April 13, 2012
The Aveos CCAA Process
Payroll Payment Order
As we previously told you, a Court order was issued on April 5, 2012, dealing with the payment of wages owing to Aveos employees in relation to work performed before Aveos filed for protection under the Companies’ Creditors Arrangement Act (“CCAA”).
A copy of the order is included at the end of this document and can also be read on the Monitor’s website at http://cfcanada.fticonsulting.com/aveos, where all the Court documents can be found.
A number of press articles have been printed that do not accurately describe the order.
Please take your information from this document and the Court Order itself.