Search found 386 matches

by TFTMB heavy
Mon Feb 22, 2021 8:46 am
Forum: Air Transat
Topic: AC/TRZ Transaction Approved by TC - $5 per Share
Replies: 1679
Views: 199877

Re: AC/TRZ Transaction Approved by TC - $5 per Share

There is no comparison between the AC/CDN merger scenario circa 2001 and the AC/TRZ merger scenario circa 2021. AC was in no win situation vis-a-vis CDN. AC would have suffered financially with continued competition against a wounded CDN, and ended up suffering by virtue of the consolidated balance...
by TFTMB heavy
Mon Feb 22, 2021 7:45 am
Forum: Air Transat
Topic: AC/TRZ Transaction Approved by TC - $5 per Share
Replies: 1679
Views: 199877

Re: AC/TRZ Transaction Approved by TC - $5 per Share

Do any of you ever take a step back and look at the behaviour of “professional pilots” when we talk about employers? The tribalism is disgusting, especially because these companies, at the end of the day, really don’t give a shit about any of us. They’re going to do what’s best for them, not us. Th...
by TFTMB heavy
Sun Feb 21, 2021 10:58 am
Forum: Air Transat
Topic: AC/TRZ Transaction Approved by TC - $5 per Share
Replies: 1679
Views: 199877

Re: AC/TRZ Transaction Approved by TC - $5 per Share

I think what most are forgetting is the foreign threat for Canadian airlines. It's well know by management that foreign airlines pre-pandemic were gunning for AC. Now with these airlines having received funding AC is in a worse position than pre-pandemic (I know TS is also but that's not the point)....
by TFTMB heavy
Sat Feb 20, 2021 7:34 pm
Forum: Air Transat
Topic: AC/TRZ Transaction Approved by TC - $5 per Share
Replies: 1679
Views: 199877

Re: AC/TRZ Transaction Approved by TC - $5 per Share

11. Maintenance in Canada Within one year following Closing, Air Canada shall negotiate, in good faith, and agree to enter into the agreements contemplated in the letter of intent between Air Canada and Avianor dated September 10, 2019 and the letter of intent between Air Canada and AAR dated Febru...
by TFTMB heavy
Fri Feb 19, 2021 6:05 am
Forum: Air Transat
Topic: AC/TRZ Transaction Approved by TC - $5 per Share
Replies: 1679
Views: 199877

Re: AC/TRZ Transaction Approved by TC - $5 per Share

AC can live without TRZ. The question is whether it wants to. I think AC has already answered that question. AC still wants Transat. It’s pretty clear to me at least. Although some suggest the conditions from the government are onerous, I didn’t here one complaint from AC when the approval was rele...
by TFTMB heavy
Thu Feb 18, 2021 6:07 am
Forum: Air Transat
Topic: AC/TRZ Transaction Approved by TC - $5 per Share
Replies: 1679
Views: 199877

Re: AC/TRZ Transaction Approved by TC - $5 per Share

AC is obviously trying to examine the balance sheet that it is accepting responsibility for at TRZ. It won’t be the one contemplated in the original purchase agreement. It won’t be the one contemplated by the revised purchase agreement either. AC will want to see what Federal financial aid will be ...
by TFTMB heavy
Wed Feb 17, 2021 9:14 am
Forum: Air Transat
Topic: AC/TRZ Transaction Approved by TC - $5 per Share
Replies: 1679
Views: 199877

Re: AC/TRZ Transaction Approved by TC - $5 per Share

This could be the or part of the reason AC has not extended the deadline, why would they tie their hands together without having finished negotiated this terms? 15. Implementation of the Terms and Conditions (a) Air Canada and Transat shall not complete the Transaction until Her Majesty and Air Cana...
by TFTMB heavy
Sat Feb 06, 2021 8:35 pm
Forum: Air Transat
Topic: AC/TRZ Transaction Approved by TC - $5 per Share
Replies: 1679
Views: 199877

Re: Air Canada and Transat announce Updated Purchase Price at $5 per share

Is it true that the their is a deadline of Feb 15th to receive approval, after that, Air Canada can cancel the deal ? That's the way I understand it as well, without paying any termination fees. However both parties can also agree to extend this deal beyond the Feb 15th deadline. I expect some news...
by TFTMB heavy
Tue Oct 20, 2020 10:46 am
Forum: Air Transat
Topic: AC/TRZ Transaction Approved by TC - $5 per Share
Replies: 1679
Views: 199877

Re: Air Canada and Transat announce Updated Purchase Price at $5 per share

What is the wording on the percentage of Transat flying conducted by Air Transat in your scope? As was pointed out also, a not insignificant part of Transat AT flying was done by other airlines, not Air Transat... Westjet, Canjet, German wet leases, TFWs, etc... how does that work? I'm also curious...
by TFTMB heavy
Mon Oct 19, 2020 2:01 pm
Forum: Air Transat
Topic: AC/TRZ Transaction Approved by TC - $5 per Share
Replies: 1679
Views: 199877

Re: Air Canada and Transat announce Updated Purchase Price at $5 per share

Saying Transat’s aircraft Is part of the brand is like saying the logistics division of Walmart is part of its brand. The Transat brand is all about the destination and price and has very little to do about the seat you sit in to get you there. Economies of scale will determine what and how much of...
by TFTMB heavy
Sun Oct 18, 2020 4:46 pm
Forum: Air Transat
Topic: AC/TRZ Transaction Approved by TC - $5 per Share
Replies: 1679
Views: 199877

Re: Air Canada and Transat announce Updated Purchase Price at $5 per share

We got a memo from the union about it; and all domestic flights suddenly showed 0 pax in our system although they were showing 75% full. No more info. Hence my question? Is there any provision in the CBA pertaining to transat passengers flown on transat metal? A percentage of all flights sold by TS...
by TFTMB heavy
Sun Oct 18, 2020 2:43 pm
Forum: Air Transat
Topic: AC/TRZ Transaction Approved by TC - $5 per Share
Replies: 1679
Views: 199877

Re: Air Canada and Transat announce Updated Purchase Price at $5 per share

I don't see an attitude that thinks they're better, I see an attitude that doesn't acknowledge a reasonably good deal for them at the cost of the other guys. It's not our deal, but it only has a negative affect on one group... just is what it is... I don't have to like it though. This is the part t...
by TFTMB heavy
Sun Oct 18, 2020 6:42 am
Forum: Air Transat
Topic: AC/TRZ Transaction Approved by TC - $5 per Share
Replies: 1679
Views: 199877

Re: Air Canada and Transat announce Updated Purchase Price at $5 per share

I don't see an attitude that thinks they're better, I see an attitude that doesn't acknowledge a reasonably good deal for them at the cost of the other guys. It's not our deal, but it only has a negative affect on one group... just is what it is... I don't have to like it though. This is the part t...
by TFTMB heavy
Fri Oct 16, 2020 4:28 pm
Forum: Air Transat
Topic: AC/TRZ Transaction Approved by TC - $5 per Share
Replies: 1679
Views: 199877

Re: Air Canada and Transat announce Updated Purchase Price at $5 per share

Everyone's going to advocate for what's best for their side. That's a fact. I think it's funny you guys insult people over it... you don't have to accept it, and it doesn't add up to a hill of beans, but why the insults? Just like TS guys want to come across as far up the list as they can, AC guys ...
by TFTMB heavy
Fri Oct 16, 2020 4:24 pm
Forum: Air Canada
Topic: Calin is retiring February 2021
Replies: 45
Views: 9219

Re: Calin is retiring February 2021

AC is still a target for other major airlines that have had government support, even with all the raised capital they need butts in seats and TS can provide that. [/quote] Yes that’s next at some point. However, it’s limited to the 49% ownership rule. [/quote] I don't mean that AC is an acquisition...
by TFTMB heavy
Fri Oct 16, 2020 3:32 pm
Forum: Air Transat
Topic: AC/TRZ Transaction Approved by TC - $5 per Share
Replies: 1679
Views: 199877

Re: Air Canada and Transat announce Updated Purchase Price at $5 per share

To put a different spin on this deal, in Spittin' Chiclets parlance, this deal would make AC a WAGON...and its pilots should get PAID. It's easy for everyone to think about what they stand to loose with a merger but there could be a tremendous upside too. A bunch of leased airplanes aren't worth mu...
by TFTMB heavy
Fri Oct 16, 2020 10:29 am
Forum: Air Transat
Topic: AC/TRZ Transaction Approved by TC - $5 per Share
Replies: 1679
Views: 199877

Re: Air Canada and Transat announce Updated Purchase Price at $5 per share

I don't consider myself as an entitled piece of shit...we are all just trying to protect or hold on to our careers and career choices. Reading through the old and new ac pilot forums, I would say the proposition or "my crack" at what a merged list would look like is not that bad! A lot of...
by TFTMB heavy
Fri Oct 16, 2020 8:35 am
Forum: Air Transat
Topic: AC/TRZ Transaction Approved by TC - $5 per Share
Replies: 1679
Views: 199877

Re: Air Canada and Transat announce Updated Purchase Price at $5 per share

27 Tails X 9 full crews per tail is 486 pilots. Transat is bringing work for 486 pilots but is showing up on the property with 650-680... Tell me how those 200 pilots that are extra shouldn't go BOTL? Tell me how that is fantasy? This isn't an extreme propisition, it's only fair to both parties. Th...
by TFTMB heavy
Fri Oct 16, 2020 8:30 am
Forum: Air Canada
Topic: Calin is retiring February 2021
Replies: 45
Views: 9219

Re: Calin is retiring February 2021

I really hope this Transat deal actually makes sense and is not part of some egotistical "legacy". For all intents and purposes, AC is getting TRZ for free. This is a partial stock swap transaction. The majority of TRZ debt is TS aircraft operating leases. TRZ (not the airline) has proper...
by TFTMB heavy
Thu Oct 15, 2020 4:38 pm
Forum: Air Transat
Topic: AC/TRZ Transaction Approved by TC - $5 per Share
Replies: 1679
Views: 199877

Re: Air Canada and Transat announce Updated Purchase Price at $5 per share

We should or the arbitrator should figure out exactly how many tails Transat is bringing over. Mike Rousseau clearly said, some trimmimg of the Transat fleet will be required. We can expect the 310s and the 737s are game over. Figure out how many pilots are required to operate that exact amount of ...

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