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Wardair’s Decline Ends Era of Canada’s Aviation Pioneer
Max Ward’s bid to grow Wardair into a major carrier collapsed under heavy long term debt and cash flow strains as PWA takeover loomed. Once famed for personal service including steak dinners and china meals, Wardair faced higher prices and layoffs as restructuring failed to sustain growth. The shift from charter to scheduled service amplified debt beyond $300 million by 1987, ending an era that started with a single self-funded charter plane in the Northwest Territories.
MENTIONED IN THIS ARTICLE
Max Ward
Canada
Wardair
Mega-Airlines
PWA
Wardai
Max
CP Air
Alberta
Northwest Territories
Ottawa
Europe
Air Canada
Canadian Pacific Air Lines