Heres your big news!

[airmech07]

http://finance.yahoo.com/news/jazz-avia ... 00522.html
Jazz Aviation LP receives notification of Thomas Cook Canada's intention to discontinue Flight Services Agreement

Press Release: CHORUS AVIATION INC. – 12 minutes ago
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HALIFAX , April 13, 2012 /CNW/ - Jazz Aviation LP ("Jazz") announces that it has received notification from Thomas Cook Canada Inc. (" Thomas Cook ") of its intention to discontinue operating dedicated charter aircraft, branded as Thomas Cook Canada , due to market conditions.  As a consequence, the remaining three years of the five-year flight services agreement with Jazz will be terminated effective April 30, 2012 .
"A change in market dynamics means that we need to introduce more flexible flying arrangements; the consequence of that is the decision to discontinue our dedicated fleet of 757 aircraft.  The Jazz team did a great job in operating our Thomas Cook Canada flights and we thank them for the expertise, guidance and support they provided during the last two years," said Dean Moore , Chief Executive Officer of Thomas Cook North America .
In 2010, Jazz signed a five-year flight services agreement with Thomas Cook to operate a dedicated charter fleet of six Boeing 757-200 aircraft to various sun destinations from Canadian gateways during the winter season.
"We are very disappointed that the current market conditions require Thomas Cook to restructure its operations," said Joseph Randell , President and Chief Executive Officer, Jazz.  "We enjoyed working with the Thomas Cook team and our employees can be proud of the solid operational performance and customer service they delivered."
Jazz will continue to operate the Thomas Cook Canada flights, as scheduled, for the remainder of the winter 2011-2012 program and proceed with the normal seasonal wind down of this operation by April 28, 2012 .
As the majority of Thomas Cook flying block hours planned for the year 2012 will be completed by April 28, 2012 , there will be no change to Jazz's billable block-hour guidance for the year ended December 31, 2012 of between 385,000 and 400,000.
Jazz and Thomas Cook have reached a commercial settlement in respect of the termination of the flight services agreement, the economic terms of which reflect the original and intended expiration of the agreement, regarding the recovery of certain initial start-up costs and foregone revenues.  The details of this settlement are confidential under its terms.

[WetJet]

"A change in market dynamics".

"current market conditions".

Polite ways of saying, "The fact that TUI through Sunwing is dumping foreign planes and pilots on the Canadian market means more Canadians out of work."

Sorry to hear this guys. Write to your MPs, I think this debate is starting to get traction.

[mbav8r]

Don't worry there will be a lot of FA positions on the wet leased 57s WestJet has next season. I predicted in another thread 2 or 3 more out east from TC UK. More foreign crews flying in Canada is exactly what we need.
I sure hope I'm wrong but as soon as I saw the TC UK 57 for Westjets Hawaii run, it was like I had a premontion, except I thought it was going to be after the 5 years were up.
If this takes place, I guess the deal of scratching each others back is good enough to warrant buying out of the remaining 3 years.
Again I sure hope I'm wrong, I guess they probably can keep going the way they're going with the one for Hawaii and provide lift on the 37 from out east.

[unregistered]

I sure hope I'm wrong

You are.

[Mach1]

http://www.telegraph.co.uk/finance/news ... nders.html

[double-j]

Does this mean that all the jazz pilots get a pay cut?

Jj

[teacher]

I havn't run the numbers myself but someone else did and it just reduces our cost of living increase. It was only 6 planes for 1/2 the year.

[double-j]

Yeah I figured that it wouldn't amount to much, just curious if it was brought up.

Jj

[Scythe]

all part of WJA's strategy to dominate the canadian market by 2015