AC and TRZ Agree to Terminate Arrangement

[altiplano]

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[milhouse]

1720D5F6-A315-4521-BEFC-FA20F87748DD.jpeg

Le Journal de Montreal is a tabloid and TVA is a joke. They are both owned by Quebecor which is owned by PKP, a bloc separatist who took a full page ad on le devoir against the deal before the shareholder vote took place last year.

What they are reporting could be true, i have no idea, but as far as reliable sources go, these 2 are at the very bottom of the list.

[Sharklasers]

TVA must be pretty certain of their sources because this article seems to have driven the stock price down 7% at midday and closing 4% shaving over 10 million of TRZs market cap.

I think TC will have to stay something in the next couple weeks and it wouldn’t surprise me to see them overwhelmingly in favour of a 0 concession merge as Trudeaus special piggy bank starts to run dry.


It is certainly too soon to start dancing on the grave of this deal but I am starting to hear the music.

[FL320]

AC is playing chess with the government and AT; and they are playing very well. The media is just the chess board and their sources are just AC pawns. They will get AT and get rid of a competitor for peanuts

[telex]

AC is playing chess with the government and AT and they are playing very well. Media is just the chess board and their sources are just AC pawns. They will get AT and remove a competitor for peanuts

The MP for Papineau will continue to fight hard for Quebec jobs and will offer no apologies.

The Canadian taxpayers of course will foot the bill.

AT will be just fine.

As always.

[altiplano]

We all believe whatever it is that makes us sleep better it seems.

The market is confident in AC at least, they just pulled in $1.6 billion of recapitalisation in the matter of a few days...

TRZ on the other hand the market isn't so sure on yet...

[telex]

We all believe whatever it is that makes us sleep better it seems.

The market is confident in AC at least, they just pulled in $1.6 billion of recapitalisation in the matter of a few days...

TRZ on the other hand the market isn't so sure on yet...

The MP for Papineau will continue to fight hard for Quebec jobs.

If you think AT will not be taken care of at the Canadian taxpayer's expence I will kindly disagree.

[FL320]

We all believe whatever it is that makes us sleep better it seems.

The market is confident in AC at least, they just pulled in $1.6 billion of recapitalisation in the matter of a few days...

TRZ on the other hand the market isn't so sure on yet...

I don’t wait for AC or AT to sleep well. Deal or no deal doesn’t matter to me; I love the job but it’s more like a hobby as I have reached financial freedom. Market maybe be confident in AC not in AT I personally couldn’t care less

[altiplano]

They might be taken care of. I hope so.

But sinking the big ship, the real golden goose, for guppy optics isn't the play and that's what this thread is about. There is no growth or retention of Quebec jobs here in allowing the merger. The will be more jobs lost if the merger goes through vs. separate entities retained.

[telex]

They might be taken care of. I hope so.

But sinking the big ship, the real golden goose, for guppy optics isn't the play and that's what this thread is about. There is no growth or retention of Quebec jobs here in allowing the merger. The will be more jobs lost if the merger goes through vs. separate entities retained.

The MP for Papineau will continue to fight hard for Quebec jobs.

He will offer no apologies for his dogged efforts to save Quebec jobs.

AT will be just fine.

As always.

[altiplano]

I don’t wait for AC or AT to sleep well. Deal or no deal doesn’t matter to me; I love the job but it’s more like a hobby as I have reached financial freedom. Market maybe be confident in AC not in AT I personally couldn’t care less

You sure cared like 25 pages ago or something when I said the same thing... market questioning the certainty of the deal.

Anyway, I'm glad to hear you're financially free of it all whatever comes.

[altiplano]

They might be taken care of. I hope so.

But sinking the big ship, the real golden goose, for guppy optics isn't the play and that's what this thread is about. There is no growth or retention of Quebec jobs here in allowing the merger. The will be more jobs lost if the merger goes through vs. separate entities retained.

The MP for Papineau will continue to fight hard for Quebec jobs.

He will offer no apologies for his dogged efforts to save Quebec jobs.

AT will be just fine.

As always.

You're repeating yourself...

So I guess I'll say it again.

There is no 1+1=2 here... more like 1+1=1, or even 1+1=<1...

[telex]

They might be taken care of. I hope so.

But sinking the big ship, the real golden goose, for guppy optics isn't the play and that's what this thread is about. There is no growth or retention of Quebec jobs here in allowing the merger. The will be more jobs lost if the merger goes through vs. separate entities retained.

The MP for Papineau will continue to fight hard for Quebec jobs.

He will offer no apologies for his dogged efforts to save Quebec jobs.

AT will be just fine.

As always.

You're repeating yourself...

So I guess I'll say it again.

There is no 1+1=2 here... more like 1+1=1, or even 1+1=<1...

I am repeating myself.

Maybe if I say it enough the message will be hammered home.

If you think Quebec jobs will be lost under the leadership of the MP for Papineau I will kindly disagree.

[tsgas]

The MP for Papineau will continue to fight hard for Quebec jobs.

He will offer no apologies for his dogged efforts to save Quebec jobs.

AT will be just fine.

As always.

You're repeating yourself...

So I guess I'll say it again.

There is no 1+1=2 here... more like 1+1=1, or even 1+1=<1...

I am repeating myself.

Maybe if I say it enough the message will be hammered home.

If you think Quebec jobs will be lost under the leadership of the MP for Papineau I will kindly disagree.

Jobs may be saved but that doesn't mean that major concessions from labour is off the table.

[Fanblade]

The MP for Papineau will continue to fight hard for Quebec jobs.

He will offer no apologies for his dogged efforts to save Quebec jobs.

AT will be just fine.

As always.

You're repeating yourself...

So I guess I'll say it again.

There is no 1+1=2 here... more like 1+1=1, or even 1+1=<1...

I am repeating myself.

Maybe if I say it enough the message will be hammered home.

If you think Quebec jobs will be lost under the leadership of the MP for Papineau I will kindly disagree.

Is it really about jobs? Two Quebec companies merge. What is the sum of AC/Transat Quebec jobs, pre versus post merger? I realize Covid made this nearly impossible to ascertain. However I am pretty confident there will be more Quebec jobs if a Transat is kept separate.

That said I would caution reading much into this as far as intent on AC’s part goes. It could all be a “strategic leak” to bring pressure to bare on the Government/Transat and its shareholders. Remember, even if AC still wants Transat, they will not pass on this opportunity to possibly get it for less.

IOW merger or not, a game of chicken was virtually guaranteed, when Covid trashed the industry. It is starting as we speak and looks like the finish line is September 27.

Nothing focuses the mind like a hanging in the morning.

[timeflies]

Who to believe now?

Air Canada Says Transat Acquisition Not on Hold

source : https://ca.travelpulse.com/news/airline ... jH6Wsp9Jhs

[rudder]

https://business.financialpost.com/tran ... uy-transat

[Sharklasers]

https://business.financialpost.com/tran ... uy-transat

As much as a deeply want this deal to go away with every fibre of my being. I have to say the author of this article doesn’t seem to know what he is talking about and could likely be disregarded,
“ The acquisition of Montreal-based Transat, a regional carrier, was seen as a way for Air Canada to extend its domestic network and capture more flights out of regional hubs.”

All AC will continue to say is that the regulatory process is ongoing, if it can be proven that AC intentionally soured the deal by lobbying the government I’m sure it would all end up in a long and expensive lawsuit. Time will tell.

[milhouse]

All these articles claiming AC wants to pull out are all actually just quoting the TVA article. Which is likely garbage. If a source actually did know that AC asked the government to block the deal, they would have to be really high up at either AC or TC. Why on earth would someone in that position decide to go to the media with this, and especially why on earth would they choose TVA, the least reputable news source in Quebec? TVA has for years made shit up under the cover of "sources that cannot be named" in order to avoid litigation once it becomes clear what they printed was bullshit designed to advance PKPs agenda.

I personally do not think this deal will go through, but I don't think anyone should be attaching any weight to the 3 mysterious "sources" from TVA. Until someone else reports it (that isn't citing the TVA article) this is a non story.

[Localizer]

But sinking the big ship, the real golden goose, for guppy optics isn't the play and that's what this thread is about.

Watch the "golden goose" talk .. We may cringe if we knew how much the "golden goose" really cost taxpayers since inception.

[DanWEC]

When an article starts with "Analysts say" it is just some body's opinion.

When an article starts with "Air Canada Says", like the last one supporting the purchase. I'd hope it's substantially more credible, but who knows that PR or legal game it could be.

Regardless, no fricken idea what will happen. I'm designing and renovating kitchens now.

[altiplano]

But sinking the big ship, the real golden goose, for guppy optics isn't the play and that's what this thread is about.

Watch the "golden goose" talk .. We may cringe if we knew how much the "golden goose" really cost taxpayers since inception.

Since privatisation would be the metric, and it would be a huge positive amount for Canada.

[flyinhigh]

And than there is this. There is so many variables at play in this chess game that nobody has any idea as to how it is going to play out.

I can't see it happening in this economic climate, but I am just a lowly pilot so what do I know.

https://montreal.ctvnews.ca/air-canada- ... -1.4968598

[Fanblade]

And than there is this. There is so many variables at play in this chess game that nobody has any idea as to how it is going to play out.

I can't see it happening in this economic climate, but I am just a lowly pilot so what do I know.

https://montreal.ctvnews.ca/air-canada- ... -1.4968598

That’s a strange headline based on AC’s statement. It seems to be an assumption based on AC’s generic comment that it is waiting on regulators.

Air Transat wouldn’t comment on the report on Wednesday, but Air Canada issued a statement saying that the only meetings it has had with government relate to the impact of COVID-19, and when it comes to Air Transat, Air Canada simply said it was waiting to hear what regulators decide.

What else can AC say without getting sued by Transat or in trouble with the SEC?

AC messaging has actually been very consistent. They have consistently done nothing to quell anxiety over the deal. That is deliberate.

They either want out or are looking for a better deal. They want the market, Transat and its investors nervous. Every time AC gets asked about Transat, without replying they are fully committed to the deal anxiety goes up another notch.

Anxiety and time frame constraints. Looks like preparation for a burning platform. Which by the way is CR’s hallmark.

Old article but worth the read.

https://www.theglobeandmail.com/report- ... le1090487/

CALIN ROVINESCU Sometimes you have to reinvent the wheel Calin Rovinescu, the gung-ho chief restructuring officer (CRO) at Air Canada for 12 drama-packed months in 2003 and 2004, seems to get an extra hit of adrenalin when the pressure in a crisis reaches a climax. "The expression we would use is a 'burning platform,'" he says. A favourite adage of his: "Nothing focuses the mind like a hanging in the morning."

[rudder]

Just received an equity research note on TRANSAT A.T. INC from Scotiabank.

It isn’t just pilots on web boards offering opinions on the AC/TRZ transaction.