Porter Airlines denies report it's shopping for a buyer

The company that operates Toronto-based Porter Airlines has denied a report that it is looking for a buyer. The Globe and Mail, citing "people familiar with the plans," reported Tuesday that the search process is underway and there is no guarantee it will result in a deal. The paper said the company's financial backers "have been actively looking for an exit strategy through a sale." (www.cbc.ca) More...