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While the largest U.S. airline narrowly averted bankruptcy earlier this week, Canada's biggest wasn't so lucky. Air Canada filed for bankruptcy protection after negotiations with the majority of its unions collapsed. Like other North American airlines, Montreal-based Air Canada has suffered a drop in ticket sales since Sept. 11 and, more recently, the war with Iraq and the outbreak of severe acute respiratory syndrome.
April 03, 2003 at 12:00 AM
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The original version of this story was published on Law.Com
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