Again with reference to the Air Canada takeover of Canadian Airlines, the experts for CAW Local 1990 argue that Canadian Airlines was by far the more cost effective operator but was done in by its heavier debt servicing costs. Stuart wrote: >We can see that finance capital >drove a great deal of the restructuring but has it left the industry with a >fundamentally different role, primarily that of leveraged buyer of aircraft >and servicer of debt? Tom Walker Bowen Island, BC 604 947 2213
