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><FONT face=Verdana color=#000000><B>This post is specially dedicated to people who are curious, or interested in knowing the events of Air Canada that happened in these 4 years. Just wanna share. </B></FONT></P>
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><FONT face=Verdana color=#000000><B><IMG src="http://www.cbc.ca/news/background/aircanada/gfx/titlephoto.jpg" border=0></B></FONT></P>
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><FONT color=#000000><FONT face=Verdana><B>May 21, 2004
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<br></B>Air Canada wins a four-month extension of its court-ordered creditor protection, a day after the airline reached a tentative cost-cutting deal with the Canadian Auto Workers. The CAW was the last of the airline's unions to agree to cost-saving measures. </FONT></FONT></P>
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><FONT color=#000000><FONT face=Verdana><B>May 19, 2004
7 p5 L, c" p/ j2 ?" a<br></B>Air Canada declares an impasse in its talks with the Canadian Auto Workers. The airline says the union's position has not moved enough to warrant more discussions. The two sides are unable to agree on the issue of wage rollbacks. The union says the airline's proposal would cost $10,000 per worker, many of whom make between $35,000 and $49,000 per year. CAW president Buzz Hargrove insists his position will not sink the airline.
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) n! o( x3 ], Z4 ]: l" V<br><B>May 16, 2004</B>
& b3 o0 H/ v; D* T0 J. k0 \7 {<br>Air Canada and six of its unions reach tentative agreements to cut payroll in an effort to save the airline.
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; \$ z/ d/ D# ~& R) Y% l<br><B>April 26, 2004</B>
6 e0 w) o* w( L' p$ C5 ]<br>Deutsche Bank AG submits an offer to save Air Canada. Under the Deutsche Bank deal, the German company agrees to underwrite a $850-million rights offering to Air Canada creditors. That was up from a previous agreement to back a $450-million rights issue.
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<br>Deutsche Bank asks the federal Office of the Superintendent of Financial Institutions (OSFI) to allow Air Canada to pay off its pension shortfall of more than $1 billion over 10 years instead of the normal five-year repayment.
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<br>The OSFI agrees to that request on May 14, subject to approval by the finance minister.
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" I9 ~/ |$ r6 P' X<br><B>April 2, 2004</B>
* ]/ C5 {! }" k" @8 n<br>Trinity Time Investments, Air Canada's would-be new equity partner, says it will not go ahead with its $650-million investment in Air Canada, making good on an earlier threat to walk away if unions did not agree to more concessions.
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<br>Trinity Time says it did not rule out getting involved in Air Canada's restructuring in the future "if circumstances change sufficiently."
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/ z! w- A" ]. n: r( Z<br>Just after the Trinity Time announcement, Air Canada releases its 2003 financial results, which show the airline had a net loss of $1.87 billion in 2003.
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4 ^& g2 x5 J% W& W. o' X' F# U<br><B>March 29, 2004</B>
: C, l: R/ Q7 k5 r+ b<br>Ontario court judge extends Air Canada's court-ordered creditor protection to April 15, giving the company, its unions and its new investor time to work out a deal on employee pensions.
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u/ e: g$ L/ l3 G# g1 I/ ~<br><B>March 17, 2004</B>
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<br>Trinity Time Investments says it is thinking of walking away from its $650-million equity investment in Air Canada, blaming "union intransigence" over the contentious issue of pensions.
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: O( I V) r6 ~8 T<br><B>Feb. 19, 2004</B>
8 h, E( C; h9 \5 Y3 M% m x<br>Air Canada and representatives of its employees and pensioners reach a deal on the contentious issue of funding the $1.2 billion shortfall in the pension plan. However, Li's Trinity Time Investments says it is "absolutely adamant" that the unions accept changes to pension plans to reduce the financial obligations on the airline.
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) C* {9 _( U! h3 D9 t! n; f) M( }<br><B>Jan. 18, 2004</B>
( e( z9 V$ Q {8 M2 s! l0 ^<br>An Ontario Superior Court judge approves Air Canada's financial rescue package. The court approves an agreement that will see Victor Li's Trinity Time Investments inject $650-million into Air Canada in return for a 31-per cent equity stake in the airline.
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( s" G5 d# d" Z5 n" ^<br><B>Dec. 4, 2003</B>
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<br>Air Canada announces it has chosen Hong Kong-based businessman Victor Li to be the airline's new equity partner – a major step in its eventual emergence from bankruptcy protection. Meanwhile, some of Air Canada's creditors ask a bankruptcy court to allow Cerberus Capital Management to make another bid for the troubled airline, saying its revised proposal seems to offer them a better deal than the Trinity Time Investments proposal Air Canada has chosen.
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<br><B>Aug. 07, 2003</B>
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<br>Stung by the fallout from SARS and the Iraq war, Air Canada reports it lost $566 million in the second quarter of the year.
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<br><B>June 30, 2003</B>
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<br>Air Canada pilots approve cost-cutting deal which sees 317 jobs cut, as well as 15 per cent pay cut for those who remain.
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<br><B>May 26, 2003</B>
6 T3 s: J3 b6 P( `<br>Air Canada, CAW reach cost-cutting deal saw 400 workers lose their jobs and the possibility of another 400 cuts on the horizon.
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- S! o' Q! `! u8 M<br><B>April 1, 2003</B>
0 k( U: E7 h$ _1 c! z# T$ r6 f<br>Air Canada files for and is granted creditor protection to make way for major restructuring and cost-cutting.
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, K0 E6 G" p. x' K8 ]# q" _$ [9 Z, ?<br><B>Mar. 20, 2003</B>
+ z2 S" ^# h' d$ a1 E! Z* H) f/ v<br>Citing a continued downturn in air travel, Air Canada announces it is slashing 3,600 jobs.
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/ D t: ^9 |9 E: s$ J<br><B>Feb. 6, 2003</B>
n! m* t7 |& x4 s8 x: Q; c<br>After posting $428-million annual loss, Air Canada approaches its unions to talk about ways of cutting $650 million in labour costs from its 35,000 employee workforce.
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<br></FONT></FONT><FONT color=#000000><FONT face=Verdana><B>Dec. 11, 2002</B>
# J7 [# R! `! r8 ~<br>Air Canada announces it will stop issuing paper tickets for domestic flights starting in 2003.
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! f+ U4 s6 Y9 J9 e<br><B>Sept. 7, 2002</B>
! q$ n* A6 `8 z' `# O( T<br>Air Canada cuts service to a number of money-losing Maritime routes.
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<br><B>Apr. 19, 2002</B>
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<br>Air Canada unveils 'Zip', a new western discount carrier.
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<br><B>Feb. 7, 2002</B>
; S4 [/ d; i2 g- C<br>Air Canada reports its biggest-ever annual loss – $1.25 billion – as it struggles through what CEO Robert Milton called an "extraordinarily difficult" time for airline companies.
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5 r$ ~% V9 ?0 l4 c8 h5 p( |6 O! E' X<br><B>Mar. 27, 2002</B>
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<br>After grounding regional carriers Air Ontario, AirBC, Air Nova and Canadian Regional, Air Canada launches Jazz, a new discount airline.
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<br></FONT></FONT><FONT color=#000000><FONT face=Verdana><B>Oct. 10, 2001</B>
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<br>In an effort to capture a greater swath of the market, Air Canada launches 'Tango,' a new discount service
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" p3 {% K! m$ T* ?2 R3 T! T# P<br><B>Sept. 26, 2001</B>
6 e1 q4 x0 q' X" ?* c<br>Suffering from a severe downturn in air travel, Air Canada chops another 5,000 jobs and grounds 84 planes
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<br><B>Sept. 19, 2001</B>
/ W- J1 w5 r0 h: T+ Z, I% h<br>Air Canada asks for $4 billion in aid from Ottawa
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* x0 U$ s- d5 }8 o* w' Q<br><B>Sept. 11, 2001</B>
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<br>All Canadian flights cancelled in wake of attacks on U.S. targets.
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0 I" {: m+ E: h z( v1 i/ f<br><B>July 27, 2001</B>
8 B2 L1 @$ {- w9 z<br>Air Canada is ordered to cough up more than $1 million as part of a settlement with securities regulators after the airline told selected analysts about lower profits before making the information public.
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* \* j; m8 ?! ?( `7 ?& f<br><B>July 4, 2001</B>
1 Y/ e" I! x9 u<br>Seeking to cut its payroll costs, Air Canada is asking its employees to take a leave of absence or voluntarily work reduced hours.
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* s \0 c4 S0 z9 c<br><B>March 8, 2001</B>
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<br>Federal regulators have ordered Air Canada to almost halve the lowest return fares on one of its routes, calling them "unreasonable".
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, P5 F2 c2 N: s$ ]/ k% j<br><B>Feb. 2, 2001</B>
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<br>Air Canada reports a fourth-quarter loss of $274 million, saying it suffered from the soaring cost of jet fuel and a slowdown in travel that has it bracing for more stormy weather ahead.</FONT> </FONT></P>
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<font color="#000066">[此贴子已经被作者于2004-5-22 7:29:50编辑过]</font>