Examines the impact of downsizing Air Canada and Canadian Airlines International by the Onex Corporation take-over in November 1999.
Written in 1999; 2,695 words; 5 sources; APA; $ 80.95
Paper Summary:
Since the Canadian government allowed deregulation of the airline industry in 1988, both Air Canada and Canadian Airlines have reported losses of more than $2 billion dollars annually. This paper investigates the planned merger and subsequent downsizing of the two companies by Onex corporation and examines the benefits of this business move for both companies and Canada's economy as a whole.
Table of Contents:
Canada's Passenger Airline Industry
Current Situations of Major Carriers
Why Canada Needs Change - Current Problems and Inefficiencies Solution: Merger
Who's Operating The Airlines
The Restructuring and Integration Process
Satisfying the Unions
Regulatory Controls
The Future for Shareholders, Employees and the Traveling Public
Table: Top Six Unions in the Canadian Airline Industry
From the Paper:
"Canada's airline industry has expanded and grown to serve domestic and international routes for more than sixty-two years. Air Canada (AC) and Canadian Airlines International (CAI), both national airlines of Canada, vie for the largest segment of the public air travel market. Domestically, these two airlines currently serve eighty percent (80%) of the market. Several regional airlines (feeder airlines) provide access to the lesser traveled parts of the nation and typically serve smaller niche markets. The largest regional operator is Westjet, serving twelve destinations from Thunder Bay, Ontario west to Victoria, B.C.. Other regional operators include Air BC, Air Ontario, Air Nova, Air Alliance, and Canadian Regional Airlines."
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