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Companies team for technologies
MONTREAL, Aug. 17 (UPI) -- Almost all of Air Canada's creditors voted Tuesday in favor of its restructuring plan to get the airline out of bankruptcy by the end of September.
The Canadian Broadcasting Corp., reported that creditors voted 99.6 percent in approval of the plan during a special meeting in Montreal, paving the way for court approval Aug. 23.
"The strong support for Air Canada's restructuring plan received from creditors today is appreciated," company Chief Executive Officer Robert Milton said.
The approval of the plan will result in Air Canada's stock being delisted from the Toronto Stock Exchange.
"The economics of this business are pretty blunt and fairly brutal and right now Air Canada is on the wrong side of those economics," Queen's University Professor Douglas Reid. "It has to somehow find a way to put it on the right side of those economics."
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ASUNCION, Paraguay, May 22 (UPI) --
Land-locked Paraguay is hoping the latest investor seeking oil in its promising western region will have better results than previous prospectors.
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WASHINGTON, May 22 (UPI) --
A U.S. Senate committee report has revived controversy over alleged counterfeit Chinese electronic components entering U.S.-made defense equipment and weapons.
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Like housing markets overall, the market for luxury homes is growing tighter as the spring buying progresses. Though still a buyer's market, the ILHM Luxury Housing Report for last week shows a pattern of rising prices and fewer days on market since...
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What if Europe turned out to be the new Japan?
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