Jetlines files preliminary IPO

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Boreas
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Re: Jetlines files preliminary IPO

Post by Boreas »

Old fella wrote: Being an old guy, I would hope the younger set of guys/gals would steer clear of such companies if as what is being suggested holds true. I have every reason to believe it is, just remember this Jetsgo outfit and what went on there. I really hope you younger kids are as smart as I think you are. Outfits such Jetlines is pipe dreaming at it's best, there are too many examples over the years to suggest otherwise. Don't waste your money......
I honestly don't think they'll have an issue finding pilots. There are going to be guys lined up, PPC in hand, ready to get some 320 fam. - or whatever they're going to fly - time. That way they'll be able to cash in on those fat contracts over in Asia and shave years off their careers :mrgreen:
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bizjets101
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Re: Jetlines files preliminary IPO

Post by bizjets101 »

Guess things just got more serious because Boeing/Jetlines just announced Order for Five 737 MAX 7s

Boeing Press Release

VANCOUVER, Dec. 15, 2014 /CNW/ - Inovent Capital Inc. (TSX Venture – IVQ.P, "Inovent") reports that Inovent is advised by its counterparty in a proposed amalgamation, Canada Jetlines Ltd. ("Jetlines"), that on December 11th, 2014, Jetlines signed a definitive purchase agreement with The Boeing Company ("Boeing") to acquire up to twenty-one (21) Boeing 737 MAX aircraft for delivery commencing in 2021 (the "Agreement"). The Agreement includes five (5) firm orders, purchase rights for an additional sixteen (16) 737 MAX and some conversion rights to the 737-8 MAX aircraft.
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GRK
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Re: Jetlines files preliminary IPO

Post by GRK »

Did that PR say 2021? How exciting I must say...
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bizjets101
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Re: Jetlines files preliminary IPO

Post by bizjets101 »

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URC
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Re: Jetlines files preliminary IPO

Post by URC »

Guess things just got more serious because Boeing/Jetlines just announced Order for Five 737 MAX 7s
They still don't have the $50 million yet. I wonder how much up front Boeing needs to see before they will take a "definitive" order ?

Hey let's all throw in a few bucks and put in an order for 10 B777's, AvCanada International. Dibs on CEO.
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Pop n Fresh
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Re: Jetlines files preliminary IPO

Post by Pop n Fresh »

URC wrote:
Hey let's all throw in a few bucks and put in an order for 10 B777's, AvCanada International. Dibs on CEO.
I like it. Maybe we should work up to it starting with this.

http://www.controller.com/listingsdetai ... 323655.htm
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MCB
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Re: Jetlines files preliminary IPO

Post by MCB »

Pop n Fresh wrote:
URC wrote:
Hey let's all throw in a few bucks and put in an order for 10 B777's, AvCanada International. Dibs on CEO.
I like it. Maybe we should work up to it starting with this.

http://www.controller.com/listingsdetai ... 323655.htm
I'm in. Will you pay 500?
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Re: Jetlines files preliminary IPO

Post by CpnCrunch »

Pop n Fresh wrote:
URC wrote:
Hey let's all throw in a few bucks and put in an order for 10 B777's, AvCanada International. Dibs on CEO.
I like it. Maybe we should work up to it starting with this.

http://www.controller.com/listingsdetai ... 323655.htm
We can fly the economy passengers in this:

http://www.controller.com/listingsdetai ... 315679.htm
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boeingboy
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Re: Jetlines files preliminary IPO

Post by boeingboy »

These guys will be long gone by 2021.
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Re: Jetlines files preliminary IPO

Post by HavaJava »

I still maintain that these guys will fade away to nothing after the Westjet pilots ratify their contract. But don't worry, they or someone like them will pop up next negotiations/union push.

A shitty website, a few paid off chrony execs, and some meaningless 737 options (the options which can probably be sold for a profit if need be) is a cheap way to scare Westjetters into labour stability.
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True North
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Re: Jetlines files preliminary IPO

Post by True North »

HavaJava wrote:I still maintain that these guys will fade away to nothing after the Westjet pilots ratify their contract. But don't worry, they or someone like them will pop up next negotiations/union push.

A shitty website, a few paid off chrony execs, and some meaningless 737 options (the options which can probably be sold for a profit if need be) is a cheap way to scare Westjetters into labour stability.
Am I to take it you believe Canada Jetlines is a shell company set up by the WestJet executive in order scare their employees into accepting a contract?
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Pop n Fresh
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Re: Jetlines files preliminary IPO

Post by Pop n Fresh »

CpnCrunch wrote:
Pop n Fresh wrote:
URC wrote:
Hey let's all throw in a few bucks and put in an order for 10 B777's, AvCanada International. Dibs on CEO.
I like it. Maybe we should work up to it starting with this.

http://www.controller.com/listingsdetai ... 323655.htm
We can fly the economy passengers in this:

http://www.controller.com/listingsdetai ... 315679.htm
Have we sent our maintainers out to look that one over.
MCB wrote: I'm in. Will you pay 500?
Probably, we are generous because we are so great.
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airspeed250
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Re: Jetlines files preliminary IPO

Post by airspeed250 »

HavaJava wrote: A shitty website, a few paid off chrony execs, and some meaningless 737 options (the options which can probably be sold for a profit if need be) is a cheap way to scare Westjetters into labour stability.
He has probably been in the business longer than you have.
https://www.linkedin.com/pub/dave-solloway/5/a89/6

scroll down to officers and executives...
http://www.jetlines.ca/

Also, Tim Morgan is starting jet naked (from enerjet)... along with some well seasoned airline execs from the US. Would you also call them "paid off chrony execs"?
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Re: Jetlines files preliminary IPO

Post by xchox »

So what is going to be different then JetsGo? :|
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Re: Jetlines files preliminary IPO

Post by Canadianjetpilot »

Jetlines...I dont hold out much hope for these guys.

Stopped in at their 'office' downtown Vancouver. Not an office, its a law firm representing them. The 'office' at YVR is effectively a closet...small, unoccupied and unfurnished. This is a company that was registered in 2006. This is a company that has settled on the A319 as the 'right' plane and then switched to the B737. Initial launch was proposed as Fall 2014 now its Spring 2015. They have no airplanes and no staff. So much of what they are doing is weak at best. Westjet had the benefit of a distracted AC, a failed CP Air, over 180 million startup bankroll(which was effectively all used before they got momentum) all combined with timing and luck to allow them succeed.

The two biggest costs to an airline are fuel and pilot wages. You cant change what you pay for fuel but you can change what you pay for pilots and I have a dollar says the pilots will be paid squat and worked hard on their own dime. As well, there will be experience issues. Jetsgo upgraded pilots to CPT in as little as 6 months with no jet experience before they got to Jetsgo and it showed in the many incidents they had...flying above certified, stalling in coffin corner, driving off the sides of runways. The fact they didn't kill anyone is a small miracle.

As far as pilots go, I hate to say it but there will some who will pay $35,000(?) for their own training, will accept 22 days a month, zilch per diem and 14 hour days and min crew rest (and other such ridiculous work conditions) as they were at Jetsgo. Some will come out of it with a B737 type, and, might even build enough time to get a job somewhere else when the shop closes. And then there WILL be those left holding the bag. Sadly.

10cents per ASM is a pipe dream. Fuel costs alone make that virtually impossible and they will be going up against seasoned, prepared, aggressive competition.

My advice to any young or upstart pilots is don't go (another) 5 figures further into debt. Don't allow yourself to be raped and put at risk chasing a jet seat. If you truly love this line of work be smart and take a good job with an established carrier.
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ScudRunner
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Re: Jetlines files preliminary IPO

Post by ScudRunner »

Anyone know what Westjet paid its pilots when they first started flying compared to AC or Canadian??
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Re: Jetlines files preliminary IPO

Post by Jean-Luc Monette »

Canadianjetpilot wrote:
The two biggest costs to an airline are fuel and pilot wages.
What about lease payments and aircraft maintenance?
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ScudRunner
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Re: Jetlines files preliminary IPO

Post by ScudRunner »

Jean-Luc Monette wrote:
Canadianjetpilot wrote:
The two biggest costs to an airline are fuel and pilot wages.
What about lease payments and aircraft maintenance?

Actually its more like: The Two biggest Variable costs to an Airline are Fuel and staff wages.

Lease and Maintenance cost are big but they are fairly predicable, keep in mind most engines are leased even on owned aircraft.
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Re: Jetlines files preliminary IPO

Post by Jean-Luc Monette »

. wrote:
Jean-Luc Monette wrote:
Canadianjetpilot wrote:
The two biggest costs to an airline are fuel and pilot wages.
What about lease payments and aircraft maintenance?

Actually its more like: The Two biggest Variable costs to an Airline are Fuel and staff wages.

Lease and Maintenance cost are big but they are fairly predicable, keep in mind most engines are leased even on owned aircraft.
Got that! Just wanted to make the point that pilot wages are fairly low compared to the 3 others mentioned... I've been flying for unionized companies for 26 years, and pilot wages have never made or broken a company...
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Re: Jetlines files preliminary IPO

Post by CropDuster »

Actually these guys will have more money then Westjet did when they started. These guys are all Cathey pacific and have the knowledge to do it.

Everything negative that is being said about Jetlines here has no grounds. To be honest all of you are scared that your pay checks are in jeopardy.
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Last edited by CropDuster on Wed Jan 07, 2015 1:22 am, edited 1 time in total.

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Re: Jetlines files preliminary IPO

Post by URC »

Actually these guys have more money then Westjet did when they started.
They don't have the money yet. The deadline is now January 31. Unless they extend it again ? Tick Tock. Not to mention the the price of oil was $16.00/bbl in 1996 when WestJet started.
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Re: Jetlines files preliminary IPO

Post by Independence »

As the oil sands charter flying slows up (which it will at $48/barrel) there may be a few airplanes/operators looking closer at a sked operation.
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