Justice Mark Schrager of the Quebec Superior Court has approved the payment to some 2,665 retained and terminated employees of bankrupt aircraft maintenance company Aveos Fleet Performance of $5.8-million in unpaid wages, along with $450,000 in employer payroll contributions. Each employee will be entitled to a maximum of $2,000. The April 5 court order says no further priority claims can be asserted against Aveos under the Companies’ Creditors Arrangement Act. In a separate order, the court has also sanctioned an agreement to allow Air Canada to repossess an A330 aircraft, engines, records and intellectual property held in an Aveos facility.
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