Air Canada, which has been working its way out of a liquidity crisis that was threatening to push the company into bankruptcy proceedings for the second time since 2003, has raised more than one billion Canadian dollars (US$923 million) in new financing. Canada’s largest airline, a unit of ACE Aviation Holdings, was under the gun to raise at least C$600 million in order for new concessionary labor contracts with five Canadian unions to go into effect. The new contracts will hold … [Read more...] about AMERICAS: Air Canada raises C$1 billion in financing