Hello Csmgrl123,
On March 22, 2001 Royal Airlines was acquired by Canada 3000 and in
November 9, 2001
Canada 3000 went out of business and grounded all planes.
March 22, 2001 - Royal Airlines shareholders approve Canada 3000 takeover bid
Nov. 8, 2001 ? Canada 3000 granted creditor protection for 30 days -
announces 1,500 layoffs
Nov. 9, 2001 ? Canada 3000 grounds planes
Source:
Canada 3000 timeline
Capital News
http://temagami.carleton.ca/jmc/cnews/16112001/n1.shtml
Royal = Royal Airlines Inc., subsidiary of Royal Aviation Inc. (merged
with Canada 3000 in spring 2001)
Source:
Canada Transportation Act Review
April 2001
http://www.reviewcta-examenltc.gc.ca/CTAReview/CTAReview/english/reports/output/ross_stanbury.htm
?These articles provide a description of Mr. Michel Leblanc entry into
the airline In 1978, he flew planes for his company Conifair Aviation
spraying
forests for budworms and in 1979 he went into business with Mr. Bernier to do
tree spraying. In the mid 1980s, he and others started Nordair-Metro, a Quebec
City based commuter airline. In 1986, they purchased Quebecair and renamed
it Intair. By the end of 1990, the carrier filed for bankruptcy protection.?
? A year later, he launched Royal Airlines as a charter airline and in
August 2000 he turned it into a scheduled carrier. In early 2001,
Royal Airlines was acquired by Canada 3000 and in November 2001,
Canada 3000 filed for bankruptcy. In April 2002, he started Jestgo
Corp. which made a small profit in 2003 a loss in 2004 and went into
bankruptcy in March 2005.?
Transportation Information Update
March 2005, No. 7 Associate Editor: Gerald Robertson
http://www.ctrf.ca/TRANSPORTATION.INFORMATION.UPDATE.MARCH.PDF
?Jetsgo ceases operations, stranding 17,000 travellers and leaving
more than 1,000 employees without jobs. It is the third time an
airline owned by Michel Leblanc has gone under (Jetsgo, Royal Aviation
and Intair).?
March 22, 2001:
Royal Airlines shareholders approve Canada 3000 takeover bid.
Nov. 9, 2001:
In a midnight news release, Canada 3000 announces that it is ceasing
operations immediately.
Nov. 6, 2001:
Canada 3000 seeks government approval to shut down Royal Aviation,
which it had bought earlier in the year.
http://www.cbc.ca/news/background/airlines/timeline_airlines.html
March 2001
?Canada 3000 agreed to acquire Royal Airlines in an all-stock
transaction valued at C$84 million ($56 million) that will combine one
of Canada's leading leisure carriers with a smaller rival to create
the country's second-largest passenger airline.!
Canada 3000, Royal Air to merge
Air Transport World, March, 2001
http://www.findarticles.com/p/articles/mi_hb3078/is_200103/ai_n7827261
?Canada 3000 competed with Air Canada, Westjet, and fellow charter
airline Air Transat. In November of 2001, the airline went out of
business after a sharp decline in revenues following the September
11th 2001 terrorist attacks in the United States.?
http://en.wikipedia.org/wiki/Canada_3000
Royal Aviation
?Royal Aviation operated the Canadian charter airline Royal Airlines.
It was based at Montréal-Pierre Elliott Trudeau International Airport.
The airline went bankrupt in 2001 as Canada 3000 had bought out the
Royal Aviation group several months prior to the events of September
11(Which was initially the downfall of Canada 3000).The airline was
founded by Michel Leblanc in 1991. Royal was acquired by Canada 3000
in 2001.?
Wikipedia
http://en.wikipedia.org/wiki/Royal_Aviation
Search terms:
Royal Air shut down bankrupt
Canada 3000
I hope the information provided is helpful!
Best regards,
Bobbie7 |
