Monthly Archives: April 2003

Air Canada to restructure

Air Canada has filed for protection from its creditors under Canada’s Companies’ Creditors Arrangement Act (CCAA). Like the US Chapter 11, the CCAA is designed to give bankrupt companies time to restructure so as to return to profitability. The move also includes Air Canada’s subsidiaries, including regional airline Jazz, which […]

End of the line for buzz

Stansted-based buzz ceased flying on 31 March, and its fleet — including its eight BAe 146s — has been parked at Stansted. The airline is being acquired by Ryanair, but the transaction has been delayed by difficulties in securing the approval of Britain’s Office of Fair Trading. Ryanair is also […]

buzz BAe 146-300