AC and TRZ Agree to Terminate Arrangement

[altiplano]

The low Transat stock price has nothing to do with the rest of the market..
IF the deal was 100% for sure going to go through then anyone holding shares would receive $18. So why would someone sell at $11-17.99 if they knew they would receive $18 when the deal was finalized(targeted for May). At today's prices you would be looking at a good 30-50% guaranteed return!

The market is judging that despite this guaranteed return, it is not worth the risk of AC pulling the deal. If that happens expect Transat to drop to almost nothing in this environment of panic.

^ ^ ^ That ^ ^ ^

LittleNelly understands.

You guys take it all so personally - but it's simply an interpretation of what it all means.

Fact is that you are behaving unprofessional with your responses to my reasoned posts and your desire for the deal to go through is belied in your replies because it's a great deal for you despite what many of you write... if it goes through and you're happy - good for you, this isn't about me vs you so get some class.

If/When the day comes and the deal is done, absolute we are in it together and I will happily work along side and go to the line for whoever is here - it's not in my control who is here. I'm only writing and trying to have a professional discussion of what's happening in the market in our industry.

[iflyroads]

Transat deal EXPECTED to go through as negotiated.


.....but I like many of you aren't given the full story, as we know CR has countless aces up his sleeve.

[Victory]

Expected to go through according to the CEO of Transat. Who knows if doesn't, in the current market, his company's stock will literally go to zero.

[derateNO]

The low Transat stock price has nothing to do with the rest of the market..
IF the deal was 100% for sure going to go through then anyone holding shares would receive $18. So why would someone sell at $11-17.99 if they knew they would receive $18 when the deal was finalized(targeted for May). At today's prices you would be looking at a good 30-50% guaranteed return!

The market is judging that despite this guaranteed return, it is not worth the risk of AC pulling the deal. If that happens expect Transat to drop to almost nothing in this environment of panic.

^ ^ ^ That ^ ^ ^

LittleNelly understands.

You guys take it all so personally - but it's simply an interpretation of what it all means.

Fact is that you are behaving unprofessional with your responses to my reasoned posts and your desire for the deal to go through is belied in your replies because it's a great deal for you despite what many of you write... if it goes through and you're happy - good for you, this isn't about me vs you so get some class.

If/When the day comes and the deal is done, absolute we are in it together and I will happily work along side and go to the line for whoever is here - it's not in my control who is here. I'm only writing and trying to have a professional discussion of what's happening in the market in our industry.

I'm with you.

If it doesn't go though I'll be pleased. But if it does, I'll welcome all the AT pilots in with open arms.

You can hope something doesn't happen but still not be a dick if it does. It's like people don't understand that.

The way I look at it right now, AT stock is inflated and without this deal they would be in a lot worse of a position.

[montado]

How will Transat stock go to zero? You mean that if air Canada doesn’t buy Transat, Transat is instantly going bankrupt and liquidation? If that’s the case then Transat is not worth anything, so why would AC buy them.

Time to sell those Transat shares! Apparently they are worth nothing!/s

[derateNO]

Didn't say zero mate.

[GATRKGA]

The low Transat stock price has nothing to do with the rest of the market..
IF the deal was 100% for sure going to go through then anyone holding shares would receive $18. So why would someone sell at $11-17.99 if they knew they would receive $18 when the deal was finalized(targeted for May). At today's prices you would be looking at a good 30-50% guaranteed return!

The market is judging that despite this guaranteed return, it is not worth the risk of AC pulling the deal. If that happens expect Transat to drop to almost nothing in this environment of panic.

If/When the day comes and the deal is done, absolute we are in it together and I will happily work along side and go to the line for whoever is here - it's not in my control who is here. I'm only writing and trying to have a professional discussion of what's happening in the market in our industry.

No, Nelly doesn't unfortunately get it either. Just because the consumer loses faith in the acquisition going through, doesn't mean that the deal between TS and AC is also going to follow suit.

You're placing way too high a bet on the feelings of the market. That's because it's exactly that, a feeling. CR isn't acquiring TS based on feelings. He's going after them strategically for plans that go way further than your retirement altiplano.

The agreement is clearly written, and COVID19 won't be the reason AC pulls out. If you do a bit of digging in your same yahoo finance app, you'll come across an article where this exact sentiment has already been confirmed by the TS CEO less than 12 hours ago.

Still, Eustache said the stock market collapse will not effect the Air Canada deal, which was overwhelmingly approved by Transat’s shareholders last summer.

“The condition of the market has nothing to do with (the deal.) Even the pandemic right now, it’s outside of the deal with Air Canada,” Eustache said.

“There’s nothing material happening right now that can change the deal or the price of the deal. The deal is there, we will be there in the end.”

If more of us stopped behaving with such reduced fortitude, perhaps we wouldn't be taken for a laughing stock at every contract opener. The same short-sighted perspective that you've applied towards your intelligent interpretation of this AC/TS acquisition is exactly what made you the right fit at AC; right up the alley with your 2 % raises until 2024 for a short-sighted 10k signing bonus. Perhaps market conditions infringed on your feelings to appreciate the TA in 2014, much like it's provoking your false sense of hope that CR backs out in this pandemic start to 2020.

Your replies and sensations of what is a professional discussion, market analysis, and common sense, clearly indicate to me that you have a strange position on what contemplates class. So I'll save taking coles notes from you.

If/When the day comes and the deal is done, absolute we are in it together and I will happily work alongside and go to the line for whoever is here - it's not in my control who is here. I'm only writing and trying to have a professional discussion of what's happening in the market in our industry.

I'll agree with you there.

The low Transat stock price has nothing to do with the rest of the market..
IF the deal was 100% for sure going to go through then anyone holding shares would receive $18. So why would someone sell at $11-17.99 if they knew they would receive $18 when the deal was finalized(targeted for May). At today's prices you would be looking at a good 30-50% guaranteed return!

The market is judging that despite this guaranteed return, it is not worth the risk of AC pulling the deal. If that happens expect Transat to drop to almost nothing in this environment of panic.

^ ^ ^ That ^ ^ ^

LittleNelly understands.

You guys take it all so personally - but it's simply an interpretation of what it all means.

Fact is that you are behaving unprofessional with your responses to my reasoned posts and your desire for the deal to go through is belied in your replies because it's a great deal for you despite what many of you write... if it goes through and you're happy - good for you, this isn't about me vs you so get some class.

If/When the day comes and the deal is done, absolute we are in it together and I will happily work along side and go to the line for whoever is here - it's not in my control who is here. I'm only writing and trying to have a professional discussion of what's happening in the market in our industry.

I'm with you.

If it doesn't go though I'll be pleased. But if it does, I'll welcome all the AT pilots in with open arms.

You can hope something doesn't happen but still not be a dick if it does. It's like people don't understand that.

The way I look at it right now, AT stock is inflated and without this deal they would be in a lot worse of a position.

Why would you be pleased? I am curious.

[altiplano]

I was responding specifically regarding reasoning the low valuation of the stock.

Stop taking it personally. You may be right, but the MARKET isn't so sure.

[Victory]

How will Transat stock go to zero? You mean that if air Canada doesn’t buy Transat, Transat is instantly going bankrupt and liquidation? If that’s the case then Transat is not worth anything, so why would AC buy them.

Time to sell those Transat shares! Apparently they are worth nothing!/s

Not instantly but they will be bankrupt in a matter of months. Why would AC buy them? Good question.

[tsgas]

How will Transat stock go to zero? You mean that if air Canada doesn’t buy Transat, Transat is instantly going bankrupt and liquidation? If that’s the case then Transat is not worth anything, so why would AC buy them.

Time to sell those Transat shares! Apparently they are worth nothing!/s

Not instantly but they will be bankrupt in a matter of months. Why would AC buy them? Good question.

AC might be expecting a discount in light of the new financial realities.

[TSAM]

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[TSAM]

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[altiplano]

LOL... timing is everything. Yes it's wise.

40 million is like you're first week of losses taking on Transat...

[TSAM]

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[Just another canuck]

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[altiplano]

Altiplano, just gonna come out here and say what everyone else is thinking. You're not nearly as smart as you think you are. I've never seen anyone who thinks they know so much about absolutely everything. And your repeated quotes to tell us not to take it personally is enough. It is personal. Do you not understand what can and will happen to families? You and the rest of the sidekicks clearly care more about your progression (Which won't actually be affected) than the livelihood of thousands of other people. Your selfishness is appalling. You're very good at being an asshole while maintaining a professional attitude. You and the rest of the snot nosed pricks on here would rather see Transat burn, and the rest of the industry too I suspect, than lose a single day of precious seniority. To hell with people with kids and mortgages and car payments and everything else. Whatever happens, I hope I never spend a day at work with you or anyone else who shares your attitude.

I'll take an LOA to help my fellow colleagues. I'll make it work. You and some of the other posters here would likely cut each others throats to climb another rung on the ladder.

Moderators. Delete my post if you wish. I'm done here.

I appreciate your comment, no matter how hyperbilous it is...

Absolutely everything? Like what... a few industry topics!? An opinion you don't like on THIS topic.

But it's a free country and if you don't like my opinion, all the power to you.

It really isn't personal because I don't know you or 99% of your colleagues. You do make it personal though... But what really specifically do you have a problem with? That I think it's a bad deal? That hurts your feelings?

The fact is most airline mergers are bad deals... sorry if that's hard for you to accept.

No, not to hell with anyone personally. Not to hell with families or peoples car payments... I'm not taking about that and have never mentioned it. Is this what it's about for you? Maybe you see the writing on the wall at TRZ? You need AC to save your career or something?

I get it that you personally like the deal, it's good for you! And personally I say good for you... but are you so obtuse to not understand why someone else may not like it? Can't you accept that?

You don't know me, and you couldn't be more wrong. I would take it as far as needed for my colleagues. I stand up for myself and my contract every time.

I want to see you succeed where you are. And if we end up on the same list I want to see us both succeed here.

Anyway... You're done so... have a good one.

[Hangry]

Wow. Anti advocates for himself and he’s an asshole??

Sorry. Maybe the TS guys need a long look in the mirror.

Not one time on this website has a single TS pilot ever shown a shred of gratitude that this deal may indeed save their job. Not a single time. Love to point fingers though at how AC pilots are selfish, single minded a holes.

No one wants to see anyone lose their jobs or go hungry. But be a little humble and realize who is the real winner in this deal. Jesus.

[Jean-Pierre]

The more I hear of the selfish entitlement from and handful of AC pilots, the more I look forward to this deal as the salty tears will be delicious.

Entitlement? Entitled...to their own jobs...

[FL-280]

Funny how times change... 2 months ago we we’re talking about really needing those fins.
Now, all I see is the TS pilots hanging on to this deal for dear life.

[altiplano]

Wow. Anti advocates for himself and he’s an asshole??

Sorry. Maybe the TS guys need a long look in the mirror.

Not one time on this website has a single TS pilot ever shown a shred of gratitude that this deal may indeed save their job. Not a single time. Love to point fingers though at how AC pilots are selfish, single minded a holes.

No one wants to see anyone lose their jobs or go hungry. But be a little humble and realize who is the real winner in this deal. Jesus.

Nobody needs to show gratitude. We're all only pawns in the game and it is what it is. You're right, it's clear who wins in this deal.

And at least understand why not everyone may like the deal from both a professional perspective and a greater industry perspective.

From the greater industry perspective it is clear the reason the stock is down is the market questioning the deal... I'm not sure why that's so hard for people to accept and instead they attack me personally. It is what it is... I don't have a position here, I'm certainly not shorting the stock...

The chasm suggests investors are questioning whether the $720 million deal will happen in light of the coronavirus crisis, which has hammered the prospects for travel companies. Transat said Thursday that a decline in bookings that started Feb. 24 has accelerated to reach 50 per cent in the past few days. The company said it was unable to provide an outlook for the second quarter or the summer travel season.

https://www.google.com/amp/s/www.thesta ... -deal.html

Professionally, it's easy to see why this is a bad deal for AC Pilots. If both pilot groups were at equal wawcon and career prospects it Transat pilots would think it was a bad deal too! This isn't a 'sum is greater than the parts" kinda thing.

As the deal stood last summer, there was already going to be a loss of flying even with all cylinders firing during the heyday, but now? with echoes of industry losses? layoffs, retraction, and travel slow downs? There is even more to be lost. Not to mention the adversarial distraction of merging lists and flying.

Attack the person who writes something they don't like... that's all these guys can offer. If this merger happens, I hope I'm wrong and we get the best contract and all our flying increases and our fleet doubles and we keep hiring 500 pilots a year...

[TSAM]

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[TSAM]

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[Hangry]

The more I hear of the selfish entitlement from and handful of AC pilots, the more I look forward to this deal as the salty tears will be delicious.

Entitlement? Entitled...to their own jobs...

There isn’t a worse trait in a pilot than one who can’t admit when they are wrong, or apologize when they are.

There is probably a different way to go about it than doubling down on an statement like that.

But welcome aboard TSAM! I’m hoping your kin are a little different than you.

[altiplano]

If Joe Blow owns TS stock, he is going to sell because he wants cash to buy toilet paper, despite a guarantee of $18/share. It makes no sense, but that's the world we live in.

I think you have a wrong view of "Joe Blow" investor.

Needs cash for toilet paper? R i g h t...

You don't have to believe me. But market analysts and journalists have wrote same in the last couple days. Also other posters on this site, including one who IMO posts some of the most insightful, thought out commentary on this forum, have posted similar reasoning.

Of course the Transat CEO is saying what he's saying... it's a big payday for him and he needs the deal done yesterday. He's trying to push regulators to go faster because he's a little worried of uncertainty creeping in and torpedoing this deal.

[tsgas]

Not instantly but they will be bankrupt in a matter of months. Why would AC buy them? Good question.

AC might be expecting a discount in light of the new financial realities.

.... so you don't know how this works. For what you said, AC would first have to break the current agreement, then renegotiate. Think that is wise?

You socialists have a lot to learn about how business and capitalism works. Just research what happened when AC merged with CA.