Air Canada Dodges Cash Bullet for now - George Gutowski

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Air Canada Dodges Cash Bullet for now
May 25, 2009 05:04 PM UTC

George Gutowski

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Via Financial Skeptic:

Air Canada (TSE:AC) announced that they have a special deal with their credit card processing company to reduce the cash required to back up the transactions. Normally you would think this is a good thing but it just goes to show how badly broken the business model is. This business item should not be mission critical in the successful operation of an air line.

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