AC and TRZ Agree to Terminate Arrangement

[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.

[Localizer]

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

Maybe .. maybe not. Canadians could really care less at the end of the day, I see more calls/comments to let airlines go bankrupt .. We’ll see what the drama teacher brings to the table. I wouldn’t hold my breath considering airlines are raising their own money .. our votes aren’t worth buying apparently.

[altiplano]

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

Maybe .. maybe not. Canadians could really care less at the end of the day, I see more calls/comments to let airlines go bankrupt .. We’ll see what the drama teacher brings to the table. I wouldn’t hold my breath considering airlines are raising their own money .. our votes aren’t worth buying apparently.

Not maybe.

The data on the economic contribution to the country from AC is fact. Between 10s of thousands of direct jobs, and tens of thousands of supporting jobs, the high tax and fee structures in this country, the connecting of regions and continents, driving and stimulating business and tourism.

The idea of the government constantly bailing out AC over the years is fallacy, there was a loan that was paid back, and they provided flexibility in the pension crisis which didn't cost anyone anything.

I agree on the rest of what you said though.

[Dry Guy]

Air Canada simply said it was waiting to hear what regulators decide.

How does that become "Air Canada says it's not backing out of Air Transat deal"? They did not say that. It bothers me the media can't report the news accurately or without their own little twist on it.

[Fanblade]

Air Canada simply said it was waiting to hear what regulators decide.

How does that become "Air Canada says it's not backing out of Air Transat deal"? They did not say that. It bothers me the media can't report the news accurately or without their own little twist on it.

I agree.

[Old fella]

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

Maybe .. maybe not. Canadians could really care less at the end of the day, I see more calls/comments to let airlines go bankrupt .. We’ll see what the drama teacher brings to the table. I wouldn’t hold my breath considering airlines are raising their own money .. our votes aren’t worth buying apparently.

Ok... what would The Toole and/or Chopper MacKay or the two social conservatives candidates do should they become PM that our drama teacher PM can’t/won’t. Just asking

[altiplano]

How about act decisively and not link economics to social justice?

[Fanblade]

Ok... what would The Toole and/or Chopper MacKay or the two social conservatives candidates do should they become PM that our drama teacher PM can’t/won’t. Just asking

Someone will eventually have to deal with the economic mess of putting the boot to the neck of Alberta and now Newfoundland. It takes time for the financial contagion to spread. Alberta is still paying into equalization because it is a rolling average. Eventually Alberta will register as have not or at the best middle of the road and the flow of $ to central Canada will stop. Newfoundland will be put back deep into have not status.

It’s not just the deficits our drama teacher is running, he is also reducing revenue at the same time. Eventually someone will have to fix it. That will be a conservative. Once fixed we will vote back in a Liberal and live the high life ignoring the consequences. Then we will elect a conservative again to fix that.

On and on it goes. Spender, fixer, spender, fixer.

Everyone likes the spender. Taking from Peter to pay Paul? Awesome so long as you are Paul. So long as there are more Paul’s the spender rules parliament.

The fixer? Put up with them out of necessity, and only as long as required. Unless of course you are Peter and know what’s next if the fixer gets replaced by the spender.

But not all is lost. There are young people who understand what we are doing to them. What I’m wondering is what they are going to do to us when they eventually have to be the fixer?

http://www.generationscrewed.ca/

[Big Pistons Forever]

Fan

Sorry but the facts just don’t support the old trope of Conservatives fiscally prudent, Liberals spendthrifts

The liberals had to fix the huge deficit run up by Mulroney, and Harper had the deficit up to 55 billion at one point.

Deficits always soar under conservatives because they cut taxes but don’t cut spending. The spending doesn’t get cut because voters by and large like the government programs they get.

No Conservative has shown the intestinal fortitude to make the kinds of cuts required to meaningfully bend the spending curve. Instead they peddle the fantasy that they can cut taxes but maintain spending.

The poster child for bad governance is Alberta. God gave them the pot of gold and 25 years of Conservative government pissed it away.

Norway’s Sovereign oil fund reserve 1.1 Trillion, Alberta’s 9 Billion

[tsgas]

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

Maybe .. maybe not. Canadians could really care less at the end of the day, I see more calls/comments to let airlines go bankrupt .. We’ll see what the drama teacher brings to the table. I wouldn’t hold my breath considering airlines are raising their own money .. our votes aren’t worth buying apparently.

Ok... what would The Toole and/or Chopper MacKay or the two social conservatives candidates do should they become PM that our drama teacher PM can’t/won’t. Just asking

What does your socialist political views have to do with aviation ?

[rudder]

Back to the thread topic.

Most North American airline stocks up 15-40% in the last 3 trading days. TRZ is down.

Investors are placing bets.

[Gilles Hudicourt]

Deleted

[goldeneagle]

Investors are placing bets.

You are confusing momentum traders with investors.

[tsgas]

Investors are placing bets.

You are confusing momentum traders with investors.

Either way , they have to make a financial Investment , in order to buy the shares.

[98 Corolla]

Latest from Air Transat

While the Corporation remains firmly committed to completing the transaction with Air Canada, certain factors beyond its control and related to the COVID-19 pandemic could influence the outcome of the proposed arrangement. The market conditions of the global industry have been completely transformed. Among other things, the vast majority of North American, European and international air carriers have announced reductions in capacity and requested financial assistance measures. This could impact the possibility of reaching an agreement with regulatory authorities regarding an appropriate package of remedies aimed at obtaining the necessary approvals.

[rudder]

Also mentioned in the same corporate statement is the possibility that the corporation may need to add debt (for liquidity?) which would be a breach of the purchase covenant.