FlyerTalk Forums - View Single Post - AC making last-minute offer to avert CP bankruptcy
Old May 26, 2000, 12:21 pm
  #2  
AC*SE
 
Join Date: Feb 2000
Location: Vancouver, British Columbia
Programs: BA GGL, FPC Plat, HH Diamond, IHG Amb
Posts: 3,372
To what end? If the carriers stand tough, AC can simply wash their hands of the whole business.

Nobody can move fast enough to pick up the pieces, leaving AC an open playing field, cherry picking employees, routes, and equipment as they like. If you think the merger is bad on consumers and employees what do you think liquidation of CP would be like?

Debt holders in CP knew exactly what they were getting into. Investment always carries with it risk.
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