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Canada 3000 sues former Royal Aviation executives.

AIRLINE INDUSTRY INFORMATION-(C)1997-2001 M2 COMMUNICATIONS LTD

Canada 3000 Inc, a Canadian discount carrier, launched a lawsuit against two former executives of Royal Aviation on 14 August.

Canada 3000 bought Royal Aviation in March 2001 for CAD65m and is now suing the carrier's former chairman and large shareholder, Michel Leblanc, and Roland Blais, Royal Aviation's former chief financial officer. Both men left the company a few months after Royal Aviation was taken over.

A statement released by Canada 3000 said: "We have made considerable progress in integrating Royal's operations with those of Canada 3000 and CanJet, but we are disappointed with some of the issues we were forced to deal with when we formally took over Royal," Reuters reported. Canada 3000 chairman, John Lecky, has also indicated that the matter will negatively impact the carrier's short-term results.

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Publication:Airline Industry Information
Date:Aug 16, 2001
Words:150
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