Air Canada, which sits on the brink of a possible second
bankruptcy in six years, has received some good news. The Toronto
Star reports Canada's largest airline has reached a preliminary
agreement with a credit-card processor that will reduce the amount
of cash Air Canada is required to keep on hand.
More airline industry news from across the pond today. Virgin
Atlantic CEO Steve Ridgeway said today that no major airline should
expect to make a profit this year, in the face of the global
economic downturn.
Read More
