WestJet Spied on Air Canada
WestJet, the Canadian, discount airline, admitted on 5/29 that it had improperly accessed key Air Canada data relating to key flight operations data including excess capacity information for its routes. It also admitted that it had gained this information with the full knowledge of the highest levels of WestJet administration. In its settlement WestJet will donate $10 million to children’s charities and pay $5.5 million of Air Canada’s legal costs for the two year battle. WestJet had $288 million in cash at the end of the 1st quarter 2006. WestJet shares rose by 5% following the announcement of the settlement.
| This entry was posted on Tuesday, May 30th, 2006 at 8:44 pm and is tagged with discount airline, canada data, excess capacity, air canada, flight operations, westjet, 10 million, charities, 5 million. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback. |
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