Search found 296 matches

by iflyroads
Sat Feb 06, 2021 9:01 pm
Forum: Air Transat
Topic: AC/TRZ Transaction Approved by TC - $5 per Share
Replies: 1679
Views: 200574

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 iflyroads
Wed Feb 03, 2021 10:11 am
Forum: Air Transat
Topic: AC/TRZ Transaction Approved by TC - $5 per Share
Replies: 1679
Views: 200574

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 iflyroads
Mon Jan 25, 2021 2:34 pm
Forum: Air Transat
Topic: AC/TRZ Transaction Approved by TC - $5 per Share
Replies: 1679
Views: 200574

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

As we enter the last week of January 2021, will we finally hear the governments position on this deal? Or will we continue to wait on the EU, which is probably waiting on the Canadian government? EU will be acting independently. Current forecast decision date is Feb 09. If there is anybody ‘waiting...
by iflyroads
Sun Oct 11, 2020 5:43 am
Forum: Air Transat
Topic: AC/TRZ Transaction Approved by TC - $5 per Share
Replies: 1679
Views: 200574

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

I’m going to assume you guys are laid off and taking advantage of legal weed ... that’s the only way you could come up with this hopeful garbage. At $5/share the deal is done and the regulators will now approve the deal, there is no question at this point. As for seniority, blended list .. might be...
by iflyroads
Fri Oct 02, 2020 11:59 am
Forum: Air Canada
Topic: Rouge is back?
Replies: 5
Views: 3029

Re: Rouge is back?

Also worth mentioning:

Surplus pilots at rouge (Airbus only) will be "made whole" and re-trained to current qpos just as their mainline counter parts have been doing.

After they are trained they will be awarded flying till their layoff (should that ever come).
by iflyroads
Thu Oct 01, 2020 7:52 am
Forum: Air Canada
Topic: COVID MOA 2
Replies: 267
Views: 44305

Re: COVID MOA 2

98 Corolla wrote: Thu Oct 01, 2020 3:30 am I ain't clicking that link. Air Canada is a publicly traded company and leaking meetings about negotiations between the company and labor unions could draw the attention of Securities regulators on yourself, this website, and anyone viewing it.
:roll: :roll: :roll:
by iflyroads
Mon Sep 28, 2020 7:25 am
Forum: Air Transat
Topic: AC/TRZ Transaction Approved by TC - $5 per Share
Replies: 1679
Views: 200574

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

Pretty anticlimactic.

Do they have to make an announcement today?
by iflyroads
Wed Sep 23, 2020 3:04 am
Forum: Air Transat
Topic: AC/TRZ Transaction Approved by TC - $5 per Share
Replies: 1679
Views: 200574

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

https://www.bnnbloomberg.ca/transat-shares-sink-to-8-year-low-as-takeover-odds-suffer-1.1497807 Stock price below $4 yesterday. Outside date on Transat investor relations website shows Sept 27th. As far as I know AC has not used a 30 day extension nor is it planning to. Now we wait to see if Transat...
by iflyroads
Mon Sep 21, 2020 3:04 am
Forum: Air Canada
Topic: How to get rid of ACPA?
Replies: 222
Views: 36332

Re: How to get rid of ACPA?

GATRKGA et al., The potential AT merger argument is a red herring. I believe that if one takes a considered look at potential timelines and legalities, one will see that the AT merger is not referenced by the JV article of the MOA2. Firstly, JV language references agreements with other airlines. If...
by iflyroads
Sat Sep 19, 2020 3:50 am
Forum: Air Canada
Topic: How to get rid of ACPA?
Replies: 222
Views: 36332

Re: How to get rid of ACPA?

I saw that, but is it really a big issue if it's just JV and codeshare? The JV issue allows the company to take the 45 passengers booked on their YYZ to FRA flight to be put on a Lufthansa flight and cancel the AC flight. Essentially the Lufthansa pilots doing ACPA work. Simplistic view and a lot m...
by iflyroads
Tue Sep 08, 2020 6:56 am
Forum: Jazz Aviation LP - Air Canada Express
Topic: Jazz Recalls?
Replies: 107
Views: 18975

Re: Jazz Recalls?

The company will do what it needs to for survival, you cannot justify the current capacity on some of those routes using mainline (and in the near future rouge) equipment. On the other hand, ACPA will do what it needs to for optics. They need to ensure that a precedent is set that ANY contract viola...
by iflyroads
Thu Sep 03, 2020 10:24 am
Forum: Jazz Aviation LP - Air Canada Express
Topic: Jazz Recalls?
Replies: 107
Views: 18975

Re: Jazz Recalls?

Hey, I heard a rumor that Jazz has recalled a significant number of employees recently ( mainly pilots) . Is there any truth to this? If it is true, congrats to all of those taking to the skies! I shall live vicariously through you. For those who have not been recalled, I’m sorry. I hope this mess ...
by iflyroads
Tue Sep 01, 2020 9:14 am
Forum: Air Transat
Topic: AC/TRZ Transaction Approved by TC - $5 per Share
Replies: 1679
Views: 200574

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

https://ca.finance.yahoo.com/news/eu-resumes-air-canada-transat-125445603.html?.tsrc=applewf If somehow the deal doesn't expire on September 27th That's the important question right now. A clause bought up a few posts ago, Transat maybe able to extend the deal beyond Sept 27th because of the EU pro...
by iflyroads
Fri Aug 28, 2020 9:56 am
Forum: Air Transat
Topic: AC/TRZ Transaction Approved by TC - $5 per Share
Replies: 1679
Views: 200574

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

I remember the EU halted the probe for a bit earlier this summer, pending some missing information/documents. Has it resumed the probe? The probe has not resumed according to the EU commission competition website and Calin on the Q2 conference call. https://ec.europa.eu/competition/elojade/isef/cas...
by iflyroads
Fri Aug 28, 2020 9:19 am
Forum: Air Transat
Topic: AC/TRZ Transaction Approved by TC - $5 per Share
Replies: 1679
Views: 200574

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

The deal will be hull only . We are already overstaffed and we are prepared for the big confrontation because every Air Canada employee will be brought back to work before any residual buyout pilots get on. Not happy news but our pilots must come first. I don't think that is how it works, its going...
by iflyroads
Wed Aug 26, 2020 12:47 pm
Forum: Air Canada
Topic: How to get rid of ACPA?
Replies: 222
Views: 36332

Re: How to get rid of ACPA?

I don't believe the airline will drastically change its overall crew requirements on the next bid, rather shuffle a few positions between types, as it need to maintain flexibility and the ability to recover should the market recover (to the airlines own forecast of 70-80% pre-covid) next summer. Th...
by iflyroads
Tue Aug 25, 2020 6:28 pm
Forum: Air Canada
Topic: How to get rid of ACPA?
Replies: 222
Views: 36332

Re: How to get rid of ACPA?

Doesn't look like there will be any extra positions added to the bid coming up. I don't believe the airline will drastically change its overall crew requirements on the next bid, rather shuffle a few positions between types, as it need to maintain flexibility and the ability to recover should the m...
by iflyroads
Sat Aug 22, 2020 3:09 am
Forum: Air Canada
Topic: How to get rid of ACPA?
Replies: 222
Views: 36332

Re: How to get rid of ACPA?

latest bid that ran was projected to meet staffing requirements till 2022 vp of flight ops recently quoted as saying the entire surplus list will be on furlough by november, and if required any further downbid requirements will be addressed with a bid in jan 2021. (second hand information) But in s...
by iflyroads
Thu Aug 20, 2020 7:10 am
Forum: Air Canada
Topic: How to get rid of ACPA?
Replies: 222
Views: 36332

Re: How to get rid of ACPA?

latest bid that ran was projected to meet staffing requirements till 2022 vp of flight ops recently quoted as saying the entire surplus list will be on furlough by november, and if required any further downbid requirements will be addressed with a bid in jan 2021. (second hand information) But in st...
by iflyroads
Fri Jul 31, 2020 6:52 pm
Forum: Air Canada
Topic: Relief Pilots
Replies: 26
Views: 11634

Re: Relief Pilots

I'm kind of glad they're gone. A lot of the RP's I talked to had significant responsibilities outside of work and told me that's why they bid RP. Which makes you kind of wonder if they're just along for the ride more or less. A few doctors, some in construction, one a mayor if I remember correctly....

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