AC and TRZ Agree to Terminate Arrangement

[altiplano]

If you believe that everybody in the COVID era will take a haircut except the TRZ shareholders (including JME) then you may be in for a surprise.

The transaction may happen - now - later - but it will not be on the terms of the original deal.

Buying an airline that has completely ceased operations isn't what CR signed for.

If this deal doesn't fully unravel, it will certainly take a new appearance.

[Jean-Luc Monette]

Buying an airline that has completely ceased operations isn't what CR signed for.

If this deal doesn't fully unravel, it will certainly take a new appearance.

Actually, I wouldn’t be surprised if CR actually had something to do with that decision...

[aerodude]

Buying an airline that has completely ceased operations isn't what CR signed for.

If this deal doesn't fully unravel, it will certainly take a new appearance.

Actually, I wouldn’t be surprised if CR actually had something to do with that decision...

I think coordinating between companies like that before actual ownership/merge would be illegal. Doubt it.

[FL320]

Buying an airline that has completely ceased operations isn't what CR signed for.

If this deal doesn't fully unravel, it will certainly take a new appearance.

Actually, I wouldn’t be surprised if CR actually had something to do with that decision...

I think coordinating between companies like that before actual ownership/merge would be illegal. Doubt it.

I won’t share corporate info on a public forum but you would be surprised...

[aerodude]

Actually, I wouldn’t be surprised if CR actually had something to do with that decision...

I think coordinating between companies like that before actual ownership/merge would be illegal. Doubt it.

I won’t share corporate info on a public forum but you would be surprised...

Knowing how CR works, i guess i shouldn't be surprised.

[altiplano]

Actually, I wouldn’t be surprised if CR actually had something to do with that decision...

I think coordinating between companies like that before actual ownership/merge would be illegal. Doubt it.

I won’t share corporate info on a public forum but you would be surprised...

So you have direct knowledge that Air Canada and Transat are in violation of securities regulations?

Apparently you are an insider, you are also on the record on this forum as having purchased the stock recently. You are breaking several laws and would be wise to report your self and the involved parties to the OSC.

https://www.osc.gov.on.ca/en/whistleblower.htm

[FL320]

I think coordinating between companies like that before actual ownership/merge would be illegal. Doubt it.

I won’t share corporate info on a public forum but you would be surprised...

So you have direct knowledge that Air Canada and Transat are in violation of securities regulations?

Apparently you are an insider, you are also on the record on this forum as having purchased the stock recently. You are breaking several laws and would be wise to report your self and the involved parties to the OSC.

https://www.osc.gov.on.ca/en/whistleblower.htm

Lol you’re that kind of guy...
I’m not an insider; I don’t have more information than what is publicly published. As for the shares; I use common sense...

[mbav8r]

I won’t share corporate info on a public forum but you would be surprised...

So you have direct knowledge that Air Canada and Transat are in violation of securities regulations?

Apparently you are an insider, you are also on the record on this forum as having purchased the stock recently. You are breaking several laws and would be wise to report your self and the involved parties to the OSC.

https://www.osc.gov.on.ca/en/whistleblower.htm

Lol you’re that kind of guy...
I’m not an insider; I don’t have more information than what is publicly published. As for the shares; I use common sense...

So which is it, you won’t share corporate information or you don’t have any more than is already public?

[FL320]

So which is it, you won’t share corporate information or you don’t have any more than is already public?

Yes: I won’t share corporate info and I don’t have any more than is already public.

[Daniel Cooper]

I'm curious if most laid of Air Transat are actively trying to pursue new jobs or are waiting for this buyout to happen? It's fun to speculate on what might happen but if it stops someone from advancing their career in the meantime it be harmful to them. If the dream of being merged into the ACPA seniority list instead of being laid off (while Air Canada pilots get laid off in their place?) gives them hope it can be helpful mentally. Not if it prevents them from moving on with their life though.

[indieadventurer]

I'm curious if most laid of Air Transat are actively trying to pursue new jobs or are waiting for this buyout to happen? It's fun to speculate on what might happen but if it stops someone from advancing their career in the meantime it be harmful to them. If the dream of being merged into the ACPA seniority list instead of being laid off (while Air Canada pilots get laid off in their place?) gives them hope it can be helpful mentally. Not if it prevents them from moving on with their life though.

Most Air Transat pilots are probably waiting to go back to work at Air Transat.

From talking to colleagues there, many aren't dreaming of being merged into your list anyways. I think they recognize the long term job security the deal would bring though.

They had a very good lifestyle gig going and with their new pay scales that were signed off on by the company, they were beginning to bridge the gap with WestJet and Air Canada.

[Jean-Luc Monette]

I'm curious if most laid of Air Transat are actively trying to pursue new jobs...

I wonder where we’d be looking these days...

[altiplano]

I won’t share corporate info on a public forum but you would be surprised...

So you have direct knowledge that Air Canada and Transat are in violation of securities regulations?

Apparently you are an insider, you are also on the record on this forum as having purchased the stock recently. You are breaking several laws and would be wise to report your self and the involved parties to the OSC.

https://www.osc.gov.on.ca/en/whistleblower.htm

Lol you’re that kind of guy...
I’m not an insider; I don’t have more information than what is publicly published. As for the shares; I use common sense...

The kind that follows the law?

Or the kind that would whistle blow someone providing insider tips and profiting on insider trading for a $5million reward?

Guilty...

[airboy1]

Can the deal really get shut down? If TC approves, what allows AC to back out?
Coronavirus is not just uniquely affecting transat, it's affecting all airlines so AC has to acquire it now. Pretty much a done deal.

[FL320]

Altiplano, you’re really wasting your time on this one.

Most Air Transat pilots are probably waiting to go back to work at Air Transat.

+1

[co-joe]

I'm curious if most laid of Air Transat are actively trying to pursue new jobs...

I wonder where we’d be looking these days...

I heard Costco is hiring.

[Jean-Luc Monette]

I'm curious if most laid of Air Transat are actively trying to pursue new jobs...

I wonder where we’d be looking these days...

I heard Costco is hiring.

Real funny....

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, so I’ll tell him you said to go and apply at Costco...

[FL-280]

You bet AC can pull out of this! This is a black swan, act of god, force majeur whatver you want to call it event. AC has been very silent, and there is no way they are spending 720M$ on an airline that isn't worth 100M$....
Transat guys can apply at AC when this is all done with if they want.

[DanWEC]

You bet AC can pull out of this! This is a black swan, act of god, force majeur whatver you want to call it event. AC has been very silent, and there is no way they are spending 720M$ on an airline that isn't worth 100M$....
Transat guys can apply at AC when this is all done with if they want.

We're fortunate that the CFO of AC is posting here, and intimately familiar with the language of the contract. Whew.

[altiplano]

I'm just saying, you're claiming illegal collusion between two separate companies, alluding to having insider info and then denying it.

So which is it?

And that OSC link... $5 million reward to report improprieties like you have suggested. If I had direct knowledge of the things you say I'd take the $5 million in a heartbeat.

[98 Corolla]

Most Air Transat pilots are probably waiting to go back to work at Air Transat.

I was afraid of that. Time for some soul searching and asking yourself if any Canadians are really going to be taking a vacation in the next year, and if those few that can still afford vacations are looking for an all inclusive trip to Cuba.

[FL320]

Most Air Transat pilots are probably waiting to go back to work at Air Transat.

I was afraid of that. Time for some soul searching and asking yourself if any Canadians are really going to be taking a vacation in the next year, and if those few that can still afford vacations are looking for an all inclusive trip to Cuba.

The same will apply for business travelers. Most people I know who were regularly flying for business are planning to continue with webcam meetings in the future.

[tsgas]

Most Air Transat pilots are probably waiting to go back to work at Air Transat.

I was afraid of that. Time for some soul searching and asking yourself if any Canadians are really going to be taking a vacation in the next year, and if those few that can still afford vacations are looking for an all inclusive trip to Cuba.

The same will apply for business travelers. Most people I know who were regularly flying for business are planning to continue with webcam meetings in the future.

Also many will be looking at buying fraction shares of corporate aircraft.

[indieadventurer]

Most Air Transat pilots are probably waiting to go back to work at Air Transat.

I was afraid of that. Time for some soul searching and asking yourself if any Canadians are really going to be taking a vacation in the next year, and if those few that can still afford vacations are looking for an all inclusive trip to Cuba.

You were afraid of what? Everyone in the industry is well aware of the potential and probable massive implications this will have on our livelihoods for years to come.

At the moment though practically no one is hiring. I suspect most are waiting to see what transpires over the coming months before making any longer term decisions.

[co-joe]

I wonder where we’d be looking these days...

I heard Costco is hiring.

Real funny....

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, so I’ll tell him you said to go and apply at Costco...

Try to keep an open mind. 703 operators with 2 aircraft in small towns are getting hundreds of resumes from 737 pilots. Costco may be the best any of us can hope for for the next little while. We may well be heading into the second great depression. The last one had 24% unemployment. We're halfway there.