
https://www.ctvnews.ca/business/air-can ... -1.4887925
Moderators: North Shore, sky's the limit, sepia, Sulako
I agree. Now that Bernie's out of the race, get ready for 4 more years of Trump!Arnie Pye wrote: ↑Wed Apr 08, 2020 1:34 pm Air Canada must be well over 10,000 employees. Isn't westjet something like 12,000?
I see the same thing with people preposing a rent strike. Let's assume you and all the tenants in your building refuse to pay rent. Landlord expenses continue eventually and since there are no free lunches, eventually the piper must get paid. One of two things happens, the landlord decides there isn't any benefit in being a landlord and sells the building forcing you out or the bank repossesses the building and sells it at a loss. Either way you're out on your ass.
Don't be short sighted. Pay your rent. Support the government bailing out companies as well as supporting the individuals. It's the only way we are going to get through this together.
PS. They also need a full bail out for everyone. Sky Regional, WestJet, Jazz, Porter.President has been set. We are all in this together.
They're the same people who conveniently blame AC for their flights being delayed due to weather or a broken baggage carousel at YYZ. That's why I gave up trying to explain the airline industry to simple minded folks a long time ago.flyingcanuck wrote: ↑Wed Apr 08, 2020 12:48 pm Man the comments on facebook are just horrendous, I cant believe people just let their hate get the better of them. They'd rather AC go bankrupt than keep 10,000+ people employed. Amazing.
EVERY airline, without any exception should follow AC and Flair initiative from today. If one did it there is NO reason another couldn't. just tells you about the employer in fact.
you just got it there. The express carriers are paid for their services, therefore with the capacity reduction they will be paid less, less than 30% of what they were getting, making them eligible.Loon-A-Tic wrote: ↑Wed Apr 08, 2020 6:53 pm The Express carriers are paid to operate the airplane on Air Canada behalf
"In fact, according to unions representing WestJet staff, the future of many of Canada’s leading aircraft carriers hangs in the balance.
Unions are urging the federal government to supply immediate support, to prevent companies like WestJet from going under.
“We’ve never seen an airline or an industry so acutely affected,” said Tim Perry, a WestJet pilot and president of the Air Line Pilots Association (ALPA) Canada.
He continued, “I would go so far as to say devastated, within a matter of weeks.”
While Finance Minister Bill Morneau previously pledged specific measures to help the air transport industry, among other affected industries, he is yet to announce any official funding or plans.
“It is urgent. Time is of the essence,” Perry warned."
Give it to Calin and crew to buy back more stock? It's cheap right now especially seeing as they were buying it back at over $40 in early March...... Or wherever they chose to squirrel it away. It's not a given that it will make it directly back into the economy which is the intent of this money.boeingboy wrote: ↑Wed Apr 08, 2020 11:07 pm Whoopty do....I'm going to go out and give an opinion of reason here.
This does NOTHING for the airline itself, and it only put a bigger financial burden on the federal coffers in the end. I'd rather see the government give a check to the businesses themselves....or grants....or loans....or whatever.
Yea - sure its great for all these employees....making a full paycheck (in some cases) while sitting around at home doing nothing??? yea - EI sucks and it hurts, but we all need to count pennies nowadays - and paying tens of thousands of people more than EI to sit on their ass at home just seems wrong. It's one thing if the business continues to operate (like 70% or so) but it's another when it is practically (or actually in some cases) shut down. I know we are talking about just airlines here - but the subsidy is available to everyone in the country.
The inflation and debt is going to be big enough when and if we ever get to the other side of this....for the country and all the businesses.
From the president of ALPA just the other day..."In fact, according to unions representing WestJet staff, the future of many of Canada’s leading aircraft carriers hangs in the balance.
Unions are urging the federal government to supply immediate support, to prevent companies like WestJet from going under.
“We’ve never seen an airline or an industry so acutely affected,” said Tim Perry, a WestJet pilot and president of the Air Line Pilots Association (ALPA) Canada.
He continued, “I would go so far as to say devastated, within a matter of weeks.”
While Finance Minister Bill Morneau previously pledged specific measures to help the air transport industry, among other affected industries, he is yet to announce any official funding or plans.
“It is urgent. Time is of the essence,” Perry warned."
Thanks for that. You'd think I was so busy these days that I didn't have time to read my own post.MrAviator19 wrote: ↑Wed Apr 08, 2020 2:44 pm President has been set. We are all in this together.
I agree. Now that Bernie's out of the race, get ready for 4 more years of Trump!
Give it to Calin and crew to buy back more stock? It's cheap right now especially seeing as they were buying it back at over $40 in early March...... Or wherever they chose to squirrel it away. It's not a given that it will make it directly back into the economy which is the intent of this money.
Any money going out right now to employee's is going to end up directly into the economy because the people getting laid off have immediate expenses. A huge number of the people getting laid off already live pay cheque to pay cheque. It's not going into their RRSP's.
No idea what the average layed off AC employee in that 16 000 makes but the cost of paying full wages is going to be astronomical compared to giving everyone $573 per week on EI. 16 000 x 573 x 4.2 weeks per month is $38 505 600/ month. My guess is that the cost of paying everyone full wages will be at least double the cost of the EI.Yycjetdriver wrote: ↑Thu Apr 09, 2020 7:02 am This program is only until June 6th. ...
This program is likely just the Federal governments way of using one of the largest/hardest hit industry to alleviate pressure on the EI system. Take AC alone for example, with one payment they’re able to alleviate 16,000+ EI applications and look like hero’s while doing it. ...
Think so? Youd think the government can only support everyone for so long.. I assume it was a bandaid fix for nowtimeflies wrote: ↑Sat Apr 11, 2020 8:44 am I dont think people get it: The CEWS, WILL be extended further than June 6. Bill Morneau is currently speaking and already saying that now it's up to 12 weeks funds for companies available in 2-5 weeks.
it's not about looking good as an employer or a political move to be a hero, airline companies were not forced to utilize this program yet they decided to do it by choice. stop being so negative.
For sure it is a band aid fix. What do you do if you are bleeding ? Put a band aid until you stop bleeding and then you take the band aid off after to let your body recover.flyingcanuck wrote: ↑Sat Apr 11, 2020 11:42 amThink so? Youd think the government can only support everyone for so long.. I assume it was a bandaid fix for nowtimeflies wrote: ↑Sat Apr 11, 2020 8:44 am I dont think people get it: The CEWS, WILL be extended further than June 6. Bill Morneau is currently speaking and already saying that now it's up to 12 weeks funds for companies available in 2-5 weeks.
it's not about looking good as an employer or a political move to be a hero, airline companies were not forced to utilize this program yet they decided to do it by choice. stop being so negative.