Join Date: Sep 2000
Location: Ottawa, Ontario, Canada
Programs: Aeroplan SE AND 1MM, HHonors Gold, Marriott Bonvoy Platinum , L'Accor Platinum
Posts: 9,580
Remember, in 1999 - Onex unsuccessfully with American Airlines along with CP tried to take over AC.
The reverse happened, AC took over CP.
One reason that the Onex/AA takeover was unsuccessful was the rule about foreign ownership of Canadian airlines.