Zoom Airlines - 2008 Financial Difficulties

2008 Financial Difficulties

On August 27, 2008, an aircraft leased to Zoom was grounded at Calgary International Airport when the owner cancelled the lease agreement. The fuel supplier would not refuel the aircraft due to outstanding debts. Zoom subsequently announced it had requested creditor protection.

Read more about this topic:  Zoom Airlines

Famous quotes containing the words financial and/or difficulties:

    America is a nation with no truly national city, no Paris, no Rome, no London, no city which is at once the social center, the political capital, and the financial hub.
    C. Wright Mills (1916–1962)

    It appeared that he had once represented his tribe at Augusta, and also once at Washington, where he had met some Western chiefs. He had been consulted at Augusta, and gave advice, which he said was followed, respecting the eastern boundary of Maine, as determined by highlands and streams, at the time of the difficulties on that side. He was employed with the surveyors on the line. Also he called on Daniel Webster in Boston, at the time of his Bunker Hill oration.
    Henry David Thoreau (1817–1862)