AC and TRZ Agree to Terminate Arrangement

[FL-280]

I lot of theories out there. Specially on the ac pilot forum. I dont believe in a 2000 pilot reduction, no way. The more the bid is delayed, the better imo

[160tonoaha]

I lot of theories out there. Specially on the ac pilot forum. I dont believe in a 2000 pilot reduction, no way. The more the bid is delayed, the better imo

Lol, if in fact, it is -2000, I guess your "superior" career choice going to AC kind of backfired on you.

I can't believe that you actually think that AC hiring you, wasn't some kind of a slip-through-the-cracks situation. I am ashamed to be your colleague 280. You go on to lie about your position, only to show that you're actually a pos that hasn't even finished probation yet. Wow, some quality guys have been turned down for you to be holding a spot on the ACPA list. It makes me disappointed in Stedman and her group on the hiring board.

If it wasn't for your absolute luck, you'd be on the defense right now likely either sitting at WJ or TS shitting yourself as well.

The point I'm trying to make, nobody is in a superior spot right now. This is a shit sandwich no matter how you bite it. Get your head out of your ass, junior.

[lownslow]

Well, at least us quibbling here all have good positions to eventually go back to, in whatever incarnation they may be.

I feel terrible for the guys in places they don't want to be

I feel worse for the guys who would have been in cancelled groundschools. In a lot of cases they quit their old jobs and had the new job evaporate before they got on the property. Depending on where they came from, and especially true for the regionals, they have nothing to backtrack to now. That has to be awful.

[Dh8Classic]

If they lay off in those numbers, forget OTS, it will be 2-3 years before everyone is recalled.

At a minimum, there should be some form of ‘mutuality’ developed within the AC brand family of pilots.

Neither Skyregional, nor Jazz, nor AC should be hiring OTS when an AC or Express pilot is on involuntary layoff. And while it appears that Skyregional and Jazz are most impacted by relative surplus in the near term, nobody’s crystal ball will accurately forecast when their respective junior layoff will be recalled.

Each pilot group should make a commitment that they will secure an undertaking from their employer to hire SKY/Jazz/AC pilots on layoff prior to OTS. It doesn’t cost anybody any of their seniority.

That's a perspective I hadn't heard but it is a very good one.

Always love how the OTS guys are screwed by the regional guys. WJ Encore guys are paying a serious price for doing exactly that. Maybe AC regional ones will too. We will cry for your plight.

[Gilles Hudicourt]

At this stage, I don’t think any of the companies have any idea on what is going to happen. It will be driven by sales, which are driven by what the authorities will do, which is driven by how the Covid crisis unfolds.

The companies will start slowly with limited aircraft and see how sales go, how the public reacts to the right and the freedom to travel, then and only then, they will have a clearer picture of the long term measures they must take with regards to fleet and staff. As I write these words, I dont think any of the CEOs Know what the full outcome will be. The one thing that is certain is that the outcome will be less than it was before Covid.

So for now, they are taking the only measures they know they can take as definitive measure:
1) parking and retiring aircraft that were due to be parked soon anyways: ie A310s and old B767s
2) Getting rid of aircraft which are more recent but which have the advantage of having leases that are due to be renewed

Beyond that, I think the companies who are not already in a bankruptcy situation but which plan on restarting soon, as AC and TS, will play it by ear and put off long term decision to later, once they have a feel of how it will play out.

We are all in uncharted territory. Even the CEOs.....

[Gilles Hudicourt]

Duplicate

[FL320]

Gilles,
Do you know how many A330 leases are due to be renewed; and if the A321LR will still be delivered as per the latest schedule?

[jetpilot]

I was Told that The A321 Neo LR are arriving as squeduled my guess is they renegotiate the A330 entierly and possibly more aircraft paid by hours we have 7 xA330 park on the long term in YMX it give a picture of the restart...it will restart slow I don't plan to be in the first batch of recall after 15 yrs at Transat...

[jetpilot]

I lot of theories out there. Specially on the ac pilot forum. I dont believe in a 2000 pilot reduction, no way. The more the bid is delayed, the better imo

Man you are a ski Instructor that is a better outcome for you...

[rudder]

I was Told that The A321 Neo LR are arriving as squeduled my guess is they renegotiate the A330 entierly and possibly more aircraft paid by hours we have 7 xA330 park on the long term in YMX it give a picture of the restart...it will restart slow I don't plan to be in the first batch of recall after 15 yrs at Transat...

Are all TS Pilots 320/330 type rated?

[FL320]

Are all TS Pilots 320/330 type rated?

Even if 330/321 is a unique position; not all pilots have completed the CCQ (It was in progess but all trainings are stopped) but most are already dual rated. Many of us are also type rated and still current on the A330/321 and the B737 (due to the dual qualification program that does not exist anymore). 2 sims and you’re good to switch aircraft type

[Gilles Hudicourt]

Gilles,
Do you know how many A330 leases are due to be renewed; and if the A321LR will still be delivered as per the latest schedule?

No sorry. As far as I know, the A321LRs will be delivered as initially planned. There was one in Germany ready to be delivered when this thing started.

[Gilles Hudicourt]

Are all TS Pilots 320/330 type rated?

No that was the plan but it is only partially achieved. The last A310s were grounded just on April 1st, and there are 5 B737NGs in the fleet still.

[Dry Guy]

TS pilots stand to loose more than AC pilots in some aspects, look what 10-15 years gets you at TS vs AC, no way a TS pilot has the same quality of life after the merge.

So you wish guys like Gilles, Jean-Luc with over 20 seniority, me with 12 and many other fellow pilots loose their job because if we merge and you keep similar relative seniority it would be terrible for your career.

Just tighten up.

[Localizer]

So Air Canada and Transat A.T have modified their registration with Registre des lobbyistes du Quebec. I assume its a tactic for cash .. but it will be interesting to see where that goes.

[rudder]

Monday is AC Q1 results with live analyst call and Q&A.

That day and that call represents a logical opportunity for AC to discuss the longer term Covid response (capacity/fleet/staffing/finances) and the disposition of the TRZ transaction.

Of note, AC cancelled its ESOP today. Cash conservation is clearly the focus for 2020/2021.

[FL320]

Regarding the acquisition of AT I guess they will keep saying that it’s still in progress -waiting for regulatory approvals.
They sent all the required docs to the European gov and TC, It looks like it’s moving forward as planned and announced.

[Localizer]

Garneau's report is due out on May 2nd, so I assume Monday, that's if it's still on schedule. Also, a few airline analyst are endorsing the deal .. Robert Kokonis for one thinks it will help strengthen the industry post Covid-19. So who really knows .. my gut says it'll work out for AC and the industry in the long run.

[FL320]

Garneau's report is due out on May 2nd, so I assume Monday, that's if it's still on schedule. Also, a few airline analyst are endorsing the deal .. Robert Kokonis for one thinks it will help strengthen the industry post Covid-19. So who really knows .. my gut says it'll work out for AC and the industry in the long run.

The way I understood (maybe I am wrong) is that TC has up to May 2nd to give their report to Garneau (which will not be made public) and then he will make a decision based on the report; it might take more weeks.
It’s clear that a strong national airline will be important in the future in order to compete in an international market (where competitors got financial packages from their Gov.); this acquisition will be positive for AC in the long run.

[aerodude]

It’s clear that a strong national airline will be important in the future in order to compete in an international market (where competitors got financial packages from their Gov.); this acquisition will be positive for AC in the long run.

TRZ stock price is going up a lot. Looks like the deal may go through.

[jetpilot]

Garneau's report is due out on May 2nd, so I assume Monday, that's if it's still on schedule. Also, a few airline analyst are endorsing the deal .. Robert Kokonis for one thinks it will help strengthen the industry post Covid-19. So who really knows .. my gut says it'll work out for AC and the industry in the long run.

The way I understood (maybe I am wrong) is that TC has up to May 2nd to give their report to Garneau (which will not be made public) and then he will make a decision based on the report; it might take more weeks.
It’s clear that a strong national airline will be important in the future in order to compete in an international market (where competitors got financial packages from their Gov.); this acquisition will be positive for AC in the long run.

You are right Transport Canada report is 2 May ( I believe to be positive) then Garneau is Mid June I can't see at this point how they can say no after AC will decide ...

[FL-280]

It’s clear that a strong national airline will be important in the future in order to compete in an international market (where competitors got financial packages from their Gov.); this acquisition will be positive for AC in the long run.

TRZ stock price is going up a lot. Looks like the deal may go through.

Ohh so now the stock price is a good indicator ? Lol... its truly 50/50 and AC doesnt seem to be in the mood to spend much money

[DanWEC]

Monday is AC Q1 results with live analyst call and Q&A.

That day and that call represents a logical opportunity for AC to discuss the longer term Covid response (capacity/fleet/staffing/finances) and the disposition of the TRZ transaction.

Of note, AC cancelled its ESOP today. Cash conservation is clearly the focus for 2020/2021.

Monday is what I'm waiting for with my finger on the buzzer.

Both AC and TRZ have been on a run the last week, outperforming the market by around 500%. I'm under the assumption that AC will go down after Monday's report, but then again a robust strategy release might garner some faith instead. Tough to say.
I sold all my AC 2 weeks ago, up about 3 bucks a share, and shifted all to TRZ, but nervously checking reports every hour.
There's an internal webcast at Transat end of next week as well. Hoping for some news.
At least I have plenty of time to fret and check my screen all day right now. At the end of this I'm done playing and just getting a manager. Too much stress!

[FL320]

Monday is AC Q1 results with live analyst call and Q&A.

That day and that call represents a logical opportunity for AC to discuss the longer term Covid response (capacity/fleet/staffing/finances) and the disposition of the TRZ transaction.

Of note, AC cancelled its ESOP today. Cash conservation is clearly the focus for 2020/2021.

Monday is what I'm waiting for with my finger on the buzzer.

Both AC and TRZ have been on a run the last week, outperforming the market by around 500%. I'm under the assumption that AC will go down after Monday's report, but then again a robust strategy release might garner some faith instead. Tough to say.
I sold all my AC 2 weeks ago, up about 3 bucks a share, and shifted all to TRZ, but nervously checking reports every hour.
There's an internal webcast at Transat end of next week as well. Hoping for some news.
At least I have plenty of time to fret and check my screen all day right now. At the end of this I'm done playing and just getting a manager. Too much stress!

Same here
My portfolio manager didn’t want me to put that much in TRZ...so far it’s been very lucrative, I am nervously waiting for next week. It will be helpful if we have to go BOTL on flat pay..lol

[aerodude]

Same here
My portfolio manager didn’t want me to put that much in TRZ...so far it’s been very lucrative, I am nervously waiting for next week. It will be helpful if we have to go BOTL on flat pay..lol

BOTL?
No way, TRZ will stay separate list, need to offload the mainline flying. TRZ pilots won the lottery.