Plan for Aveos sale faces court challenge
Aug. 22, 2012, Montreal - The proposed liquidation sale of Aveos' engine repair business to Germany's Lufthansa Technik faces a challenge in a Quebec court today.
August 22, 2012 By The Canadian Press
Aug. 22, 2012, Montreal – The proposed liquidation sale of Aveos' engine repair
business to Germany's Lufthansa Technik faces a challenge in a
Quebec court today.
The union representing former employees of the insolvent
Montreal-based aircraft maintenance company and losing bidder MTU
Aero Engines are trying to block the sale recommended by the
Approval was delayed a week to give the sale opponents an
opportunity to challenge the fairness of the proposed transaction.
At stake are potentially more than 130 jobs in Montreal and
Vancouver, mostly those of former Aveos workers.
Aveos terminated about 2,600 jobs across the country, including
some 1,800 in Montreal, when it suddenly obtained creditor
protection and closed its operations in March.
The company had been Air Canada's main provider of aircraft
overhauls and heavy maintenance.