Phew


Air Canada pulls back from the brink. Looks like they're not going to tank this week.

Let's just hope it stays that way for one more week.

TORONTO - Air Canada has reached a cost-cutting deal with its pilots that should keep its planes in the air. The two sides had a midnight Saturday deadline, but their deal wasn't announced until around 3 a.m. Sunday. This means a bankruptcy hearing that had been scheduled for today has been canceled.

Full story on CBC News. Thanks to everyone who had their fingers crossed.

Posted: Sun - June 1, 2003 at 11:59 AM   Meltdown   Preparations   Email Comments

© Adam Smith