<font face="Verdana, Arial, Helvetica, sans-serif" size="2">Originally posted by PunishedEdmontonian:
Well, one thing's for sure: AC couldn't compete in the real marketplace and hence the CCAA proceedings! 
Only poorly-managed businesses end up in CCAA or Chapter 11....the overwhelmingly vast majority of businesses - and individuals - don't resort to court protection.
[This message has been edited by PunishedEdmontonian (edited Feb 23, 2004).]</font>
When you sell oil for a living its hard to become a CCAA candidate......AC was screwed up but that was because they bought a broke western based Airline that had bought another broke western airline a few years previous.
I think the new Li management approach will make them very profitable and much more efficient...the civil service years are officially gone when they emerge from CCAA.
Even your favorite airline CO has been in ch.11 not once but twice and was partially bailed out by AC the 2nd time. So thank AC for your U/G success on CO.
