Air Canada and the Canadian Auto Workers Union reached a cost-cutting deal designed to restructure the airline and avoid bankruptcy. One of Air Canada's biggest lenders, GE Capital Aviation Services, had threatened to pull the plug on a major financing agreement if the two sides could not reach a deal by May 21st. Air Canada CEO Robert Milton said he was optimistic about the company's prospects.

Date: 2004-05-20
Placeline: TORONTO, Ontario.
Source: The Canadian Press
Length: 9 seconds

Transcript Prediction: << I am incredibly bullish about the future I mean this is a repositioned airline that we can now clearly see the Finishing Line >>

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