Das zuständige Gericht hat am Freitag dem Restrukturierungsplan von Air Canada und der Beteiligung von Großinvestor Li (Trinity) zugestimmt. Da AC im Gläubigerschutz-Verfahren steht, war das nötig. Damit ist Riesenschritt getan, aus dem Insolvenzverfahren rauszukommen. Hier die Meldung:
Air canada provides update on restructuring
Friday January 16, 7:55 pm ET
MONTREAL, Jan. 16 /CNW Telbec/ - Air Canada provides the following update on the airline's restructuring under the Companies' Creditors Arrangement Act:
Court Approves Amended Trinity Agreement
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Justice Farley of the Ontario Superior Court today approved the amendments to the Trinity Equity Investment Agreement submitted on December 19, 2003. The Air Canada Board of Directors reconfirmed its selection of Trinity Time Investments as the company's equity plan sponsor on December 21, 2003. The investment is $650 million for approximately 31 per cent of the equity of the Company.
Court Approves GECAS Global Restructuring Agreement
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Justice Farley today also approved a global restructuring agreement with GE Capital Aviation Services (GECAS) on the restructuring of all GECAS financed and managed aircraft as well as respecting new exit and aircraft financing totaling approximately USD $1.5 billion.
"Two further cornerstones of the Air Canada restructuring have now been approved by the Court," said Calin Rovinescu, Executive Vice President and Chief Restructuring Officer. "With these approvals, the key process of selecting an equity plan sponsor has now been completed. The GECAS agreement is also pivotal to our successful emergence as it provides critical exit and new aircraft financing as well as a restructuring of about one-third of our fleet.
"With the support of Trinity, the equity plan sponsor, we expect to now proceed expeditiously to complete the remaining steps to exit CCAA protection - resolution of the pension deficit funding, completion of the fleet restructuring, the Teplitsky arbitration respecting the acquisition of Embraer and Bombardier aircraft, the complex claims process and finally, the corporate reorganization and submission of the Company's Plan of Arrangement."
www.newswire.ca/en/releases/orgDisplay.cgi?okey=48435
www.newswire.ca/en/releases/orgDisplay.cgi?okey=13213
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