Canada Jetlines Makes Voluntary Assignment into Bankruptcy Under the Bankruptcy and Insolvency Act (Canada)
Canada Jetlines Operations (Cboe CA:CJET) has announced its voluntary assignment into bankruptcy under the Bankruptcy and Insolvency Act (Canada). The company has appointed BDO Canada as the Licensed Insolvency Trustee to manage the realization of the company's assets. Dentons Canada LLP is serving as legal counsel to Canada Jetlines.
Creditors will receive a notice of bankruptcy and details about the first meeting of creditors by mail in the coming days. This development marks a significant turn of events for the Canadian airline, potentially impacting its operations, employees, and stakeholders.
Canada Jetlines Operations (Cboe CA:CJET) ha annunciato il suo assegnazione volontaria in fallimento ai sensi della Legge sul fallimento e sull'insolvenza (Canada). L'azienda ha nominato BDO Canada come Curatore Fallimentare Autorizzato per gestire la realizzazione degli attivi aziendali. Dentons Canada LLP funge da consulente legale per Canada Jetlines.
I creditori riceveranno per posta un avviso di fallimento e dettagli sulla prima riunione dei creditori nei prossimi giorni. Questo sviluppo segna un significativo cambiamento per la compagnia aerea canadese, che potrebbe influenzare le sue operazioni, i dipendenti e gli stakeholder.
Canada Jetlines Operations (Cboe CA:CJET) ha anunciado su asignación voluntaria en quiebra bajo la Ley de Quiebras e Insolvencia (Canadá). La compañía ha designado a BDO Canada como el Administrador de Insolvencia autorizado para gestionar la realización de los activos de la empresa. Dentons Canada LLP actúa como asesor legal de Canada Jetlines.
Los acreedores recibirán por correo un aviso de quiebra y detalles sobre la primera reunión de acreedores en los próximos días. Este desarrollo marca un cambio significativo para la aerolínea canadiense, lo que podría impactar sus operaciones, empleados y partes interesadas.
Canada Jetlines Operations (Cboe CA:CJET)는 자발적 파산 신청을 캐나다의 파산 및 지급불능법에 따라 발표했습니다. 회사는 자산 실현 관리를 위해 BDO Canada를 공인 파산 관리인으로 임명했습니다. Dentons Canada LLP는 Canada Jetlines의 법률 자문을 제공합니다.
채권자들은 오는 날 우편으로 파산 통지서와 채권자 최초 회의에 대한 세부 정보를 받을 것입니다. 이 개발은 캐나다 항공사에 중대한 전환점을 나타내며, 운영, 직원 및 이해관계자에게 영향을 미칠 수 있습니다.
Canada Jetlines Operations (Cboe CA:CJET) a annoncé sa assignation volontaire en faillite en vertu de la Loi sur la faillite et l'insolvabilité (Canada). L'entreprise a nommé BDO Canada en tant que Curateur Insolvable Agréé pour gérer la réalisation des actifs de l'entreprise. Dentons Canada LLP agit en tant que conseiller juridique pour Canada Jetlines.
Les créanciers recevront par courrier un avis de faillite et des détails concernant la première réunion des créanciers dans les jours à venir. Ce développement marque un tournant important pour la compagnie aérienne canadienne, pouvant avoir un impact sur ses opérations, ses employés et ses parties prenantes.
Canada Jetlines Operations (Cboe CA:CJET) hat seine freiwillige Insolvenz anmeldet gemäß dem Insolvenzgesetz (Kanada) bekanntgegeben. Das Unternehmen hat BDO Canada als lizenzierten Insolvenzverwalter beauftragt, um die Realisierung der Unternehmensvermögen zu verwalten. Dentons Canada LLP fungiert als Rechtsbeistand für Canada Jetlines.
Die Gläubiger werden in den kommenden Tagen per Post eine Mitteilung über die Insolvenz sowie Einzelheiten zur ersten Gläubigerversammlung erhalten. Diese Entwicklung stellt einen bedeutenden Wendepunkt für die kanadische Fluggesellschaft dar und könnte sich auf deren Betrieb, Mitarbeiter und Stakeholder auswirken.
- None.
- Voluntary assignment into bankruptcy
- Potential loss of value for shareholders
- Likely cessation of normal business operations
- Possible job losses for employees
- Uncertain future for the company's assets
TORONTO, ON / ACCESSWIRE / September 11, 2024 / Canada Jetlines Operations Ltd. (Cboe CA:CJET) ("Canada Jetlines" or the "Company") announced today that it has made a voluntary assignment in bankruptcy for the benefit of its creditors pursuant to section 49 of the Bankruptcy and Insolvency Act (Canada) ("BIA"). BDO Canada Limited will continue its appointment and act as Licensed Insolvency Trustee and realize on the Company's assets in accordance with the BIA. Dentons Canada LLP is legal counsel to the Company.
A notice of the bankruptcy and particulars of the first meeting of creditors will be sent to creditors by mail in the coming days.
Contact:
Percy Gyara
investor.relations@jetlines.ca
416.518.8314
SOURCE: Canada Jetlines Ltd
View the original press release on accesswire.com
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