Search found 2182 matches

by rudder
Sat Dec 05, 2020 5:31 pm
Forum: Jazz Aviation LP - Air Canada Express
Topic: Equipment bid
Replies: 8
Views: 855

Re: Equipment bid

Based on this it does not look like many recalls will occur in 2021 at Jazz? Maybe a few more pilots called back in fall of 2021 but I could see most recalls not happening until spring/fall 2022. man I hope this isnt the case.. If Jazz is flying 70%+ of 2019 block hours in summer 2022 then there wi...
by rudder
Sat Dec 05, 2020 7:52 am
Forum: Jazz Aviation LP - Air Canada Express
Topic: Equipment bid
Replies: 8
Views: 855

Re: Equipment bid

If there is a bid, it will very likely include further downgrades. Currently running 2 to 1 Captain to FO ratio, but an earlier agreement prevented further downgrades for now. The old awarded upgrades were cancelled, a new bid would be just that, so unless there is a significant increase in flying ...
by rudder
Tue Dec 01, 2020 2:21 pm
Forum: Air Canada
Topic: Cargo TA
Replies: 379
Views: 39913

Re: Cargo TA

Rouge - becomes lcc to compete with swoop TrZ - becomes leisure Cargo - becomes Ac new division Ac mainline - legacy routes Anyone see this differently? I had a manager suggest that there was a scenario with up to 5 operating certificates. I thought it was preposterous. Now it seems almost imminent.
by rudder
Tue Dec 01, 2020 10:18 am
Forum: Air Canada
Topic: Cargo TA
Replies: 379
Views: 39913

Re: Cargo TA

I expect the same. The pandemic was an aucpice to shutdown rouge and the nearly 1000 AC Pilot jobs it was and transfer all the flying to Transat. I don't doubt that was the concessions made to the EU regulator, all European and European Caribbean rouge flying forfeited to Transat. I hope ACPA is pa...
by rudder
Tue Dec 01, 2020 8:23 am
Forum: Air Canada
Topic: Cargo TA
Replies: 379
Views: 39913

Re: Cargo TA

They can't not approve the deal or prevent the deal from happening, but they may say that you can not fly such and such a route, or such and such a frequency for a period of time, or other restrictions the pencil pushers may dream up, limits on codeshare or joint venture, slot divesture, etc. Yup. ...
by rudder
Mon Nov 30, 2020 10:07 am
Forum: Air Canada
Topic: Cargo TA
Replies: 379
Views: 39913

Re: Cargo TA

AC renegotiated the purchase at $5/share, with a requirement any competing offer must be above $6. At the moment the stock is sitting at $5.94. The market almost 100% believes AC will not purchase TS and that another buyer (or government) will step in. So right now the purchase does not even look l...
by rudder
Mon Nov 30, 2020 10:03 am
Forum: Air Canada
Topic: Cargo TA
Replies: 379
Views: 39913

Re: Cargo TA

This is going to arbitration anyway you slice it. I agree history is indeed the teacher and I would expect with past precedent set it will be a quick decision or ruling. Alpa and acpa are already preparing with alpa wanting date of hire pure and simple but my money is on a formula. The AC list is n...
by rudder
Mon Nov 30, 2020 6:59 am
Forum: Air Canada
Topic: Cargo TA
Replies: 379
Views: 39913

Re: Cargo TA

This is going to arbitration anyway you slice it. I agree history is indeed the teacher and I would expect with past precedent set it will be a quick decision or ruling. Alpa and acpa are already preparing with alpa wanting date of hire pure and simple but my money is on a formula. The AC list is n...
by rudder
Sun Nov 29, 2020 7:31 am
Forum: Air Canada
Topic: Cargo TA
Replies: 379
Views: 39913

Re: Cargo TA

Where do the rules differ on a merger vs an acquisition? Everybody is acting like the wheel is being reinvented for the AC/TS merger. It is not. If the TRZ transaction is consummated, there will be 1 resulting pilot seniority list. Why? Because the ACPA CBA says so. ACPA could waive that, or ACPA c...
by rudder
Sun Nov 29, 2020 6:46 am
Forum: Air Canada
Topic: Cargo TA
Replies: 379
Views: 39913

Re: Cargo TA

I will ask the question - anyone can answer - what if this cargo initiative is an entirely separate entity? Where AC pilots that bid over to it, BEFORE the transat merger, don't lose equipment seniority? So if I were to hold NB Captain, but bid Cargo NB Capt...then the transat merger happens, would...
by rudder
Sat Nov 28, 2020 2:25 pm
Forum: Air Canada
Topic: Cargo TA
Replies: 379
Views: 39913

Re: Cargo TA

The way I understand it is there is no guarantee that Air Canada take all the Transat employees. Out of the 680 pilots how many will be merged on to the Air Canada list? 300? 400? 450 ? All of them? Same goes for FA's , management etc... AC is purchasing a smaller company than planned, they are exp...
by rudder
Fri Nov 27, 2020 9:57 am
Forum: Air Canada
Topic: Cargo TA
Replies: 379
Views: 39913

Re: Cargo TA

It would have been better for all of us had ACPA merged under negotiated conditions vs. a representation vote. We would have had our terms moving over to ALPA, would have seen ALPA Canada reorganized in a way that benefits the combined us, we would have had a full roll vote on Canadian issues. Mayb...
by rudder
Fri Nov 27, 2020 8:51 am
Forum: Air Canada
Topic: Cargo TA
Replies: 379
Views: 39913

Re: Cargo TA

It would have been better for all of us had ACPA merged under negotiated conditions vs. a representation vote. We would have had our terms moving over to ALPA, would have seen ALPA Canada reorganized in a way that benefits the combined us, we would have had a full roll vote on Canadian issues. Mayb...
by rudder
Thu Nov 26, 2020 8:05 am
Forum: Porter Airlines
Topic: Porter sues YTZ Terminal owners
Replies: 11
Views: 1268

Re: Porter sues YTZ Terminal owners

AC will take the slots. But they will not be paying Porter (or anyone else) for them. They have no asset value. But they do incur a holders fee.
by rudder
Sat Nov 21, 2020 11:00 am
Forum: Air Canada
Topic: Recall timeline
Replies: 34
Views: 5615

Re: Recall timeline

Everyone keeps talking about returning to 2019 levels. Please remember 2019 was the best year ever seen in aviation. YVR A320 captain after 2yrs? Completely unheard of in my time flying. Perhaps we should lower our expectations a bit to make a more realistic timeline. I would say the argument is th...
by rudder
Thu Nov 19, 2020 9:33 am
Forum: Air Canada
Topic: Recall timeline
Replies: 34
Views: 5615

Re: Recall timeline

FL-280 wrote: Thu Nov 19, 2020 9:26 am edited my post after reading it 2-3 times and catching on
No problem.

If fully subscribed, it would be approximately 10.8 million AC shares.

AC could either issue new shares (dilute) or purchase on open market. Given the current AC share price, more likely to issue.
by rudder
Thu Nov 19, 2020 9:25 am
Forum: Air Canada
Topic: Recall timeline
Replies: 34
Views: 5615

Re: Recall timeline

FL-280 wrote: Thu Nov 19, 2020 9:19 am
Ok, Cash or Shares. I thought I had seen they could do a combination of both. My point remains, I believe they would pay cash at this point.
They (AC?) don’t have a choice.

Per the amended purchase agreement, each TRZ shareholder has the choice - cash or shares.
by rudder
Thu Nov 19, 2020 9:15 am
Forum: Air Canada
Topic: Recall timeline
Replies: 34
Views: 5615

Re: Recall timeline

TRZ shareholders could also get paid in cash by AC, it's AC'S option. Cash, shares (17.47$) or a combination of the two! AC has 50 000 issuable shares, I doubt they will use them at 17.47$ when market is trading at almost 22$.... MONTREAL, Oct. 10, 2020 /CNW Telbec/ - Air Canada announced today tha...
by rudder
Thu Nov 19, 2020 7:30 am
Forum: Air Canada
Topic: Air Canada Second Trip to C.C.A.A.?
Replies: 55
Views: 13512

Re: Air Canada Second Trip to C.C.A.A.?

Thus far, AC has been able to ‘restructure’ many cash sensitive financing and commercial obligations. Accordingly, cash burn is reduced and tipping point for insolvency moving further away from today’s date. No doubt that AC will be engaging with vendors as well to modify terms to reflect anticipate...
by rudder
Thu Nov 19, 2020 7:18 am
Forum: Air Canada
Topic: Recall timeline
Replies: 34
Views: 5615

Re: Recall timeline

So, add up mainline, Rouge, Transat block hours for summer 2019 and estimate when that number will equal mainline, Rouge, Cargo, and Transat in the future. I would be surprised if that happens by 2023. That will happen never. The plan always was to consolidate routes, fewer flights vs. seperate ope...

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