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Hudson’s Bay Battles Lender Over Ruby Liu Lease Deal in Ontario Court

Hudson’s Bay Co. is pushing back against a motion filed by its senior lender, Restore Capital LLC, which seeks to terminate a controversial lease sale to billionaire Ruby Liu. The retailer has asked the Ontario Superior Court to dismiss the motion, arguing that the deal represents its best chance to recover funds for creditors amid its ongoing liquidation. The dispute centers on Hudson’s Bay’s plan to sell up to 28 store leases—25 of which remain pending court and landlord approval—to Liu’s company, Central Walk. While three leases have already been approved for $6 million, Restore claims the remaining transaction is draining resources, citing over $18 million in rent and professional fees with no clear path to completion. Hudson’s Bay CFO Michael Culhane defended the deal, stating that Restore was fully aware of the risks and had previously supported the transaction. He emphasized that Liu has already made a $9.4 million deposit and that the sale could generate significant recoveries ...
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Air India CEO Urges Caution as Ahmedabad Crash Probe Deepens

Air India CEO Campbell Wilson has stated that the preliminary investigation into the tragic crash of flight AI171 in Ahmedabad, which claimed 260 lives, has opened up new questions rather than providing definitive answers. In a memo to staff, Wilson emphasized that the probe is “far from over” and cautioned against drawing premature conclusions.

The Aircraft Accident Investigation Bureau (AAIB) report revealed that both fuel cutoff switches flipped shortly after takeoff, starving the engines of fuel. Confusion in the cockpit was evident, with one pilot reportedly asking the other why the fuel was cut off—only to be met with denial. Despite this, the report found no mechanical or maintenance faults with the Boeing 787 Dreamliner, and all mandatory checks had been completed.

Wilson defended the crew, noting that both pilots had passed pre-flight breathalyser tests and had no medical issues. He also confirmed that the airline’s entire 787 fleet was inspected following the crash and deemed fit for service.

Pilot associations have rejected suggestions of human error, calling for a transparent and fact-based inquiry. Meanwhile, grieving families continue to demand clarity and accountability, expressing dissatisfaction with the preliminary findings.

As speculation swirls, Wilson urged focus on supporting the bereaved and maintaining safety standards, reiterating Air India’s commitment to cooperate fully with investigators.

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