Air Canada Revises the Terms of its Capacity Purchase Agreement with Chorus Aviation for Regional Flying

[a220hereicome]

The fact that it would reopen a DB plan is inconsequential

Right, okay then.

[altiplano]

So...taking the feds to court, and reversing a decision that would reopen a closed DB pension plan.

Slam dunk?

I’ve got some beachfront property for you.

It's clear. Collective bargaining rights were violated, the law would be struck down and the arbitrator's decision set aside. The fact that it would reopen a DB plan is inconsequential, particularly now as it's a plan that's brutally overfunded and actually cheaper for the corporation than the DC plan.

Look at the other successful decisions. Collective bargaining rights are protected in this country and you can't erase them to save spring break. On top of that the law unfairly biased the corporation and the FOS process specified is without comparator ever in regards to back to work legislation in this country.

Besides, it was the corporation doing the locking out, and if indeed Air Canada Pilots provide an essential service then the government should legislate it and put interest arbitration in place similar to other essential service providers in this country.

This debate really belongs under the Air Canada topic.......

I didn't bring it up...

[FL101]

The fact that it would reopen a DB plan is inconsequential

Right, okay then.

The best pension plan is no pension plan at all. I’d MUCH rather have larger paycheques from work, and MAX out my RRSP/TFSA on my own, and pay down my mortgage quicker.

Pension plans have been disappearing across the private sector for a reason. They rip off the company and employees for the profit of the pension plan provider.

Abolish the pension and learn how to invest on your own.

[FL030]

We all know you'd throw it all in Bitcoin.

[JetSetter87]

The fact that it would reopen a DB plan is inconsequential

Right, okay then.

The best pension plan is no pension plan at all. I’d MUCH rather have larger paycheques from work, and MAX out my RRSP/TFSA on my own, and pay down my mortgage quicker.

Pension plans have been disappearing across the private sector for a reason. They rip off the company and employees for the profit of the pension plan provider.

Abolish the pension and learn how to invest on your own.

I love it!! Guiding principle of my life here. Make your own destiny.

[TheStig]

The best pension plan is no pension plan at all. I’d MUCH rather have larger paycheques from work, and MAX out my RRSP/TFSA on my own, and pay down my mortgage quicker.

Pension plans have been disappearing across the private sector for a reason. They rip off the company and employees for the profit of the pension plan provider.

Abolish the pension and learn how to invest on your own.

I love it!! Guiding principle of my life here. Make your own destiny.

Never take financial advice from a pilot: Exhibit A

Pension plans offer avenues around the annual limits on RRSP contributions.

[JetSetter87]

The best pension plan is no pension plan at all. I’d MUCH rather have larger paycheques from work, and MAX out my RRSP/TFSA on my own, and pay down my mortgage quicker.

Pension plans have been disappearing across the private sector for a reason. They rip off the company and employees for the profit of the pension plan provider.

Abolish the pension and learn how to invest on your own.

I love it!! Guiding principle of my life here. Make your own destiny.

Never take financial advice from a pilot: Exhibit A

Pension plans offer avenues around the annual limits on RRSP contributions.

Your an idiot. I own 6 buildings. I need only sell 3 for my retirement with positive cash flow from my other 3. I started with one condo 5% down. What pension. Nobody will take care of you but yourself.

[ayseven]

While I am in somewhat of the same boat, being self funded, I am very supportive of people who want to have a pension. Not everyone is cut out for the world of "business". Those pension holders pay a lot of airline salaries.

[Rockie]

Your an idiot.

Gotta admit this is funny.

[altiplano]

I love it!! Guiding principle of my life here. Make your own destiny.

Never take financial advice from a pilot: Exhibit A

Pension plans offer avenues around the annual limits on RRSP contributions.

Your an idiot. I own 6 buildings. I need only sell 3 for my retirement with positive cash flow from my other 3. I started with one condo 5% down. What pension. Nobody will take care of you but yourself.

IMG_20210310_204503.jpg (99.23 KiB) Viewed 3023 times

[TheStig]

I love it!! Guiding principle of my life here. Make your own destiny.

Never take financial advice from a pilot: Exhibit A

Pension plans offer avenues around the annual limits on RRSP contributions.

Your an idiot. I own 6 buildings. I need only sell 3 for my retirement with positive cash flow from my other 3. I started with one condo 5% down. What pension. Nobody will take care of you but yourself.

Good for you, and I mean that sincerely. I own rental property as well and I'm sure I could learn a lot from someone like yourself because I'm not entirely thrilled with my experience. It works well at generating a tax return and has certainly gained value with the market but I lost interest in growing a larger real estate portfolio out of concerns of a real estate bubble and not wanting to have so many eggs in one basket, you're comfortable with your position, I wouldn't be. Also, gains in value are deemed to be taxable income on rental properties when you sell correct?

My 'Exhibit A' comment was reference to the comment above yours. Some Pilots are good at investing/saving/managing their finances but most aren't (not unlike most Canadians today). Pension plans are an excellent safety net and as I mentioned have the benefit of 'workaround' in the tax code that allow for greater tax savings than the current annual RRSP limit.

I don't disagree with you mantra, I have no interest in leaving my well being up to government aid or anyone else's assistance. A statement like "the best pension is no pension at all" is simplistic, ignorant and was ruinous for millions in the Great Depression.

[timeflies]

The mods might as well close this topic as it gone extremely out of context.

[Inverted2]

It went from Skyregional to pass travel priority to slumlording to grammar.

[ToolShed]

It went from Skyregional to pass travel priority to slumlording to grammar.

No different than the other forum.

[straight2thepoint]

In an attempt to bring the topic back around, us Sky pilots aren't guaranteed to go over to Jazz at this point. It's only "possible transition to Jazz" as worded by the MEC in the latest email.

[scrat1]

In an attempt to bring the topic back around, us Sky pilots aren't guaranteed to go over to Jazz at this point. It's only "possible transition to Jazz" as worded by the MEC in the latest email.

I drove by the YYZ airport this morning, and I actually took a pic, (don't know how to upload here) there were around 5 SR E175 parked at Jazz Hangar already. There is absolutely no doubt IF the SR pilots will be coming to Jazz, they will all be coming and I believe that DOH will be respected as it was with GGN.

Does Jazz need those E175 to be flying immediately? NO, not really. Jazz have plenty of RJ's 900 brand new parked, those RJ's are way more efficient than those Embraer, they can fly to the same destinations of the E175 with way less cost. I am sure Jazz is smart enough, Jazz is not desperate and they have been in this Busisness long enough, they know how to run the show, if they want, they can park all those E175 and just put online the RJ's and they will be fine for the time being until they can get everything settle down.

SKY REGIONAL PILOTS: Jazz is a well organized company, Sky Regional pilots will love working at Jazz, and they will be secure with their jobs, SR pilots will be respected by all Jazz employees and they will be working in a place with a great atmosphere as it is at Jazz. People will say that there is no guarantee for Jazz after 2035, I can guarantee that the next AC move will be to take Jazz back as it was, after all they already own some of Chorus.

I was told that out of the 25 Embraer, 15 are in not so good shape and 10 of them are in very good condition. The E175 are excellent for the passengers, but not so good for the company perspective financially.

Last but not least, Guys PLEASE lets focus on this topic, "Air Canada REVISES THE TERMS OF ITS CAPACITY PURCHASE AGREEMENT WITH CHORUS AVIATION FOR REGIONAL FLYING"

We have a lot of pilots from SR and Jazz that are coming in here to find out information while they are waiting for their union REP, let's keep this topic alive and not deviate as we would not be helping those pilots. If you want to deviate from this topic that's fine, but you must know that you are not helping those that come here to find out more about their jobs. THANK YOU

[rudder]

I drove by the YYZ airport this morning, and I actually took a pic, (don't know how to upload here) there were around 5 SR E175 parked at Jazz Hangar already.

FYI - the SR hangar in YYZ is the old Jazz hangar.

AC owns the hangars that are used by SR and Jazz.

[47north]

In an attempt to bring the topic back around, us Sky pilots aren't guaranteed to go over to Jazz at this point. It's only "possible transition to Jazz" as worded by the MEC in the latest email.

I drove by the YYZ airport this morning, and I actually took a pic, (don't know how to upload here) there were around 5 SR E175 parked at Jazz Hangar already. There is absolutely no doubt IF the SR pilots will be coming to Jazz, they will all be coming and I believe that DOH will be respected as it was with GGN.

I was at the hangar yesterday and I believe the 175s are parked outside the Sky hangar, which used to be the Jazz hangar. The Jazz hangar is now across the ramp.

It's not a done deal yet, but I would agree that in all likelihood the Sky pilots will be coming over.

[BTD]

SKY REGIONAL PILOTS: Jazz is a well organized company, how many Jazz pilot went to mainline and went back to jazz because they realized that Jazz is a great place to be, Sky Regional pilots will love working at Jazz, and they will be secure with their jobs, SR pilots will be respected by all Jazz employees and they will be working in a place with a great atmosphere as it is at Jazz. People will say that there is no guarantee for Jazz after 2035, I can guarantee that the next AC move will be to take Jazz back as it was, after all they already own some of Chorus.

I am genuinely curious how many? I have been at AC for 10 years and haven’t heard of anyone doing that. Granted that doesn’t mean it didn’t happen. Wouldn’t they end up back at the bottom of the seniority list?

No doubt Jazz is a decent place to be...

[Sharklasers]

[quote=scrat1 post_id=<a href="tel:1147036">1147036</a> time=<a href="tel:1615503303">1615503303</a> user_id=52804]

SKY REGIONAL PILOTS: Jazz is a well organized company, how many Jazz pilot went to mainline and went back to jazz because they realized that Jazz is a great place to be, Sky Regional pilots will love working at Jazz, and they will be secure with their jobs, SR pilots will be respected by all Jazz employees and they will be working in a place with a great atmosphere as it is at Jazz. People will say that there is no guarantee for Jazz after 2035, I can guarantee that the next AC move will be to take Jazz back as it was, after all they already own some of Chorus.

I am genuinely curious how many? I have been at AC for 10 years and haven’t heard of anyone doing that. Granted that doesn’t mean it didn’t happen. Wouldn’t they end up back at the bottom of the seniority list?

No doubt Jazz is a decent place to be...
[/quote]

Off the top of my head I know of 4 that went backwards on the flow. 3 of which for sure failed the training or failed at the first annual sim session as per the terms of PML 1.0.
At least 2 went back to RJ captain.

[timeflies]

In an attempt to bring the topic back around, us Sky pilots aren't guaranteed to go over to Jazz at this point. It's only "possible transition to Jazz" as worded by the MEC in the latest email.

Does Jazz need those E175 to be flying immediately? NO, not really. Jazz have plenty of RJ's 900 brand new parked, those RJ's are way more efficient than those Embraer, they can fly to the same destinations of the E175 with way less cost. I am sure Jazz is smart enough, Jazz is not desperate and they have been in this Busisness long enough, they know how to run the show, if they want, they can park all those E175 and just put online the RJ's and they will be fine for the time being until they can get everything settle down.

I'm afraid that it is a comfort/good looking issue. As efficient as the RJ900 can be, the E175 looks more like an '' airliner'' than the rj900 and is popular amongst passengers. jet under the wings.

Air Canada know it and this is why they want to operate it back ASAP.

[BTD]

[quote=scrat1 post_id=<a href="tel:1147036">1147036</a> time=<a href="tel:1615503303">1615503303</a> user_id=52804]

SKY REGIONAL PILOTS: Jazz is a well organized company, how many Jazz pilot went to mainline and went back to jazz because they realized that Jazz is a great place to be, Sky Regional pilots will love working at Jazz, and they will be secure with their jobs, SR pilots will be respected by all Jazz employees and they will be working in a place with a great atmosphere as it is at Jazz. People will say that there is no guarantee for Jazz after 2035, I can guarantee that the next AC move will be to take Jazz back as it was, after all they already own some of Chorus.

I am genuinely curious how many? I have been at AC for 10 years and haven’t heard of anyone doing that. Granted that doesn’t mean it didn’t happen. Wouldn’t they end up back at the bottom of the seniority list?

No doubt Jazz is a decent place to be...

Off the top of my head I know of 4 that went backwards on the flow. 3 of which for sure failed the training or failed at the first annual sim session as per the terms of PML 1.0.
At least 2 went back to RJ captain.
[/quote]

Okay, so according to that, 1 went back on their own accord out of the some hundreds perhaps thousand that came over on the PML. Interesting.

[Sharklasers]

Okay, so according to that, 1 went back on their own accord out of the some hundreds perhaps thousand that came over on the PML. Interesting.

The 1 that went back of his own volition that I know of realized he was too old and close to retirement to want to learn new tricks at a company where he wouldn’t be top 5% system seniority.

[haironfire]

Considering the very last CRJ 900 came off the production line in Mirabel on 1 Mar 2021, would anyone consider that it might be prudent for Air Canada to stay focused on the Embraer for Regional Fleet Renewal in the future? I mean what other options are there?

Just one of my thoughts.

[KenoraPilot]

Considering the very last CRJ 900 came off the production line in Mirabel on 1 Mar 2021, would anyone consider that it might be prudent for Air Canada to stay focused on the Embraer for Regional Fleet Renewal in the future? I mean what other options are there?

Just one of my thoughts.

BINGO!! Nailed it