Search found 2231 matches

by rudder
Tue Nov 10, 2020 7:41 am
Forum: Air Canada
Topic: Cargo TA
Replies: 492
Views: 64430

Re: Cargo TA

1.11 Specialty Companies 1.11.01 A Specialty Company is any Affiliate of the Company dedicated to air carrier operations within a narrower segment of the travel market than that in which Air Canada operates, such as air cargo, leisure market, low cost carrier or charter operations. 1.11.02 The Compa...
by rudder
Mon Nov 09, 2020 8:22 pm
Forum: Air Canada
Topic: Cargo TA
Replies: 492
Views: 64430

Re: Cargo TA

Inverted2 wrote: Mon Nov 09, 2020 8:04 pm Hope it all works out for you guys. Would be nice if it’s not all night flying. That shit will age you FAST.
More likely long haul international.
by rudder
Mon Nov 09, 2020 5:58 pm
Forum: Air Canada
Topic: Cargo TA
Replies: 492
Views: 64430

Re: Cargo TA

Will the resulting pay rate be lower than Rouge 767 pay rate?
by rudder
Mon Nov 09, 2020 12:32 pm
Forum: Air Canada
Topic: Aircraft cancellations
Replies: 5
Views: 2407

Re: Aircraft cancellations

Looks like the dedicated 767 cargo subsidiary was not a rumour..... now confirmed.

Good luck on the vote.
by rudder
Mon Nov 09, 2020 11:06 am
Forum: General Airline Industry Comments
Topic: Commuting, Acclimatization and new Flight Duty Regs
Replies: 38
Views: 5210

Re: Commuting, Acclimatization and new Flight Duty Regs

The revised CAR’s duty limits have nothing to do with commuting. Is somebody driving 4 hours to work affected? No. Just show up rested and fit for planned duty period. All the new rules had to be programmed in to crew tracking software for company operations purposes. Having said that, for those pur...
by rudder
Mon Nov 09, 2020 8:53 am
Forum: Air Canada
Topic: Aircraft cancellations
Replies: 5
Views: 2407

Re: Aircraft cancellations

Add in thus far unconfirmed rumours of a dedicated 767 cargo fleet.

From the news release:

“Our nimble Cargo team has pivoted to dedicated all-cargo flights during the pandemic and Cargo will become an increasingly important segment of our business going forward.”
by rudder
Sun Nov 08, 2020 2:39 pm
Forum: Jazz Aviation LP - Air Canada Express
Topic: How many retirements are expected for 2021?
Replies: 2
Views: 1777

Re: How many retirements are expected for 2021?

Jazz will average 50-60 retirements per year for the next several years including early retirement program subscribers (Jazz must offer a minimum of 20 ERP slots per year). Age 65 retirements will include pilots on LTD so not all retirements are active pilots.
by rudder
Sun Nov 08, 2020 9:11 am
Forum: Sky Regional Airlines Inc.
Topic: More layoffs coming!
Replies: 26
Views: 5328

Re: More layoffs coming!

About 60% of the pilots are laid off. Any idea how that compares to other companies still operating in Canada? AC has 600 out of 4300 on layoff. Subtract further from the 4300 for inactive (GDIP/management/etc). AC ran a reduction bid but also has a de facto worksharing agreement in place via MOA w...
by rudder
Thu Nov 05, 2020 8:07 am
Forum: Sunwing
Topic: Scope
Replies: 7
Views: 2351

Re: Scope

We do have this portion of the CBA which is "scope-lite": 6.9 Wet Leasing - Outside Operators 6.9.1 A Wet Lease is the Company contracting another carrier to supply aircraft and crew which is not on the Company’s Air Operator’s Certificate (AOC). 6.9.2 No FCM will be displaced from a Perm...
by rudder
Mon Nov 02, 2020 11:01 am
Forum: Sky Regional Airlines Inc.
Topic: More layoffs coming!
Replies: 26
Views: 5328

Re: More layoffs coming!

All the 175s have a worldwide max seating certification exceeding 76 seats. The only reason they are capped at 76 currently is ACPA's scope article 1... The E2 would also be capped at 76, but meaning a bigger J class which is already at 12 seats? More leg room? Starting not to make sense anymore fo...
by rudder
Mon Nov 02, 2020 8:13 am
Forum: Sky Regional Airlines Inc.
Topic: More layoffs coming!
Replies: 26
Views: 5328

Re: More layoffs coming!

These brazilian will not fly forever. The newer version is too big for a CPA carrier. US CPA carrier? Yes - due to MGTOW. AC scope? No - it is hull size only (Max seating certification worldwide). Having said that, I doubt that AC is currently out shopping for more new expensive aircraft for Expres...
by rudder
Thu Oct 29, 2020 4:54 pm
Forum: Sky Regional Airlines Inc.
Topic: More layoffs coming!
Replies: 26
Views: 5328

Re: More layoffs coming!

Or if they re-gig the Chorus CPA during a sell off need the redundancy of Jazz, most roads are two way. The post Covid market place may be a very different and AC may no longer desire a pre-covid, 15 year CPA. In the new era AC will have a lot of assets at it's disposal to deploy, Rouge, AirTransat...
by rudder
Wed Oct 28, 2020 8:23 am
Forum: Jazz Aviation LP - Air Canada Express
Topic: Chorus to be sold ?
Replies: 101
Views: 16262

Re: Chorus to be sold ?

That means nothing. That is the market placing a bet. Nothing more. Nothing less. I could give you a long dissertation on valuation based on net present value of future earnings adjusted for risk but clearly there is no certainty on earnings in this environment, irrespective of the AC CPA, the leas...
by rudder
Wed Oct 28, 2020 5:57 am
Forum: Jazz Aviation LP - Air Canada Express
Topic: Chorus to be sold ?
Replies: 101
Views: 16262

Re: Chorus to be sold ?

speedah wrote: Wed Oct 28, 2020 5:24 am I doubt they will pay a 300%+ premium on the closing price prior to the announcement on Friday.....
Thus far, the market is pricing in a 30% increase over the prior 50 day average closing price.
by rudder
Tue Oct 27, 2020 11:51 am
Forum: Sky Regional Airlines Inc.
Topic: More layoffs coming!
Replies: 26
Views: 5328

Re: More layoffs coming!

How many currently active? Inactive?

What are the changes in active/inactive on Jan 01st?

Is Skyregional subscribed to CEWS?
by rudder
Tue Oct 27, 2020 6:34 am
Forum: Jazz Aviation LP - Air Canada Express
Topic: Chorus to be sold ?
Replies: 101
Views: 16262

Re: Chorus to be sold ?

So what kind of timeline are we looking at here? Days or weeks, not months. CHR may simply announce that no agreement was reached (offer rejected or withdrawn). There may be a period where CHR does due diligence on the offer presented. There may be a period of negotiation that results in a modified...
by rudder
Tue Oct 27, 2020 6:21 am
Forum: Jazz Aviation LP - Air Canada Express
Topic: Chorus to be sold ?
Replies: 101
Views: 16262

Re: Chorus to be sold ?

genetic jack hammer wrote: Tue Oct 27, 2020 6:09 am
...including the Airbus A220..????
Chorus Aviation Capital (leasing division) not Jazz.
by rudder
Tue Oct 27, 2020 5:04 am
Forum: Jazz Aviation LP - Air Canada Express
Topic: Chorus to be sold ?
Replies: 101
Views: 16262

Re: Chorus to be sold ?

AC says the offer didnt come from them. I guess you can put away the balloons. https://www.theglobeandmail.com/business/article-financial-company-likely-the-unnamed-bidder-for-halifax-based-chorus/ Its probably a PE firm. Could get pretty bleak. So ‘unsolicited’ could also be construed as ‘hostile’...
by rudder
Sat Oct 24, 2020 12:16 pm
Forum: Jazz Aviation LP - Air Canada Express
Topic: Chorus to be sold ?
Replies: 101
Views: 16262

Re: Chorus to be sold ?

I wonder if a purchaser would have to enter into a new CPA agreement with AC. That could be in AC interest and be to their benefit. The short answer is NO. There is change of control language in the CPA (referred to above). There is a redacted copy of the CPA on SEDAR. AC may terminate the CPA unde...
by rudder
Sat Oct 24, 2020 9:50 am
Forum: Jazz Aviation LP - Air Canada Express
Topic: Chorus to be sold ?
Replies: 101
Views: 16262

Re: Chorus to be sold ?

IOW words AC has the final thumb up or down. I have to conclude then that whatever this proposal is, the people making the sales pitch think AC might be interested. Otherwise it’s pointless. AC paid $97MM for a 10% stake in CHR. Prior to the price run up on Friday, that investment was worth $24MM. ...

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