Guest CarryOn Posted March 11, 2003 Share Posted March 11, 2003 Press Release Source: Air Canada; Air Canada - Aeroplan (English); Air Canada - Corporate - Financial Air Canada and Onex Extend Aeroplan Sale Date to April 30, 2003 Tuesday March 11, 4:45 pm ET MONTREAL, March 11 /CNW Telbec/ - Air Canada announced today that, at Onex's request, it has agreed to extend the deadline by which closing is to occur to April 30, 2003. Onex continues to be actively engaged in its due diligence efforts and, while it has completed its review of many significant areas of due diligence, additional time is required for it to complete its review of the remaining items. Aeroplan, Air Canada and Onex are also advancing completion of final documentation. For further information AIR CANADA : Isabelle Arthur (Montréal), (514) 422-5788 Laura Cooke (Toronto), (416) 263-5576 Angela Mah (Vancouver), (604) 654-7022, website: www.aircanada.ca Link to comment Share on other sites More sharing options...
zipped Posted March 12, 2003 Share Posted March 12, 2003 I would think that Onex is now having second thoughts about there proposal to purchase 35% of Aeroplan. I believe all major expenditures will be on hold for most large companies until!!!!!!!! Link to comment Share on other sites More sharing options...
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