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Article: Air Canada Files for Bankruptcy
- Article from:
- AP Online
- Article date:
- April 1, 2003
- Author:
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Dateline: TORONTO
Air Canada said Tuesday it was filing for bankruptcy protection from
creditors, seeking time to reorganize its business and negotiate concessions
from unions and help from the government.
Air Canada is by far the country's largest airline and the only scheduled
Canadian carrier with an extensive route network to the United States
and other foreign destinations. It employs more than 30,000 people.