AIR CANADA: Air Canada objects to Onex proxy so solicitation representations.

M2 PRESSWIRE-8 November 1999-AIR CANADA: Air Canada objects to Onex proxy solicitation representations (C)1994-99 M2 COMMUNICATIONS LTD RDATE:041199 MONTREAL -- Air Canada understands that Onex is soliciting proxies for the Air Canada Shareholders' Meeting on the basis that a vote for Onex is a vote to keep the process open for increased shareholder value.

Air Canada believes that this is misleading and that a vote for Onex at next week's meeting will be very damaging to Air Canada and its shareholders. The Onex Amendments to the Articles operate like an open-ended option in ...

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