Absolutely.prop2jet wrote:There is no rush... we have an existing agreement to 2025.
Anyone scared of Rovinescu won't have to worry about his wrath in 2025 anyway. I don't think he has 6 more years in him as CEO... And other deals will have come and moved on by then.
GGN is cooked, that's a certainty.
Cutting off your nose to spite your face and starting an RJ program at SKY, or not hiring to mainline from Jazz, or not growing the feed you need, because someone finally called BS on fear tactics and a 16 year, sub-inflation contract (who does that? 16 years!) ... that's not going to happen... They'll sharpen their pencil.
Remember the Aimia (aeroplan) deal and Rovinescu, with his bank consortium sharks?
They told the Aimia group in a Bay Street meeting:
"Enough! The offer is $250 million, you have 20 minutes, take it or leave it."
Problem was Aimia are sharks too, and they walked out. And they had no leverage. Their contract with AC was to expire next year and they had what, a deal with Porter or Flair? They would implode.
What did they get? $450 million + a bunch of other little treats. $200million plus premium on the so called final offer... 80% more..
We on the other hand get in the pool with the sharks and get scared, and it isn't always comfortable, our leaders think they're equals, partners with the sharks... but the sharks are only looking out for themselves - not doing you any favours. Lock you down for 17 years... give me a break! 10 was ridiculous enough!
Good luck!