Search found 442 matches

by Realitychex
Tue Nov 05, 2019 9:30 pm
Forum: Flair Airlines
Topic: Flairs troubles......
Replies: 19
Views: 3424

Re: Flairs troubles......

If they bought them outright and now plan on retiring the lot this quickly, that’s gonna be a nasty accelerated depreciation hit on the books. If they had planned to switch to NG’s this quickly in the program, they should have maintained the operational and financial flexibility of operating leases....
by Realitychex
Tue Oct 29, 2019 7:59 am
Forum: Flair Airlines
Topic: Flairs troubles......
Replies: 19
Views: 3424

Re: Flairs troubles......

Now I'm confused. Doesn't kelowna own flair??? Flair (Flightcraft Air?) was never officially owned by KFC, however JR was the former principal owner. I’m pretty sure BL owns most if not all of the 737-400 fleet and supplies maintenance services and other key flight ops and backroom functions. Outsi...
by Realitychex
Fri Oct 25, 2019 10:01 am
Forum: WestJet
Topic: ONEX plans
Replies: 141
Views: 28120

Re: ONEX plans

I tend to generally agree with Fanblade's assessment of C3000's collapse. C3000 were well on their way to failure long before Tango made an appearance in the market or the impact of 9/11. C3000 tried to leap frog what WJ had built slowly, steadily and organically since late Feb 1996 by cobbling toge...
by Realitychex
Thu Oct 24, 2019 9:53 am
Forum: Flair Airlines
Topic: Flairs troubles......
Replies: 19
Views: 3424

Flairs troubles......

https://globalnews.ca/news/6075195/b-c-supreme-court-kelowna-flightcraft-flair-airlines/ Not a good sign that Flair was in serious arrears over a paltry $50,000 per month dispatch contract during peak summer when they should have been printing cash. I would imagine they're on close to a "no cash, no...
by Realitychex
Thu Oct 24, 2019 9:36 am
Forum: WestJet
Topic: ONEX plans
Replies: 141
Views: 28120

Re: ONEX plans

But realitychex said airline within an airline NEVER works. The airline within an airline concept, operated in the historically traditional manner, has never really worked. They simply cannibalize the mothership’s business, overlapping routes and watering down the brand, which drives the ability to...
by Realitychex
Sun Sep 29, 2019 11:43 am
Forum: WestJet
Topic: Sunwing hires Swoop
Replies: 52
Views: 8426

Re: Sunwing hires Swoop

Memories and timeline history sure fade over time.......... Not sure now load info, without corresponding yield info, acquired by an overactive automated program designed by a bored, under employed computer programmer, over a 9 month window beginning in the fall of 2002 had any bearing on the develo...
by Realitychex
Mon Jun 11, 2018 1:18 pm
Forum: WestJet
Topic: They were going to lock everyone out and shut the doors?
Replies: 81
Views: 14323

Re: They were going to lock everyone out and shut the doors?

Wow. I don't know where to start, but suffice it is to say that your understanding of the bigger picture is severely limited. The goal of WJ is to get bigger and bigger as time goes on and to ensure everyone involved is happy, motivated and rowing in the same direction. Any thoughts that there is so...
by Realitychex
Fri Jun 08, 2018 8:16 am
Forum: WestJet
Topic: They were going to lock everyone out and shut the doors?
Replies: 81
Views: 14323

Re: They were going to lock everyone out and shut the doors?

Not a good time.... Yeah, airlines are doing terrible these days...if we all just flew for nothing then they could really pull through these lean times Who ever said you'd be flying for nothing? You tell me: What sort of T4 - total comp - would you realistically expect to see Captains and FO's earn...
by Realitychex
Thu Jun 07, 2018 8:03 am
Forum: WestJet
Topic: They were going to lock everyone out and shut the doors?
Replies: 81
Views: 14323

Re: They were going to lock everyone out and shut the doors?

Say what you will about CB, but having known him since well before WJ was a glint in anyone’s eye, I’ll 100% guarantee he wasn’t blowing smoke. For better or for worse, he completely dominates the board. What he wants, he gets. Very few of the current pilot group were there, but the precedent was se...
by Realitychex
Sun Apr 15, 2018 1:49 pm
Forum: WestJet
Topic: Everyday at WJ : union busting
Replies: 136
Views: 29234

Re: Everyday at WJ : union busting

Realitychex is just a shill for the remaining founding member. You can rest assured that although 3 of the four founders chat fairly regularly, there has been no dialog beyond pleasantries between those three and the other in a very, very long time. Unfortunately, I don't anticipate that changing a...
by Realitychex
Sat Apr 14, 2018 9:40 am
Forum: WestJet
Topic: Everyday at WJ : union busting
Replies: 136
Views: 29234

Re: Everyday at WJ : union busting

One thing I don't understand is why a highly profitable airline needs to pay only the pilots less to be viable. Mechanics, management, etc. all get the normal rates. It's mighty suspicious too that it's all timed with the union drive, certification and contract negotiations. Smells a lot like union...
by Realitychex
Fri Apr 13, 2018 6:42 pm
Forum: WestJet
Topic: Everyday at WJ : union busting
Replies: 136
Views: 29234

Re: Everyday at WJ : union busting

Westjet is not going to pay Swoop pilots over twice the hourly rate that Flair and other entrants are paying. Maybe we could get Swoop close to what our current rates are and then start working on what we really want which an improvement to mainline WAWON - specifically, schedules and cash in jeans...
by Realitychex
Fri Apr 13, 2018 4:57 pm
Forum: WestJet
Topic: Everyday at WJ : union busting
Replies: 136
Views: 29234

Re: Everyday at WJ : union busting

Sometimes a spade needs to be called a shovel.
by Realitychex
Fri Apr 13, 2018 4:51 pm
Forum: WestJet
Topic: Everyday at WJ : union busting
Replies: 136
Views: 29234

Re: Everyday at WJ : union busting

If you want to earn US style wages, then figure out how 100% of WS's income can be earned in US$ and how WS can operate based out of the US with US costs and US levels of taxation, (at all levels), rather than Canadian levels of taxation and the issues the high levels of taxation cause. Have you che...
by Realitychex
Fri Apr 13, 2018 8:20 am
Forum: WestJet
Topic: Everyday at WJ : union busting
Replies: 136
Views: 29234

Re: Everyday at WJ : union busting

Flair just announced a raft of expansion to YYJ, YXE, YYC, YVR, YXS etc. You folks need to quit fiddling as Rome begins to burn and give the company the tools it needs to decisively deal with this very real threat to your careers. If it’s not Flair, it’ll be someone else. You want to protect your fu...
by Realitychex
Sat Apr 07, 2018 4:13 pm
Forum: General Airline Industry Comments
Topic: Jetlines launch delayed
Replies: 15
Views: 6522

Re: Jetlines launch delayed

According to the securities regulator, as of April 6 2018, Jetlines has yet to issue its 4th quarter financial results. No financial information has been provided since the 3Q MD&A was published on SEDAR on Nov 28th 2017, for the quarter ended Sept 30 2017. The only information since then have been ...
by Realitychex
Thu Mar 22, 2018 8:50 am
Forum: General Airline Industry Comments
Topic: Jetlines launch delayed
Replies: 15
Views: 6522

Re: Jetlines launch delayed

Jetlines, (known as Jetballs to industry insiders, probably more a play on the term “jackballs”, than any reference to anatomy), is a publicly traded company. As a result, the Canadian Securities regulator requires Jetlines, who’s penny stock trades as JET, to disclose all material news and transact...
by Realitychex
Sun Mar 18, 2018 12:40 pm
Forum: General Airline Industry Comments
Topic: Jetlines launch delayed
Replies: 15
Views: 6522

Re: Jetlines launch delayed

I guess this was more Jetballs BS: https://www.flightglobal.com/news/articles/canadas-jetlines-signs-deal-to-lease-two-737-800s-440925/ Last I checked, lessors rarely leased assets to ventures / individuals with no visible means of being able to pay for them. Put it another way. If Jetballs had the ...
by Realitychex
Sat Mar 03, 2018 10:47 am
Forum: WestJet
Topic: Gregg Saretsky is the modern Frank Lorenzo
Replies: 100
Views: 19479

Re: Gregg Saretsky is the modern Frank Lorenzo

I guess I'm in lala land. Rather than an opportunity for a ULCC in Canada your post seems to indicate that it isn't possible. Jetsgo, failed Other potential entrants "can't get their poop in a group". You then refer to a vague threat of WJA 2.0 "with bright energetic guys like WJ 1.0" but fail to r...
by Realitychex
Fri Mar 02, 2018 11:52 am
Forum: WestJet
Topic: Gregg Saretsky is the modern Frank Lorenzo
Replies: 100
Views: 19479

Re: Gregg Saretsky is the modern Frank Lorenzo

You are in la la land if you don't think there's an opportunity for a ULCC in Canada. Is it as big an opportunity as the opportunity WJ had to exploit a void in 1996? Probably not. But it's there and WJ needs to absolutely dominate and control it in order to protect the larger franchise. Take a qui...
by Realitychex
Tue Feb 27, 2018 10:48 am
Forum: WestJet
Topic: Gregg Saretsky is the modern Frank Lorenzo
Replies: 100
Views: 19479

Re: Gregg Saretsky is the modern Frank Lorenzo

You are in la la land if you don't think there's an opportunity for a ULCC in Canada. Is it as big an opportunity as the opportunity WJ had to exploit a void in 1996? Probably not. But it's there and WJ needs to absolutely dominate and control it in order to protect the larger franchise. Take a quic...
by Realitychex
Fri Feb 02, 2018 10:10 am
Forum: General Airline Industry Comments
Topic: Flair in YYZ/YVR
Replies: 25
Views: 6926

Re: Flair in YYZ/YVR

You think Flair, and all the others, haven’t been beating the bushes everywhere looking for investors for the past 18 months?

Now that Swoop has launched, would you invest in Flair or any of the others?

8)
by Realitychex
Tue Jan 30, 2018 10:19 pm
Forum: General Airline Industry Comments
Topic: Flair in YYZ/YVR
Replies: 25
Views: 6926

Re: Flair in YYZ/YVR

Running 20 year old 737-400’s with 156 seats head to head with Swoops 3 year old, 189 seat -800’s is a hopelessly flawed plan. Even with zero monthly lease payments, (and the owner of those -400’s didn’t buy those birds and put them into service with the idea of getting no return on his investment),...
by Realitychex
Wed Jan 17, 2018 5:35 am
Forum: WestJet
Topic: Swoop pilot hiring.
Replies: 190
Views: 32441

Re: Swoop pilot hiring.

The modelled avg pay is higher than these rates. Before continuing the discussion, most followers of this thread should spend the time to read and fully digest this document: https://raymondjames.bluematrix.com/sellside/EmailDocViewer?encrypt=9bcebab0-2bf3-4ed6-84f8-3debba1e5bc8&mime=pdf&co=RaymondJ...

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