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Air Georgian, sub-contractor that flew 1.5 million Air Canada passengers a year, is heading toward bankruptcy protection.

Air Georgian last week filed what’s called a notice of intent to make a proposal under the Bankruptcy and Insolvency Act, its chief source of income cut off by Air Canada in late January.

Many of Georgian’s employees have begun receiving layoff notices, says one of their unions, despite being earlier promised jobs at other carriers.

(Source: business.financialpost.com)

Air Georgian began as an airport developer in 1985. It began commercial operations in 1994 and subsequently developed its commercial air carrier business, which as of 2011 represented 87 percent of its total business. In 1997 It became a code share partner of Canadian Airlines, operating under the banner of Ontario Regional.  In 2000 Air Georgian became a Tier III partner of Air Canada and operated as Air Alliance.

It had a long-time cargo operation known as Georgian Express which was sold to Cargojet in 2007.

(Source: en.wikipedia.org/wiki/Air_Georgian)

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