globe by Kieth McArthur, their airline business writer. Seems that when Kinnear made his announcement about having not enough money to make it to the end of the year, in order to press Ottawa to back a loan, everything started to unravel: reservations were cancelled [not sure how they could get refunds, but], edgy suppliers started demanding immediate payments, long term creditors like airports and maintenance/service companies got injunctions to sieze aircraft...
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