They (AC?) don’t have a choice.
Per the amended purchase agreement, each TRZ shareholder has the choice - cash or shares.
Moderators: sky's the limit, sepia, Sulako, lilfssister, North Shore, I WAS Birddog
They (AC?) don’t have a choice.
No problem.
It’s great to be optimistic but you have no basis in reality.
While I agree with your analysis of the pilot supply, there has to be an economy to drive that pent up demand. I’m sure I have seen the same four downturns as you, I’ve been in this industry since 1990.Big Pistons Forever wrote: ↑Thu Nov 19, 2020 10:18 pm It is not if travel returns it is when. After every downturn, and I have seen the industry crater 4 times in my career, the industry always came back bigger. Don’t forget the airlines started 2020 with a significant shortage of pilots and that was before the new flight and duty times regulations mean every airline will need at least 10 percent more pilots to fly the same schedule.
Also this time the pilot pool is likely going to be diminished at both ends. At the top there has been accelerated retirements and at the bottom I predict that many zero to hero new guys/gals who got handed the job on a platter are going to find new careers and are not going back to the cockpit taking a been there, done that approach to flying the line as a junior FO.
Yes things are going to be ugly for at least the next two years, but I predict there will be huge and rapid recovery driven by pent up demand when there is a collective belief society has beaten COVID.
Those who have the aviation bug will stick it out and reap the rewards when things get better. The poseurs will drop away as they did last time things got hard
My 02 cents and worth every penny
I would say the argument is that we now know the potential it can get to, and the world is still becoming more connected I can only see it continue to growbcflyer wrote: ↑Sat Nov 21, 2020 9:57 am Everyone keeps talking about returning to 2019 levels. Please remember 2019 was the best year ever seen in aviation. YVR A320 captain after 2yrs? Completely unheard of in my time flying. Perhaps we should lower our expectations a bit to make a more realistic timeline.
The currency that denominates pilot jobs is block hours, with an adjustment factor for type of flying (short haul vs long haul requiring augment) and revised flight and duty time limitations reducing crew efficiency.flyingcanuck wrote: ↑Sat Nov 21, 2020 10:01 amI would say the argument is that we now know the potential it can get to, and the world is still becoming more connected I can only see it continue to growbcflyer wrote: ↑Sat Nov 21, 2020 9:57 am Everyone keeps talking about returning to 2019 levels. Please remember 2019 was the best year ever seen in aviation. YVR A320 captain after 2yrs? Completely unheard of in my time flying. Perhaps we should lower our expectations a bit to make a more realistic timeline.
Demand will be met however the financial impairment will undoubtedly cause a further erosion of wages and working conditions. The bar, unfortunately, still has plenty of room to be lowered.
Ha! Good call. I definitely would have bet against you. Here’s hoping for continued good times.