Jazz Pilot Bid Out

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rudder
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Re: Jazz Pilot Bid Out

#26 Post by rudder » Tue Sep 18, 2012 3:46 pm

mbav8r wrote:Yah, 42 deliveries of 705/900 replacing remaining 100/200 aswell as some Dash8100/300s. First deliveries to take place with pluna 900s once import in place, then from factory, one a month starting Jan 2013. Also placed an order for 58 Cseries, starting feb 2014.
It's all there on flyjazz.ca under media
Was that announcement dated April 01st :rolleyes: I sure hope so.

No one is even sure that AC and CHR are having any conversations right now, forget agreements having been reached. AC/CHR do not have to publicly report discussions, only material agreements once reached and placed in effect. Regardless, if no news is forthcoming by year-end, that is not good news for CHR. It means that AC is pursuing discussions with other service providers.
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ticasse
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Re: Jazz Pilot Bid Out

#27 Post by ticasse » Mon Oct 01, 2012 7:37 am

Heard a rumor that November and December ground schools are cancelled, is that true ?
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mbav8r
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Re: Jazz Pilot Bid Out

#28 Post by mbav8r » Mon Oct 01, 2012 7:54 am

Might want to start applying at SkyRegional, what a f@%kn joke this industry has become
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Stinky
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Re: Jazz Pilot Bid Out

#29 Post by Stinky » Mon Oct 01, 2012 8:30 am

Agreed, I think I'll apply at Sky Regional. I never thought I would say that, but Jazz is finished.
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jazzbeat
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Re: Jazz Pilot Bid Out

#30 Post by jazzbeat » Mon Oct 01, 2012 8:54 am

Here we go again

Just like in 2005, every FO we have Will be running for the door...

The future is now with Baby Westjet and Sky Reg...

I would be going the westjet route if I had the choice this time
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cj555
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Re: Jazz Pilot Bid Out

#31 Post by cj555 » Mon Oct 01, 2012 10:31 am

Stinky wrote:Agreed, I think I'll apply at Sky Regional. I never thought I would say that, but Jazz is finished.

What makes you say Jazz is finished?
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Buzz Lightyear
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Re: Jazz Pilot Bid Out

#32 Post by Buzz Lightyear » Mon Oct 01, 2012 11:19 am

That's definitely not a good news but do we really want those EMJs? A friend at AC told me that they're starting to fall appart and they're only a few years old.

Plus it doesn't mean that we won't have something else instead like more 705s. Let's wait and see before jumping out of the ship, we're far from sinking yet.

Anyway those big shots that ALPA hired better come up with a good plan for the future cause it's clear that we can't rely on AC for that!

Buzz
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prop2jet
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Re: Jazz Pilot Bid Out

#33 Post by prop2jet » Mon Oct 01, 2012 11:57 am

Those "Hot Shots" retained by the MEC at Jazz will amount to a waste of money. It is only a matter of time before everyone starts to realize this.
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Stinky
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Re: Jazz Pilot Bid Out

#34 Post by Stinky » Mon Oct 01, 2012 1:34 pm

cj555 wrote:
Stinky wrote:Agreed, I think I'll apply at Sky Regional. I never thought I would say that, but Jazz is finished.

What makes you say Jazz is finished?

Management and shareholders are likely scared off of any big risks after Pluna and Thomas Cook so most work will be from Air Canada.
We're clearly too expensive and they want to park our 50 seat RJ's. They can only outsource so much flying so they'll grow Sky Regional and shrink us. We'll compete against one another and drive prices down further.

I've wasted six years here, I have zero shot at a left seat at Jazz. I know it's a pessimistic comment but if you're not in the left seat now at Jazz, you never will be.
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rudder
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Re: Jazz Pilot Bid Out

#35 Post by rudder » Mon Oct 01, 2012 2:43 pm

Here is a question for OTS pilots - where will you be applying for work in 2013?
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RFN
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Re: Jazz Pilot Bid Out

#36 Post by RFN » Mon Oct 01, 2012 3:15 pm

.
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Last edited by RFN on Mon Feb 23, 2015 7:49 am, edited 1 time in total.

prop2jet
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Re: Jazz Pilot Bid Out

#37 Post by prop2jet » Mon Oct 01, 2012 3:19 pm

People will apply for whatever jobs are out there. Whether it is Jazz, Sky Regional, Porter or Westjet (regional), none of these airlines would be defined as career companies but places one gets some experience and then moves on.

The last round of negotiations at Jazz were geared towards a "Career Contract". I seriously doubt that will be the focus next time around.
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biatch
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Re: Jazz Pilot Bid Out

#38 Post by biatch » Mon Oct 01, 2012 6:16 pm

:lol: you guys are the reason why pilots are weak. One announcement where Jazz doesn't get the work and "Jazz is finished". Did you really think JZA would get it all? SR gets 15 EMB for 3 years and Jazz is done? :lol:

NOBODY wants those EMB. AC had to do something with them. Of course SR will grow, and perhaps Jazz will be status quo for a while but Jazz ain't going away any time soon.

Fancy lawyers? DUMB ASSES. Bloom don't show up until financing is required. PERIOD. He's a paper man.

FACT: taking on 15 EMB for 3 years @ QK would not be a profitable proposition.

One more thing: you think AC management has concluded its business do you? What they got with FOS is a new benchmark. CCAA is very much still a possibility in the next 24 months. If it goes that way, they negotiate from the new benchmark.
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Bang
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Re: Jazz Pilot Bid Out

#39 Post by Bang » Mon Oct 01, 2012 8:41 pm

Ok, i need explanation i think. Why it's the end that AC send 15 aircrafts to SR. What it matters on the operation of Jazz, if AC pilots fly them or it's SR. All the route that jazz used to fly won't change, the embraer route will remain the same no ?
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CanadianEh
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Re: Jazz Pilot Bid Out

#40 Post by CanadianEh » Mon Oct 01, 2012 9:28 pm

Bang wrote:Ok, i need explanation i think. Why it's the end that AC send 15 aircrafts to SR. What it matters on the operation of Jazz, if AC pilots fly them or it's SR. All the route that jazz used to fly won't change, the embraer route will remain the same no ?
It will affect jazz's operation very little, which is the source of many people's discontent. If jazz would have received the e175s, then there would be movement and hiring at jazz, not to mention the Ability to get a type rating on a plane that is well used throughout the world. Also, many jazz pilots worry that with sky regional gaining CPA ground that jazz will be forced to do the work for less eventually (hence the "race to the bottom" references). Bottom line is that our aviation industry in Canada is looking more and more like the US everyday and we know how this will go for pilots.
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Buzz Lightyear
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Re: Jazz Pilot Bid Out

#41 Post by Buzz Lightyear » Tue Oct 02, 2012 7:24 am

Well we did loose some flying:

YUL-YQM is going to Sky
YUL-IAH is going to Sky with EMJ
And I think we lost the last YUL-YYZ operated by the 705

What's next I don't know...
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ChallengerDan
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Re: Jazz Pilot Bid Out

#42 Post by ChallengerDan » Tue Oct 02, 2012 9:43 am

Buzz Lightyear wrote:Well we did loose some flying:
I am curious about where you got that info from.

Do you mean the 705 that is doing yyz-yul at 00h30 and going back at 05h30?
I can see Jazz Maintenance having issues if this flight is not ours anymore...
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RFN
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Re: Jazz Pilot Bid Out

#43 Post by RFN » Tue Oct 02, 2012 10:11 am

The reason why people are justly concerned about the future of Jazz related to this announcement is simple:

Skyregional pay of 40k F/O and 70K Captain for the E175 is roughly 30000 per yr less than Jazz and roughly 80000 per yr less than AC (for Captains). No pensions (as far as I know) and lower perdiems. No retirees, no one on long term disability (yet). No unions at any positions, whereas Jazz has 5 or 6 groups.

Neither group can compete with that, nor should they try.

The reason why Jazz is screwed is that NO company can watch its competitors operate for 30-45% less and expect to survive, period.
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Mig29
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Re: Jazz Pilot Bid Out

#44 Post by Mig29 » Wed Oct 03, 2012 11:43 am

Not the most exciting news to start the month indeed....

Having said this, it's not the end of the world (yet) either!

The problem is obviously that Jazz is not progressing, other then few retirements and early "departures" by some F/Os....but again, everything is cyclicle in this industry and hopefully this is just one prolonged dip in our industry....We shall see.

Btw can anyone confirm that Nov/Dec g/s are indeed cancelled???? October 15th one is still a go?

Thanks
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livin'
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Re: Jazz Pilot Bid Out

#45 Post by livin' » Wed Oct 03, 2012 12:23 pm

They will be coming for concessions from all employees in order to maintain their bonuses.


http://business.financialpost.com/2012/ ... the-works/

Chorus Aviation dividend cut may be in the works

Investors in Chorus Aviation Inc. are being warned Wednesday of a possible dividend cut after an arbitrator sided with Air Canada in the companies’ ongoing rate dispute.

Details of the decision are still unclear. But Chorus issued a statement Wednesday saying the arbitrator had sided with Air Canada in the dispute. Although, it also noted other cost adjustments are going to made in Chorus’ favour.

Debra Williams, Chorus spokeswoman, said the decision is “very complicated” and that the company is still reviewing it and seeking further clarity from the arbitrator.

“We’re unable at this time to provide a comprehensive overview of the result with any certainty,” she said in an email. “However, we can confirm that Air Canada will not receive its full claim in the arbitration. We will provide an update as soon as possible.”

At issue is how much Air Canada pays Chorus through their long-standing relationship that sees the regional carrier fly on the mainline’s behalf.

Under the terms of their partnership, Air Canada covers certain uncontrollable costs at Chorus, like fuel. But it also pays a mark-up on any remaining controllable costs, like wages.

Chorus is currently paid a mark-up of 12.5% of its controllable costs, meaning for every $1 in controllable costs Air Canada pays Chorus $1 plus 12.5¢.

But to ensure Chorus keeps its costs in check, both parties agreed to review the rate of the mark-up in 2009 and 2015 by comparing the increase in Chorus’ costs to those of its regional peers in the U.S. If Chorus’ costs outpace those of its regional peers, the mark-up rate for Air Canada is reduced.



The companies have been locked in a dispute over methodology to determine the rate, retroactive to 2010. Air Canada wanted to adopt a different methodology, which it says would reduce the markup rate to 9.48%, while Chorus said it wants to use the industry standard measure of unit costs, which would keep the rate at 12.5%.

While the outcome of the decision is unclear at this time, Cameron Doerksen, National Bank Financial analyst, said it appears to be a negative for Chorus and may result in a cut to its dividend.

“The arbitration panel did not award Air Canada its full claim and there may be some changes on controllable cost adjustments in Chorus’s favor so the impact will be something better than the worst case scenario,” he said.

While it’s hard to understand the impact at this point, he noted that under the worst-case scenario where Air Canada won outright, Chorus would have to pay nearly $50-million in retroactive payments to Air Canada.

It would also be on the hook for roughly $15-million to $20-million so far this year.

Mr. Doerksen noted that at the end of the second quarter, Chorus had $91.7-million in cash on hand, so it has enough on hand to meet those obligations.

But given its lower cash flow and other capital requirements, he said he would expect a dividend cut in the range of 25% to 35% from 60¢ a share annually today.
At the same time, he noted that under the worst-case scenario his valuation for Chorus would be shaved by 30%. He has $3.50 a share price target on it.

“Given that the financial impact will not be as severe as the worst-case, we do not expect to reduce our target by that magnitude. Nevertheless, our valuation will be reduced and we await further details from Chorus before fully assessing the financial impact,” he said in a note to clients.
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