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Gold/Mining/Energy : Air Canada is taking off? -- Ignore unavailable to you. Want to Upgrade?

To: Stephen O who wrote (823)	9/14/1999 10:48:00 AM
From: chummer	Read Replies (1) \| Respond to of 1033

Stephen, The big deal is that Onex bought all these shares before the competition rules were relaxed on August 13th.They must have known this was going to happen.It's well known Schwartz is a liberal fund raiser.Do we have another Airbus scandal here? This deal was dubious before,now it will never happen. Rich

To: Stephen O who wrote (823)	9/15/1999 1:39:00 AM
From: Kitskid	Read Replies (1) \| Respond to 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.>