AVCANADA

Mr. Rovinescu said the company’s goal remains to return to profitability, and given the legacy structure of the airline, the easiest approach would be to rip everything up and start fresh, he said.

“Sadly, life doesn’t work like that,” he said on a conference call. “So what you’re seeing is the chipping away through a transformational process of many inefficiencies that are built in and inherent in a legacy environment like this.”

He pointed to the recent collapse of Aveos, as an example, which he said would lead to cheaper maintenance costs on a long-term basis through partnerships with cheaper suppliers.(the plan all along)

We’re seeking to have dramatically improved operations. Achieving it, as you have seen through what has gone on in the first quarter, is not done without many bumps in the road,” he said.(understement of the year)

Mr. Rovinescu said he wasn’t concerned about calls for management change by certain labour groups. “Then they ought to work in a co-operative where they get to decide,” he said on the call.(Isn't this what happened to him in 2003, now he's back for revenge it seems)

How much more was AC paying for maintenance at Aveos as compared to other canadian maintenance shops? Without hard facts , some folks here are just trying to blow smoke up me arse !!

Hmmm, maybe a thread should be started up revealing the PRODUCTIVITY issues AC and Aveos has/ had with the legacy/union/ selfish environment that the airline is presently trying to crush !!! Truth HURTS !

At less than $1 a share ACPA should just buy a majority and then tell CR to hit the streets.

When the CFO of AC stated yesterday that dramatic saving would occur with the liquidation of Aveos? My read is the Aveos situation was not just about productivity. The contract was expensive. When he used the word dramatic? I think very expensive in comparison to the open market.