ONEX plans
Moderators: sky's the limit, sepia, Sulako, lilfssister, North Shore, I WAS Birddog
Re: ONEX plans
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.
The WJ of today is nothing like the WJ of previous downturns.
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Re: ONEX plans
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.
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.
Re: ONEX plans
Swoop isn’t growthseriousflyer 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.
Re: ONEX plans
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Last edited by DropTanks on Wed Feb 05, 2020 11:08 am, edited 1 time in total.
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Re: ONEX plans
I hear around 50 FO spots just opened up at Swoop. Fill your boots guys ! Shiny jet !
Re: ONEX plans
Cause they're all leaving for AC.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 !
Why anyone would want to work 20 days a month just to fly a 737 for $120k is beyond me.
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Re: ONEX plans
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.
Re: ONEX plans
No one is going from a Navajo or 1900 to the left seat of a 737......
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Re: ONEX plans
10 years ago no one was going from a 172 onto a Q400, yet here we are.No one is going from a Navajo or 1900 to the left seat of a 737......
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Re: ONEX plans
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.
But obviously Onex will make some changes, they didn’t pay a $12 premium to keep running it the same.
Billions of Bilious Blue Blistering Barnacles!
Re: ONEX plans
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..
Re: ONEX plans
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
Re: ONEX plans
I heard they were offering LOA’s while the max was grounded, was it WJ flights cancelled or Encore flights?cjet wrote: ↑Tue Jul 30, 2019 7:16 amsstaurus 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
Re: ONEX plans
fish4life wrote: ↑Tue Jul 30, 2019 9:49 amI heard they were offering LOA’s while the max was grounded, was it WJ flights cancelled or Encore flights?cjet wrote: ↑Tue Jul 30, 2019 7:16 amsstaurus 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
Mainline Westjet.
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Re: ONEX plans
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?
Re: ONEX plans
Garneau was the first to approve the deal on 24 June, so the Feds don’t seem to have an issue.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?
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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Re: ONEX plans
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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Re: ONEX plans
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.
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.
Re: ONEX plans
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.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.