Air India in talks with Air Canada to lease out five Boeing

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ventus2cxt
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Air India in talks with Air Canada to lease out five Boeing

Post by ventus2cxt »

Sunday, May 27, 2012


Mumbai: Cash-strapped Air India is negotiating a deal with Air Canada to dry lease five of its Boeing 777-200 (long range) aircraft, airline sources said.
"We are in discussions with Air Canada to lease out these aircraft," Air India sources told PTI.
A team of officials from Air India would soon visit Canada to discuss modalities like leasing cost, etc in this regard, sources said, adding that the deal may be finalised as early as within next two-three weeks.
A founding-member of the Star Alliance, Air Canada is Canada's largest airline serving over 180 destinations in five continents. Besides, it also operates regional service Air Canada Express.
27/05/12 PTI/Economic Times
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YYZSaabGuy
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Re: Air India in talks with Air Canada to lease out five Boe

Post by YYZSaabGuy »

Interesting. Would this be to provide some interim lift given 787 delivery delays? Or is it more of a longer-term fleet renewal solution, for example to facilitate 767 divestitures?
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Ah_yeah
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Re: Air India in talks with Air Canada to lease out five Boe

Post by Ah_yeah »

Hmmm...rumour of new toys to placate pilots into cooperation through a difficult summer....nahhhhh
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Re: Air India in talks with Air Canada to lease out five Boe

Post by Sea2Sky »

Ah_yeah wrote:Hmmm...rumour of new toys to placate pilots into cooperation through a difficult summer....nahhhhh
Ridiculous. We can't even train guys fast enough on the 777s we ALREADY have. No offence, but if you think the company buying more 777s is something that will "placate pilots into cooperation", you don't work here, because this deal does very little to ease the sorts of contractual issues most of us are concerned with right now.
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YO_MAMMA
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Re: Air India in talks with Air Canada to lease out five Boe

Post by YO_MAMMA »

So what does this mean for AC? Are they adding new routes or replacing other aircraft?
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bcflyer
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Re: Air India in talks with Air Canada to lease out five Boe

Post by bcflyer »

It means nothing until the planes are actually delivered, painted and online.
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gegu1
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Re: Air India in talks with Air Canada to lease out five Boe

Post by gegu1 »

AC might just be looking at possible savings if they went with Air India
777 and then selling their 787 deliveries.
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teacher
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Re: Air India in talks with Air Canada to lease out five Boe

Post by teacher »

OR maybe Air Canada is gonna start focusing on where they can actually make money.
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HighT5
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Re: Air India in talks with Air Canada to lease out five Boe

Post by HighT5 »

teacher wrote:OR maybe Air Canada is gonna start focusing on where they can actually make money.
Like the LCC?
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Ah_yeah
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Re: Air India in talks with Air Canada to lease out five Boe

Post by Ah_yeah »

Sea2Sky wrote:
Ah_yeah wrote:Hmmm...rumour of new toys to placate pilots into cooperation through a difficult summer....nahhhhh
Ridiculous. We can't even train guys fast enough on the 777s we ALREADY have. No offence, but if you think the company buying more 777s is something that will "placate pilots into cooperation", you don't work here, because this deal does very little to ease the sorts of contractual issues most of us are concerned with right now.
Rumours cost nothing and yes I work here. Been here long enough to know how many aerosexuals in our ranks foam at the mouth over this stuff. I don't care what I fly...show me the money !
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Re: Air India in talks with Air Canada to lease out five Boe

Post by justwork »

teacher wrote:OR maybe Air Canada is gonna start focusing on where they can actually make money.
To me this makes sense, Air Canada needs to focus on it's wide body routes. However I don't think this deal has anything at all to do with that.
Sea2Sky wrote:
Ah_yeah wrote:Hmmm...rumour of new toys to placate pilots into cooperation through a difficult summer....nahhhhh
Ridiculous. We can't even train guys fast enough on the 777s we ALREADY have. No offence, but if you think the company buying more 777s is something that will "placate pilots into cooperation", you don't work here, because this deal does very little to ease the sorts of contractual issues most of us are concerned with right now.
YO_MAMMA wrote:So what does this mean for AC? Are they adding new routes or replacing other aircraft?
The article says it's a dry lease deal. Crew's at AC will never see the planes. Likely AC get's a better financing rate than Air India. Isn't this pretty close, if not exactly the same (different planes though) as the Air Mexico deal? AC will make money off this deal if they're just dry leasing a couple 777's to a company that can't afford the lease rates offered to them by other lessor's. Until that company goes tit's up and the planes are stripped to nothing "Lord of War" style.
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yycflyguy
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Re: Air India in talks with Air Canada to lease out five Boe

Post by yycflyguy »

teacher wrote:OR maybe Air Canada is gonna start focusing on where they can actually make money.
Like a reduction in the CPA?
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rudder
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Re: Air India in talks with Air Canada to lease out five Boe

Post by rudder »

yycflyguy wrote:
teacher wrote:OR maybe Air Canada is gonna start focusing on where they can actually make money.
Like a reduction in the CPA?
Yes, that is where the $4B pension deficit resides :shock: FYI - the CPA rate reset negotiations have been completed.

As usual, pilots always look at the situation from the front seat perspective and rarely see the bigger picture. ACPA may bargain for the pilots but AC issues are much broader than those that fall within the sole purview of ACPA.

Contract 2012 is starting to make Contract 1998 look like a monumental victory. And all because the bigger picture continues to elude ACPA.
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Re: Air India in talks with Air Canada to lease out five Boe

Post by mbav8r »

http://airnation.net/2012/05/14/air-ind ... -grounded/
I didn't think India had the right to strike, forgive my ignorance, do they have unions there as well?
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airway
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Re: Air India in talks with Air Canada to lease out five Boe

Post by airway »

justwork wrote: The article says it's a dry lease deal. Crew's at AC will never see the planes. .
Huh? Generally, when airlines "dry lease" an aircraft from another company, it is so they can operate it themselves with their employees. Are you saying AC is doing this as a investment?
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teacher
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Re: Air India in talks with Air Canada to lease out five Boe

Post by teacher »

yycflyguy wrote:
teacher wrote:OR maybe Air Canada is gonna start focusing on where they can actually make money.
Like a reduction in the CPA?
:lol: You so funny. You think it'd be cheaper if you guys did the regional flying? Even at these rates AC makes more money with us doing the flying than if you guys did it so don't go there. Regardless any money saved is good money no doubt. Jazz WILL be getting a hair cut in this round of rate negotiations I'm sure. I have a feeling it will benefit both AC AND Jazz.

Don't do the usual ACPA thing and look for your salvation in the wrong direction.
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Stu Pidasso
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Re: Air India in talks with Air Canada to lease out five Boe

Post by Stu Pidasso »

milehighclub wrote:Nope. Selling headsets and crappy food during flights :rolleyes:

Try - any other airline in the free world - before you knock the food on AC.
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yycflyguy
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Re: Air India in talks with Air Canada to lease out five Boe

Post by yycflyguy »

teacher wrote:
yycflyguy wrote:
teacher wrote:OR maybe Air Canada is gonna start focusing on where they can actually make money.
Like a reduction in the CPA?
:lol: You so funny. You think it'd be cheaper if you guys did the regional flying? Even at these rates AC makes more money with us doing the flying than if you guys did it so don't go there. Regardless any money saved is good money no doubt. Jazz WILL be getting a hair cut in this round of rate negotiations I'm sure. I have a feeling it will benefit both AC AND Jazz.

Don't do the usual ACPA thing and look for your salvation in the wrong direction.
Glad you saw the humour. It was meant to yank your chain. However, I was not implying that AC would do the regional flying. Especially now that there is a code share with United and their subsidiary Colgan Air. That's like providing lift for free.
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Re: Air India in talks with Air Canada to lease out five Boe

Post by Old fella »

Colgan Air......... this old wrinkled arse won't be on them.
:smt013 :smt096
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Inverted2
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Re: Air India in talks with Air Canada to lease out five Boe

Post by Inverted2 »

Old fella wrote:Colgan Air......... this old wrinkled arse won't be on them.
:smt013 :smt096
You mean the ones who pull back on the controls when they stall and retract the flaps? :shock: Me neither. I guess safety isn't Air Canadas #1 priority. It's the almighty dollar (for the management). :wink:
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Re: Air India in talks with Air Canada to lease out five Boe

Post by Localizer »

I think safety slides in somewhere after profits and bonus. Funny (not really) that a 777 engine ate itself apart on take-off after last being serviced overseas.
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Big Pistons Forever
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Re: Air India in talks with Air Canada to lease out five Boe

Post by Big Pistons Forever »

What..... an airline getting airplanes without talking to the training department to see if they have enough capacity. That could NEVER happen with the current group of airline management "professionals". :rolleyes:

We had a saying for that in a company I used to work for. The boss used the WAPTAMO method when making big decisions (wish away the problem and then a miracle occurs). :roll:
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