ONEX plans

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Hangry
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Re: ONEX plans

Post by Hangry »

Onex will be all about dat WJ until the economy slows, if it does. Does anyone really think Onex is going to sit on WJ and invest in massive expansion during a worldwide economic downturn? They are about making cash and nothing else. If things go bad like (pick your downturn) I can’t see the new business daddy sticking it out long term.

The WJ of today is nothing like the WJ of previous downturns.
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altiplano
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Re: ONEX plans

Post by altiplano »

4-7 years.

That's 95% of what they do.
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seriousflyer
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Re: ONEX plans

Post by seriousflyer »

If onex wants to play hardball with the pilots, we will just play hardball back. Just like before.

I belive onex will accelerate growth and sell company via IPO in 5-10 years.

Espp plan has been announced for all westjetters except pilots. Pilots are negotiating through alpa team.
The replacement plan is better than the old plan. Allows for 2 or 3 year lock in period for additional matching % above 20%.
I think redistruutrtion of assets is possible. I actually predict everything will grow, including swoop. 30 tails asap.
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Hangry
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Re: ONEX plans

Post by Hangry »

seriousflyer wrote: Thu Jul 25, 2019 11:30 pm If onex wants to play hardball with the pilots, we will just play hardball back. Just like before.

I belive onex will accelerate growth and sell company via IPO in 5-10 years.

Espp plan has been announced for all westjetters except pilots. Pilots are negotiating through alpa team.
The replacement plan is better than the old plan. Allows for 2 or 3 year lock in period for additional matching % above 20%.
I think redistruutrtion of assets is possible. I actually predict everything will grow, including swoop. 30 tails asap.
Swoop isn’t growth
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DropTanks
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Re: ONEX plans

Post by DropTanks »

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Last edited by DropTanks on Wed Feb 05, 2020 11:08 am, edited 1 time in total.
doiwannabeapilot
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Re: ONEX plans

Post by doiwannabeapilot »

I hear around 50 FO spots just opened up at Swoop. Fill your boots guys ! Shiny jet !
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Warden
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Re: ONEX plans

Post by Warden »

doiwannabeapilot wrote: Fri Jul 26, 2019 6:00 am I hear around 50 FO spots just opened up at Swoop. Fill your boots guys ! Shiny jet !
Cause they're all leaving for AC. :lol:

Why anyone would want to work 20 days a month just to fly a 737 for $120k is beyond me.
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goldeneagle
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Re: ONEX plans

Post by goldeneagle »

Warden wrote: Fri Jul 26, 2019 7:52 am Why anyone would want to work 20 days a month just to fly a 737 for $120k is beyond me.
Tell that to the person on call 31 days a month to launch a navajo at a job that brings in around 40K over the year. Then there are the folks pounding out 20 days a month on a 1900 for under 40K.

A hundred grand to fly a 737 with 10 days off every month sounds pretty peachy in comparison.
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Warden
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Re: ONEX plans

Post by Warden »

No one is going from a Navajo or 1900 to the left seat of a 737......
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DirtyDashDriver
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Re: ONEX plans

Post by DirtyDashDriver »

No one is going from a Navajo or 1900 to the left seat of a 737......
10 years ago no one was going from a 172 onto a Q400, yet here we are.
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CaptainHaddock
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Re: ONEX plans

Post by CaptainHaddock »

They are looking for a lot of FO’s because they couldn't get many the last 2 bids (I think they got 7 out of the 22 they were looking for). If Onex wants to expand WestJet WB rapidly they will require lots of pilots, currently Swoop/Encore are having a hard time attracting qualified pilots and WJ is losing pilots to AC. So the current system will have to change. Swoop is not growth for WJ, it is an extended penal sentence for Encore guys/gals that should have been flowing to WJ, it has also removed 60-70 upgrades at least from WJ. So unless they align the Swoop conditions to WJ they will continue exasperate any large recruitment plans.
But obviously Onex will make some changes, they didn’t pay a $12 premium to keep running it the same.
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sstaurus
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Re: ONEX plans

Post by sstaurus »

Maybe someone at onex will knock some sense into the higher ups. Encore also continues to bleed pilots at a steady rate, and pretty soon will need to start shrinking the schedule unless there are some incentives provided soon to get people to stick around. Or they could continue to ride all the current captains past the point of burnout. Either way..
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cjet
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Re: ONEX plans

Post by cjet »

sstaurus wrote: Tue Jul 30, 2019 5:58 am Maybe someone at onex will knock some sense into the higher ups. Encore also continues to bleed pilots at a steady rate, and pretty soon will need to start shrinking the schedule unless there are some incentives provided soon to get people to stick around. Or they could continue to ride all the current captains past the point of burnout. Either way..

WJ has cancelled more than 40 flts over the last 2 weeks due to lack of crew.

Cjet
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fish4life
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Re: ONEX plans

Post by fish4life »

cjet wrote: Tue Jul 30, 2019 7:16 am
sstaurus wrote: Tue Jul 30, 2019 5:58 am Maybe someone at onex will knock some sense into the higher ups. Encore also continues to bleed pilots at a steady rate, and pretty soon will need to start shrinking the schedule unless there are some incentives provided soon to get people to stick around. Or they could continue to ride all the current captains past the point of burnout. Either way..

WJ has cancelled more than 40 flts over the last 2 weeks due to lack of crew.

Cjet
I heard they were offering LOA’s while the max was grounded, was it WJ flights cancelled or Encore flights?
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cjet
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Re: ONEX plans

Post by cjet »

fish4life wrote: Tue Jul 30, 2019 9:49 am
cjet wrote: Tue Jul 30, 2019 7:16 am
sstaurus wrote: Tue Jul 30, 2019 5:58 am Maybe someone at onex will knock some sense into the higher ups. Encore also continues to bleed pilots at a steady rate, and pretty soon will need to start shrinking the schedule unless there are some incentives provided soon to get people to stick around. Or they could continue to ride all the current captains past the point of burnout. Either way..

WJ has cancelled more than 40 flts over the last 2 weeks due to lack of crew.

Cjet
I heard they were offering LOA’s while the max was grounded, was it WJ flights cancelled or Encore flights?

Mainline Westjet.
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Hugh Jasshole
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Re: ONEX plans

Post by Hugh Jasshole »

What are the chances that the deal will not go through??? That peckerwood with nice hair in Ottawa might not allow it so he can screw the west even more?
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aerobod
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Re: ONEX plans

Post by aerobod »

Hugh Jasshole wrote: Wed Jul 31, 2019 10:04 am What are the chances that the deal will not go through??? That peckerwood with nice hair in Ottawa might not allow it so he can screw the west even more?
Garneau was the first to approve the deal on 24 June, so the Feds don’t seem to have an issue.

A $200 million backout payment is due from Onex if they don’t complete the deal and the shareholders and Alberta court of Queens Bench have also approved as of last week. Not many hurdles left to pass now.
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Hugh Jasshole
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Re: ONEX plans

Post by Hugh Jasshole »

Just debating if I should wait to sell at the $31.00 buy out, or sell it now for $30.70. I would lose about 3k.
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kiaszceski
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Re: ONEX plans

Post by kiaszceski »

It's basically how much you thrust ONEX on their plan and ability to make Westjet a real competitor to AC...
Personally I would wait to have more info on ONEX plan and the MAX, and whether they would shift or not to the A320 Neo and use the more they invested into a 787 order.
Don't forget the newly Joint Venture with Delta.
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aerobod
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Re: ONEX plans

Post by aerobod »

kiaszceski wrote: Wed Jul 31, 2019 11:17 am It's basically how much you thrust ONEX on their plan and ability to make Westjet a real competitor to AC...
Personally I would wait to have more info on ONEX plan and the MAX, and whether they would shift or not to the A320 Neo and use the more they invested into a 787 order.
Don't forget the newly Joint Venture with Delta.
What Onex does post takeover has no bearing on the share price. Assuming the deal goes through, on completion before Onex assumes control all shareholders will be paid out at $31 (or the difference between $31 and strike price for options), whether they like it or not. Selling now up to the deal completion will yield the current trading price per share which Onex has no influence over. The market seems to think the deal is low risk of not going through, with the trading price only $0.29 to $0.23 below the deal price over the past week.
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