Search found 340 matches

by TFTMB heavy
Thu May 14, 2020 5:36 am
Forum: Air Transat
Topic: Air Transat Ferry flights
Replies: 39
Views: 4563

Re: Air Transat Ferry flights

Any aircraft in the air has an Operator. That is never vague and is never a shared responsibility. Nav Canada is billing an operator. These flights were insured by an operator. The test used by the Canadian Transportation Agency is who has "operational control" of the aircraft. Did you ask Air Tran...
by TFTMB heavy
Sun May 10, 2020 7:24 pm
Forum: Air Transat
Topic: Air Canada and Transat announce Increased Purchase Price to $18 per Share
Replies: 1019
Views: 90181

Re: Air Canada and Transat announce Increased Purchase Price to $18 per Share

So let me get this straight. Your claim is that the airline industry recovery from the worst global economic recession since the Great Depression is going to be lead by discretionary international travel and discretionary spending. 🙄 I’m sorry but that’s a bit of a stretch. Not everyone is laid off...
by TFTMB heavy
Sun May 10, 2020 12:13 pm
Forum: Air Transat
Topic: Air Canada and Transat announce Increased Purchase Price to $18 per Share
Replies: 1019
Views: 90181

Re: Air Canada and Transat announce Increased Purchase Price to $18 per Share

So it's not just taking over leases, there is revenue stream attached to those leases and you can't exploit it without the brand it is sold under. Question - what is that revised revenue stream for summer 2020? Winter 2020/2021? Summer 2021? No idea, what we have been told this week is that the fli...
by TFTMB heavy
Sun May 10, 2020 11:46 am
Forum: Air Transat
Topic: Air Canada and Transat announce Increased Purchase Price to $18 per Share
Replies: 1019
Views: 90181

Re: Air Canada and Transat announce Increased Purchase Price to $18 per Share

TRZ aircraft? That's an expensive lease takeover... 720 million for a handful of new 321 leases when aircraft leases are a dime a dozen and you're reducing your own fleet and lease liabilities at present? And gas is cheap? Let's look at it really simply, because we all know it is much more complex ...
by TFTMB heavy
Fri May 01, 2020 5:56 am
Forum: Air Transat
Topic: Air Canada and Transat announce Increased Purchase Price to $18 per Share
Replies: 1019
Views: 90181

Re: Air Canada and Transat announce Increased Purchase Price to $18 per Share

So maybe you shouldn't write things like that then? Whether alluding to moving AC flying to AT, or your statement about being sure that AC guys will be a "good FO for you" or others. Stop being antagonistic about it. In all fairness, if you are going to comment on one side of that stupid discussion...
by TFTMB heavy
Thu Apr 23, 2020 2:51 pm
Forum: Air Transat
Topic: Air Canada and Transat announce Increased Purchase Price to $18 per Share
Replies: 1019
Views: 90181

Re: Air Canada and Transat announce Increased Purchase Price to $18 per Share

One thing is for certain, OTS hiring will surely be completely halted for a year at least. If they lay off in those numbers, forget OTS, it will be 2-3 years before everyone is recalled. At a minimum, there should be some form of ‘mutuality’ developed within the AC brand family of pilots. Neither S...
by TFTMB heavy
Wed Apr 22, 2020 10:56 am
Forum: Air Transat
Topic: Air Canada and Transat announce Increased Purchase Price to $18 per Share
Replies: 1019
Views: 90181

Re: Air Canada and Transat announce Increased Purchase Price to $18 per Share

Switch the situation around Jean-Luc, if TS was buying AC for shits and giggles. would you be so thougtful as to want to give away your seniority to another pilot group. I think not You mean if TS had 4000 plus pilots and had to absorb 670 pilots that came with airplanes and slots? Doesn't sound to...
by TFTMB heavy
Tue Mar 24, 2020 12:55 pm
Forum: Air Canada
Topic: Layoffs
Replies: 464
Views: 85949

Re: Layoffs

For those on flat pay, their salaries are based on a “flat pay” (as the name implies) and not an hourly rate. Hourly rate only comes into effect once over 75(?) hours. So, will the flat pay really be cut to match a 55 hour block? Or will it remain the same? The email from ACPA wasn’t clear. 15. For...
by TFTMB heavy
Tue Mar 24, 2020 6:52 am
Forum: Air Transat
Topic: Air Canada and Transat announce Increased Purchase Price to $18 per Share
Replies: 1019
Views: 90181

Re: Air Canada and Transat announce Increased Purchase Price to $18 per Share

Has a seniority list merger ever happened during a layoff period? What happens then? I would say any pilot on layoff before the seniority list merger will remain on layoff. Even if pilots junior to them are merged into the list. ie. AC pilots will remain laid off while TS pilots are employed. Any a...
by TFTMB heavy
Mon Mar 23, 2020 10:44 am
Forum: Air Transat
Topic: Air Canada and Transat announce Increased Purchase Price to $18 per Share
Replies: 1019
Views: 90181

Re: Air Canada and Transat announce Increased Purchase Price to $18 per Share

rudder wrote:
Mon Mar 23, 2020 10:36 am

SWG has no lifeboat. Where SWG ends up is exactly where TRZ would end up without the AC deal.

You mean where they were before TUI stepped in?
by TFTMB heavy
Mon Mar 23, 2020 10:28 am
Forum: Air Transat
Topic: Air Canada and Transat announce Increased Purchase Price to $18 per Share
Replies: 1019
Views: 90181

Re: Air Canada and Transat announce Increased Purchase Price to $18 per Share

⅔ of staff already laid off and the last flight will land on April 2, complete shutdown afterwards. What else do you want them to do beyond that? Identify cash on hand. Estimate cash burn rate. Reduce cash burn rate (layoffs - done). Draw down available credit lines. Call vendors. Negotiate payment...
by TFTMB heavy
Mon Mar 23, 2020 10:12 am
Forum: Air Transat
Topic: Air Canada and Transat announce Increased Purchase Price to $18 per Share
Replies: 1019
Views: 90181

Re: Air Canada and Transat announce Increased Purchase Price to $18 per Share

I wonder if the competition bureau report that was due today will be delayed. Sunwing being bankrupt or close to it must be a big consideration if they will allow AC to buy TS and essentially have a monopoly on that kind of vacation travel. Curious, why do you say Sunwing is bankrupt or near? I hav...
by TFTMB heavy
Fri Mar 20, 2020 7:58 pm
Forum: Air Canada
Topic: Layoffs
Replies: 464
Views: 85949

Re: Layoffs

this gonna be good for AC as this shows transat suffers worse and we can pull out of deal. sometimes theres light n darkness This virus just killed my grandma and my job. As a Transat pilot I am happy that this situation makes your life enjoyable...all the best. Ne perds pas de temps et d'énergie à...
by TFTMB heavy
Tue Mar 17, 2020 1:59 pm
Forum: Air Transat
Topic: Air Canada and Transat announce Increased Purchase Price to $18 per Share
Replies: 1019
Views: 90181

Re: Air Canada and Transat announce Increased Purchase Price to $18 per Share

TS pilots are in the process of voting on a LOU that will prevent layoffs for the next two months if it is ratified. Our group has seen many layoffs over the years and the company has been very resilient thought the many crisis it has survived. We are hoping for the best for us and all other pilot ...
by TFTMB heavy
Tue Mar 17, 2020 12:22 pm
Forum: Air Transat
Topic: Air Canada and Transat announce Increased Purchase Price to $18 per Share
Replies: 1019
Views: 90181

Re: Air Canada and Transat announce Increased Purchase Price to $18 per Share

Man, Here is the deal. At the end of the day AC will do what AC WANTS TO DO.... you guys are like “we don’t want this as much as you guys don’t” Clearly not... you wouldn’t be stating fine prints of the if not. I believe you guys are holding on to the last hope of sustainability in your careers as ...
by TFTMB heavy
Tue Mar 17, 2020 11:29 am
Forum: Air Transat
Topic: Air Canada and Transat announce Increased Purchase Price to $18 per Share
Replies: 1019
Views: 90181

Re: Air Canada and Transat announce Increased Purchase Price to $18 per Share

"Material Adverse Effect" means any change, event , occurrence, effect, state of facts and/or circumstance that, individually or in the aggregate with other such changes, events, occurrences, effects, states of facts or circumstances is or would reasonably be expected to be material and adverse to ...
by TFTMB heavy
Tue Mar 17, 2020 10:31 am
Forum: Air Transat
Topic: Air Canada and Transat announce Increased Purchase Price to $18 per Share
Replies: 1019
Views: 90181

Re: Air Canada and Transat announce Increased Purchase Price to $18 per Share

FL-280 wrote:
Tue Mar 17, 2020 9:14 am
Keep hoping there bud.... TRZ was under 6$ this morning
AC went down to $15.51, still doesn't meet the definition of adverse material effect from what I was told. Nothing we say on here will change anything but carry on with whatever makes you feel better.
by TFTMB heavy
Tue Mar 17, 2020 8:55 am
Forum: Air Transat
Topic: Air Canada and Transat announce Increased Purchase Price to $18 per Share
Replies: 1019
Views: 90181

Re: Air Canada and Transat announce Increased Purchase Price to $18 per Share

The Competition Bureau report will only contain facts, that report is then taken by Transport Canada who will produce a report with recommendations and hand it to the Minister of Transport who in turn will issue his recommendations on the transaction. In the end Garneau will have the last word regar...
by TFTMB heavy
Fri Mar 13, 2020 5:51 pm
Forum: Air Transat
Topic: Pay raise
Replies: 42
Views: 3525

Re: Pay raise

I'm curious what airline mergers have used a discount and ratio in the past 10-15 years? I have all of them on hand none of those methods ring a bell, if you could narrow my search that would be greatly appreciated. Take a look at AS/VX and AA/US I've not seen a discount for longevity to start in e...
by TFTMB heavy
Fri Mar 13, 2020 11:15 am
Forum: Air Transat
Topic: Pay raise
Replies: 42
Views: 3525

Re: Pay raise

We wont let you away with straight ratio. It will be penalty plus ratio. Example 4 years YOS penalty then straight 7 to 1 ratio. Bottom of the list wont happen, no AC pilot is seriously thinking that. Its got to be fair for both sides. Problem is... TS pilots dont have much to lose. You are mostly ...
by TFTMB heavy
Fri Mar 13, 2020 7:10 am
Forum: Air Transat
Topic: Pay raise
Replies: 42
Views: 3525

Re: Pay raise

To the Transat pilots, Looks like a match to wj on the nb rates, which is a substantial uplift from before ( the previous trz 737 rates were used as the template for Swoop pay rates). These rates put pressure on Sunwing to raise their rates. A great pattern. The blended wb rates is a good score for...
by TFTMB heavy
Thu Mar 12, 2020 12:18 pm
Forum: Air Transat
Topic: Air Canada and Transat announce Increased Purchase Price to $18 per Share
Replies: 1019
Views: 90181

Re: Air Canada and Transat announce Increased Purchase Price to $18 per Share

I'd be extremely surprised if there wasn't a Force Majeure clause in the agreement between Air Canada and Air Transat. I think the market is thinking the same thing right now. There is a section that describes Material Adverse Effect. Some analysts and lawyers are saying it is not a way out if AC i...
by TFTMB heavy
Wed Feb 19, 2020 6:31 am
Forum: Air Transat
Topic: Transat Hiring?
Replies: 8
Views: 3447

Re: Transat Hiring?

limaoscarlima wrote:
Wed Feb 19, 2020 12:44 am
any idea if Yvr base is still an option?
It is not.
by TFTMB heavy
Sat Feb 01, 2020 7:22 pm
Forum: Air Transat
Topic: Air Canada and Transat announce Increased Purchase Price to $18 per Share
Replies: 1019
Views: 90181

Re: Air Canada and Transat announce Increased Purchase Price to $18 per Share

I didn't speak of experience, just jobs. I didn't say Transat pilots suck, I said Transat sucks..... I don't go broke, loose my house and move in with you and eat your food do I? I just feel old clapped out 330's on lease isn't brining much to the table. Don't put words in my mouth I didn't say. **...
by TFTMB heavy
Fri Jan 31, 2020 2:11 pm
Forum: Air Transat
Topic: Air Canada and Transat announce Increased Purchase Price to $18 per Share
Replies: 1019
Views: 90181

Re: Air Canada and Transat announce Increased Purchase Price to $18 per Share

Lol get ready to be shocked if you think AC is going to add 300 positions in YUL just for you. You think that all of our YUL flying is going away? AC has been expanding in YUL, the Express flights will only feed more people onto TS flights. My guess is that the YYZ base is the one that will see the...

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