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Air Canada Blames Pension Funding Requirements for Its Bankruptcy
The Globe and Mail 
Apr. 4, 2003
Excerpt: Pension plan obligations-- not terrorism, disease or even war-- prompted Canada's largest airline to seek shelter from its creditors, documents filed by Air Canada say. Faced with what it describes as an 'unreasonable' demand from federal regulators to plow extra cash into underfunded employee pension plans by the end of this week, Air Canada says it could not continue operating.
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