But in a terse midnight statement it said it would "cease flying operation effective Nov. 9, 2001."
Canada 3000 shares plunged 66 percent to close at C$1.05 on Friday, down from C$3.11 on Tuesday. It was the fourth most active issue on the Toronto Stock Exchange. Trading in the stock had been suspended on Wednesday and Thursday.
Canada 3000, which began in 1988 as a charter airline, carried more than five million passengers a year. It offered low-price seats within Canada as well as international flights to Europe, and vacation spots in Florida and the Caribbean.
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