Let the slide begin

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D-Iced
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Let the slide begin

#1 Post by D-Iced » Mon Oct 01, 2012 8:43 am

http://www.theprovince.com/business/fp/ ... story.html

Well, there it is then. We are now officially starting our slide to the bottom. VERY disappointing news indeed. Sky Regional does it cheaper which will surely play out in a future bid vs Chorus / JAZZ. Sad days for aviation in Canada.
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Re: Let the slide begin

#2 Post by Inverted2 » Mon Oct 01, 2012 9:03 am

I sincerely hope (but not expecting) to hear a good news announcement from Jazz in the near future. If not, I think it's time for a serious call to turf the upper management at this company. Our president has become a lame duck and we only hear from him when he issues a doom and gloom memo when announcements like this happen.
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AutoPilot Off
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Re: Let the slide begin

#3 Post by AutoPilot Off » Mon Oct 01, 2012 9:23 am

Inverted2 that egzact statement has been repeated over and over again for the last well..... 10 years.?
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FICU
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Re: Let the slide begin

#4 Post by FICU » Mon Oct 01, 2012 10:59 am

Is there a significant difference in WAWCON between Sky Regional and Jazz to give them a cost advantage when bidding on CPA work?
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Re: Let the slide begin

#5 Post by RFN » Mon Oct 01, 2012 11:25 am

Jazz has higher wages, pensions per diems etc etc. We also have retirees (for now) who are drawing pensions as well.

Skyregional is cheaper, because they ARE cheaper.
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rudder
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Re: Let the slide begin

#6 Post by rudder » Mon Oct 01, 2012 11:51 am

For the most part, it will be Year 1 employees. Discounted pay rates and bare minimum retirement plan and benefits are just gravy. AC is drooling over this as it will represent a substantial discount from Jazz CPA rates and margin. Of course, AC will have to bear 100% of the cost of Financing and providing aircraft as well as likely funding 100% of start up costs. Not a bad deal for Sky Regional. Zero capital investment and almost zero risk. And probably close to zero profit as well. Welcome to the future.
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