CanWest Aerospace Inc.
FollowActive
- Proceeding
- CCAACompanies' Creditors Arrangement Act, R.S.C. 1985 c. C-36 as amended
- File
- S-230764
Filings held51
Last activity17 Dec 2024
On the record1,293 days
Secured debt$3.9M
OverviewSummary updated
CanWest Aerospace Inc. obtained an initial order under the Companies' Creditors Arrangement Act on March 8, 2023 from the Supreme Court of British Columbia, filed as court file no. S-231354, on the application of Canwest Aerospace Inc. and Canwest Global Airparts Inc. FTI Consulting Canada Inc. was appointed Monitor. A creditor listing as at March 8, 2023 shows secured claims of $3,896,004 owing to Royal Bank of Canada and $156,287 to Business Development Bank of Canada. Unsecured claims recorded on the same date are led by Tara Lundy at $605,548, Tom Jackson at $294,288, Mark McCooey at $217,990, Zara Trading at $95,640 and Mark McCooey and Don Arney jointly at $93,156, alongside a wide field of aerospace suppliers, tax authorities, professional advisors and utilities. The proceedings remain active.
Claims processIf you are owed money
A claims procedure has been established — see the order for deadlines.
Per the Claims Order Process dated 5 May 2023.
Proceedings AIAsk this case — answers cite the filings
Case updates51 dated entries
#Report
The officer filed report no. Eighth Report. The Petitioners' business was sold pursuant to a court-approved SPA, but the purchaser failed to close; RBC then obtained appointment of a receiver, which has since closed a sale of the Petitioners' assets and is seeking a distribution order and its discharge.
Source: Eighth Report of the Monitor
#Order
The court appointed Deloitte Restructuring Inc. as Receiver and Receiver and Manager, on the application of Royal Bank of Canada. Court file S-230764.
Source: Receivership Order
#Sale
The court granted an approval and vesting order for the sale to MAR ONE Aviation, L.L.C. Closing terms, as extracted: Vesting occurs upon delivery by the Monitor to the Purchaser of the Monitor's Certificate confirming completion of the Share Purchase Transaction.
Source: Approval and Vesting Order
#Report
The officer filed report no. Seventh Report. CanWest continues limited operations amid ongoing disruption from missing inventory/equipment stolen from its former Langley premises, which has hurt revenues and liquidity; the company is pursuing closing of a share purchase agreement and implementation of a plan of arrangement.
Source: Seventh Report of the Monitor
#Report
The officer filed report no. Sixth Report. The report covers a creditor meeting held to vote on the Plan of Compromise and Arrangement, which was accepted by both secured and unsecured creditor classes; the Monitor now recommends Court approval of the Plan.
Source: Sixth Report of the Monitor
#Filing
First Amended and Restated Plan of Compromise and Arrangement — Plan of arrangement / compromise
#Report
The officer filed report no. Fifth Report. The Petitioners vacated the Langley Premises by May 31, 2023 amid disruptions from theft-affected inventory and relocation, negatively impacting sales and cash flow, while continuing limited operations and pursuing an Amended Plan of compromise with creditors.
Source: Fifth Report of the Monitor
#Claims
Notice of Creditors Meeting, Meeting Protocol, Proxy, and Plan Resolution — Meeting materials
#Report
The officer filed report no. Supplement to the Fourth Report of the Monitor. The Monitor provided a revised cash flow forecast for CanWest covering May 1 to June 25, 2023, reflecting continued orderly liquidation of inventory and parts sales.
#Order
Initial order granted to Canwest Aerospace Inc. and Canwest Global Airparts Inc. under the CCAA, appointing FTI Consulting Canada Inc. as Monitor.
Source: Initial Order
Parties
Debtor
CanWest Aerospace Inc.
Monitor
FTI
Bench and counselPer the orders and service lists on the record
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Fitzpatrick | Supreme Court of British Columbia | 6 orders, May 2023 | 49 cases on record |
| Justice Gomery | Supreme Court of British Columbia | 4 orders, Mar 2023 – Aug 2023 | 6 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| MonitorFTI | Dla Piper LLP | 17 May 2023 | Service list · 17 May 2023 |
| ApplicantCanWest Aerospace Inc. | Clark Wilson LLP | 17 May 2023 | Service list · 17 May 2023 |
| CreditorBusiness Development Bank of Canada | Kornfeld LLP | 17 May 2023 | Service list · 17 May 2023 |
| CreditorHelo Investments Ltd | Clark Wilson LLP | 9 May 2023 | Order · 9 May 2023 |
| CreditorRoyal Bank of Canada | Dentons Canada LLP | 17 May 2023 | Service list · 17 May 2023 |
Capital structureAs asserted in the filings
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 4 | Secured | Royal Bank of Canada · in 556 casesFrom Creditor Listing as at March 8, 2023; security details not specified in this document. — debtor: CanWest Aerospace Inc. and Can West Global Airparts Inc. · as of 8 Mar 2023 | $3.9M | Creditor List |
| 4 | Secured | Business Development Bank of Canada · in 241 casesFrom Creditor Listing as at March 8, 2023; security details not specified in this document. — debtor: CanWest Aerospace Inc. and Can West Global Airparts Inc. · as of 8 Mar 2023 | $156K | Creditor List |
| 8 | Unsecured | Tara LundyIndividual named as creditor; address given as company hangar location. — debtor: CanWest Aerospace Inc. and Can West Global Airparts Inc. · as of 8 Mar 2023 | $606K | Creditor List |
| 8 | Unsecured | Tom JacksonIndividual named as creditor; address given as company hangar location. — debtor: CanWest Aerospace Inc. and Can West Global Airparts Inc. · as of 8 Mar 2023 | $294K | Creditor List |
| 8 | Unsecured | Mark McCooey · in 2 casesAddress given as Sei Industries Ltd.; individual named creditor per document. — debtor: CanWest Aerospace Inc. and Can West Global Airparts Inc. · as of 8 Mar 2023 | $218K | Creditor List |
| 8 | Unsecured | TD Bank · in 29 casesListed by the document as an unsecured creditor. — debtor: CanWest Aerospace Inc. and Can West Global Airparts Inc. · as of 8 Mar 2023 | $137K | Creditor List |
| 8 | Unsecured | Zara Trading · in 2 casesdebtor: CanWest Aerospace Inc. and Can West Global Airparts Inc. · as of 8 Mar 2023 | $95.6K | Creditor List |
| 8 | Unsecured | Mark McCooey and Don ArneyAddress given as Sei Industries Ltd.; individuals named jointly per document. — debtor: CanWest Aerospace Inc. and Can West Global Airparts Inc. · as of 8 Mar 2023 | $93.2K | Creditor List |
| 8 | Unsecured | Avialta Helicopter Maintenance Ltd. · in 3 casesdebtor: CanWest Aerospace Inc. and Can West Global Airparts Inc. · as of 8 Mar 2023 | $46K | Creditor List |
| 8 | Unsecured | BC Employer Health Tax · in 2 casesProvincial tax authority claim. — debtor: CanWest Aerospace Inc. and Can West Global Airparts Inc. · as of 8 Mar 2023 | $40.8K | Creditor List |
| 8 | Unsecured | Canada Emergency Business Account · in 4 casesGovernment emergency loan program. — debtor: CanWest Aerospace Inc. and Can West Global Airparts Inc. · as of 8 Mar 2023 | $40K | Creditor List |
| 8 | Unsecured | Canada Revenue Agency · in 926 casesdebtor: CanWest Aerospace Inc. and Can West Global Airparts Inc. · as of 8 Mar 2023 | $40K | Creditor List |
| 8 | Unsecured | Clark Wilson LLP · in 4 casesdebtor: CanWest Aerospace Inc. and Can West Global Airparts Inc. · as of 8 Mar 2023 | $36.5K | Creditor List |
| 8 | Unsecured | Achieve CPA's LLP · in 2 casesdebtor: CanWest Aerospace Inc. and Can West Global Airparts Inc. · as of 8 Mar 2023 | $24.6K | Creditor List |
| 8 | Unsecured | Boeing Dist. Canada, Ltd. · in 2 casesdebtor: CanWest Aerospace Inc. and Can West Global Airparts Inc. · as of 8 Mar 2023 | $16.4K | Creditor List |
| 8 | Unsecured | Anodyne Electronics Manufacturingdebtor: CanWest Aerospace Inc. and Can West Global Airparts Inc. · as of 8 Mar 2023 | $15K | Creditor List |
| 8 | Unsecured | Sikorsky Commercial, Incdebtor: CanWest Aerospace Inc. and Can West Global Airparts Inc. · as of 8 Mar 2023 | $13.3K | Creditor List |
| 8 | Unsecured | Gastops Ltd. USDdebtor: CanWest Aerospace Inc. and Can West Global Airparts Inc. · as of 8 Mar 2023 | $11.4K | Creditor List |
| 8 | Unsecured | Manulife Financial · in 35 casesdebtor: CanWest Aerospace Inc. and Can West Global Airparts Inc. · as of 8 Mar 2023 | $9.95K | Creditor List |
| 8 | Unsecured | Brown Helicopters, Inc. · in 2 casesdebtor: CanWest Aerospace Inc. and Can West Global Airparts Inc. · as of 8 Mar 2023 | $9.85K | Creditor List |
| 8 | Unsecured | Component Controldebtor: CanWest Aerospace Inc. and Can West Global Airparts Inc. · as of 8 Mar 2023 | $8.24K | Creditor List |
| 8 | Unsecured | Aspen Avionics · in 3 casesdebtor: CanWest Aerospace Inc. and Can West Global Airparts Inc. · as of 8 Mar 2023 | $8.12K | Creditor List |
| 8 | Unsecured | Kova Engineering Ltd. · in 8 casesdebtor: CanWest Aerospace Inc. and Can West Global Airparts Inc. · as of 8 Mar 2023 | $7.78K | Creditor List |
| 8 | Unsecured | Chinook Aviation Inc. USD · in 2 casesdebtor: CanWest Aerospace Inc. and Can West Global Airparts Inc. · as of 8 Mar 2023 | $7.55K | Creditor List |
| 8 | Unsecured | Minister of Finance · in 71 casesProvincial government claim. — debtor: CanWest Aerospace Inc. and Can West Global Airparts Inc. · as of 8 Mar 2023 | $7.02K | Creditor List |
| 8 | Unsecured | Fieldtech Avionics & Instruments, Inc. · in 2 casesdebtor: CanWest Aerospace Inc. and Can West Global Airparts Inc. · as of 8 Mar 2023 | $6.6K | Creditor List |
| 8 | Unsecured | Worksafe BC · in 31 casesdebtor: CanWest Aerospace Inc. and Can West Global Airparts Inc. · as of 8 Mar 2023 | $6.45K | Creditor List |
| 8 | Unsecured | MHM Publishing Inc. · in 2 casesdebtor: CanWest Aerospace Inc. and Can West Global Airparts Inc. · as of 8 Mar 2023 | $5.38K | Creditor List |
| 8 | Unsecured | Ricoh Canada Inc. · in 32 casesdebtor: CanWest Aerospace Inc. and Can West Global Airparts Inc. · as of 8 Mar 2023 | $5.12K | Creditor List |
| 8 | Unsecured | Dakota Air Parts International, Inc. · in 2 casesdebtor: CanWest Aerospace Inc. and Can West Global Airparts Inc. · as of 8 Mar 2023 | $5K | Creditor List |
| 8 | Unsecured | Federal Express Canada Ltd. · in 69 casesdebtor: CanWest Aerospace Inc. and Can West Global Airparts Inc. · as of 8 Mar 2023 | $4.89K | Creditor List |
| 8 | Unsecured | Boeing Distribution Services Inc. · in 3 casesdebtor: CanWest Aerospace Inc. and Can West Global Airparts Inc. · as of 8 Mar 2023 | $4.56K | Creditor List |
| 8 | Unsecured | Leading Edge CNC Solutions Ltd. · in 2 casesdebtor: CanWest Aerospace Inc. and Can West Global Airparts Inc. · as of 8 Mar 2023 | $4.13K | Creditor List |
| 8 | Unsecured | Harper Grey LLP · in 2 casesdebtor: CanWest Aerospace Inc. and Can West Global Airparts Inc. · as of 8 Mar 2023 | $3.62K | Creditor List |
| 8 | Unsecured | Cosa Fai · in 2 casesdebtor: CanWest Aerospace Inc. and Can West Global Airparts Inc. · as of 8 Mar 2023 | $3.62K | Creditor List |
| 8 | Unsecured | Precision Metal Finishing Inc. · in 2 casesdebtor: CanWest Aerospace Inc. and Can West Global Airparts Inc. · as of 8 Mar 2023 | $3.6K | Creditor List |
| 8 | Unsecured | T&M Machining Inc. · in 2 casesdebtor: CanWest Aerospace Inc. and Can West Global Airparts Inc. · as of 8 Mar 2023 | $3.54K | Creditor List |
| 8 | Unsecured | Aviation Parts Group · in 2 casesdebtor: CanWest Aerospace Inc. and Can West Global Airparts Inc. · as of 8 Mar 2023 | $3.5K | Creditor List |
| 8 | Unsecured | Avisar Everyday Solutions Ltd. · in 2 casesdebtor: CanWest Aerospace Inc. and Can West Global Airparts Inc. · as of 8 Mar 2023 | $3.35K | Creditor List |
| 8 | Unsecured | Pyroteck Aerospace Ltd. · in 2 casesdebtor: CanWest Aerospace Inc. and Can West Global Airparts Inc. · as of 8 Mar 2023 | $3.31K | Creditor List |
| 8 | Unsecured | SIL Industries Ltd. · in 2 casesdebtor: CanWest Aerospace Inc. and Can West Global Airparts Inc. · as of 8 Mar 2023 | $3.16K | Creditor List |
| 8 | Unsecured | H-S Tool & Parts Inc. USD · in 2 casesdebtor: CanWest Aerospace Inc. and Can West Global Airparts Inc. · as of 8 Mar 2023 | $2.96K | Creditor List |
| 8 | Unsecured | Industrial Alliance Insurance · in 3 casesdebtor: CanWest Aerospace Inc. and Can West Global Airparts Inc. · as of 8 Mar 2023 | $2.95K | Creditor List |
| 8 | Unsecured | Little Avi's Building Maint. Services · in 2 casesdebtor: CanWest Aerospace Inc. and Can West Global Airparts Inc. · as of 8 Mar 2023 | $2.79K | Creditor List |
| 8 | Unsecured | Can-Crate Industries Ltd. · in 2 casesdebtor: CanWest Aerospace Inc. and Can West Global Airparts Inc. · as of 8 Mar 2023 | $2.55K | Creditor List |
| 8 | Unsecured | Truck Specialists · in 2 casesdebtor: CanWest Aerospace Inc. and Can West Global Airparts Inc. · as of 8 Mar 2023 | $2.37K | Creditor List |
| 8 | Unsecured | Next Point Bearing Group · in 2 casesdebtor: CanWest Aerospace Inc. and Can West Global Airparts Inc. · as of 8 Mar 2023 | $2.14K | Creditor List |
| 8 | Unsecured | Aeroservice AS - Vendor · in 2 casesdebtor: CanWest Aerospace Inc. and Can West Global Airparts Inc. · as of 8 Mar 2023 | $2.1K | Creditor List |
| 8 | Unsecured | Redwood Plastics & Rubber · in 2 casesdebtor: CanWest Aerospace Inc. and Can West Global Airparts Inc. · as of 8 Mar 2023 | $2.09K | Creditor List |
| 8 | Unsecured | Helicopter Parts International Inc. · in 2 casesdebtor: CanWest Aerospace Inc. and Can West Global Airparts Inc. · as of 8 Mar 2023 | $2K | Creditor List |
| 8 | Unsecured | Dendoff Springs Ltd.debtor: CanWest Aerospace Inc. and Can West Global Airparts Inc. · as of 8 Mar 2023 | $1.87K | Creditor List |
| 8 | Unsecured | Senior Aerospace Ketema · in 2 casesdebtor: CanWest Aerospace Inc. and Can West Global Airparts Inc. · as of 8 Mar 2023 | $1.86K | Creditor List |
| 8 | Unsecured | CooperWilliams Truman LLP · in 2 casesdebtor: CanWest Aerospace Inc. and Can West Global Airparts Inc. · as of 8 Mar 2023 | $1.79K | Creditor List |
| 8 | Unsecured | Affinity Law Group · in 3 casesdebtor: CanWest Aerospace Inc. and Can West Global Airparts Inc. · as of 8 Mar 2023 | $1.57K | Creditor List |
| 8 | Unsecured | Fortis BC - 3766769Natural Gas account. — debtor: CanWest Aerospace Inc. and Can West Global Airparts Inc. · as of 8 Mar 2023 | $1.56K | Creditor List |
| 8 | Unsecured | Metal Mart · in 2 casesdebtor: CanWest Aerospace Inc. and Can West Global Airparts Inc. · as of 8 Mar 2023 | $1.5K | Creditor List |
| 8 | Unsecured | Pacific Customs Brokers Inc. · in 2 casesdebtor: CanWest Aerospace Inc. and Can West Global Airparts Inc. · as of 8 Mar 2023 | $1.5K | Creditor List |
| 8 | Unsecured | B.C.Scale Co. Ltd. · in 2 casesdebtor: CanWest Aerospace Inc. and Can West Global Airparts Inc. · as of 8 Mar 2023 | $1.41K | Creditor List |
| 8 | Unsecured | Aero-Smith Heli Service · in 2 casesdebtor: CanWest Aerospace Inc. and Can West Global Airparts Inc. · as of 8 Mar 2023 | $1.34K | Creditor List |
| 8 | Unsecured | Boeing Distribution, Inc. · in 2 casesdebtor: CanWest Aerospace Inc. and Can West Global Airparts Inc. · as of 8 Mar 2023 | $1.29K | Creditor List |
| 8 | Unsecured | Pacific Customs Brokers Ltd. · in 5 casesdebtor: CanWest Aerospace Inc. and Can West Global Airparts Inc. · as of 8 Mar 2023 | $1.19K | Creditor List |
| 8 | Unsecured | Fortis BC - 4116531Natural Gas account. — debtor: CanWest Aerospace Inc. and Can West Global Airparts Inc. · as of 8 Mar 2023 | $1.14K | Creditor List |
| 8 | Unsecured | Waste Connections of Canada Inc. · in 49 casesdebtor: CanWest Aerospace Inc. and Can West Global Airparts Inc. · as of 8 Mar 2023 | $1.06K | Creditor List |
| 8 | Unsecured | Urban Aircraft Ltd. · in 2 casesdebtor: CanWest Aerospace Inc. and Can West Global Airparts Inc. · as of 8 Mar 2023 | $1K | Creditor List |
| 8 | Unsecured | BC Used Oil Management Associationdebtor: CanWest Aerospace Inc. and Can West Global Airparts Inc. · as of 8 Mar 2023 | $990 | Creditor List |
| 8 | Unsecured | Western Gasco Cylinders Ltd. · in 3 casesdebtor: CanWest Aerospace Inc. and Can West Global Airparts Inc. · as of 8 Mar 2023 | $964 | Creditor List |
| 8 | Unsecured | MMB Bearings · in 2 casesdebtor: CanWest Aerospace Inc. and Can West Global Airparts Inc. · as of 8 Mar 2023 | $926 | Creditor List |
| 8 | Unsecured | E3D Technology Corp · in 2 casesdebtor: CanWest Aerospace Inc. and Can West Global Airparts Inc. · as of 8 Mar 2023 | $893 | Creditor List |
| 8 | Unsecured | Spectrolab · in 2 casesdebtor: CanWest Aerospace Inc. and Can West Global Airparts Inc. · as of 8 Mar 2023 | $859 | Creditor List |
| 8 | Unsecured | Can West Global Airparts, Inc. · in 2 casesIntercompany claim (one of the two listed debtor entities appears as creditor of the other). — debtor: CanWest Aerospace Inc. and Can West Global Airparts Inc. · as of 8 Mar 2023 | $759 | Creditor List |
| 8 | Unsecured | Altech Anodizing ltd. · in 2 casesdebtor: CanWest Aerospace Inc. and Can West Global Airparts Inc. · as of 8 Mar 2023 | $709 | Creditor List |
| 8 | Unsecured | Precision Plating Ltd.debtor: CanWest Aerospace Inc. and Can West Global Airparts Inc. · as of 8 Mar 2023 | $667 | Creditor List |
| 8 | Unsecured | Kodiak Aerospace Vndr · in 2 casesdebtor: CanWest Aerospace Inc. and Can West Global Airparts Inc. · as of 8 Mar 2023 | $646 | Creditor List |
| 8 | Unsecured | Bear Crane Service Ltd · in 2 casesdebtor: CanWest Aerospace Inc. and Can West Global Airparts Inc. · as of 8 Mar 2023 | $630 | Creditor List |
| 8 | Unsecured | Jacobs Instruments & Sales, Inc. · in 2 casesdebtor: CanWest Aerospace Inc. and Can West Global Airparts Inc. · as of 8 Mar 2023 | $593 | Creditor List |
| 8 | Unsecured | GC Surplusdebtor: CanWest Aerospace Inc. and Can West Global Airparts Inc. · as of 8 Mar 2023 | $537 | Creditor List |
| 8 | Unsecured | ex-Change Parts AB · in 2 casesdebtor: CanWest Aerospace Inc. and Can West Global Airparts Inc. · as of 8 Mar 2023 | $500 | Creditor List |
| 8 | Unsecured | Air Comm Corporation · in 2 casesdebtor: CanWest Aerospace Inc. and Can West Global Airparts Inc. · as of 8 Mar 2023 | $490 | Creditor List |
| 8 | Unsecured | Costco Wholesaledebtor: CanWest Aerospace Inc. and Can West Global Airparts Inc. · as of 8 Mar 2023 | $476 | Creditor List |
| 8 | Unsecured | Accurate Accessories · in 2 casesdebtor: CanWest Aerospace Inc. and Can West Global Airparts Inc. · as of 8 Mar 2023 | $464 | Creditor List |
| 8 | Unsecured | Upward Packaging Inc. · in 2 casesdebtor: CanWest Aerospace Inc. and Can West Global Airparts Inc. · as of 8 Mar 2023 | $419 | Creditor List |
| 8 | Unsecured | Extreme Fire & Safety Ltd · in 2 casesdebtor: CanWest Aerospace Inc. and Can West Global Airparts Inc. · as of 8 Mar 2023 | $390 | Creditor List |
| 8 | Unsecured | Fortis BC - 3841880debtor: CanWest Aerospace Inc. and Can West Global Airparts Inc. · as of 8 Mar 2023 | $387 | Creditor List |
| 8 | Unsecured | Affordable Security Systems · in 2 casesdebtor: CanWest Aerospace Inc. and Can West Global Airparts Inc. · as of 8 Mar 2023 | $343 | Creditor List |
| 8 | Unsecured | GLODESI TECHNOLOGIES PRIVATE LIMITED · in 2 casesdebtor: CanWest Aerospace Inc. and Can West Global Airparts Inc. · as of 8 Mar 2023 | $323 | Creditor List |
| 8 | Unsecured | A.S.H. Machiningdebtor: CanWest Aerospace Inc. and Can West Global Airparts Inc. · as of 8 Mar 2023 | $315 | Creditor List |
| 8 | Unsecured | Waterlogic Canada Inc. · in 2 casesdebtor: CanWest Aerospace Inc. and Can West Global Airparts Inc. · as of 8 Mar 2023 | $272 | Creditor List |
| 8 | Unsecured | Acuren Group Inc · in 2 casesdebtor: CanWest Aerospace Inc. and Can West Global Airparts Inc. · as of 8 Mar 2023 | $270 | Creditor List |
| 8 | Unsecured | Avanti Aerospace & Engineering Inc · in 2 casesdebtor: CanWest Aerospace Inc. and Can West Global Airparts Inc. · as of 8 Mar 2023 | $263 | Creditor List |
| 8 | Unsecured | SS Laser Tech (FV) Ltd. · in 3 casesdebtor: CanWest Aerospace Inc. and Can West Global Airparts Inc. · as of 8 Mar 2023 | $250 | Creditor List |
| 8 | Unsecured | Erickson Air-Crane Inc.debtor: CanWest Aerospace Inc. and Can West Global Airparts Inc. · as of 8 Mar 2023 | $238 | Creditor List |
| 8 | Unsecured | Concept Finishes · in 2 casesdebtor: CanWest Aerospace Inc. and Can West Global Airparts Inc. · as of 8 Mar 2023 | $224 | Creditor List |
| 8 | Unsecured | Treefrog Digital LTD · in 2 casesdebtor: CanWest Aerospace Inc. and Can West Global Airparts Inc. · as of 8 Mar 2023 | $205 | Creditor List |
| 8 | Unsecured | Horizon Paint & Auto Body · in 2 casesdebtor: CanWest Aerospace Inc. and Can West Global Airparts Inc. · as of 8 Mar 2023 | $203 | Creditor List |
| 8 | Unsecured | Erikon Welding Ltd. · in 2 casesdebtor: CanWest Aerospace Inc. and Can West Global Airparts Inc. · as of 8 Mar 2023 | $189 | Creditor List |
| 8 | Unsecured | Fedex Freight Canada · in 4 casesdebtor: CanWest Aerospace Inc. and Can West Global Airparts Inc. · as of 8 Mar 2023 | $155 | Creditor List |
| 8 | Unsecured | Frederickson Graphics Inc. · in 3 casesdebtor: CanWest Aerospace Inc. and Can West Global Airparts Inc. · as of 8 Mar 2023 | $123 | Creditor List |
| 8 | Unsecured | Export Development Canada · in 99 casesAmount listed as 'Unknown' in the creditor listing. — debtor: CanWest Aerospace Inc. and Can West Global Airparts Inc. · as of 8 Mar 2023 | — | Creditor List |
“not stated” means the record names the claim without a figure; “—” means not in the extracted record.
Sale processAs stated in the filings
2 transactions · 1 not completed · 1 closed — Original SPA purchaser failed to close; receiver appointed and has now closed a sale of the Petitioners' assetsEighth Report of the Monitor · 13 Dec 2024
| Purchaser | Price | Status | Source |
|---|---|---|---|
| MAR ONE Aviation, L.L.C.Purchased Assets described in the Share Purchase Agreement · share sale · agreement 23 Apr 2023 | $225KDeposit of $225,000 to be applied against the purchase price on closing | Not completeddate not stated | Eighth Report of the Monitor |
| purchaser of the Petitioners' assets in the receiver's sale, unnamedthe Petitioners' assets · asset sale | not stated | Closeddate not stated | Eighth Report of the Monitor |
Closing termsVesting occurs upon delivery by the Monitor to the Purchaser of the Monitor's Certificate confirming completion of the Share Purchase TransactionApproval and Vesting Order
RecoveriesAs stated in the filings
Unsecured creditors: 4.5–5 % of proven claims. Crown paid in full · BDC $45K · Royal Bank of Canada short by $1.91M.EstimatedSixth Report of the Monitor · 16 Jun 2023
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Deemed trust | Crown | — | paid in full | Under the plansanctionedper the debtor | Plan of Compromise and Arrangement · 4 May 2023 |
| Secured | — | — | a distributionconditional | Under the plansanctionedper the debtor | Plan of Compromise and Arrangement · 4 May 2023 |
| Secured | BDC | — | $45K | Under the plansanctionedper the monitor | Monitor's Report on the Proposal · 16 Jun 2023 |
| Secured | Royal Bank of Canada | $2.06Mlisted | short by $1.91M | — | Sixth Report of the Monitor · 16 Jun 2023 |
| Unsecured | — | — | 4.5–5 %of proven claims | Estimatedper the monitor | Sixth Report of the Monitor · 16 Jun 2023 |
Each row is one filing's statement, copied as it reads and never computed. "Estimated" is the officer's forecast; "Under the plan" is the plan's or proposal's own term; "Final" is a declared or paid distribution; a row with no chip states no footing. A range is the two numbers stated; "of proven claims" is the document's own denominator.
Fees and ratesAs stated in the filings
8 engagements · 4 firms — latest: DLA Piper (Canada) LLP, 16 Mar 2023 – 31 Aug 2024, $70,888.50 in feesAffidavit #1 of Dannis Yang · 13 Dec 2024
| Firm | Period | Hours | Fees | Rates | Source | |||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Clark Wilson LLPCounsel to the debtor | — | — | $186,954.73ex. tax | not stated | Affidavit #1 of Colin Brousson · 13 Dec 2024 | |||||||||||||||||||||||||||||||||||
| DLA Piper (Canada) LLPCounsel to the monitorperiod 2 of 2 | 16 Mar 2023 – 31 Aug 2024 | 107.7 | $70,888.50ex. tax | $95 – $7504 people | Affidavit #1 of Dannis Yang · 13 Dec 2024 | |||||||||||||||||||||||||||||||||||
4 people — DLA Piper (Canada) LLP, 16 Mar 2023 – 31 Aug 2024
| ||||||||||||||||||||||||||||||||||||||||
| DLA Piper (Canada) LLPCounsel to the monitorperiod 1 of 2 | 16 Mar 2023 – 31 May 2024 | 82.3 | $57,425.00ex. tax | $95 – $7503 people | Affidavit #1 of Colin Brousson · 13 Dec 2024 | |||||||||||||||||||||||||||||||||||
3 people — DLA Piper (Canada) LLP, 16 Mar 2023 – 31 May 2024
| ||||||||||||||||||||||||||||||||||||||||
| FTI Consulting Canada Inc.Monitorperiod 4 of 4 | 1 Mar 2023 – 30 Jun 2024 | 361.8 | $205,940.00 | not stated | Eighth Report of the Monitor · 13 Dec 2024 | |||||||||||||||||||||||||||||||||||
| FTI Consulting Canada Inc.Monitorperiod 3 of 4 | to 30 Apr 2023 | 56.8 | $31,465.00ex. tax | $125 – $7003 people | Eighth Report of the Monitor · 13 Dec 2024 | |||||||||||||||||||||||||||||||||||
3 people — FTI Consulting Canada Inc., to 30 Apr 2023
| ||||||||||||||||||||||||||||||||||||||||
| FTI Consulting Canada Inc.Monitorperiod 2 of 4 | to 31 Mar 2023 | 86 | $48,792.50ex. tax | $125 – $7005 people | Eighth Report of the Monitor · 13 Dec 2024 | |||||||||||||||||||||||||||||||||||
5 people — FTI Consulting Canada Inc., to 31 Mar 2023
| ||||||||||||||||||||||||||||||||||||||||
| FTI Consulting Canada Inc.Monitorperiod 1 of 4 | — | — | $196,630.00ex. tax | not stated | Affidavit #1 of Colin Brousson · 13 Dec 2024 | |||||||||||||||||||||||||||||||||||
| Monitor's legal counselCounsel to the monitorfirm not named in the heading | 1 Mar 2023 – 30 Jun 2024 | — | $70,888.50 | not stated | Eighth Report of the Monitor · 13 Dec 2024 | |||||||||||||||||||||||||||||||||||
Top rate $750 · 40th percentile of counsel rates, 2024 · of 76
Estate financialsReported figures — never derived
Cumulative receipts
$381K
As at 18 Jun 2023Fifth Report of the Monitor
Cumulative disbursements
$426K
As at 18 Jun 2023Fifth Report of the Monitor
Cash on hand
$14K
As at 5 Jul 2023Seventh Report of the Monitor
Professional fees to date
$206K
As at 13 Dec 2024Eighth Report of the Monitor
Documents
51 filings
| Date | Document | File |
|---|---|---|
| Order | ||
Affidavit #1 of Colin Brousson
| ||
Affidavit #1 of Dannis Yang
| ||
Eighth Report of the Monitor
| ||
| Notice of Application | ||
Receivership Order
| ||
| Affidavit #3 of Mark Kemp-Gee | ||
| Requisition to re-set hearing to August 29, 2023 | ||
Approval and Vesting Order
| ||
Seventh Report of the Monitor
| ||
Sixth Report of the Monitor
| ||
| First Amended and Restated Plan of Compromise and Arrangement | ||
| Stay Extension Order | ||
Fifth Report of the Monitor
| ||
Monitor's Report on the Proposal
| ||
| Notice of Creditors Meeting, Meeting Protocol, Proxy, and Plan Resolution | ||
| Notice to Creditors - CWA re meeting postponement June 15, 2023 | ||
| Notice to Creditors - CWA re meeting postponement | ||
| Sanction Order | ||
Service List
| ||
| Affidavit #5 of Thomas Jackson | ||
Order (Access to Langley Premises)
| ||
| Order (Return of Property) | ||
Order for Increase in the Administration Charge
| ||
| Claims Instruction Letter | ||
Claims Order Process
| ||
| Claims Process Notice | ||
| Notice of Dispute | ||
| Notice of Revision or Disallowance | ||
| Proof of Claim Form | ||
Suppliment to the Fourth Report of the Monitor
| ||
Claims Process Order
| ||
Fourth Report of the Monitor
| ||
Meeting and Process Order
| ||
Order For Extension of Stay, Increase in the Administration Charge, and Payment of Deposit
| ||
Plan of Compromise and Arrangement
| ||
| Affidavit #4 of Thomas Jackson | ||
Order (Approval of SPA and Extension of Stay)
| ||
Stay Extention Order
| ||
| Second Report of the Monitor | ||
| Amended and Restated Initial Order | ||
| First Report of the Monitor | ||
| Affidavit #2 of Mark Kemp-Gee | ||
| Affidavit #3 of Thomas Jackson | ||
Creditor List
| ||
| Notice to Creditors | ||
Initial Order
| ||
| Affidavit #1 of Mark Kemp-Gee | ||
| Affidavit #2 of Thomas Jackson | ||
| Affidavit #1 of Thomas Jackson | ||
| Third Report of the Monitor | ||
Filing titles, dates, and extracted key facts are public.
CiteProceedings., “CanWest Aerospace Inc.” (CCAA), Supreme Court of British Columbia. Retrieved 20 September 2026, https://proceedings.ca/case/canwest-aerospace-inc