Amendments To Canadian Airlines Corporation Act Receives Royal Assent.CALGARY, ALBERTA--(BUSINESS WIRE)--March 27, 1998--Canadian Airlines Co(TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). :CA.) (Alberta Stock Exchange Alberta Stock Exchange See Canadian Venture Exchange (CDNX). :CA.) (ME:CA.) The bill amending the Canadian Airlines Canadian Airlines International Ltd. was, from 1987 until 2001, Canada's second largest airline after Air Canada, carrying more than 11.9 million passengers to over 160 destinations in 17 countries on five continents at its height in 1996. Corporation Act to remove all restrictions on share ownership was proclaimed in force yesterday by the Lieutenant Governor lieutenant governor n. Abbr. Lt. Gov. 1. An elected official ranking just below the governor of a state in the United States. 2. The nonelective chief of government of a Canadian province. of the Province of Alberta. The Act had previously restricted any person from owning more than 10 per cent of the voting shares Voting Shares Shares that give the stockholder the right to vote on matters of corporate policy making as well as who will compose the members of the board of directors. Notes: Different classes of shares, such as preferred stock, sometimes don't allow for voting rights. of Canadian Airlines Corporation. Canadian Airlines Corporation continues to be subject to the provisions of the Canada Transportation Act which restricts non-Canadians from owning more than 25 per cent of Canadian Airlines Corporation's common shares. In anticipation of the amendment of the Canadian Airlines Corporation Act, the Board of Directors of Canadian Airlines Corporation approved a Shareholders Rights Plan on Feb. 25, 1998. The Rights Plan will be presented to Canadian Airlines Corporation's shareholders for approval at the Annual General and Special Meeting of shareholders to be held on May 6, 1998, in Calgary. Canadian Airlines has assembled a network of global partners that include the world's leading airlines. Together with American Airlines, British Airways, Japan Airlines, and Qantas, Canadian has a unique group of alliance partners which offer customers a choice of seamless travel across the five major continents. Together with these partners Canadian serves over 300 North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. destinations and more than 500 worldwide, including over 100 flights per week between Canada and Asia, more than any other airline. CONTACT: Canadian Airlines Corporation Jeff Angel, 403/ 294-6821 http://www.cdnair.ca or Canadian Airlines Corporation In Quebec, 514/ 364-7759 (514) 749-3580 Pager |
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