"Three possible Transat suitors say they are not interested in acquiring struggling airline"

[altiplano]

Yes friend of mine, junior partner at a mid sized Canadian firm. You want to make the bucks that's the path they told me. You can't just show up at a firm and expect the top pay.

Not exactly parallel, but not dissimilar either.

[indieadventurer]

The fact that everyone, regardless of their background and experience, starts at year 1 pay makes you wonder why we don’t value experience. Guess the job really is that easy nowadays.

[simply_no_one]

Funny how this topic pops up every few years. It always goes away again.

The structure that supports the current model is worldwide. If you negate "contract check pilots or LS fillers" and mergers, everyone goes BOTL when new to a carrier. It isn't going away. You could make the claim, "it's not right", but what in this world is?

Get a job with a healthy carrier, and climb the ladder like everyone else.

You can go BOTL, while still being compensated for your experience. Like I said, airlines in the USA are already doing this. Your seniority number doesn't change, but your pay does.

It started with giving people who had ATPL's year 2-3 pay instead of year 1 at some regionals. Now there's a bunch that will hire you at your current YOS pay rate, but you go BOTL for seniority. Nothing wrong with that.

Should someone who flew for Qatar for 10 years in the left seat of a widebody come home to Canada and get dumped to 55k a year? I don't think they should. Experience should count for something.

Keep in mind I'm talking real experience here, not some ATPL 2500 hour pilot jumping around.

[redbusdriver]

Funny how this topic pops up every few years. It always goes away again.

The structure that supports the current model is worldwide. If you negate "contract check pilots or LS fillers" and mergers, everyone goes BOTL when new to a carrier. It isn't going away. You could make the claim, "it's not right", but what in this world is?

Get a job with a healthy carrier, and climb the ladder like everyone else.

You can go BOTL, while still being compensated for your experience. Like I said, airlines in the USA are already doing this. Your seniority number doesn't change, but your pay does.

It started with giving people who had ATPL's year 2-3 pay instead of year 1 at some regionals. Now there's a bunch that will hire you at your current YOS pay rate, but you go BOTL for seniority. Nothing wrong with that.

Should someone who flew for Qatar for 10 years in the left seat of a widebody come home to Canada and get dumped to 55k a year? I don't think they should. Experience should count for something.

Keep in mind I'm talking real experience here, not some ATPL 2500 hour pilot jumping around.

i agree with that, botl but with yos pay, so many issues would be solved and prevented and everyone stays happy

[Sharklasers]

Funny how this topic pops up every few years. It always goes away again.

The structure that supports the current model is worldwide. If you negate "contract check pilots or LS fillers" and mergers, everyone goes BOTL when new to a carrier. It isn't going away. You could make the claim, "it's not right", but what in this world is?

Get a job with a healthy carrier, and climb the ladder like everyone else.

You can go BOTL, while still being compensated for your experience. Like I said, airlines in the USA are already doing this. Your seniority number doesn't change, but your pay does.

It started with giving people who had ATPL's year 2-3 pay instead of year 1 at some regionals. Now there's a bunch that will hire you at your current YOS pay rate, but you go BOTL for seniority. Nothing wrong with that.

Should someone who flew for Qatar for 10 years in the left seat of a widebody come home to Canada and get dumped to 55k a year? I don't think they should. Experience should count for something.

Keep in mind I'm talking real experience here, not some ATPL 2500 hour pilot jumping around.

You would effectively freeze out airline experienced pilots from ever going to AC or Westjet again.
The company would never hire someone they have to pay 300k to when they could just take a 704 or Jazz captain and pay them 55k like they have been doing successfully for decades.

[Hangry]

.

[altiplano]

Maybe you should just go where you want to work in the first place, at earliest opportunity? Like where you want to live, where you want to retire, put in the time to get the seniority and the paycheque.

Yeah timing is everything, but the cycle turns over every few years, lots of chances to jump in and get your number.

Making too much money? Having too much fun? Those are your choices.

Other guys chose to put in their time... get their number.

[charlo]

Maybe you should just go where you want to work in the first place, at earliest opportunity? Like where you want to live, where you want to retire, put in the time to get the seniority and the paycheque.

Yeah timing is everything, but the cycle turns over every few years, lots of chances to jump in and get your number.

Making too much money? Having too much fun? Those are your choices.

Other guys chose to put in their time... get their number.

Seriously ?? Wow you truly have no idea how lucky you have to be to end up at x company. I guess you work at AC right ? Been trying for years to get to AC but never got a call so ended up at transat, I had no choice, why would I put up with 703's ridiculous pay and schedule and lack of benefits ? Even while flying for transat I was still applying at AC. So no, you don't always get to choose your employer unless you're a girl or are a minority, AC love those guys...

[altiplano]

Maybe you should just go where you want to work in the first place, at earliest opportunity? Like where you want to live, where you want to retire, put in the time to get the seniority and the paycheque.

Yeah timing is everything, but the cycle turns over every few years, lots of chances to jump in and get your number.

Making too much money? Having too much fun? Those are your choices.

Other guys chose to put in their time... get their number.

Seriously ?? Wow you truly have no idea how lucky you have to be to end up at x company. I guess you work at AC right ? Been trying for years to get to AC but never got a call so ended up at transat, I had no choice, why would I put up with 703's ridiculous pay and schedule and lack of benefits ? Even while flying for transat I was still applying at AC. So no, you don't always get to choose your employer unless you're a girl or are a minority, AC love those guys...

Last posting 10 years ago about how to find a job on the dock... now you're flying a 705 jet!

Good for you... keep applying...

I'm really talking about experienced guys that choose to spend 20 years in the M.E... not you...

[charlo]

Last posting 10 years ago about how to find a job on the dock... now you're flying a 705 jet!

Good for you... keep applying...

I'm really talking about experienced guys that choose to spend 20 years in the M.E... not you...

Regardless, my point still stands, you don't get to choose your employer most of the time regardless of your experience. I wanted AC for stability but couldn't and no I won't keep applying, this thing is a pipe dream.

[altiplano]

Last posting 10 years ago about how to find a job on the dock... now you're flying a 705 jet!

Good for you... keep applying...

I'm really talking about experienced guys that choose to spend 20 years in the M.E... not you...

Regardless, my point still stands, you don't get to choose your employer most of the time regardless of your experience. I wanted AC for stability but couldn't and no I won't keep applying, this thing is a pipe dream.

Everyone doesn't get offered the job of their choice, that's just a fact.

[ToolShed]

Last posting 10 years ago about how to find a job on the dock... now you're flying a 705 jet!

Good for you... keep applying...

I'm really talking about experienced guys that choose to spend 20 years in the M.E... not you...

Regardless, my point still stands, you don't get to choose your employer most of the time regardless of your experience. I wanted AC for stability but couldn't and no I won't keep applying, this thing is a pipe dream.

Don't give up.

[ayseven]

I saw a merger when I worked in aviation years ago, before I started flying - in another century. The problem was that the process was not fair at all. Some got seniority back, others went to the bottom. They had all worked at the original place, then chose to leave for a greener pasture that didn't work out. Tough tits. The rest of us stayed and hacked it out.

So the moral of the story is that if you are going to integrate people, do it the same for all jobs, and all employees. But this industry is not like any other. I do not know if it has to be, or it just worked out that way. I don't know of any other where it is so hard to get to the top. Most of the time, you just hang in, and things work out; but this field has a lot of examples where this didn't happen, unfortunately, whether because you die on the job, or timing is rotten.

[seriousflyer]

Any update here?

[simply_no_one]

Interesting how there has been zero media covering AT in two weeks. This is still the most recent article and it's two weeks ago, if you go on Google and search "Air Transat".

[iflyroads]

I expect some news will come down this week.

April 29th I believe was the date for TRZ to pay back one of its loans

[altiplano]

It's held support around $4.50 for 3 weeks without any announcement or information on the state of the PKP deal, LEEFF package, or a PQ bailout. I think a lot of retail investors are in the red and believing a $5 PKP deal will come.

I'd be interested to see what the large shareholders have done, Letko, etc. Are they maintaining or divesting their holdings these past weeks.

Either way, news has to come soon.

[TFTMB heavy]

It's held support around $4.50 for 3 weeks without any announcement or information on the state of the PKP deal, LEEFF package, or a PQ bailout. I think a lot of retail investors are in the red and believing a $5 PKP deal will come.

I'd be interested to see what the large shareholders have done, Letko, etc. Are they maintaining or divesting their holdings these past weeks.

Either way, news has to come soon.

Lekto isn't in support of the PKP deal at $5. I would be surprised if they moved a large portion below the $5 mark and it not be disclosed also.

[rudder]

Most of the answers that people are looking for will come out on Thursday at the TRZ Annual Shareholders Meeting or prior to.

https://www.transat.com/en-CA/corporate ... ses/124368

[Sharklasers]

Https://www.journaldemontreal.com/2021/ ... -transat-1

PKP is out.

[Dias]

CEO has stepped down.

[notwhoyouthinkIam]

Interesting how there has been zero media covering AT in two weeks. This is still the most recent article and it's two weeks ago, if you go on Google and search "Air Transat".

News cycles.

Notice how last week it was all about Hamas shooting 2400 rockets at civilian population centers and the IDF striking back.

This week its all about Belarus' "hijacking"

[Latitude]

CEO has stepped down.

Well deserved retirement ! As planned !

[Savage Poetry]

Is Air Transat a meme stock?

[notwhoyouthinkIam]

Is Air Transat a meme stock?

No, I bought them seriously. They are scheduled to start operations at the end of July, at which point I hope their stock will shoot upward.