Enerjet

[Stoptheworld]

Somebody forgot to let the staff know! I spoke to one minutes ago and they have heard nothing.

[WetJet]

Somebody forgot to let the staff know! I spoke to one minutes ago and they have heard nothing.

Staff will always be the last to hear.

Good luck to all, true or not.

[Stoptheworld]

Staff will always be the last to hear

Sad, but unfortunately all too true.

[Trainer]

I hope the negative speculation about EnerJet is inaccurate, however, for what its worth, CanJet is interviewing in February for a significant spring hire. Montreal and Toronto I heard so far, don't know about the west yet.

Good luck to all you folks and take care.

T

[jinky]

how true is this or are they rumors only...about enerjet....i'm still trying to confirm it with a pretty good source...

[hotwings56]

how true is this or are they rumors only...about enerjet....i'm still trying to confirm it with a pretty good source...

Rumors only, just talked to a friend (pilot there) They have flying all through Feb and March, noone has said anything about a shutdown.

[gulfan]

Looks like enerjet lost a bid with Imperial Oil for transportation. Canadian North got the contract.

http://www.theglobeandmail.com/report-o ... le1447000/

[Say Altitude]

Boo friggin hoo! Cry me a river - you don't get the contract so you go and moan and drip about it in the media?? Way to take the high road Darcy...

Well this has to be close to the end then. Imperial signs 5 years with Canadian North and CNRL resigns with them for another stretch. As I understand it, there is virtually no flying with Suncor and in fact Canadian North is doing a bunch of the Suncor flying too. On top of it, Transat has consolidated their leisure traffic with CanJet and nothing is going to Enerjet. Again all speculation and rumour - subject to verification of course.

It's just a matter of time and math now....

[jinky]

Flying in Feb and march i wonder if its like Dec I think they had only a few flights...dont see how that makes the money.

The one thing I don't understand is the hiring...why do you need 75 staff or more? Isn't this a waste of money? wouldn't you do like most businesses and only hire when you need to...i.e are growing? I never understood this about them...maybe someone can enlighten me why you need 20 different managers when you are not busy.

[Stoptheworld]

They have flying all through Feb and March,

For who?

They will have to do a lot to cover fixed costs!

[ziggy]

While Enerjet respects [project developer] Imperial Oil's decision to transport their fly-in work force in aging aircraft, we believe they have overlooked the environmental impact of doing so," said Darcy Morgan, Enerjet's vice-president of business integration.

I have to agree with EnerJet on this one. They are probably the most environmentally friendly airline there is, just sitting there on the ramp all day, burning a bit of APU fuel.

[jinky]

anyone notice...looks like BL stepped down...from his VP Marketing Position....interesting not sure when this happened but that's quite alarming.

http://www.enerjet.ca/executiveteam.html

[Stoptheworld]

Interesting...

Bill was on the Board of Directors as well and now he is just listed as a consultant with no mention of board membership.

I think it did happen just recently because as of last week, he was still listed as director on Alberta Corporate Registries

[TopSky]

While Enerjet respects [project developer] Imperial Oil's decision to transport their fly-in work force in aging aircraft, we believe they have overlooked the environmental impact of doing so," said Darcy Morgan, Enerjet's vice-president of business integration.

I have to agree with EnerJet on this one. They are probably the most environmentally friendly airline there is, just sitting there on the ramp all day, burning a bit of APU fuel.

Enerjet loses contract - not financially stable

Yes Enerjet has the best aircraft for the Imperial Oil contract and should have got this contract . However, you can't give a five year contract to a company that may not be around in a few months. The terms of the contract would require a detailed background check into Enerjet's business affairs. Even with their monthly operating losses, they might have got the contract if they could have posted a performance bond. Unfortunately, if the money behind Enerjet is ready to fold - no contract.

Looks like just a matter of time now before Enerjet folds, unless a new contract comes their way. As expected, Tim & his brother will be pumping out the BS to the bitter end. Good comment from the previous postings, just like Wardair, the staff are always the last to know.

Too bad for Enerjet and all their employees.

[Stoptheworld]

Enerjet has the best aircraft for the Imperial Oil contract and should have got this contract . However, you can't give a five year contract to a company that may not be around in a few months. The terms of the contract would require a detailed background check into Enerjet's business affairs.

Well, if this aint the classic catch 22, I don't know what is! They need the contract to survive, but they have been bleeding cash for months now and don't have the balance sheet to satisfy Esso. Thus, potentially hastening their demise.

I have been told they do have flying in Feb and March. Still don't know who for and they better have a lot of it. There has to be a lot of ground to make up!

[jinky]

Guess they are still trying...they are hiring an Air Charter Account Manager if you look at there job postings....

[Huge Hammer]

With Lamberton gone I guess someone has to sell the product.

[Say Altitude]

Well if the rumour is true that one or maybe both are being dry leased to a European operator, there will be nothing to sell....

[Huge Hammer]

KM has left Enerjet. Some WSers will know who I am referring to, wonder how many more are going to start leaving.

[jinky]

Isn't Lamberton considered one of the best marketing guys in the industry? If so and now he's just a consultant?

[Say Altitude]

Isn't Lamberton considered one of the best marketing guys in the industry? If so and now he's just a consultant?

Who resigned from both the Board and as VP - so what does that tell you? I'm sure that staying on as a "consultant" is purely about optics - don't want to totally torpedo Tim publicly.

Seems to be a pretty clear picture of where things are headed....and now with KM gone too (if the rumour posted here is true...)....

[TopSky]

Let face it guys, Enerjet is all about Tim Morgan trying to show Clive Beddoe that he is a somebody. It is common knowledge that Clive ran Tim and Bill out the WestJet door.

As a result, once Tim was finished with his non-compete clause, he used his name to find investors to start a new B737 operation out of Calgary. As if lightening could strike twice in the same place. One of the worst business plans in Canadian aviation history.

Such an operation would need to keep four aircraft busy just to cover their overhead. No doubt, the investors are now frantic and Tim has gone from hero to zero. Enerjet is now at the mercy of their investors. I hope they survive, but the odds are against them.

[Stoptheworld]

Let face it guys, Enerjet is all about Tim Morgan trying to show Clive Beddoe that he is a somebody. It is common knowledge that Clive ran Tim and Bill out the WestJet door.

As a result, once Tim was finished with his non-compete clause, he used his name to find investors to start a new B737 operation out of Calgary. As if lightening could strike twice in the same place. One of the worst business plans in Canadian aviation history.

Such an operation would need to keep four aircraft busy just to cover their overhead. No doubt, the investors are now frantic and Tim has gone from hero to zero. Enerjet is now at the mercy of their investors. I hope they survive, but the odds are against them.

In three short paragraphs you pretty much summed up the whole thing. They started with perhaps the stupidest business plan and Tim probably running around saying he was solely responsible for the success of WS.

The Enerjet investors have been at the mercy of Tim and now will probably be out quite a lot of dough not to mention the good people that will unfortunately be out of a job.

[jinky]

any more developments/news/rumors?

[Say Altitude]

Heard on the street that one plane is leaving at the end of the month on a dry sub-lease.

No mention of layoffs but how do you keep 100+ people employed for one aircraft that never flies?