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

Discuss topics related to Air Transat.

Moderators: North Shore, ahramin, sky's the limit, Sulako

Post Reply
Jumbo744
Rank 2
Rank 2
Posts: 90
Joined: Sun Jun 12, 2011 11:32 am

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

Post by Jumbo744 »

ACboi wrote:
Sun Mar 15, 2020 4:47 pm
Sharklasers wrote:
Sun Mar 15, 2020 5:50 am
I’m sorry to tell you that 98% of your good friends coworkers (and likely him) share this board’s sentiment about protecting our own jobs and livelihoods first and foremost. No one wants anyone to have a bad career but we are not willing to sacrifice our own well being for the Transat pilots.
If the virus goes own and the effects of the downturn are long lasting then the metrics of the merger will no longer make sense and Transat pilots will have the opportunity to remain an independent airline like they were routing for this whole time. Sounds like a win all around.
+1 bro! these trampsat pilots need to stfu. making themselfs look bad. I n every pilot here has worked hard to get here an our hiring board saw us as the best of the best. they just be mad. we ain't giving up easy. never!
"ACboi"....."bro"..... "they be mad"......lol....you must be a drake wannabe...you listen too much of that gangsta rap driving to the airport. The best of the best? Hmmmmmm......i won't even bother commenting. You are ridiculous enough. Before you ask, nah i am not a transat pilot, not an AC pilot and not interested in being one....."stfu" :goodman:
---------- ADS -----------
  

User avatar
98 Corolla
Rank 2
Rank 2
Posts: 71
Joined: Wed Jan 10, 2018 10:26 am

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

Post by 98 Corolla »

Jumbo744 wrote:
Mon Mar 16, 2020 12:29 am
i won't even bother commenting.
---------- ADS -----------
  

Sharklasers
Rank 4
Rank 4
Posts: 219
Joined: Mon May 29, 2017 5:24 pm

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

Post by Sharklasers »

You guys all realize that ACboi and Habslover are clearly trolls right? Neither likely works for AC or Transat?
ACboi isn’t even trolling the point. No AC pilot is saying we are better because we were hired at AC.
We are saying we will vigorously defend our own careers.
---------- ADS -----------
  

Thorjones
Rank 1
Rank 1
Posts: 28
Joined: Mon Mar 14, 2016 7:45 am

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

Post by Thorjones »

Stock price below 9 bucks today.....what would it be without the Ac deal on the table?
---------- ADS -----------
  

iflyroads
Rank 5
Rank 5
Posts: 302
Joined: Tue Jun 12, 2012 6:50 am

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

Post by iflyroads »

Could say the same for the Air Canada stock? Dropped below 20. Would it be around that right now without the potential Transat deal? Or would it not be less?

Sincere question....I'm no financial guru
---------- ADS -----------
  

rudder
Rank 10
Rank 10
Posts: 2062
Joined: Wed Mar 08, 2006 12:10 pm

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

Post by rudder »

The market is pricing in the risk associated with AC vacating the transaction.

All the large carriers are re-evaluating liquidity using realistic forecasts on revenue decline and cash run rate. AC is doing the same.

Here is that update from AC:

https://aircanada.mediaroom.com/2020-03 ... o-COVID-19
---------- ADS -----------
  

User avatar
Daniel Cooper
Rank 4
Rank 4
Posts: 251
Joined: Thu Dec 20, 2018 6:38 am
Location: Unknown

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

Post by Daniel Cooper »

Interesting press release.
Furthermore, the acquisition of Transat A.T. Inc. is subject to regulatory approvals and certain customary conditions, and there are no assurances that the acquisition will be completed as described in Air Canada's 2019 MD&A or at all.
---------- ADS -----------
  

FL320
Rank 4
Rank 4
Posts: 282
Joined: Tue Sep 14, 2010 11:44 am

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

Post by FL320 »

Daniel Cooper wrote:
Mon Mar 16, 2020 11:23 am
Interesting press release.
Furthermore, the acquisition of Transat A.T. Inc. is subject to regulatory approvals and certain customary conditions, and there are no assurances that the acquisition will be completed as described in Air Canada's 2019 MD&A or at all.
LOL :lol: what a scoop from a reliable unidentified source!
---------- ADS -----------
  
Last edited by FL320 on Mon Mar 16, 2020 11:36 am, edited 2 times in total.

airboy1
Rank 1
Rank 1
Posts: 43
Joined: Thu Sep 08, 2011 12:54 pm

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

Post by airboy1 »

FL320 wrote:
Mon Mar 16, 2020 11:33 am

LOL :lol: what a scoop from a reliable unidentified source!
Whats so funny about it? Its from an official air canada press release.
---------- ADS -----------
  

FL320
Rank 4
Rank 4
Posts: 282
Joined: Tue Sep 14, 2010 11:44 am

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

Post by FL320 »

My bad, I didn't read the press release…
I just put 40k in TRZ shares, finger crossed then! :D
---------- ADS -----------
  

ACboi
Rank 0
Rank 0
Posts: 6
Joined: Fri Jul 05, 2019 6:27 pm

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

Post by ACboi »

Sharklasers wrote:
Mon Mar 16, 2020 7:24 am
You guys all realize that ACboi and Habslover are clearly trolls right? Neither likely works for AC or Transat?
ACboi isn’t even trolling the point. No AC pilot is saying we are better because we were hired at AC.
We are saying we will vigorously defend our own careers.
Yo dude, I no troll. been here for bout a year n sum. BUT I strongly support our brothers n sisters in preserving our jobs n seniority. this affects me a lot having 600 some of those guys paracuting in above me and others. they should be botl.. we all suport this. dont mistake my words for trolling. there words of PASSION! I love this job n i love my AC fam. An yeah, i do think we r the best. like the old sayin. haters gunna hate.
but no need to worry perhaps.Our boss is smart an will pull the plug on this bad deal. An transat will go belly up fast!! then he will buy n then they go botl. fingers crossed fam!!!
---------- ADS -----------
  

FL320
Rank 4
Rank 4
Posts: 282
Joined: Tue Sep 14, 2010 11:44 am

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

Post by FL320 »

ACboi wrote:
Mon Mar 16, 2020 11:43 am
Sharklasers wrote:
Mon Mar 16, 2020 7:24 am
You guys all realize that ACboi and Habslover are clearly trolls right? Neither likely works for AC or Transat?
ACboi isn’t even trolling the point. No AC pilot is saying we are better because we were hired at AC.
We are saying we will vigorously defend our own careers.
Yo dude, I no troll. been here for bout a year n sum. BUT I strongly support our brothers n sisters in preserving our jobs n seniority. this affects me a lot having 600 some of those guys paracuting in above me and others. they should be botl.. we all suport this. dont mistake my words for trolling. there words of PASSION! I love this job n i love my AC fam. An yeah, i do think we r the best. like the old sayin. haters gunna hate.
but no need to worry perhaps.Our boss is smart an will pull the plug on this bad deal. An transat will go belly up fast!! then he will buy n then they go botl. fingers crossed fam!!!
My god I can't believe that specimen could be in charge of my life during a DH on AC! :shock:
---------- ADS -----------
  

tsgas
Rank 6
Rank 6
Posts: 480
Joined: Sun Feb 29, 2004 12:53 pm

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

Post by tsgas »

FL320 wrote:
Mon Mar 16, 2020 11:47 am
ACboi wrote:
Mon Mar 16, 2020 11:43 am
Sharklasers wrote:
Mon Mar 16, 2020 7:24 am
You guys all realize that ACboi and Habslover are clearly trolls right? Neither likely works for AC or Transat?
ACboi isn’t even trolling the point. No AC pilot is saying we are better because we were hired at AC.
We are saying we will vigorously defend our own careers.
Yo dude, I no troll. been here for bout a year n sum. BUT I strongly support our brothers n sisters in preserving our jobs n seniority. this affects me a lot having 600 some of those guys paracuting in above me and others. they should be botl.. we all suport this. dont mistake my words for trolling. there words of PASSION! I love this job n i love my AC fam. An yeah, i do think we r the best. like the old sayin. haters gunna hate.
but no need to worry perhaps.Our boss is smart an will pull the plug on this bad deal. An transat will go belly up fast!! then he will buy n then they go botl. fingers crossed fam!!!
My god I can't believe that specimen could be in charge of my life during a DH on AC! :shock:
Didn't you hear that in the future there will be only be one pilot and one dog in the flight deck. The pilot's job is to feed the dog and the dog's job is to bite the pilot if he touches any of the controls. :rolleyes:
---------- ADS -----------
  

altiplano
Rank 11
Rank 11
Posts: 4039
Joined: Sat Jan 22, 2005 2:24 pm

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

Post by altiplano »

rudder wrote:
Mon Mar 16, 2020 8:49 am
The market is pricing in the risk associated with AC vacating the transaction.

All the large carriers are re-evaluating liquidity using realistic forecasts on revenue decline and cash run rate. AC is doing the same.

Here is that update from AC:

https://aircanada.mediaroom.com/2020-03 ... o-COVID-19
Careful rudder... guys don't like market facts explained on this thread.

Also - still standing by on someone quoting what I wrote that was so awful or personal attacking Transat pilots...
---------- ADS -----------
  
Last edited by altiplano on Mon Mar 16, 2020 12:11 pm, edited 1 time in total.

sanjet
Rank 8
Rank 8
Posts: 867
Joined: Mon Jan 10, 2005 8:54 am

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

Post by sanjet »

FL320 wrote:
Mon Mar 16, 2020 11:40 am
My bad, I didn't read the press release…
I just put 40k in TRZ shares, finger crossed then! :D
I sincerely hope you are joking. These are unprecedented times.
---------- ADS -----------
  

tsgas
Rank 6
Rank 6
Posts: 480
Joined: Sun Feb 29, 2004 12:53 pm

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

Post by tsgas »

FL320 wrote:
Mon Mar 16, 2020 11:40 am
My bad, I didn't read the press release…
I just put 40k in TRZ shares, finger crossed then! :D
It might be more prudent to short the shares at this juncture.
---------- ADS -----------
  

ahramin
Rank Moderator
Rank Moderator
Posts: 5905
Joined: Tue Feb 17, 2004 5:21 pm
Location: Vancouver

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

Post by ahramin »

Daniel Cooper wrote:
Mon Mar 16, 2020 11:23 am
Interesting press release.
Furthermore, the acquisition of Transat A.T. Inc. is subject to regulatory approvals and certain customary conditions, and there are no assurances that the acquisition will be completed as described in Air Canada's 2019 MD&A or at all.
You had me worried for a bit. That quote is from the Caution on Forward Looking Statements and has been for months. Nothing new.
---------- ADS -----------
  

Dry Guy
Rank 3
Rank 3
Posts: 196
Joined: Mon Apr 17, 2017 2:44 pm

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

Post by Dry Guy »

Stock now at $6.50. It lost 40% today.
---------- ADS -----------
  

User avatar
Jean-Pierre
Rank 5
Rank 5
Posts: 349
Joined: Sun Oct 04, 2009 4:56 pm

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

Post by Jean-Pierre »

FL320 lost $16,000 already on paper
---------- ADS -----------
  

rudder
Rank 10
Rank 10
Posts: 2062
Joined: Wed Mar 08, 2006 12:10 pm

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

Post by rudder »

Dry Guy wrote:
Mon Mar 16, 2020 2:53 pm
Stock now at $6.50. It lost 40% today.
Market cap at closing $245MM.

$600MM cash on hand? How much will that be in 90 days?

AC agreed to pay $720MM? Including how much assumed debt?

The math does not add up.

p.s. SWG just issued lay-off notice to every single pilot and FA. My guess is they do not have cash to burn. Does TRZ?
---------- ADS -----------
  

derateNO
Rank 4
Rank 4
Posts: 288
Joined: Mon Feb 10, 2020 10:15 pm

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

Post by derateNO »

AT could fail before any of this even has the chance to go through. We're still looking at 2 more months before the gvn't gives it's result, and I'm sure it's the last thing on their mind right now.

Now... I could see the gvn't doing something like they did with Canadian and AC, force AC take on AT like they did Canadian and in exchange for a big bail out or something and promises that they can keep all their slots. This would go over well with QC for the next election and people keeping their jobs.
---------- ADS -----------
  

Victory
Rank 6
Rank 6
Posts: 451
Joined: Tue Sep 19, 2017 8:32 am

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

Post by Victory »

The competition bureau report is actually due out in a week. March 23rd. AC and AT have not been allowed to communicate with each other about this deal until that report is released. Even the AT CEO has said he expects this report to be negative. All of this was reported by the Financial Post but we all know how unreliable journalism is. I expect though that if the above is true the negative report will give AC an excuse to either renegotiate or walk away from the deal entirely.
---------- ADS -----------
  

FL320
Rank 4
Rank 4
Posts: 282
Joined: Tue Sep 14, 2010 11:44 am

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

Post by FL320 »

derateNO wrote:
Mon Mar 16, 2020 6:42 pm
AT could fail before any of this even has the chance to go through. We're still looking at 2 more months before the gvn't gives it's result, and I'm sure it's the last thing on their mind right now.

Now... I could see the gvn't doing something like they did with Canadian and AC, force AC take on AT like they did Canadian and in exchange for a big bail out or something and promises that they can keep all their slots. This would go over well with QC for the next election and people keeping their jobs.
I strongly suggest you to buy TRZ shares asap...
---------- ADS -----------
  

tsgas
Rank 6
Rank 6
Posts: 480
Joined: Sun Feb 29, 2004 12:53 pm

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

Post by tsgas »

FL320 wrote:
Mon Mar 16, 2020 7:44 pm
derateNO wrote:
Mon Mar 16, 2020 6:42 pm
AT could fail before any of this even has the chance to go through. We're still looking at 2 more months before the gvn't gives it's result, and I'm sure it's the last thing on their mind right now.

Now... I could see the gvn't doing something like they did with Canadian and AC, force AC take on AT like they did Canadian and in exchange for a big bail out or something and promises that they can keep all their slots. This would go over well with QC for the next election and people keeping their jobs.
I strongly suggest you to buy TRZ shares asap...
Be prepared for wage concessions.
---------- ADS -----------
  

derateNO
Rank 4
Rank 4
Posts: 288
Joined: Mon Feb 10, 2020 10:15 pm

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

Post by derateNO »

LOL.

If after all this shit of dealing with lowest paid positions in the industry AND CR tries taking more?

I'm fucking done.

I'll going back to hooking at Hastings and Main.
---------- ADS -----------
  

Post Reply

Return to “Air Transat”