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I've always been told they were named after the Avro Arrow. I don't know though, how the Arrow's saga fits in with Winnipeg specifically.

Name hasn't been decided yet, but it sounds like Thrashers is out (Atlanta Spirit Ownership Group kept the name).
Here's an article from a local paper:

What

Sounds like Jets, Falcons, Polar...

Well, word on the radio is that the deal is done. True North Sports Entertainment (the guys wanting to bring the Thrashers to Winnipeg) have called a news conference for 11am today (just under 3...

Well, for an NHL city, 700,000 is definately small, especially as there are no other relatively large centers nearby. You could drive 8 hrs east or west before hitting anything with a population...

Yes, Winnipeg is quite small, about 700,000.
Can a team here be profitable? I think Mark summed it up pretty acurately a few posts back. I read or heard a few days ago (I wish I remember where)...