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Air Canada
Symbol AC
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Close 2023-11-17 C$ 17.89
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Globe says Air Canada fires back at Brink's over theft

2023-11-20 09:10 ET - In the News

The Globe and Mail reports in its Monday edition that Air Canada is fighting back in a legal battle with Brink's over the theft of $23.7-million in gold and cash, denying it bears any responsibility for the heist from its warehouse at the Toronto airport. The Globe's Eric Atkins writes that the airline flew the cargo -- $21-million in 24 gold bars and $2.7-million in cash -- to Toronto from Zurich on April 17. Less than an hour after the cargo was moved to Air Canada's warehouse next to the airport, someone made off with it. The case is unsolved. Brink's, which paid Air Canada to ship the cargo on behalf of clients, in October sued Air Canada for the value of the stolen property plus damages. Brink's alleges Air Canada's secure warehouse was anything but, and that the thief used fake paperwork to claim the cash and gold. Air Canada, in its statement of defence filed on Nov. 8, said it fulfilled its contracts to carry the goods by air, and "denies each and every allegation" made by Brink's. Brink's did not enter a value of the shipment on customs document, nor on the waybills, Air Canada alleges. Brink's paid a standard shipping for the service, and might not have obtained insurance, Air Canada said.

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