Air Canada News

Discuss topics relating to Air Canada.

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

Post Reply
Rebel
Rank (9)
Rank (9)
Posts: 1552
Joined: Sun Feb 15, 2004 8:43 pm

Air Canada News

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.
---------- ADS -----------
  

grouchy
Rank 4
Rank 4
Posts: 242
Joined: Mon Feb 16, 2004 6:08 pm

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

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

Rebel
Rank (9)
Rank (9)
Posts: 1552
Joined: Sun Feb 15, 2004 8:43 pm

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

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

User avatar
Blastor
Rank 8
Rank 8
Posts: 964
Joined: Mon Mar 01, 2004 11:20 am
Location: North America

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....
---------- ADS -----------
  

Canus Chinookus
Rank 7
Rank 7
Posts: 707
Joined: Thu Oct 21, 2004 6:30 pm

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

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

Post Reply

Return to “Air Canada”