http://www.newsmax.com/archives/articles/2004/1/6/174054.shtml "Airline Insecurity: Red Skies in Canada"
Charles R. Smith
Tuesday, Jan. 6, 2004
ARTICLE SNIPPET: "There is a great deal of security concern over who is flying on foreign airliners bound for the United States. However, there seems to be little if any security concern over the ownership of foreign airlines. Victor Li, son of the famed Chinese billionaire Li Ka-shing, is poised to take control of Canada's flag airline, Air Canada, by plunking down more than a half billion dollars.
Victor Li holds a dual Canadian-Chinese citizenship, which entitles him to buy as much as 31 percent of Air Canada and appoint five of Air Canada's board of directors.
His offer has a great deal of appeal to the bankrupt airline. The restructuring deal gives $450 million in shares to Air Canada's creditors.
Li's offer also cuts out Air Canada's other investors, leaving them only a fraction of a percent of the airline.
The biggest problem with Victor Li is his close working and financial relationship with his father. The Li family was the subject of a massive Canadian intelligence and RCMP probe, Project Sidewinder. The final report, "Chinese Intelligence Services and Triads Financial Links in Canada," concluded that Li Ka-shing is closely associated with the Chinese government."
Re:
http://www.freerepublic.com/focus/news/1013726/posts?page=9643#9643 "However, there seems to be little if any security concern over the ownership of foreign airlines. Victor Li, son of the famed Chinese billionaire Li Ka-shing, is poised to take control of Canada's flag airline, Air Canada, by plunking down more than a half billion dollars. "
PTTTTT, don't I remember seeing this name involved with Global Crossings?
>>>Victor Li holds a dual Canadian-Chinese citizenship, which entitles him to buy as much as 31 percent of Air Canada and appoint five of Air Canada's board of directors.
YUP! He is involved with buying Global Crossings too!
http://www.taipeitimes.com/News/biz/archives/2003/03/03/196623 Victor Li, born in southern China, US government officials are concerned about "communist" influence on Global Crossing Ltd, a bankrupt communications network operator that Hutchison and Singapore Technologies Telemedia Pte agreed to buy.