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Bankruptcy Law News
8/29/2008 3:28:02 PM EST
LexisNexis Bankruptcy Law Center Staff
Passengers stranded after Zoom planes grounded
TORONTO – (AP) Hundreds of Zoom Airlines passengers were stranded Thursday in Canada and the UK after the cash-strapped Canadian airline suddenly canceled all of its flights after creditors took action to get money owed them.
 
Zoom said the economic downturn and the unprecedented rise in the price of aviation fuel made it impossible … Full version (available to lexis.com subscribers)

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