Manufacturing Industry
Trinity Time Investments may pull out of Air Canada investment
Airline Industry Information, March 18, 2004
AIRLINE INDUSTRY INFORMATION-(C)1997-2004 M2 COMMUNICATIONS LTD
Trinity Time Investments has allegedly threatened to "walk away" from a planned investment in Air Canada.
Trinity Time has received court approval for its planned USD488m investment in the carrier. However, the group is now said to be reconsidering its entire investment in Air Canada, citing refusals by the airline's unions to discuss changes to the bankrupt company's pension plan.
The announcement increases the pressure on Air Canada's unions to agree to changes to the pension plan, reported The Associated Press.
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COPYRIGHT 2004 M2 Communications Ltd.
COPYRIGHT 2008 Gale, Cengage Learning
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