Aveos Closes Doors, Seeks Court Protection, Blames Air Canada

Aveos Fleet Performance, the former maintenance, repair and overhaul (MRO) arm of Air Canada that has been operating as independent, privately held company since 2004, suddenly closed its doors over the weekend and sought court protection from its creditors under the Companies’ Creditors Arrangement Act (CCAA). In a statement late Monday afternoon, Aveos, whose primary ...