Air Transport World

Air Canada.(North America report)(Brief Article)

Air Canada exited bankruptcy Sept. 30 with what it described as reduced operating costs, a strengthened balance sheet, a reorganized corporate structure and a new fleet. "We have fundamentally reinvented who we are. Air Canada can no longer be considered a traditional legacy carrier," Chairman, President and CEO Robert Milton said.

Through the 18-month Companies Creditors' Arrangement Act process, AC said it reduced its net debt and capitalized operating lease obligations from some C$12 billion ($9. …

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