Westjet 2005 Annual Report Download - page 35

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2005 WESTJET ANNUAL REPORT
33
Contingencies
An Amended Fresh as Amended Statement of Claim
was filed by Air Canada and ZIP Air Inc. in the Ontario
Superior Court on March 11, 2005 (amending the original
Statement of Claim filed on April 6, 2004) against the
Corporation, two officers, two employees, two former
officers and one former employee (the “Defendants”). The
principal allegations are that the Defendants unlawfully
obtained confidential flight load and load factor information
from Air Canada’s employee travel website and, as a result,
the Plaintiffs are seeking disgorgement of any incremental
revenue, profits and other benefits acquired by the Defendants
as a result of having access to the alleged confidential
information. The Plaintiffs are claiming disgorgement,
Suzanne Klein Ikkink and Trina Fraser
Methods and Standards Coordinator and Change Leadership Coordinator
...we have successfully maintained an
enviable debt-to-equity ratio that reflects
our ability to effectively manage our
balance sheet.