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Gold/Mining/Energy : Air Canada is taking off?
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To: Stephen O who wrote (823)9/15/1999 1:39:00 AM
From: Kitskid  Read Replies (1) of 1033
 
Didn't you read the article?
Collusion is implied in this article.

<The fact that companies linked to Onex spent $43-million to acquire Air Canada shares one month before the government opened the door is likely to raise questions about how much Onex knew ahead of time. Mr. Schwartz, a long-time Liberal party fundraiser and supporter, has repeatedly denied that he had any advance discussions with federal government officials about his merger plans.
A spokesman for Onex declined to comment.
The federal government took the extraordinary step of lifting competition rules in the airline industry because of the perilous financial condition of Canadian Airlines, which is rapidly running out of cash. The suspension was made possible when the government invoked an obscure clause of the Canada Transportation Act, known as Section 47. The so-called Section 47 Order expires Nov. 10.>
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