Air Canada News

Rebel · Post by **Rebel** » Tue Feb 08, 2005 2:02 pm

Air Canada News:

Giving employees a stake in the company. Since the company emerged from CCAA, we've posted many positive results: record load factor rates for 10 months in a row, and our share price has risen by more than 70 per cent. With these achievements (which are a result of your dedication and hard work), we are all being offered the opportunity of sharing in our company’s success through the growth of its stock. That is why the ACE Board of Directors has approved a revitalized Employee Share Purchase Plan (ESPP). With this new plan, you have the option to contribute between two and six per cent of your salary to purchase ACE Aviation Holdings Inc. (ACE) shares. The company will then match your contribution by 33 per cent – and for the first three months, by 50 per cent. But before enrolling, please read all the documents posted on the Aeronet carefully to make sure this Plan is right for you and falls within your personal investment risk limits. You will find complete details as well as a letter from Robert, on the front page of Aeronet or under Neighbourhoods/ People (Human Resources). Under the “What’s New” column you will find the link to Employee Share Purchase Plan (ESPP). Also, keep an eye open for further announcements about other initiatives which will allow employees to share in the company’s success.

grouchy · Post by **grouchy** » Tue Feb 08, 2005 5:17 pm

Rebel, how much did ya lose on the last share buy plan?

Rebel · Post by **Rebel** » Tue Feb 08, 2005 5:26 pm

Broke even..Now-a-days investment in any airline stock is high risk..

Blastor · Post by **Blastor** » Wed Feb 09, 2005 9:45 am

That is why the ACE Board of Directors has approved a revitalized Employee Share Purchase Plan (ESPP). With this new plan, you have the option to contribute between two and six per cent of your salary to purchase ACE Aviation Holdings Inc. (ACE) shares. The company will then match your contribution by 33 per cent – and for the first three months, by 50 per cent. But before

Before engaging in this, someone from WJ should give ya a reality-check!!

Bad idea all around....

Canus Chinookus · Post by **Canus Chinookus** » Wed Feb 09, 2005 12:47 pm

this plan is not even close to what Westjet's doing.