Porter Airlines Inc.’s bid to more than double the reach of its network hinges on winning over governments in Toronto and Ottawa amid potentially fierce opposition from local residents in its hometown.
Hyundai Motor Co., South Korea’s largest automaker, and its affiliate Kia Motors Corp. recalled more than 1.7 million vehicles in the U.S. from five model years for electronic defects. Their shares fell.
Missinippi Airways, a charter-and- cargo carrier that flies to northern Manitoba and the Arctic, was ordered by the Canadian government for the second time this year to suspend service because of safety concerns.
Bombardier Inc. jumped the most in almost three months after the planemaker said Russia’s Ilyushin Finance Co. converted a letter of intent into an order for CSeries jets that could be worth at least $2.56 billion.
Canada’s transportation ministry could consider selling assets and privatizing airports to narrow its role, the department said in a briefing note to Transport Minister Denis Lebel. The memo also contained biographies of top officials with self-descriptions such as “beach babe.”
Chrysler Group LLC says traffic delays at the Canada-U.S. border are driving up costs for the world’s seventh-largest carmaker, which sends 2,000 finished cars and trucks a day across an 83-year-old bridge linking Detroit to Windsor, Ontario.
Porter Aviation Holdings Inc., the owner of a Toronto-based airline formed in 2006, plans to use proceeds from an initial public offering to expand, anticipating a rebound in passenger traffic as the economy recovers.