WestJet statement on Goverment funding for AC
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- shawnthesheep
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Re: WestJet statement on Goverment funding for AC
Lol high horse much? Give me a fucking break.
Re: WestJet statement on Goverment funding for AC
What’s pathetic about the statement?
Re: WestJet statement on Goverment funding for AC
The first 3 paragraphs.
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Re: WestJet statement on Goverment funding for AC
Early in the pandemic the same CEO played the sympathy card in the media, saying how devastated their business is and announcing the permanent reduction of many positions for cheaper outsourcing options (csa’s, ramp staff and call centre employees) across the country, in addition to the many temporary layoffs. Then an hour after support for your competitor is announced, that ensures job protection, that same CEO feels the need to made a public statement like that. Very unnecessary.
Re: WestJet statement on Goverment funding for AC
I didn’t think there were any kool aid fanboys left.
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Re: WestJet statement on Goverment funding for AC
I don't see any issue with that. It's just a statement of fact.
Re: WestJet statement on Goverment funding for AC
And that’s how capitalism works.
I’m sure that the unemployed at Air Canada are just overjoyed that the Nomenklatura there only get 20 pilot salaries worth of compensation with their tax dollars that the government says will be returned... .but like a kid who’s grounded for a month that you see riding his bike the next Friday.........I somehow doubt it.
I’m sure that the unemployed at Air Canada are just overjoyed that the Nomenklatura there only get 20 pilot salaries worth of compensation with their tax dollars that the government says will be returned... .but like a kid who’s grounded for a month that you see riding his bike the next Friday.........I somehow doubt it.
- RRJetPilot
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Re: WestJet statement on Goverment funding for AC
Brooks? Hes been quite lately.
Re: WestJet statement on Goverment funding for AC
Too busy eating AC’s lunch I guess. Maybe it gave him heartburn?
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Re: WestJet statement on Goverment funding for AC
I just think coming out right away saying that after months of playing the sympathy card while making permanent reductions isn’t needed.Launchpad1 wrote: ↑Tue Apr 13, 2021 5:33 pm I don't see any issue with that. It's just a statement of fact.
I get the decision by Onex to not take a similar package, they’re not hurting for cash so there’s no reason for them to give the government a stake in Westjet.
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Re: WestJet statement on Goverment funding for AC
wait for westjet to soon get a gov't loan, and release a statement saying "we didn't need it, but we'll take it anyways"
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Re: WestJet statement on Goverment funding for AC
I think the thing is that Onex has cash and access to cash at better rates than the Federal program offers. They don't want to have to do things like guarantee service to money losing routes, or guarantee employment numbers, or do anything that will take control away and reduce their competitiveness... or cap Schwartz's salary...redbusdriver wrote: ↑Wed Apr 14, 2021 1:39 pm wait for westjet to soon get a gov't loan, and release a statement saying "we didn't need it, but we'll take it anyways"
They would take direct subsidy, or free cash bailout, but why take money they have to pay back when they can get it without the strings attached for less of they need it.
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Re: WestJet statement on Goverment funding for AC
good pointaltiplano wrote: ↑Wed Apr 14, 2021 3:33 pmI think the thing is that Onex has cash and access to cash at better rates than the Federal program offers. They don't want to have to do things like guarantee service to money losing routes, or guarantee employment numbers, or do anything that will take control away and reduce their competitiveness... or cap Schwartz's salary...redbusdriver wrote: ↑Wed Apr 14, 2021 1:39 pm wait for westjet to soon get a gov't loan, and release a statement saying "we didn't need it, but we'll take it anyways"
They would take direct subsidy, or free cash bailout, but why take money they have to pay back when they can get it without the strings attached for less of they need it.
Re: WestJet statement on Goverment funding for AC
I wouldn’t be surprised if they get low interest loans for an order of Quebec made A220’s
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Re: WestJet statement on Goverment funding for AC
Air Canada was offered a line of credit. If WestJet gets a similar offer, why would they refuse it?altiplano wrote: ↑Wed Apr 14, 2021 3:33 pmI think the thing is that Onex has cash and access to cash at better rates than the Federal program offers. They don't want to have to do things like guarantee service to money losing routes, or guarantee employment numbers, or do anything that will take control away and reduce their competitiveness... or cap Schwartz's salary...redbusdriver wrote: ↑Wed Apr 14, 2021 1:39 pm wait for westjet to soon get a gov't loan, and release a statement saying "we didn't need it, but we'll take it anyways"
They would take direct subsidy, or free cash bailout, but why take money they have to pay back when they can get it without the strings attached for less of they need it.
Having access to cash (that they're not forced to draw from) is something that they would be dumb to refuse, unless it had some concessions that would make it more costly.
Re: WestJet statement on Goverment funding for AC
Because it came with a 15% equity stake and other strings attached.notwhoyouthinkIam wrote: ↑Thu Apr 15, 2021 7:34 amAir Canada was offered a line of credit. If WestJet gets a similar offer, why would they refuse it?altiplano wrote: ↑Wed Apr 14, 2021 3:33 pmI think the thing is that Onex has cash and access to cash at better rates than the Federal program offers. They don't want to have to do things like guarantee service to money losing routes, or guarantee employment numbers, or do anything that will take control away and reduce their competitiveness... or cap Schwartz's salary...redbusdriver wrote: ↑Wed Apr 14, 2021 1:39 pm wait for westjet to soon get a gov't loan, and release a statement saying "we didn't need it, but we'll take it anyways"
They would take direct subsidy, or free cash bailout, but why take money they have to pay back when they can get it without the strings attached for less of they need it.
Having access to cash (that they're not forced to draw from) is something that they would be dumb to refuse, unless it had some concessions that would make it more costly.
Re: WestJet statement on Goverment funding for AC
I think I said why they might refuse it.notwhoyouthinkIam wrote: ↑Thu Apr 15, 2021 7:34 amAir Canada was offered a line of credit. If WestJet gets a similar offer, why would they refuse it?altiplano wrote: ↑Wed Apr 14, 2021 3:33 pmI think the thing is that Onex has cash and access to cash at better rates than the Federal program offers. They don't want to have to do things like guarantee service to money losing routes, or guarantee employment numbers, or do anything that will take control away and reduce their competitiveness... or cap Schwartz's salary...redbusdriver wrote: ↑Wed Apr 14, 2021 1:39 pm wait for westjet to soon get a gov't loan, and release a statement saying "we didn't need it, but we'll take it anyways"
They would take direct subsidy, or free cash bailout, but why take money they have to pay back when they can get it without the strings attached for less of they need it.
Having access to cash (that they're not forced to draw from) is something that they would be dumb to refuse, unless it had some concessions that would make it more costly.
Conditions that restrict their competitiveness.