Previously, Jacky desperately submitted to the ol' tradition ploy. 70 years, eh? Not so much.
1937- Trans Canada Air Lines incorporated by Act of Parliament.
1965- TCA renamed Air Canada.
1977- Air Canada dumped by CNR.
1989- Air Canada dumped by federal government and privatized.
2000- bought Canadian Airlines. All would be well in 18 months...
2001- launches Tango
2002- launches Zip
2003- Air Canada files for bankruptcy protection.
2004- Air Canada emerges from bankruptcy protection as
ACE Aviation
Holdings.
The 68-year old Air Canada no longer exists (just the flight attendants are 68 years old

). What you have is two-year old ACE Aviation Holdings. You might be familiar with how well two-year olds behave, reference the latest round of union/management and inter-union conflict

. If you choose to believe in your hallowed 68 year history, then old your head high for you have much to be proud.
And lion's share nothing. It would have starved to death. Air Canada was a crown corporation until 1989! On its own, it continued to lose money until mercifully laid to rest in 2003 ($3.5 billion in losses between 1998 and 2003 and $12 billion in debt by 2003). The lion of which perhaps you speak was the federal government who thankfully divorced itself from the leak in the payroll in 1989. Could you imagine what all of our taxes would be if Air Canada was still a crown corporation? Ouch.
I'll take my 10 years, thank you.
And I'll take WestJet every time on any even playing field against old ACE any day. Hell, tilt it in ACE's favour (not that it is now...) just to keep 'em afloat. Blaming WestJet or any other competitor for Air Canada's foibles is not only naive and ignorant but hilarious. Osama can't even take credit for that. Milton "has made a trade of delusions and false miracles, deceiving the stupid multitude". (da Vinci)
Air Canada sat back with its hands tied? Yes, that's why JetsGo, VistaJet, Greyhound, Roots and C3/Royal/CanJet I, etc are still going strong. Because Air Canada has it's hands tied by the big, mean old government. Too funny.

(And things were not fine at AC before the feds and onex).
And don't get me wrong, I'm not anti-ACE. Just anti-bullshit.
Keepin' it real, know what I'm sayin'? Mafacka. Peace.
