Search found 2171 matches

by rudder
Fri Nov 27, 2020 9:57 am
Forum: Air Canada
Topic: Cargo TA
Replies: 315
Views: 29540

Re: Cargo TA

It would have been better for all of us had ACPA merged under negotiated conditions vs. a representation vote. We would have had our terms moving over to ALPA, would have seen ALPA Canada reorganized in a way that benefits the combined us, we would have had a full roll vote on Canadian issues. Mayb...
by rudder
Fri Nov 27, 2020 8:51 am
Forum: Air Canada
Topic: Cargo TA
Replies: 315
Views: 29540

Re: Cargo TA

It would have been better for all of us had ACPA merged under negotiated conditions vs. a representation vote. We would have had our terms moving over to ALPA, would have seen ALPA Canada reorganized in a way that benefits the combined us, we would have had a full roll vote on Canadian issues. Mayb...
by rudder
Thu Nov 26, 2020 8:05 am
Forum: Porter Airlines
Topic: Porter sues YTZ Terminal owners
Replies: 11
Views: 989

Re: Porter sues YTZ Terminal owners

AC will take the slots. But they will not be paying Porter (or anyone else) for them. They have no asset value. But they do incur a holders fee.
by rudder
Sat Nov 21, 2020 11:00 am
Forum: Air Canada
Topic: Recall timeline
Replies: 34
Views: 5301

Re: Recall timeline

Everyone keeps talking about returning to 2019 levels. Please remember 2019 was the best year ever seen in aviation. YVR A320 captain after 2yrs? Completely unheard of in my time flying. Perhaps we should lower our expectations a bit to make a more realistic timeline. I would say the argument is th...
by rudder
Thu Nov 19, 2020 9:33 am
Forum: Air Canada
Topic: Recall timeline
Replies: 34
Views: 5301

Re: Recall timeline

FL-280 wrote: Thu Nov 19, 2020 9:26 am edited my post after reading it 2-3 times and catching on
No problem.

If fully subscribed, it would be approximately 10.8 million AC shares.

AC could either issue new shares (dilute) or purchase on open market. Given the current AC share price, more likely to issue.
by rudder
Thu Nov 19, 2020 9:25 am
Forum: Air Canada
Topic: Recall timeline
Replies: 34
Views: 5301

Re: Recall timeline

FL-280 wrote: Thu Nov 19, 2020 9:19 am
Ok, Cash or Shares. I thought I had seen they could do a combination of both. My point remains, I believe they would pay cash at this point.
They (AC?) don’t have a choice.

Per the amended purchase agreement, each TRZ shareholder has the choice - cash or shares.
by rudder
Thu Nov 19, 2020 9:15 am
Forum: Air Canada
Topic: Recall timeline
Replies: 34
Views: 5301

Re: Recall timeline

TRZ shareholders could also get paid in cash by AC, it's AC'S option. Cash, shares (17.47$) or a combination of the two! AC has 50 000 issuable shares, I doubt they will use them at 17.47$ when market is trading at almost 22$.... MONTREAL, Oct. 10, 2020 /CNW Telbec/ - Air Canada announced today tha...
by rudder
Thu Nov 19, 2020 7:30 am
Forum: Air Canada
Topic: Air Canada Second Trip to C.C.A.A.?
Replies: 55
Views: 13313

Re: Air Canada Second Trip to C.C.A.A.?

Thus far, AC has been able to ‘restructure’ many cash sensitive financing and commercial obligations. Accordingly, cash burn is reduced and tipping point for insolvency moving further away from today’s date. No doubt that AC will be engaging with vendors as well to modify terms to reflect anticipate...
by rudder
Thu Nov 19, 2020 7:18 am
Forum: Air Canada
Topic: Recall timeline
Replies: 34
Views: 5301

Re: Recall timeline

So, add up mainline, Rouge, Transat block hours for summer 2019 and estimate when that number will equal mainline, Rouge, Cargo, and Transat in the future. I would be surprised if that happens by 2023. That will happen never. The plan always was to consolidate routes, fewer flights vs. seperate ope...
by rudder
Thu Nov 19, 2020 6:00 am
Forum: Air Canada
Topic: Recall timeline
Replies: 34
Views: 5301

Re: Recall timeline

If in three years, which is Q4 2023, we are at 2019 level of revenue and capacity. You can expect not recalls, but hiring in 2023! I expect all recalls to be completed by the end of 2022. Peak flying levels (non COVID) commence in June of each year and run to September. True, if you are training 60...
by rudder
Thu Nov 19, 2020 5:38 am
Forum: Air Canada
Topic: Recall timeline
Replies: 34
Views: 5301

Re: Recall timeline

As for Transat, share price is well over 5$ right now. Who knows, shareholders might vote it down. If not, the arbitrator can decide... but at a minimum Transat will be ran seperate for 12-18 months which brings us well into 2022. TRZ is over the offer price because the set price for those taking A...
by rudder
Wed Nov 18, 2020 9:16 am
Forum: Air Canada
Topic: Recall timeline
Replies: 34
Views: 5301

Re: Recall timeline

It is likely impossible to reasonably estimate a recall timeline for AC pilots on lay-off without factoring in the Transat acquisition. That transaction will bring more pilots than jobs. To be determined is what the operational structure of AC/Rouge/Cargo/Transat will look like. Oh, and later on top...
by rudder
Sun Nov 15, 2020 7:53 pm
Forum: Jazz Aviation LP - Air Canada Express
Topic: Chorus/Ggn/Sky merge
Replies: 87
Views: 22424

Re: Chorus/Ggn/Sky merge

Rudder, What impact, do you think, will the announcement of AC cancelling orders for 10 Max's and 12 220's, have on the Express operation? Just speculation, but the NB reductions vs the long term (post 2024) AC commercial plan may mean that a 50+ fleet of Express 76 seat jets is sustainable. Recall...
by rudder
Sun Nov 15, 2020 8:19 am
Forum: Jazz Aviation LP - Air Canada Express
Topic: Chorus/Ggn/Sky merge
Replies: 87
Views: 22424

Re: Chorus/Ggn/Sky merge

With Covid, is there a stronger or weaker case for the consolidation of all AC Express flying into one entity? Express is going to be a smaller operation for at least the next 2 years. Perhaps longer. Who’s operation will shrink? Jazz? SKY? Both? CHR will understand that some form of consensual dis...
by rudder
Sat Nov 14, 2020 2:59 pm
Forum: Air Canada
Topic: Cargo TA
Replies: 315
Views: 29540

Re: Cargo TA

and a potential 95 route cancelation commercial plan (including Express) , more negative consequences loom just around the corner. Do you have a link for this ? Yup. Q3 AC analyst call (comment attributed to CR) and this: https://www.theglobeandmail.com/business/article-airlines-express-frustration...
by rudder
Sat Nov 14, 2020 11:54 am
Forum: Air Canada
Topic: Cargo TA
Replies: 315
Views: 29540

Re: Cargo TA

Probably correct. Only caveat is a lot of people believed that back in 2011 and it turned out Calin was crafty. He disappears for a while stacking the cards in his favour. Shows up down the road with a gun to your head. Supposedly CR wanted the cargo specialty issue settled with MOA 2. That did not...
by rudder
Sat Nov 14, 2020 11:01 am
Forum: Air Canada
Topic: Cargo TA
Replies: 315
Views: 29540

Re: Cargo TA

We leaned this during TA1 nearly a decade ago. We overwhelmingly voted no. Ended up in arbitration. Final offer selection left us with TA1 minus a bunch. The jurisprudence says you can not walk away from what you agreed to. Once the MEC has recommended something our vote is meaningless. Materially ...
by rudder
Fri Nov 13, 2020 10:15 am
Forum: Air Canada
Topic: Cargo TA
Replies: 315
Views: 29540

Re: Cargo TA

But if we can build a domestic cargo network to supplement our international loads this will allow us to rebuild our entire network faster than without it. In response to an analyst question, Rousseau made it clear that the dedicated cargo specialty company using 767’s was NOT for domestic cargo, b...
by rudder
Thu Nov 12, 2020 9:09 am
Forum: General Airline Industry Comments
Topic: Same Day Commuting and new Flight Duty Regs
Replies: 12
Views: 1867

Re: Same Day Commuting and new Flight Duty Regs

The only instance in the regs where ‘acclimatization’ applies is in the context of ‘duty’. Duty is associated with a cycle of work. It is only duty that forces a pilot in to acclimatization. ‘Fit for duty’ is a completely different issue and little has changed in that regard. Recall when the rest ru...
by rudder
Wed Nov 11, 2020 10:19 am
Forum: Air Canada
Topic: Cargo TA
Replies: 315
Views: 29540

Re: Cargo TA

Is there any language at all to stop them from reducing other WB positions when adding these freighter positions? That seems critical to me. We aren't protecting any jobs if that's not there, and worse than that we are trading good positions for worse ones. Cargo in WB aircraft right now is under a...

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