Bankruptcy.

[Captain Kirkk]

Figured I might as well start this thread since this will be imminent.

KD

[timeflies]

can you elaborate? your sources?

Transat has a deal on the table from PKP that will likely save them.

[Yycjetdriver]

can you elaborate? your sources?

Transat has a deal on the table from PKP that will likely save them.

Wasn’t the deal from PKP for 5$ a share within 24 hours of cancellation of the Air Canada deal. Given the fact it’s been several days and a deal with PKP has not been announced, perhaps that offer has been revoked.

[timeflies]

can you elaborate? your sources?

Transat has a deal on the table from PKP that will likely save them.

Wasn’t the deal from PKP for 5$ a share within 24 hours of cancellation of the Air Canada deal. Given the fact it’s been several days and a deal with PKP has not been announced, perhaps that offer has been revoked.

Nope. PKP's offer is definitely still on the table. and AT are considering it. most of the news about it are in french but here is an article in english:

https://thestarphoenix.com/pmn/business ... -available

[fish4life]

CCAA or bankruptcy ? They are different

[Curiousflyer]

Reuters article out today saying they'd need financing by the end of April or renegotiate their debt. The deal with PKP did not come with enough financing to deal with TRZ debt obligations and hinges on provincial or federal dollars to service debt payments. Even if the $5 share price goes through then shareholders get bought out and yet the corporation still is unable to service debt payments June 30th. It's up to the government now.

[dissent]

.

[Sharklasers]

Captain Kirk (aka Keith Demello) you can go $#%& yourself!!!!! .

Some asshole is posting pretending to be Keith, that user name has 2 K’s. Keith didn’t start this thread.
Transat will likely go bankrupt and restructure but they will still be around and eventually all their pilots will have their jobs back. AC went through it and came out stronger and more nimble than ever.
Transat will need the right people in place to see them through to the other side.
Calin Rovenescue is working for Brookfield now leading their aviation investment business and it wouldn’t shock me at all to see them enter the ring once Transat is available for pennies on the dollar.
Good time are ahead for Transat gentleman, they just have to see it through.

[haironfire]

Let’s all reflect on the username that started this post.

I had a good laugh at this one. Thank you.

I will be honest when I say I have stirred the pot in the past just to see the discussion points with smart people that results in the disscussion. No foul there, in my opinion. (Is this not what this forum is about?)

I think the initial comment was to induce discussion? There is a lot of very smart business-minded pilots out there, and this guy was just trying to get the voices shaken out of the cobwebs. Personally, I like a little bit of turmoil while talking amongst friends. I have used it on ex-wives, and lost, so dump the snarky, tricky, well-dressed with big shoes, holier-than-thou attitude, with a Hollywood body and a Nashville voice. Somehow there is salary loss in the end WITH SUPPORT PAYMENTS?

Back to the topic, Bankruptcy. This topic really is a good discussion point though, in my opinion? Something to think about. Far fetched, but let's have a run at it?

How is this going to play out? For the pilots involved, of course they are very concerned, but ALL PILOTS in Canada should be concerned as well and focused. In one way or another it will affect us.

Bankruptcy maybe not so quick? Air transat business plan modifications due to new contracts and business model are very probable? Either forced by Fed Loan Requiments, and Quebec Loan Requirements. Then how is Peladeau going to play this into the new game?

I am not one to focus on doom and gloom, but where is the forecast? How do we make this work? I am very sure many high end people could use some inputs from us pilots in the know, because we have opinons. A lot of good ideas out here.

Please, expand........

[SeaBat]

Aviation is dead in Canada for the next few years. Who in their right mind is going to step up and buy a company that has no hope of revenue for the foreseeable future?

[simply_no_one]

Aviation is dead in Canada for the next few years. Who in their right mind is going to step up and buy a company that has no hope of revenue for the foreseeable future?

Well the government did buy a 4.5 billion dollar pipeline....

[Stu Pidasso]

Aviation is dead in Canada for the next few years. Who in their right mind is going to step up and buy a company that has no hope of revenue for the foreseeable future?

Aviation is booming in the US and Europe, only country in the tank is the Peoples Republic of Canada. Transat will be saved by the Keebec government, paid from Equalization Payments from Alberta.

You just can't make this sh*t up.

[ayseven]

https://news.sky.com/story/covid-19-avi ... d-12213586

So this is no longer an issue, you are saying. The problem has been world wide, in case you missed it.

[altiplano]

You're dredging up 2 month old stories.

How about a story from today.

.Boris Johnson to announce relaunching of international travel:

https://www.telegraph.co.uk/global-heal ... oday-test/

[altiplano]

How about what traffic looks like.

Notice there's almost nothing over Canada.

16C37C6E-0B67-41D7-8952-D3A8F7BD9F8B.png (176.71 KiB) Viewed 4625 times

6B817EA6-0D8F-40F4-8DFE-DA27ACD49D2B.png (159.16 KiB) Viewed 4625 times

[altiplano]

And sorry about the hijack on this thread. That said I think it's ridiculous and inflammatory to bring it up, unless you want to talk about the bankruptcy of the entire sector in this country. A very real possibility based on the trajectory we are on.

[Latitude]

ZzzzzZZzzZ another stupid thread in this forum

[haironfire]

How about this idea? ONEX Swoops in and buys AT at a firesale price. This could expand Westjet's European route structure and add to Westjet Vacations.

Both WJ and AT pilots are ALPA.

Just a thought.

[redbusdriver]

the thread is valid cause it likely will happen. i am confident ac will survive as we are to big to fail. trudeau knows this he'll give us some help in a few weeks, you'll see.

[rooster]

Huh? My posts were deleted?