Aveos Fleet Performance to begin liquidation

MONTREAL — Aveos Fleet Performance plans to begin liquidation, terminating the employment of all its 2,600 employees across the country.

MONTREAL — Aveos Fleet Performance plans to begin liquidation, terminating the employment of all its 2,600 employees across the country.

The Montreal-based private company, which has provided maintenance services to Air Canada, says it will immediately cease all operations after appearing in Quebec Superior Court.

The move terminates the company’s remaining employees after 1,175 were let go on Sunday when Aveos decided to close its airframe repair business.

About 160 employees will remain to oversee the liquidation process.

Aveos said Air Canada’s $15-million financial pledge Monday afternoon to help the company “following months of protracted negotiations” did not address its challenges.

Air Canada (TSX:AC.B) was Aveos’ main customer, accounting for about 90 per cent of its work.

Just Posted

Red Deer city council gets the ball rolling on new fees for tax assessment summaries

Changes to provincial legislation has spurred a rise in requests

Red Deer students take part in annual race

Dawe/St. Pat’s Run reaches 40th anniversary

Red Deer County backs Canadian Finals Rodeo

Council approved $50,000 for the event’s inaugural event in Red Deer

Red Deer County receives third budget award

Award from the Government Finance Officers Association

Dance auditions held for 2019 Canada Winter Games

The 2019 Canada Winter Games committee is holding auditions for volunteers between… Continue reading

UPDATED: Stretching for a good cause at Central Alberta Yogathon in Red Deer

Funds raised go to Central Alberta Sexual Assault Support Centre

Halifax researchers tag great white shark in Atlantic Canada for first time

HALIFAX — For the first time in Atlantic Canadian waters, scientists have… Continue reading

Liberal riding association president blindsided by MP’s defection

OTTAWA — The president of an Ontario Liberal riding association says he… Continue reading

Pope gives bishops more decision-making options

VATICAN CITY — Pope Francis decreed on Tuesday that ordinary Catholics should… Continue reading

Hurricane rating system fails to account for deadly rain

TRENTON, N.C. — When meteorologists downgraded Hurricane Florence from a powerful Category… Continue reading

Glad company: Trailer for Disney’s ‘Mary Poppins Returns’

LOS ANGELES — A beloved nanny is preparing to take to the… Continue reading

Jeremy Dutcher wins Polaris prize for ‘Wolastoqiyik Lintuwakonawa’

TORONTO — Jeremy Dutcher has won the 2018 Polaris Music Prize for… Continue reading

Statistics Canada reports manufacturing sales rose 0.9 per cent in July

OTTAWA — Statistics Canada says manufacturing sales increased 0.9 per cent in… Continue reading

China raises tariffs on $60B of US goods in technology fight

BEIJING — China on Tuesday announced a tariff hike on $60 billion… Continue reading

Most Read