AIR CANADA has finally come out of bankruptcy protection and its shares are due to be traded on the Toronto Stock Market from today. It is now mainly owned by its debtors with the original shareholders getting virtually nothing. The slimmed down AC now has 33,000 staff, down from 40,000 18 months back, and around 290 aircraft, reduced from 366 at the same time. However the next few months are going to be very difficult for the airline and its Jazz regional subsidiary, the back end of the year traditionally a poor trading period.
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