Rebel, Trikkles, and the YYC hanger

RVSM · Post by **RVSM** » Tue May 10, 2005 5:32 pm

Now, I'm gonna ask you Air Canada dudes one more time.

Where is the link to back up the following claims?

Rebel

Oh yeah just to correct another misconception it was the Alberta Government that forked over the majority of the money for the WJ Calgary hanger. It was much the same story for the WJ Hamilton hanger, just a different level of Government.

Rebel again

Hmm where do you think the money came from for the PWA/CPA merger? Why the Alberta Government thru the heritage fund..

You live in Canada remember..

Trikkles
[/quote]And who provided WJ with funds for their hangar???? It wasn't federal but it was DEFINATELY government

Something like this should not be hard to confirm, 'less yer talking through the terminal end of your digestive tract, that is.

RVSM · Post by **RVSM** » Tue May 10, 2005 7:28 pm

How are you boys making out with your research? Not so good, huh?

I scoured the Alberta government website, particularly those parts that deal with heritage fund. I found nothing, nada, zip, dick.

Same on the Hamilton Airport Authority site. Geez, these guys usually fall all over themselves blowing their own horn about how they funded this or that for the good of the community.

I'm pullin' for ya, though. Cuz if you can't find corroberating info, you're going to look like buffoons.

Keep me posted, 'kay?

lawndart · Post by **lawndart** » Tue May 10, 2005 7:38 pm

Dude, you need to get a hobby or something.

RVSM · Post by **RVSM** » Tue May 10, 2005 8:03 pm

Dude, true dat! Know whut ah sayin'?

Sheeeit

Rebel · Post by **Rebel** » Wed May 11, 2005 4:00 am

RVSM

You really don't do your homework or for that matter know anything about Canadian aviation history and Government although you think you do.

Hmm I forgot that B.C. also threw money at the PWA/CPA merger(?)( depending on who you worked for) although not as much. In Alberta's case I think it was 50M to 150M before there was a taxpayers revolt. That was a lot of money in those days and caused quite the scandal. In the case of WJ it was loan guarantees and forgivable money pretty standard stuff for Government. As for who employs Trickkles why don't you ask him/her? For that matter why don't you ask WJ who helped pay for their hangers? You scared to find out the truth..

I have a pretty good idea what goes on in AB as I was born, raised there and still a native son.

Actually I'm finished with this thread and trying to educate a sick know-it-all puppy, do your homework, pay attention and you just might learn something

RVSM · Post by **RVSM** » Wed May 11, 2005 7:45 am

Actually I'm finished with this thread and trying to educate a sick know-it-all puppy, do your homework, pay attention and you just might learn something

What an arrogant load of crud. Okay, you two have had enough chasing your tails?

WestJet paid for it's own buildings. It was impossible not to. WestJet would have prefered to lease space from a third party, but there was none available. Any hanger would have to be built on land leased from the federal government. This presents a few problems. Lenders do not want to provide money for a commercial building on land you can't own. Of course, no provincial government, especially Alberta, would fund a building on federal land. The YYC office building, as it was built off airport property, is leased by WestJet.

The YYC hanger cost $22 million to construct and was opened in early 2001 ref. WJ 2001 annual report pg. 28. A few years later, $6 million more was spent on an expansion of office space, new simulator bays, a large ramp expansion and two vehicle parking lot expansions.

The hanger in Hamilton was built by WestJet at a cost of $8 million.

The WestJet 2005 annual report shows building assets in the amount of $39,474,000 (ref. WJA 2005 annual report pg.50). It also shows that WestJet is amortizing the cost of these hangers.

Now, youguys might want to explain to me how WJA can depreciate something they didn't pay for. The CCRA would be VERY interested in that. Or how they could take a hanger that you poltroons claim was paid for by the Heritage Trust Fund, and borrow money against it in the aggregate amount of $16,550,000.

Of course you don't have to take my word for the above. Since you are not employees, and probably not shareholders, you can verify the information above by logging on to sedar.ca and searching for the WJA annual reports.

Rebel, you have no idea what you are talking about. It's obvious you are making this stuff up as you go along, and now that you have painted yourself into a corner, so you want to disengage from the debate. Good idea.

You described yourself as the epitome of Air Canada culture. At least we agree on that.

complexintentions · Post by **complexintentions** » Wed May 11, 2005 9:17 am

What were you saying about arrogance?

Believe me, you aren't doing WestJet's precious "image" and "culture" any favours.

RVSM · Post by **RVSM** » Wed May 11, 2005 9:25 am

That's exactly the response one expects from the likes of you.

You guys are too funny. Every time you get blown out of the water for some BS or other that you write, you promptly move on to the next thing.

Ya, yer killin' me with your "culture" remarks. Why don't you take your own advise and post a fact or two every now and then?

Jaques Strappe · Post by **Jaques Strappe** » Wed May 11, 2005 2:49 pm

The funny part of this is, RVSM is telling other westjetters to piss off thinking they work for AC!

RVSM · Post by **RVSM** » Wed May 11, 2005 3:31 pm

Hey Jack. Do you think someone who is in maintenence planning at a small airline would know if that airline does it's own "D" checks?

Trickkles · Post by **Trickkles** » Wed May 11, 2005 4:27 pm

Nope!

Try again! You're battling zero!

Machiavelli · Post by **Machiavelli** » Wed May 11, 2005 11:05 pm

Ha!! jock strap, trickles has a Ricky-ism: "battling" zero maybe should be "batting" zero? That's what I thought.....

Rebel · Post by **Rebel** » Thu May 12, 2005 4:51 pm

April 27, 1998
Edmonton, Alberta

"I’m pleased with Canadian Airlines ' recent success - they've used the Alberta Advantage. They have paid back the outstanding balance of a loan guaranteed by this government and provided us with a return on taxpayer money. Most important of all, Albertans will continue to have a choice at the airline ticket counter."

- Provincial Treasurer Stockwell Day
Refinancing by Canadian Airlines Eliminates Provincial Loan Guarantee
Canadian Airlines completed a US$175 million bond refinancing on April 24, 1998, and repaid the $27 million loan guarantee package, involving the provincial governments of Alberta and British Columbia and the Government of Canada. This refinancing eliminated Alberta ’s liability under the guarantee.

The Alberta government did not lose any money on this loan guarantee. In fact, since 1992 the province has collected a total of $478,632 in fees for this guarantee.

"I’m always thrilled when we take another step towards getting completely out of the business of business," said Provincial Treasurer Stockwell Day. " Canadian ’s continuing success is another signal that our economy is moving forward."

Alberta approved a $50 million loan guarantee to support Canadian Airlines in December 1992. The federal government guaranteed an additional $50 million, while British Columbia guaranteed $20 million for a total of $120 million.

Canadian was paying back the loan in $10 million quarterly instalments until the fall of 1996 when the company announced a need to restructure its finances. As of June 30, 1997, Canadian had agreed to repay the remaining balance of the guaranteed loans - Alberta ’s portion was $12 million - in 10 quarterly instalments, starting in October 1998 and ending January 1, 2001.

RVSM · Post by **RVSM** » Thu May 12, 2005 5:00 pm

That's all really nice, but where does it say the province gave money to WestJet?

The bullshit meter nears overload.

RVSM · Post by **RVSM** » Thu May 12, 2005 5:14 pm

It's tough to stay focused, I'm sure, but wasn't this your original point?

Hmm where do you think the money came from for the PWA/CPA merger? Why the Alberta Government thru the Heritage fund.. What a surprise.

PWA sold and leased back almost it's entire fleet of 24 737s through Guiness Peat in 1986. They flogged the 767s to AC a year earlier, a 727-100 the year before that to Echo Bay mines, and the Hercules fleet was gone by 1983. They had $350 million cash in late 86, when they bought CPAir for $300 million.

Where do you get Heritage trust Fund money out of that?

Rebel · Post by **Rebel** » Thu May 12, 2005 6:04 pm

I realize you are an incredibly stupid person but I wonder what your WJ peers and for that matter what WJ management is going to think of the continued stupidity that you display on this forum. I know if I worked for WJ, I’d be very embarrassed, if I was in WJ management I’d fire you. No company wants the spot light to be put on them in an unfavorable way and that’s exactly what you done. Perhaps I’d be doing WJ a favor by forwarding the whole thread to them if some of your WJ peers don’t beat me to the punch first.

Oh by the way I’ve asked the Alberta Government to make available any information regarding any loan guarantees grants etc that may have taken place between Westjet and the Alberta Government. I don’t expect them to come clean on the issue but you never know. No one expects either party to readily acknowledge that some agreement has taken place but with the freedom of information act someone has to answer the request. Regardless of the outcome the seed of doubt has been planted that WJ has accepted some form of Government financing in their operations. I don’t think that WJ management or the Alberta Government is going to be too pleased.

Good job..Perhaps some investigative reporter might be interested who knows..

RVSM · Post by **RVSM** » Thu May 12, 2005 6:12 pm

I accept your surrender. No apology, I notice.

Have me fired for telling the truth?

You are every bit as lame as I thought you were.

The bullshit meter just broke!

Rebel · Post by **Rebel** » Thu May 12, 2005 6:22 pm

The thread how now been forwarded to WJ human resources.

RVSM · Post by **RVSM** » Thu May 12, 2005 6:26 pm

I'm absolutely terrified, really.

WS739 · Post by **WS739** » Fri May 13, 2005 9:23 pm

Honestly rebel your argument isnt getting you anywhere!

As for HR good luck man! Probably have no idea where to send it!

I work for Westjet and i dont feel even a little embarassed for someone defending my company against a bunch of people tryin to make things up!

Your conspiracy theories must occupy alot of your time eh!

Good luck with that!

Rebel, Trikkles, and the YYC hanger

Rebel, Trikkles, and the YYC hanger

WOW!