The Canadian Press

2001-11-08 | Canada 3000 Bankruptcy

Preview Clip

Transport Minister David Collenette announced on November 8th that the federal government had no intention of sinking more money into Canada 3000, or any other carrier. But he added that once Canada 3000 restructured, it could still come to Ottawa seeking the 75 million dollars in loan guarantees the feds had offered to the company. (Collenette made the comments outside the Commons, shortly after Canada 3000 filed for court protection from its creditors.)

Date: 2001-11-08
Placeline: OTTAWA, Ontario.
Source: The Canadian Press
Length: 14 seconds

Transcript Prediction: << if the judge is granted that this application then that will allow the company to restructure and I assume that the company will come to us to to see whether or not for the business plan is acceptable >>