Air Canada and Transat announce Increased Purchase Price to $18 per Share

Discuss topics related to Air Transat.

Moderators: North Shore, ahramin, sky's the limit, Sulako

Post Reply
FL320
Rank 4
Rank 4
Posts: 285
Joined: Tue Sep 14, 2010 11:44 am

Re: Air Canada and Transat announce Increased Purchase Price to $18 per Share

Post by FL320 »

---------- ADS -----------
  

User avatar
LittleNelly
Rank 1
Rank 1
Posts: 30
Joined: Sat Jan 30, 2016 11:07 am

Re: Air Canada and Transat announce Increased Purchase Price to $18 per Share

Post by LittleNelly »

Quebec advocating for Quebec first.. what a shocker

Everyone knows it’s bad for competition( All Canadians), Bad for Air Canada whose priority now is to preserve liquidity and survive, and bad for Air Canada Employees who would sacrifice their jobs(not just pilots but the whole employee group)

The only winners from this deal, as is, would be the Transat employees and shareholders. Times have changed, in the current environment Air Canada has NOTHING to benefit from the deal anymore. Market share of a dead transatlantic leisure market, labour and aircraft that are not needed anymore.

It will not go over well if Air Canada receives federal assistance, to then go and send $700 million of tax payers money to Air Transat shareholders which includes the friend and former partner of the premier of Quebec. That will not happen. If Quebec wants to bail them out, let Quebec bail them out.
---------- ADS -----------
  

altiplano
Rank 11
Rank 11
Posts: 4058
Joined: Sat Jan 22, 2005 2:24 pm

Re: Air Canada and Transat announce Increased Purchase Price to $18 per Share

Post by altiplano »

That report is bought and paid for!
---------- ADS -----------
  

ayseven
Rank 5
Rank 5
Posts: 327
Joined: Wed Jul 31, 2019 4:17 am

Re: Air Canada and Transat announce Increased Purchase Price to $18 per Share

Post by ayseven »

We look after our own here in Quebec. It should be an attitude every other province takes, but that is their problem. I have always had the belief that BC for example, goes out of its way to step on their own, in favour of easy money from people from elsewhere (I am talking about other provinces, not just other nationalities). It is just a philosophy, and it can be changed if we want it.

I am on the sidelines (as usual), but I don't see how AC employees can come out winners in this. AC cares about share prices and profits. Employees are just an evil necessity.
---------- ADS -----------
  

Fanblade
Rank (9)
Rank (9)
Posts: 1009
Joined: Mon Mar 28, 2011 8:50 pm

Re: Air Canada and Transat announce Increased Purchase Price to $18 per Share

Post by Fanblade »

ayseven wrote:
Mon Mar 30, 2020 7:50 am
We look after our own here in Quebec. It should be an attitude every other province takes, but that is their problem. I have always had the belief that BC for example, goes out of its way to step on their own, in favour of easy money from people from elsewhere (I am talking about other provinces, not just other nationalities). It is just a philosophy, and it can be changed if we want it.

I am on the sidelines (as usual), but I don't see how AC employees can come out winners in this. AC cares about share prices and profits. Employees are just an evil necessity.
Ha!

AC employees will NOT Come out on top under any scenario. I suspect 20-30% gone moving forward. The question is simply how much pain will be foist upon them. Will extra pain be brought down on them through political interference.

20 years ago I watched a Liberal Government twist AC into taking on another failing company. It ended badly for everyone. Shareholders, Employees, contractors, suppliers. Everyone.

I have an idea though. How about Quebec green light energy east?

Anyone?

Nothing?

Thought so
---------- ADS -----------
  
Last edited by Fanblade on Mon Mar 30, 2020 8:00 am, edited 1 time in total.

airboy1
Rank 1
Rank 1
Posts: 43
Joined: Thu Sep 08, 2011 12:54 pm

Re: Air Canada and Transat announce Increased Purchase Price to $18 per Share

Post by airboy1 »

If sunwing doesn't restart operations.... am i correct to say all i will have as a choice for vacation flying is air canada and westjet after this merge?
---------- ADS -----------
  

Fanblade
Rank (9)
Rank (9)
Posts: 1009
Joined: Mon Mar 28, 2011 8:50 pm

Re: Air Canada and Transat announce Increased Purchase Price to $18 per Share

Post by Fanblade »

airboy1 wrote:
Mon Mar 30, 2020 7:59 am
If sunwing doesn't restart operations.... am i correct to say all i will have as a choice for vacation flying is air canada and westjet after this merge?
Yup. But regardless of consolidation that may happen anyway through failures.

The problem with shutting down or ceasing operations completely is that now you have no forward bookings. When you restart, the cash burn will be MASSIVE. Most of those travelling will be travelling on previous credit. Neither Sunwing or Transat have the capital on their own. In fact no one knows how leveraged WJ might be at the moment. That might be a wildcard no one has considered. They were just bought by a hedge fund in a highly leveraged transaction.

So a huge cash infusion is now required for Transat and Sunwing to restart. Right at a time when AC will need every inch of its cash reserves to fund its own restart which also will be massive. Westjet? No one knows.

So unless someone ponies up a HUGE bailout, failures will happen.

This is the real issue now. Who funds all the restarts?

Government is overwhelmed, Airlines are overwhelmed. I suspect nothing will transpire of any substance until post pandemic. Throw money at things in the short term and figure it out later.
---------- ADS -----------
  
Last edited by Fanblade on Mon Mar 30, 2020 8:39 am, edited 7 times in total.

altiplano
Rank 11
Rank 11
Posts: 4058
Joined: Sat Jan 22, 2005 2:24 pm

Re: Air Canada and Transat announce Increased Purchase Price to $18 per Share

Post by altiplano »

Or drive to Burlington/Buffalo/Bellingham.

Or Connect to DFW/ORD/ATL.
---------- ADS -----------
  

andrewhartjr
Rank 0
Rank 0
Posts: 10
Joined: Sat Feb 10, 2018 5:16 pm

Re: Air Canada and Transat announce Increased Purchase Price to $18 per Share

Post by andrewhartjr »

Do you guys realize how strong financially Sunwing actually is? I don't think you really know what the Sunwing group is. The Hunters (owners) are always ahead of the curve and they immediately protected their operations with the layoffs. TUI owns 49% of Sunwing. TUI has in its accounts 1.7 billion Euros in Cash and the German government just approved a Bridging loan of 1.8 billion euros.
---------- ADS -----------
  

Fanblade
Rank (9)
Rank (9)
Posts: 1009
Joined: Mon Mar 28, 2011 8:50 pm

Re: Air Canada and Transat announce Increased Purchase Price to $18 per Share

Post by Fanblade »

andrewhartjr wrote:
Mon Mar 30, 2020 8:16 am
Do you guys realize how strong financially Sunwing actually is? I don't think you really know what the Sunwing group is. The Hunters (owners) are always ahead of the curve and they immediately protected their operations with the layoffs. TUI owns 49% of Sunwing. TUI has in its accounts 1.7 billion Euros in Cash and the German government just approved a Bridging loan of 1.8 billion euros.
I’m not suggesting Sunwing won’t restart. I’m stating that for TUI and all its operators to restart will be MASSIVE. Everyone’s restart will be MASSIVE. Those that have, or find the financing, will come back.

Those that don’t have it won’t.
---------- ADS -----------
  

Jumbo744
Rank 2
Rank 2
Posts: 90
Joined: Sun Jun 12, 2011 11:32 am

Re: Air Canada and Transat announce Increased Purchase Price to $18 per Share

Post by Jumbo744 »

I agree. The restarts will also be quite slow.
---------- ADS -----------
  

Fanblade
Rank (9)
Rank (9)
Posts: 1009
Joined: Mon Mar 28, 2011 8:50 pm

Re: Air Canada and Transat announce Increased Purchase Price to $18 per Share

Post by Fanblade »

Jumbo744 wrote:
Mon Mar 30, 2020 8:34 am
I agree. The restarts will also be quite slow.
I agree. Capital constraints may force some operators to basically go back to scratch rather than risk failure. However those with deeper pockets could see themselves ahead 2 years from now.

I noticed porter has secured money. That is a good sign.
---------- ADS -----------
  

Gilles Hudicourt
Rank 10
Rank 10
Posts: 2122
Joined: Thu Mar 22, 2012 5:51 am
Location: YUL

Re: Air Canada and Transat announce Increased Purchase Price to $18 per Share

Post by Gilles Hudicourt »

A few posts were deleted by the MODS including one of mine. I wonder why........
---------- ADS -----------
  

User avatar
98 Corolla
Rank 2
Rank 2
Posts: 72
Joined: Wed Jan 10, 2018 10:26 am

Re: Air Canada and Transat announce Increased Purchase Price to $18 per Share

Post by 98 Corolla »

Jean-Luc Monette wrote:
Sun Mar 29, 2020 2:57 pm
You do realize many of us have been there for well over 20 years and are also close to retirement but not quite ready to pull the plug?

Our #1 is a founding member (1987) who still has 5 years of flying ahead of him, and he’s getting a layoff notice like the rest of us
If they have been there 20 years and are close to retiring wouldn't they have a reasonably large pension earned by now? Why not just retire and ride into the sunset?
---------- ADS -----------
  

Jean-Luc Monette
Rank 2
Rank 2
Posts: 99
Joined: Thu May 17, 2012 9:47 am
Location: The Laurentians, QC

Re: Air Canada and Transat announce Increased Purchase Price to $18 per Share

Post by Jean-Luc Monette »

98 Corolla wrote:
Mon Mar 30, 2020 1:26 pm
Jean-Luc Monette wrote:
Sun Mar 29, 2020 2:57 pm
You do realize many of us have been there for well over 20 years and are also close to retirement but not quite ready to pull the plug?

Our #1 is a founding member (1987) who still has 5 years of flying ahead of him, and he’s getting a layoff notice like the rest of us
If they have been there 20 years and are close to retiring wouldn't they have a reasonably large pension earned by now? Why not just retire and ride into the sunset?
I’ve been there 24 years, of which 22 as a captain, always on widebody A/C, I’m 56 and have been through 4 layoffs during my career including this coming one, but the thing is we didn’t have a “pension plan” at AT before 2000... So no, not everyone is ready to call it quits!
---------- ADS -----------
  

Fanblade
Rank (9)
Rank (9)
Posts: 1009
Joined: Mon Mar 28, 2011 8:50 pm

Re: Air Canada and Transat announce Increased Purchase Price to $18 per Share

Post by Fanblade »

---------- ADS -----------
  

aerosexual
Rank 4
Rank 4
Posts: 215
Joined: Mon Sep 14, 2009 7:28 pm

Re: Air Canada and Transat announce Increased Purchase Price to $18 per Share

Post by aerosexual »

98 Corolla wrote:
Mon Mar 30, 2020 1:26 pm
If they have been there 20 years and are close to retiring wouldn't they have a reasonably large pension earned by now? Why not just retire and ride into the sunset?
Most airlines don't have an actual pension plan. Most pilots close to retirement probably would have been in great shape to retire, but let's face it investments took a big hit. This isn't favourable to anybody unless they have a million bucks under their mattress.
---------- ADS -----------
  

FL-280
Rank 4
Rank 4
Posts: 246
Joined: Fri Jan 20, 2017 6:45 pm

Re: Air Canada and Transat announce Increased Purchase Price to $18 per Share

Post by FL-280 »

Jean-Luc Monette wrote:
Mon Mar 30, 2020 1:50 pm
98 Corolla wrote:
Mon Mar 30, 2020 1:26 pm
Jean-Luc Monette wrote:
Sun Mar 29, 2020 2:57 pm
You do realize many of us have been there for well over 20 years and are also close to retirement but not quite ready to pull the plug?

Our #1 is a founding member (1987) who still has 5 years of flying ahead of him, and he’s getting a layoff notice like the rest of us
If they have been there 20 years and are close to retiring wouldn't they have a reasonably large pension earned by now? Why not just retire and ride into the sunset?
I’ve been there 24 years, of which 22 as a captain, always on widebody A/C, I’m 56 and have been through 4 layoffs during my career including this coming one, but the thing is we didn’t have a “pension plan” at AT before 2000... So no, not everyone is ready to call it quits!
So please explain to me why Air Canada pilots must pay for your poor career choices?
---------- ADS -----------
  

flyinhigh
Rank 10
Rank 10
Posts: 2559
Joined: Mon Apr 19, 2004 7:42 pm
Location: my couch

Re: Air Canada and Transat announce Increased Purchase Price to $18 per Share

Post by flyinhigh »

.
---------- ADS -----------
  

dialdriver
Rank 3
Rank 3
Posts: 163
Joined: Sun Mar 20, 2016 10:09 am

Re: Air Canada and Transat announce Increased Purchase Price to $18 per Share

Post by dialdriver »

FL-280 wrote:
Mon Mar 30, 2020 5:49 pm
Jean-Luc Monette wrote:
Mon Mar 30, 2020 1:50 pm
98 Corolla wrote:
Mon Mar 30, 2020 1:26 pm


If they have been there 20 years and are close to retiring wouldn't they have a reasonably large pension earned by now? Why not just retire and ride into the sunset?
I’ve been there 24 years, of which 22 as a captain, always on widebody A/C, I’m 56 and have been through 4 layoffs during my career including this coming one, but the thing is we didn’t have a “pension plan” at AT before 2000... So no, not everyone is ready to call it quits!
So please explain to me why Air Canada pilots must pay for your poor career choices?
Actually, I am going to send Air Canada HR a thanks for the PFO.
---------- ADS -----------
  

Jumbo744
Rank 2
Rank 2
Posts: 90
Joined: Sun Jun 12, 2011 11:32 am

Re: Air Canada and Transat announce Increased Purchase Price to $18 per Share

Post by Jumbo744 »

FL-280 wrote:
Mon Mar 30, 2020 5:49 pm
Jean-Luc Monette wrote:
Mon Mar 30, 2020 1:50 pm
98 Corolla wrote:
Mon Mar 30, 2020 1:26 pm


If they have been there 20 years and are close to retiring wouldn't they have a reasonably large pension earned by now? Why not just retire and ride into the sunset?
I’ve been there 24 years, of which 22 as a captain, always on widebody A/C, I’m 56 and have been through 4 layoffs during my career including this coming one, but the thing is we didn’t have a “pension plan” at AT before 2000... So no, not everyone is ready to call it quits!
So please explain to me why Air Canada pilots must pay for your poor career choices?
Poor career choices you say? Because he found a stable job with a great company, flying beautiful planes to great destinations, work half as much as an Air Canada pilot, with a much better schedule, lifestyle and most importantly....happier and more friendly crews.

Not everybody is obsessed with Air Canada you know?
---------- ADS -----------
  

SOBIESKI
Rank 0
Rank 0
Posts: 12
Joined: Sat Mar 02, 2013 6:27 pm

Re: Air Canada and Transat announce Increased Purchase Price to $18 per Share

Post by SOBIESKI »

Jumbo744 wrote:
Mon Mar 30, 2020 6:40 pm
FL-280 wrote:
Mon Mar 30, 2020 5:49 pm
Jean-Luc Monette wrote:
Mon Mar 30, 2020 1:50 pm


I’ve been there 24 years, of which 22 as a captain, always on widebody A/C, I’m 56 and have been through 4 layoffs during my career including this coming one, but the thing is we didn’t have a “pension plan” at AT before 2000... So no, not everyone is ready to call it quits!
So please explain to me why Air Canada pilots must pay for your poor career choices?
Poor career choices you say? Because he found a stable job with a great company, flying beautiful planes to great destinations, work half as much as an Air Canada pilot, with a much better schedule, lifestyle and most importantly....happier and more friendly crews.

Not everybody is obsessed with Air Canada you know?
You mean not everyone wants to be “The PILOTS, pilots want to be” 😂
---------- ADS -----------
  

DanWEC
Rank (9)
Rank (9)
Posts: 1675
Joined: Sun Jul 26, 2009 1:05 pm
Location: 404

Re: Air Canada and Transat announce Increased Purchase Price to $18 per Share

Post by DanWEC »

FL-280 wrote:
Mon Mar 30, 2020 5:49 pm

So please explain to me why Air Canada pilots must pay for your poor career choices?
You know, 95% of AC pilots really hate the stereotype that developed from the behavior of 5%.

I wonder what percent you're in?

Hint- Self Felatio Expert wasn't one of the options so it's a trick question. Sorry!
---------- ADS -----------
  

User avatar
telex
Rank 6
Rank 6
Posts: 453
Joined: Sun Feb 07, 2016 9:05 pm

Re: Air Canada and Transat announce Increased Purchase Price to $18 per Share

Post by telex »

ayseven wrote:
Mon Mar 30, 2020 7:50 am
We look after our own here in Quebec. It should be an attitude every other province takes, but that is their problem. I have always had the belief that BC for example, goes out of its way to step on their own, in favour of easy money from people from elsewhere (I am talking about other provinces, not just other nationalities). It is just a philosophy, and it can be changed if we want it.

I am on the sidelines (as usual), but I don't see how AC employees can come out winners in this. AC cares about share prices and profits. Employees are just an evil necessity.
I guess you have never heard of equalization payments? The rest of Canada looks after you and yours.

I would be quite happy to look after mine without also looking after yours.

Can you fix that for me?
---------- ADS -----------
  

160tonoaha
Rank 1
Rank 1
Posts: 41
Joined: Wed Dec 12, 2018 11:34 pm

Re: Air Canada and Transat announce Increased Purchase Price to $18 per Share

Post by 160tonoaha »

LittleNelly wrote:
Mon Mar 30, 2020 7:37 am
Quebec advocating for Quebec first.. what a shocker

Everyone knows it’s bad for competition( All Canadians), Bad for Air Canada whose priority now is to preserve liquidity and survive, and bad for Air Canada Employees who would sacrifice their jobs(not just pilots but the whole employee group)

The only winners from this deal, as is, would be the Transat employees and shareholders. Times have changed, in the current environment Air Canada has NOTHING to benefit from the deal anymore. Market share of a dead transatlantic leisure market, labour and aircraft that are not needed anymore.

It will not go over well if Air Canada receives federal assistance, to then go and send $700 million of tax payers money to Air Transat shareholders which includes the friend and former partner of the premier of Quebec. That will not happen. If Quebec wants to bail them out, let Quebec bail them out.
You don’t think there’s a market for transatlantic and southern flying when this thing blows over even if it’s a few years ahead? Usually acquisitions are done with an investing mindset. Usually investments aren’t short term decisions.

I can see the argument that in the short term AC has to take care of its own business before considering Transat, or at least renegotiating the price for transat, but long term, AC will have won when they have all the controlling assets of transat, in a market that has historically always been profitable and important to be present in.

The transatlantic market and vacation market is non existent not because there’s no market there, but simply because the entire economy is slowing down due to this hysteria being bought in by the herd. It’s times like this where sharks are hungry for opportunities to invest into. And I don’t see AC pulling the plug over a little blip in the road. Pandemic or not, looking back 15 or 20 years from now, this will be as small of a dip in the market as when you look back at the charts from 2001 and 2008 today.

And to those that think transat was a poor career choice, haha. I pity your superior career choices at AC. No body is walking away from this unaffected, so FL280, I think everyone would be more inclined to what you have to say if you didn’t hide behind the “flying the flag” bullshit like some patriotic braveheart that had a crystal ball all along. You’re a middle class goat like the rest of us and you too are in a shit spot with today’s announcement. No body is a winner right now except those who invest.

If this is some kind of petty remark about getting hired at AC versus those that didn’t, let’s not forget the idiots that made it through that either were found dead in their hotel rooms, hanging off a balcony drunk, or wrote off an Airbus because the headwind component changed. AC is another job. And the question you should ask is not why AC pilots should save Transat pilots poor career choices; you should be asking why your superior employer decided to pursue transat pilots, and merge them into your list. The answer is quite clear when you emerge from cleaning all the “AC is great” propaganda from your bullheaded mind.
---------- ADS -----------
  

Post Reply

Return to “Air Transat”