Q4 Results

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777Aviate
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Q4 Results

Post by 777Aviate »

https://www.coastreporter.net/transat-a ... 1.24253966

Seems like the vote will likely pass. Let's hope for a rebound in 2021!
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aerodude
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Re: Q4 Results

Post by aerodude »

Also a perfect way to deter any other company that wanted to outbid AC and pretty much corner the TRZ shareholders to vote yes.

TRZ is going to have serious solvency issues sooner rather than later.

There can always be surprises last minute in terms of bid or goverment rejection but looks like AC is indeed taking over this ship. Good luck to all.
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rudder
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Re: Q4 Results

Post by rudder »

aerodude wrote: Sat Dec 12, 2020 11:50 am Also a perfect way to deter any other company that wanted to outbid AC and pretty much corner the TRZ shareholders to vote yes.

TRZ is going to have serious solvency issues sooner rather than later.

There can always be surprises last minute in terms of bid or goverment rejection but looks like AC is indeed taking over this ship. Good luck to all.
Not really.

There are losses and there are losses. Much of the deficit was non-cash losses that were included.

For solvency, look at cash on hand and cash burn rate.

Regardless, there is no viable alternative for TRZ than the AC revised offer. TRZ shareholders are already getting more than the offer price due to appreciation in AC shares.
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dash8driver
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Re: Q4 Results

Post by dash8driver »

Is it just me or does the merger seem pretty negative: AC will take even longer before they start hiring, low seniority pilots at AC will now have to wait even longer for a recall, and finally one less Airline offering free Jump-seat Benefits.
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aerodude
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Re: Q4 Results

Post by aerodude »

rudder wrote: Sat Dec 12, 2020 12:26 pm
Not really.

There are losses and there are losses. Much of the deficit was non-cash losses that were included.

For solvency, look at cash on hand and cash burn rate.

Regardless, there is no viable alternative for TRZ than the AC revised offer. TRZ shareholders are already getting more than the offer price due to appreciation in AC shares.
All I see in real assets is some cash nothing else can be financed as everything is leased. Cash burn rate wont matter if creditors start panicking and borrowing rates would skyrocket.

Anyways its not really up for debate, page 43 of the TRZ annual report does state it will have a risk to coninue operation in next 12 months if the merge is not approved unless they get 500 million from somewhere.
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