The Canadian Press

1999-11-05 | AirWars

Preview Clip

On Nov. 5, Onex walked away from its bid to buy Air Canada after a Quebec judge ruled the offer violated the 10-per-cent individual limit on Air Canada voting share ownership. Onex chairman Gerry Schwartz urged Ottawa to change the law. Onex had wanted to buy both Air Canada and Canadian Airlines, and merge them.

Date: 1999-11-05
Placeline: TORONTO, Ontario.
Source: The Canadian Press
Length: 11 seconds

Transcript Prediction: << it has become clear to US during the past 12 weeks the 10% ownership restriction at Air Canada service neither the shareholders or the Public's interest >>