Air Transport World

Air Canada President.(Brief Article)(Statistical Data Included)

Air Canada President and CEO Robert Milton was named to Canadian Airlines Corp.'s board of directors in early Jan. as the airline continued its takeover of its former rival. As of Jan. 4, an affiliate of Air Canada had taken up and paid for 82% of Canadian's shares and was completing its acquisition of American Airlines' holding. Milton said "work will begin immediately with Canadian Airlines' creditors to restructure the debt and other long-term obligations."

The acquisition received clearance from the Canadian Commissioner of Competition subject to Air Canada's selling Canadian Regional Airlines and surrendering slots at Toronto's Pearson International Airport to potential new entrants. …

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