[Newsbot]

<strong>Title: </strong> <a href="/link.php?id=30054" target="_blank">Offer made to buy Air Canada</a> (click to view)

<strong>Category:</strong> <a href="/news/topic/17-business" target="_blank">Business</a>
<strong>Posted By: </strong> <a href="/modules.php?name=Your_Account&op=userinfo&username=Hyack" target="_blank">Hyack</a>
<strong>Date: </strong> 2008-02-08 15:19:47
<strong>Canadian</strong>

[Scape]

Next the CBC...

[mtbr]

Scape Scape:

Next the CBC...

Oh we can only hope ..I don't see what difference it will make as to who owns Air Canada.

Let someone else share the pain

[Canadaka]

I thought Air Canada was a private company?

[Ripcat]

Canadaka Canadaka:

I thought Air Canada was a private company?

Yes it is.

Air Canada Timeline.

$1:

July 1989
The balance of Air Canada's shares are sold to the public. Under the 1987 Air Canada Public Participation Act, no individual or group of individuals can vote more than 10 per cent of the shares and foreigners collectively cannot own more than 25 per cent of the voting shares.

1988
Air Canada is privatized in order to level the playing field between the two major airlines. Forty-three per cent of Air Canada's shares are sold to the public.