DEBT FINANCING. Air Canada flight attendants serve strike notice

Flight attendants have informed their strike Air Canada and off the job already could be Wednesday.
The communication provided a federal mediator call Friday night, and provides the clock is ticking for a showdown between 6,000 flight attendants and Air Canada (TSX: AC.)(A).
It is still possible, that can achieve an agreement both sides, avoiding a strike or lock-out Canada's largest airline.
The flight attendants are represented by a branch of the Canadian Union of public servants that are in the legal strike location about 12: 00 pm Wednesday.
They were also 72 hours of their intention to strike, informed even though Friday announcement this requirement has been met.
"Negotiations are under way, and we still hope an agreement with Air Canada," Jeff Taylor, President of Air Canada component of the Canadian Union of public employees.
Earlier in the day, Federal Republic of labor Minister Lisa Raitt said in an e-Mail, which both sides to a meeting in Ottawa would call them, if no deal was reached until the weekend.
"I had a conference call with parties Wednesday night." My message was that we should have a deal can be ratified by members. And if they don't get then I asked a business it, a process, to find them. And if after the weekend progress still does not, I want them them face to face see Monday. "
Raitt added to the e-Mail, that she believes "both parties understand the impact, a work stoppage on the economy and is working hard to a business."
Headquartered in Montreal is Canada's largest air carrier, which is about the country and has large continental and international routes.
With an overwhelming majority of the members of the Union, their Union give a strike mandate, less than a month after making a previous tentative agreement their negotiators rejected.
The flight attendants, 31, negotiate without a contract since March mediator with the support of the Federal Republic.
Industry analysts believe that the Government will quickly introduce back to-work laws, a strike occurs, especially as a strike by flight attendants a greater impact on the airline would have represented that the three day strike in June by customer service agents, by the Canadian Auto workers,
A negotiated solution reached the CAW Union and Air Canada legislation that would have sent to the social partners to arbitration according to Raitt.
The public know if interruptions while the CAW strike, but the Government said that the strike threatened the economy.
The economic situation made worse because, with suggestions that Canada could be the first G7 country sliding into a recession after negative growth in the second quarter.
Air Canada has yet to reveal not their contingency plans for a strike, but said that it would work a partial schedule with the help of its codeshare partners.
On the Toronto Stock Exchange, Air Canada shares hit a 52-week low on Friday, but later won to close five cents, to $1.62.
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