Air Canada is taking off? Message Board

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Gold/Mining/Energy : Air Canada is taking off?

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To: Luke12_15 who wrote (886)	10/4/1999 8:20:00 AM
From: Alomex	Read Replies (3) of 1033

If we vote no to Onex then what do think will happen?????? What do you think will happen to CA??????? The government will come to their rescue once more, by lowering foreign owenership restrictions or other such similar action in order to save precious jobs in the west. What do you think will happen to AC's market share??????? It will stay the same, while it will have to go on competing with subsidized CA. If CA was any other company, I would suggest rejecting the offer and letting it go bankrupt. But what you and the other animated opposers of the bid forget is that the government has decided that CA cannot be allowed to fold. They suspended the competition rules just for that purpose! Do try to remember that it is CA who is going under. That is exactly the mistake I was talking about. The government has stood on its head just not to let CA go under, yet you are assuming they will.

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