AC and TRZ Agree to Terminate Arrangement

[Hangry]

AC needs the TRZ brand.

Well that’s just not factual at all.

[Loon-A-Tic]

It may not be a "done deal" just yet it seems !!

https://montreal.ctvnews.ca/air-canada- ... -1.5310847

[Savage Poetry]

If Air Canada doesn't buy Air Transat, can both pilot groups elect to merge the lists anyways?

[Sharklasers]

If Air Canada doesn't buy Air Transat, can both pilot groups elect to merge the lists anyways?

I think this is a terrific idea and would go a long way towards pilot unity and lifting this industry up. If its for a job at AC
We could go;
1.)AC pilots
2.)AC connector pilots in DOH seniority (because thats what they were promised with the PML)
3.)DOH seniority for all the large unionized 705 carriers wj, trz, sw ect

[tsgas]

If Air Canada doesn't buy Air Transat, can both pilot groups elect to merge the lists anyways?

Will you be able keep your seniority number as a driver for Uber ?

[FL320]

At the press conference yesterday Legault said that the government will never let down Transat; they are monitoring the transaction closely and will always be there for Transat. That’s the main reason why I think AC will complete the transaction. The VFR market will be the first one to recover post covid; and having a fleet of ready to use A321neoLRs is a significant advantage for the next owner.

[RVR6000]

Clearly the market favours AC backing out of the deal given the stock price increase yesterday. Why take on more debt, restrictions and uncertainties in these times. I don’t see the Europeans approving the deal without major concessions, Ben Smith is working hard behind the scenes.

[Localizer]

Clearly the market favours AC backing out of the deal given the stock price increase yesterday. Why take on more debt, restrictions and uncertainties in these times. I don’t see the Europeans approving the deal without major concessions, Ben Smith is working hard behind the scenes.

I don’t believe for a second that AC has no idea what the government expected them to concede in this deal. The concessions on slots from the Canadian government was without a doubt negotiated, and I suspect the EU will come back with a similar (or exact) same list.

I think it’s naive to think otherwise.

I agree with FL320 that Legault’s comments yesterday are showing the political gears turning in the background. We’ve all speculated and assured it’s true yesterday, the Quebec government won’t let TRZ fail, which is why I think AC will see it through. Anything is possible, time will tell.

[LittleNelly]

Good, then let this be Quebec’s problem. As for Air Canada they, nor the rest of the country, care about the influence of the premier of Quebec.
Why not just go with Peladeau’s offer then? It’s quebec-centric and the premier says he won’t let anything bad happen to Transat so there is no risk.
AC is giving him the chance to put his money where his mouth is, by not extending the deal they are letting him have it. Or if not prepare for another drastically reduced offer from AC.

Or if Transat is as well positioned as some claim and have unlimited government backing, why not just go it alone?

[Sharklasers]

At the press conference yesterday Legault said that the government will never let down Transat; they are monitoring the transaction closely and will always be there for Transat.

https://www.journaldemontreal.com/2021/ ... et-legault

This sounds great. Really the best case scenario all around for all the pilots and something I think we can all agree on. Quebec needs another money hole now that bbd is on the ropes and the Transat pilots desperately do not want to be AC pilots anyway.

[charlo]

Good, then let this be Quebec’s problem. As for Air Canada they, nor the rest of the country, care about the influence of the premier of Quebec.
Why not just go with Peladeau’s offer then? It’s quebec-centric and the premier says he won’t let anything bad happen to Transat so there is no risk.
AC is giving him the chance to put his money where his mouth is, by not extending the deal they are letting him have it. Or if not prepare for another drastically reduced offer from AC.

Or if Transat is as well positioned as some claim and have unlimited government backing, why not just go it alone?

blablabla we know you don't wanna lose some seniority but clearly AC has bigger plans than your seniority. Look around you, it's a market of consolidation. Air France, KLM, Delta, United etc, have all expanded their operations by BUYING other airlines. This is why AC wanted to get transat. Do they still wanna buy TS, who knows but the tourism industry will likely takeoff sooner and stronger than business traveling. Furthermore, the transat board believes AC is a better move than Peledeau so stop asking why transat doesn't take Peladeau's offer.

[altiplano]

No doubt there are a lot of politics here.

But I'm surprised Legault would make that comment, given his history with Transat he should probably recuse himself from decisions regarding Quebec government policy or support and the operator.

Then again, Quebec politicians and conflicts of interest are like tea and crumpets.

[Sharklasers]

Good, then let this be Quebec’s problem. As for Air Canada they, nor the rest of the country, care about the influence of the premier of Quebec.
Why not just go with Peladeau’s offer then? It’s quebec-centric and the premier says he won’t let anything bad happen to Transat so there is no risk.
AC is giving him the chance to put his money where his mouth is, by not extending the deal they are letting him have it. Or if not prepare for another drastically reduced offer from AC.

Or if Transat is as well positioned as some claim and have unlimited government backing, why not just go it alone?

blablabla we know you don't wanna lose some seniority but clearly AC has bigger plans than your seniority. Look around you, it's a market of consolidation. Air France, KLM, Delta, United etc, have all expanded their operations by BUYING other airlines. This is why AC wanted to get transat. Do they still wanna buy TS, who knows but the tourism industry will likely takeoff sooner and stronger than business traveling. Furthermore, the transat board believes AC is a better move than Peledeau so stop asking why transat doesn't take Peladeau's offer.

AC expanded their operation through consolidation once, it turned into a 10 year protracted downturn where buying a bad debt laden company dragged AC into bankruptcy. Calin Rovenescue said himself “if you eat a sick animal you get sick”

[FL320]

At the press conference yesterday Legault said that the government will never let down Transat; they are monitoring the transaction closely and will always be there for Transat.

https://www.journaldemontreal.com/2021/ ... et-legault

This sounds great. Really the best case scenario all around for all the pilots and something I think we can all agree on. Quebec needs another money hole now that bbd is on the ropes and the Transat pilots desperately do not want to be AC pilots anyway.

I don’t think any Transat pilot do not want to be an AC pilot. I think most are just exhausted. It’s been more than a year that we have no idea about our future, laid off, rehired, re-laid off, no information because of this AC purchase. It’s been bad news after bad news, CEWS extended at the very last minute every month. Again we are just pawns here; but it’s been a rough ride. Deal or no deal, I think most just want to know if there is any future for us.

[rudder]

Peladeau is like the guy who keeps asking the girl to dance.... and she keeps saying ‘No’. Clearly, TRZ is not interested. They do not trust him.

My guess is the QC government will come up with an alternative to unveil when or if AC formally terminates the transaction.

[LittleNelly]

Good, then let this be Quebec’s problem. As for Air Canada they, nor the rest of the country, care about the influence of the premier of Quebec.
Why not just go with Peladeau’s offer then? It’s quebec-centric and the premier says he won’t let anything bad happen to Transat so there is no risk.
AC is giving him the chance to put his money where his mouth is, by not extending the deal they are letting him have it. Or if not prepare for another drastically reduced offer from AC.

Or if Transat is as well positioned as some claim and have unlimited government backing, why not just go it alone?

blablabla we know you don't wanna lose some seniority but clearly AC has bigger plans than your seniority. Look around you, it's a market of consolidation. Air France, KLM, Delta, United etc, have all expanded their operations by BUYING other airlines. This is why AC wanted to get transat. Do they still wanna buy TS, who knows but the tourism industry will likely takeoff sooner and stronger than business traveling. Furthermore, the transat board believes AC is a better move than Peledeau so stop asking why transat doesn't take Peladeau's offer.

Air Canada is buying Transat because United bought Continental 10 years ago, Delta made their move 12 years ago, and Air France KLM 16 years ago? Talk about a delayed response to the decade of consolidation.
Air Canada wanted to buy Transat to shut down a competitor and drive up yields on one of their biggest markets. Just look at the concessions they made, it shuts it all down not expands the joint operation. Quebec nationalism is a complete non-factor in Air Canada’s decision making, so there is not this worship around protecting a Quebec brand.

The question is why not want to keep Transat a standalone company? It’s just been confirmed they will be rescued if need be.

[Sharklasers]

At the press conference yesterday Legault said that the government will never let down Transat; they are monitoring the transaction closely and will always be there for Transat.

https://www.journaldemontreal.com/2021/ ... et-legault

This sounds great. Really the best case scenario all around for all the pilots and something I think we can all agree on. Quebec needs another money hole now that bbd is on the ropes and the Transat pilots desperately do not want to be AC pilots anyway.

I don’t think any Transat pilot do not want to be an AC pilot. I think most are just exhausted. It’s been more than a year that we have no idea about our future, laid off, rehired, re-laid off, no information because of this AC purchase. It’s been bad news after bad news, CEWS extended at the very last minute every month. Again we are just pawns here; but it’s been a rough ride. Deal or no deal, I think most just want to know if there is any future for us.

You sir spent 8 months antagonizing the AC pilots who were just concerned about their futures and place within the company. Neither you nor I caused this situation and I sympathize with most pilots facing job and career losses but for you I will play the worlds tiniest violin.

[TFTMB heavy]

This could be the or part of the reason AC has not extended the deadline, why would they tie their hands together without having finished negotiated this terms?

15. Implementation of the Terms and Conditions
(a) Air Canada and Transat shall not complete the Transaction until Her Majesty and Air Canada have entered into the Implementation and Monitoring Agreement. The Implementation and Monitoring Agreement shall come into force at and subject to Closing.
(b) Air Canada shall comply with the provisions of the Implementation and Monitoring Agreement.
(c) Her Majesty and Air Canada may agree in writing, from time to time, to vary, amend or supplement the provisions of the Implementation and Monitoring Agreement, consistent with the provisions of these Terms and Conditions.




About all those slots AC is giving up, go read the details; I don't see WS being able to go grab all of those, especially with 787s, and who else is going to be starting an airline and needing those slots to Europe anytime soon?

It will not be free:
7. General
(a) AirCanada shall not seek or receive any direct or indirect, compensation or recompense from any third party for or in respect of any of the measures in paragraph 2 hereof, save and except commercially reasonable compensation or recompense for any Slot at any airport outside Canada.

[chaster]

No doubt there are a lot of politics here.

But I'm surprised Legault would make that comment, given his history with Transat he should probably recuse himself from decisions regarding Quebec government policy or support and the operator.

Then again, Quebec politicians and conflicts of interest are like tea and crumpets.

Hang on now! You don’t want the merge which ok fair enuff I get it but correct me if I’m wrong I now get the Impression you don’t want To see AT supported by the QC Government! You would prefer it Fails or?

[Tdicommuter]

Maintenance in Canada
Within one year following Closing, Air Canada shall negotiate, in good faith, and agree to enter into
the agreements contemplated in the letter of intent between Air Canada and Avianor dated
September 10, 2019 and the letter of intent between Air Canada and AAR dated February 17, 2020,
regarding the construction and operation of facilities in the Province of Quebec for all airframe
overhaul maintenance for all Air Canada and Air Canada Party Airbus A330, A320 family and A220
aircraft, providing that airframe overhaul maintenance shall, subject to the terms of the agreements
to be entered into and consistent with the provisions of this paragraph 11, commence within four
years after Closing. In particular, Air Canada shall provide its available volumes of A330, A320 and
A220 airframe overhaul maintenance to support the construction and operation of A330 and A220
airframe overhaul maintenance facilities in Québec by Avianor and AAR; it being understood,
however, that the decision of the independent suppliers to construct such facilities will be made
based on, among other considerations, commercially reasonable volume projections, which will
themselves be heavily dependent on when the Canadian airline industry is no longer substantially
affected by the COVID-19 pandemic.

This seems like a rather steep demand from the government. All airbus heavy maintenance for the entire airbus fleet needs to be done in Quebec at a new building that needs to be built in Quebec? That doesn't seem like a pro Canada provision, or pro business... Rather pro Quebec. Those riders are the kinds of things that make the rest of Canada frustrated at the expectations Quebec based businesses have. I'm sure Manitoba could use those jobs, or Saskatchewan, or N.B.

I think the frustration from the AC pilot group is coming from the assumption that TRZ will ride in with loads of planes and we will all suddenly have more jobs then ever before. Reality is there will likely be consolidation of routes which means less jobs. I think the main question Rousseau will need to look at is if the threat of another buyer will outweigh the extra cash burden of taking on TRZ. Make no mistake you only have leased planes, aka monthly expenses regardless of if they move, a headquarters that needs to stay in Quebec for 5 years, and staff of 1500 plus the cash needed to build a whole new maintenance facility. It's a big debt load to take on at this pivotal moment in time. Stop trying to argue that AC needs TRZ. Should leisure pop back quickly we have more than enough idled planes to handle the upswing of that scenario. I personally wish no ill on, or towards a single TRZ pilot, that being said I do hope that Peladeau becomes your saviour and no AC because I think competition rather than consolidation will be better for both working groups.

[altiplano]

No doubt there are a lot of politics here.

But I'm surprised Legault would make that comment, given his history with Transat he should probably recuse himself from decisions regarding Quebec government policy or support and the operator.

Then again, Quebec politicians and conflicts of interest are like tea and crumpets.

Hang on now! You don’t want the merge which ok fair enuff I get it but correct me if I’m wrong I now get the Impression you don’t want To see AT supported by the QC Government! You would prefer it Fails or?

Where did I say that? I said I'm surprised that Legault made that comment and hasn't recused himself from involvement in any decision the Quebec government might make on the issue, given his history as a founder of Transat.

Now go practise your reading comprehension.

[chaster]

No doubt there are a lot of politics here.

But I'm surprised Legault would make that comment, given his history with Transat he should probably recuse himself from decisions regarding Quebec government policy or support and the operator.

Then again, Quebec politicians and conflicts of interest are like tea and crumpets.

Hang on now! You don’t want the merge which ok fair enuff I get it but correct me if I’m wrong I now get the Impression you don’t want To see AT supported by the QC Government! You would prefer it Fails or?

Where did I say that? I said I'm surprised that Legault made that comment and hasn't recused himself from involvement in any decision the Quebec government might make on the issue, given his history as a founder of Transat.

Now go practise your reading comprehension.

Somethings Don’t need to be Said! Your an EASY read)

[altiplano]

Hang on now! You don’t want the merge which ok fair enuff I get it but correct me if I’m wrong I now get the Impression you don’t want To see AT supported by the QC Government! You would prefer it Fails or?

Where did I say that? I said I'm surprised that Legault made that comment and hasn't recused himself from involvement in any decision the Quebec government might make on the issue, given his history as a founder of Transat.

Now go practise your reading comprehension.

Somethings Don’t need to be Said! Your an EASY read)

Go duck yourself fucko. I didn't say that or mean that.

Now go practise your writing next.

[chaster]

Where did I say that? I said I'm surprised that Legault made that comment and hasn't recused himself from involvement in any decision the Quebec government might make on the issue, given his history as a founder of Transat.

Now go practise your reading comprehension.

Somethings Don’t need to be Said! Your an EASY read)

Go duck yourself fucko. I didn't say that or mean that.

Now go practise your writing next.

I get Your Concern!This May tip the scales the Direction Your hoping against! All the Best DN

[rudder]

AC is obviously trying to examine the balance sheet that it is accepting responsibility for at TRZ. It won’t be the one contemplated in the original purchase agreement. It won’t be the one contemplated by the revised purchase agreement either.

AC will want to see what Federal financial aid will be made available and on what terms. And obviously to consider how the ‘conditions’ of the CDN and EU approvals will affect revenues and competition in the post-COVID world.

AC can live without TRZ. The question is whether it wants to.