> >Air Canada provides update on restructuring > > > > > > MONTREAL, June 23 /CNW Telbec/ - Air Canada today provided the following >update on the airline's restructuring under the Companies' Creditors >Arrangement Act. > > Extension of the Stay Order > --------------------------- > > Mr. Justice James Farley of the Ontario Superior Court of Justice >approved an extension of the original stay period order granted to Air Canada >on April 1, 2003 to September 30, 2003. The purpose of this extension is to >complete the Company's post-restructuring business plan, renegotiate the terms >of aircraft leases with lessors, complete the review and renegotiation of >operating contracts and commence the process to raise approximately $1.35 >billion of exit financing. *************************************************** The owner of Roger's Trinbago Site/TnTisland.com Roj (Roger James) escape email mailto:ejames@xxxxxxxxx Trinbago site: www.tntisland.com Carib Brass Ctn site www.tntisland.com/caribbeanbrassconnection/ Steel Expressions www.mts.net/~ejames/se/ Mas Site: www.tntisland.com/tntrecords/mas2003/ Site of the Week: http://www.carib-link.net/naparima/naps.html TnT Webdirectory: http://search.co.tt *********************************************************