It's Time

[khedrei]

Ok.... I will bet you 1 million dollars that a statute mile is NOT longer than a nautical mile.

Since you're so smart, you be a fool not to take that bet.

[CaptDukeNukem]

Ok.... I will bet you 1 million dollars that a statute mile is NOT longer than a nautical mile.

Since you're so smart, you be a fool not to take that bet.

Lol, I’m with you khedrei. I want in on this. Nautical is longer.
Best bet I’ve heard in a decade.

[khedrei]

Don't think of it as a bet.... think of it more as an investment. After all, that is your forte....

So again.... 1 million dollars. It's chump change to you is sounds...

Whaddayasay?

[goingnowherefast]

My original point was that were I an FO at Porter, I’d be jumping at the first opportunity to switch to AC or WS mainline.

I personally know a young chap who left Porter and recently finished his first 2 weeks of AC ground school and is headed to WB flying.

I’ve heard the stories of what’s going on there, from lengthy entries in the Cabin Defect Logbook, light takeoff weights, FOAG nightmares and relentless cockpit conversations, regurgitated on these sites near verbatim of just how amazing Porter is.

Maybe Porter needs a union to address the retention issues and FOAG nightmares. ALPA Professional Standards can work on the "relentless cockpit conversations" to improve the working environment.

[cjp]

Blah Blah Blah, just a bunch of yapping because you were wrong and can't get over it. You need a new hobby, I suggest not one like harvesting loads from airline employee travel sites.

Ha!

My hobby is turning small investments in the airline sector into large fortunes for many, many folks over the years.

I’m pretty good at it too.

Salaries pay the bills. Salaries don’t create wealth.

Wealth is created by figuring out who’s built a better mousetrap way, way ahead of others. It’s called analysis. Familiarize yourself with the concept.

As for the nm vs statue mile debate, this has been the source of stat miles for at least 25 years. It has served countless investors very well indeed.

http://gc.kls2.com/cgi-bin/gc?PATH=YYC- ... MAP-STYLE=

Debating matters here is like trying to debate a die hard MAGA / Trump supporter.

Hard data is refuted with denials and completely unsubstantiated, counter claims made in anonymity, yet I’m expected to take it at face value. It’s quite amusing.

But agreed. The thread has strayed.

My original point was that were I an FO at Porter, I’d be jumping at the first opportunity to switch to AC or WS mainline.

I personally know a young chap who left Porter and recently finished his first 2 weeks of AC ground school and is headed to WB flying.

I’ve heard the stories of what’s going on there, from lengthy entries in the Cabin Defect Logbook, light takeoff weights, FOAG nightmares and relentless cockpit conversations, regurgitated on these sites near verbatim of just how amazing Porter is.

And then there’s the GTF issue. There are well over 500 A32x tails currently parked world wide and fewer than 20 E2’s, (but stay tuned on that file). Last I heard, and I stand to be corrected, there were 8 engines down at Porter.

Any guesses which Airframer is getting all Pratt’s attention these days?

Hint: it isn’t Embraer.

I'm guessing if or when Porter goes public, you are shorting the stock like nobody's business.

See what happens here, all we can do is take it a day at a time. Management isn't happy the GTF issue has affected a few of our engines, luckily we are able to compensate with acquisitions - not that that is an effective long term strategy as it leaves assets depreciating in the weeds and affects expansion plans.

Benchmark is tentatively releasing first or second week of December. We'll see if Porter is getting serious about competing with AC - I have a feeling it may be a 2 step benchmark to get a feel of the market, one for December, and one for late Q1 early Q2. Gut feeling due to other issues (i.e aircraft engine solutions, and acquisitions taking longer than anticipated) as Embraer has other customers to satisfy now too and a limited number of engines in the field.

[Mac08]

Blah Blah Blah, just a bunch of yapping because you were wrong and can't get over it. You need a new hobby, I suggest not one like harvesting loads from airline employee travel sites.

Ha!

My hobby is turning small investments in the airline sector into large fortunes for many, many folks over the years.

I’m pretty good at it too.

Salaries pay the bills. Salaries don’t create wealth.

Wealth is created by figuring out who’s built a better mousetrap way, way ahead of others. It’s called analysis. Familiarize yourself with the concept.

As for the nm vs statue mile debate, this has been the source of stat miles for at least 25 years. It has served countless investors very well indeed.

http://gc.kls2.com/cgi-bin/gc?PATH=YYC- ... MAP-STYLE=

Debating matters here is like trying to debate a die hard MAGA / Trump supporter.

Hard data is refuted with denials and completely unsubstantiated, counter claims made in anonymity, yet I’m expected to take it at face value. It’s quite amusing.

But agreed. The thread has strayed.

My original point was that were I an FO at Porter, I’d be jumping at the first opportunity to switch to AC or WS mainline.

I personally know a young chap who left Porter and recently finished his first 2 weeks of AC ground school and is headed to WB flying.

I’ve heard the stories of what’s going on there, from lengthy entries in the Cabin Defect Logbook, light takeoff weights, FOAG nightmares and relentless cockpit conversations, regurgitated on these sites near verbatim of just how amazing Porter is.

And then there’s the GTF issue. There are well over 500 A32x tails currently parked world wide and fewer than 20 E2’s, (but stay tuned on that file). Last I heard, and I stand to be corrected, there were 8 engines down at Porter.

Any guesses which Airframer is getting all Pratt’s attention these days?

Hint: it isn’t Embraer.

Yap Yap Yap. You're a failed Westjet executive who's on a pilots forum, one about Porter unionizing, trying to tell them to leave and go to AC or WJ... What a terrible hobby.

Maybe people would take you seriously about Porter if, you know, you didn't predict they were gonna fail 15+ years ago and here they are, still around.

[khedrei]

Blah Blah Blah, just a bunch of yapping because you were wrong and can't get over it. You need a new hobby, I suggest not one like harvesting loads from airline employee travel sites.

Ha!

My hobby is turning small investments in the airline sector into large fortunes for many, many folks over the years.

I’m pretty good at it too.

Salaries pay the bills. Salaries don’t create wealth.

Wealth is created by figuring out who’s built a better mousetrap way, way ahead of others. It’s called analysis. Familiarize yourself with the concept.

As for the nm vs statue mile debate, this has been the source of stat miles for at least 25 years. It has served countless investors very well indeed.

http://gc.kls2.com/cgi-bin/gc?PATH=YYC- ... MAP-STYLE=

Debating matters here is like trying to debate a die hard MAGA / Trump supporter.

Hard data is refuted with denials and completely unsubstantiated, counter claims made in anonymity, yet I’m expected to take it at face value. It’s quite amusing.

But agreed. The thread has strayed.

My original point was that were I an FO at Porter, I’d be jumping at the first opportunity to switch to AC or WS mainline.

I personally know a young chap who left Porter and recently finished his first 2 weeks of AC ground school and is headed to WB flying.

I’ve heard the stories of what’s going on there, from lengthy entries in the Cabin Defect Logbook, light takeoff weights, FOAG nightmares and relentless cockpit conversations, regurgitated on these sites near verbatim of just how amazing Porter is.

And then there’s the GTF issue. There are well over 500 A32x tails currently parked world wide and fewer than 20 E2’s, (but stay tuned on that file). Last I heard, and I stand to be corrected, there were 8 engines down at Porter.

Any guesses which Airframer is getting all Pratt’s attention these days?

Hint: it isn’t Embraer.

Yap Yap Yap. You're a failed Westjet executive who's on a pilots forum, one about Porter unionizing, trying to tell them to leave and go to AC or WJ... What a terrible hobby.

Maybe people would take you seriously about Porter if, you know, you didn't predict they were gonna fail 15+ years ago and here they are, still around.

Or if he knew how long a statute mile was.

[cdnavater]

Ha!

My hobby is turning small investments in the airline sector into large fortunes for many, many folks over the years.

I’m pretty good at it too.

Salaries pay the bills. Salaries don’t create wealth.

Wealth is created by figuring out who’s built a better mousetrap way, way ahead of others. It’s called analysis. Familiarize yourself with the concept.

As for the nm vs statue mile debate, this has been the source of stat miles for at least 25 years. It has served countless investors very well indeed.

http://gc.kls2.com/cgi-bin/gc?PATH=YYC- ... MAP-STYLE=

Debating matters here is like trying to debate a die hard MAGA / Trump supporter.

Hard data is refuted with denials and completely unsubstantiated, counter claims made in anonymity, yet I’m expected to take it at face value. It’s quite amusing.

But agreed. The thread has strayed.

My original point was that were I an FO at Porter, I’d be jumping at the first opportunity to switch to AC or WS mainline.

I personally know a young chap who left Porter and recently finished his first 2 weeks of AC ground school and is headed to WB flying.

I’ve heard the stories of what’s going on there, from lengthy entries in the Cabin Defect Logbook, light takeoff weights, FOAG nightmares and relentless cockpit conversations, regurgitated on these sites near verbatim of just how amazing Porter is.

And then there’s the GTF issue. There are well over 500 A32x tails currently parked world wide and fewer than 20 E2’s, (but stay tuned on that file). Last I heard, and I stand to be corrected, there were 8 engines down at Porter.

Any guesses which Airframer is getting all Pratt’s attention these days?

Hint: it isn’t Embraer.

Yap Yap Yap. You're a failed Westjet executive who's on a pilots forum, one about Porter unionizing, trying to tell them to leave and go to AC or WJ... What a terrible hobby.

Maybe people would take you seriously about Porter if, you know, you didn't predict they were gonna fail 15+ years ago and here they are, still around.

Or if he knew how long a statute mile was.

Jesus, a honest mistake to be sure and he is really good at ignoring trolls like yourself, dog with a bone is what you are!
I certainly wouldn’t discount his industry knowledge because a couple mistakes, that happens when you’ve been at it for a while, I’m certain he’s been analyzing Porter operations to be ready to hit the ground running if and when they do attempt another IPO.
Like he said earlier, he could direct money to or away depending on what is made public, they haven’t made another attempt to go public since the failed attempt years ago, I wonder why!

[khedrei]

Yap Yap Yap. You're a failed Westjet executive who's on a pilots forum, one about Porter unionizing, trying to tell them to leave and go to AC or WJ... What a terrible hobby.

Maybe people would take you seriously about Porter if, you know, you didn't predict they were gonna fail 15+ years ago and here they are, still around.

Or if he knew how long a statute mile was.

Jesus, a honest mistake to be sure and he is really good at ignoring trolls like yourself, dog with a bone is what you are!
I certainly wouldn’t discount his industry knowledge because a couple mistakes, that happens when you’ve been at it for a while, I’m certain he’s been analyzing Porter operations to be ready to hit the ground running if and when they do attempt another IPO.
Like he said earlier, he could direct money to or away depending on what is made public, they haven’t made another attempt to go public since the failed attempt years ago, I wonder why!

Hey!!! You promised....

[cjp]

Yap Yap Yap. You're a failed Westjet executive who's on a pilots forum, one about Porter unionizing, trying to tell them to leave and go to AC or WJ... What a terrible hobby.

Maybe people would take you seriously about Porter if, you know, you didn't predict they were gonna fail 15+ years ago and here they are, still around.

Or if he knew how long a statute mile was.

Jesus, a honest mistake to be sure and he is really good at ignoring trolls like yourself, dog with a bone is what you are!
I certainly wouldn’t discount his industry knowledge because a couple mistakes, that happens when you’ve been at it for a while, I’m certain he’s been analyzing Porter operations to be ready to hit the ground running if and when they do attempt another IPO.
Like he said earlier, he could direct money to or away depending on what is made public, they haven’t made another attempt to go public since the failed attempt years ago, I wonder why!

More control over direction and priorities. Once you have shares in the open, priorities switch. Then every decision revolves around maximizing shareholder value in the short to medium term. The organization becomes a much slower beast to steer.

[CaptDukeNukem]

Or if he knew how long a statute mile was.

Jesus, a honest mistake to be sure and he is really good at ignoring trolls like yourself, dog with a bone is what you are!
I certainly wouldn’t discount his industry knowledge because a couple mistakes, that happens when you’ve been at it for a while, I’m certain he’s been analyzing Porter operations to be ready to hit the ground running if and when they do attempt another IPO.
Like he said earlier, he could direct money to or away depending on what is made public, they haven’t made another attempt to go public since the failed attempt years ago, I wonder why!

More control over direction and priorities. Once you have shares in the open, priorities switch. Then every decision revolves around maximizing shareholder value in the short to medium term. The organization becomes a much slower beast to steer.

Yea but I don’t think it’s that different than having big investors. You still gotta steer it to a point that makes money. IPO is for sure coming. I would gamble there was a 5-6 year plan/window. But what do I know, I make my living collecting my pay check, pay off my mortgage in little chunks and hope that the 401 ain’t bad today

[cjp]

Jesus, a honest mistake to be sure and he is really good at ignoring trolls like yourself, dog with a bone is what you are!
I certainly wouldn’t discount his industry knowledge because a couple mistakes, that happens when you’ve been at it for a while, I’m certain he’s been analyzing Porter operations to be ready to hit the ground running if and when they do attempt another IPO.
Like he said earlier, he could direct money to or away depending on what is made public, they haven’t made another attempt to go public since the failed attempt years ago, I wonder why!

More control over direction and priorities. Once you have shares in the open, priorities switch. Then every decision revolves around maximizing shareholder value in the short to medium term. The organization becomes a much slower beast to steer.

Yea but I don’t think it’s that different than having big investors. You still gotta steer it to a point that makes money. IPO is for sure coming. I would gamble there was a 5-6 year plan/window. But what do I know, I make my living collecting my pay check, pay off my mortgage in little chunks and hope that the 401 ain’t bad today

Agreed, but external investors change the landscape in profitable timeline. Internal priorities are similar to external but perhaps don't live quarter to quarter. I'm sure the Deluce family is eagerly watching their investment, but understand better than an external investor the bigger picture.

That said I'm like you, day to day, paycheque to paycheque enjoying the ride. 401 is such a P.I.T.A.

[Ozinater]

[PorterBillofSale.jpeg

Here’s a nice starting point for you.

What do you figure the monthly lease nut would be over a standard lease term, excluding reserves, at a 1% LRF, for an airframe with this declared valuation, with a couple million per airframe added on for working capital?

Wow, you actually got one. Impressive. Unfortunately, you’re missing a few pretty critical pieces of the puzzle to substantiate the numbers you’re using.

What does the lease run monthly? Funny you should ask. That is the sort of information that my lawyer friend was not permitted to share with me. Seems like you don’t know either.

I’ll indulge you and pull a figure out of my arse, given that you already pulled one out of yours: $250k USD/month.

Speaking of leases, the sticking point you claim in the earlier example is that the unit costs of operating the E2 are a whopping 30% higher than an outfit like Flair, operating the 737 Max 8. Sure, the Max has some 43% more seats than the E2 (189 vs 132). So are the operating costs of the E2 that much higher than the Max? Are they higher to begin with? The going lease rate for the 737 Max 8 Flair operates is $400k USD and climbing (https://www.iba.aero/resources/articles ... mber-2024/), although it’s unknown what Flair is actually paying. The repossession of several Flair aircraft (seven I think) due to their failure to pay the leases is an indication that the days of leasing these airplanes for "cheap" are over. For the time being, I highly doubt anyone is leasing an E2 for anywhere close to this monthly rate, especially in North America (where Porter is the sole E2 operator).

Some other notes:
-The 737 has a 33% higher MTOW, and consequently higher landing fees
-The 737 has 44% higher maintenance costs in the case of a 1500NM trip, referring to the table you included
-The 737 consumes 27% more fuel in the case of a 1500NM trip, referring to the table you included
-The 737 has higher crew costs: 1 additional FA, presumably more expensive pilots (owing to the higher MTOW- this is not a direct comparison between Flair and Porter E2 pilot rates. From what I remember Flair FOs start higher than Porter E2 FOs)

It appears you either grossly overestimated the operating costs of the E2 in this example, or underestimated the operating costs of the 737 Max 8, or some combination of the two. The only variable working in Flair’s favour is their Y189 city bus cabin configuration. All things being equal, the 189 seat aircraft would have lower CASM than the 132 seat aircraft.

But then again, as you pointed out already (and I agree with), unit revenue for Porter’s E2 is likely higher than Flair by a significant margin. Even with Flair’s “stellar” 86-87% load factor, and let’s say for the sake of argument lower CASM, if their yields are consistently poor they are still at a disadvantage. Who is actually making money in this example? I'm going to go out on a limb and say it isn't Flair.

I will pass on the “serious quantitative analysis”, calculating YVR landing fees, catering costs, crew costs, and so on. That is a futile exercise. You’re putting on a great sideshow though. Maybe if you fill this thread with a few more pages of fluff to facilitate this “intelligent discussion” you speak of (thrown in some excerpts from the CTA, competition bureau reports, maybe an old WestJet quarterly report from the pre-Onex days), the rest of us will eventually forget that you claimed, rather arrogantly, to be able to accurately model the cost structure of a company that does not share any financial data.

I'm not faulting your process of analysis or your methods, I'm sure you know what you're doing and are running the numbers correctly. As you said it's a straightforward task in excel. I'm saying there are several very important dollar figures you're using to compute these direct operating costs that are purely based on speculation. Aside from aircraft utilization data, fuel/maintenance costs, landing fees, and a leaked bill of sale from EMB (not exactly helpful but hey- looks like they got a good price), there is nothing that can be verified here. Obviously, this is because none of that information is available to the public. If you had done the same with numbers you pull from the AC or Transat quarterly report, and cited them as such, no questions asked. You can do all the math correctly, if the parameters you're using are "guestimates", and not real data, it is still conjecture. I’m sorry if I’m the first one to tell you this. Garbage in, garbage out. I wonder what the estimation error is for the variables that contribute to the E2 operating cost. I wonder what becomes of that error after it propagates through all of your calculations. Maybe you should go back into Excel, come up with some reasonable uncertainties for the variables you’re using, and use that to compute the relative standard deviation for the conclusions you’ve drawn in your first post.

Speculation is fine so long as you present it as such, but you expect people to take your word as fact. You're now spouting off about how pilots should leave PD and apply to WS and AC because you're so confident "this won't last". That's just foolish. If you think people should be making major career decisions based on unfounded claims someone makes on the internet, I have a Nigerian cryptocurrency account with your name on it.

4 startups since 1994, about one every 7 years. Their current collective operating fleets stand at 635 tails, ranging from Q400's, through both Boeing and Airbus narrow bodies to 787's. Not a bad legacy....and it's certainly resulted in a nice, warm desert lifestyle and quality of life for the family with fabulous flight benefits. Not bad for someone who was "fired” eh?

If you've got some contrary verifiable evidence to suggest Porter is, or will be printing money anytime soon, I'll be the first to jump on the band wagon and put low 7 figures where my mouth is.

The problem is, there's never been any such evidence. Lots of talk and name calling, but never any evidence.

The big money is made by buying in with private equity and waiting patiently for the 10-15x (min) post IPO bagger. In WS's case, for the 1994 founders who's shares were originally purchased at 25 cents was a 418x bagger after 26 years, with a $31 share price after three 3-2 splits. Investors tend to pay attention to folks with that sort of track record.

So you're absolutely correct. With that sort of upside, there's absolutely no reason to need to be "hired" by anyone and have to deal with the daily annoyance of "going to work" for someone, somewhere. That ship sailed long ago. But it's sure fun to parlay the experience and knowledge to be invited to become involved at a founding level with start-ups where lighting can, has, and likely will again strike twice.

You realize the problem with this argument, right? You assume you have the company’s cost structure figured out, that it is unsustainable, and ask others to provide evidence to the contrary. The evidence never surfaces because it is not publicly available (I mean real evidence- spare me the “what do you figure?” drivel). So you continue on with this fallacy without any evidence of your own.

Is the company profitable? Nobody on the outside (and even most employees on the inside) knows the answer to that, including you and I. Time to get comfortable with that reality. Porter is now old enough to vote, has expanded to 70 airframes, and is developing an airport in a major Canadian population center (YHU). Maybe they are doing something right. Or maybe they'll be gone by tomorrow morning. Your guess is as good as mine. You can accept the unknowns as they are, or continue to speculate while posturing as if you have the complete picture. It appears the latter is far more compatible with this tired out “reality check” gimmick that you’ve been ramming down people’s throats for quite some time. If/when an IPO happens, go nuts.

Glad to hear you’re enjoying retirement and/or consulting. Also glad that this thread that was originally about whether or not Porter pilots should unionize, has somehow derailed into you touting your professional resume, track record as an investor, and ability to be your own boss. Bully for you. It appears you are in dire need of a new hobby, or to found another startup. Might I suggest lawn bowling?

[runway29]

Alright guys, enough of the speculation on whether Porter is going under tomorrow or going to last a lifetime.

I'm a recent hire from a regional covered by ALPA, what's the general consensus of a Union drive? I for one would like to see the FOAG cleaned up and have some protection in case we merge (looking at you WJ ). In this industry, stranger things have happened

[cjp]

Alright guys, enough of the speculation on whether Porter is going under tomorrow or going to last a lifetime.

I'm a recent hire from a regional covered by ALPA, what's the general consensus of a Union drive? I for one would like to see the FOAG cleaned up and have some protection in case we merge (looking at you WJ ). In this industry, stranger things have happened

I don't see them merging into WJ. Transat seems to be the popular bet due our current relationship. That said, Westjet has provided us tremendous growth opportunity. We should be thankful to Westjet for the vacuum they created pulling back to Calgary and opening up routes and capacity. It made the growth possible. Had they stayed and remained a force in eastern Canada, likely Porter would've been in a lot more trouble or limited their growth prospects.

I don't see any partnership happening though between WS and PD.

As far as union, it sounds 50/50 ish the more people you talk to. If they don't know you, FOAG is sufficient, if they know you, ALPA seems like an interesting option. I feel bad with how hard the FOAG reps are working, those guys have been going non-stop these last few weeks.

If they are on this board, thank you for all the hard work you put in.

[CaptDukeNukem]

Alright guys, enough of the speculation on whether Porter is going under tomorrow or going to last a lifetime.

I'm a recent hire from a regional covered by ALPA, what's the general consensus of a Union drive? I for one would like to see the FOAG cleaned up and have some protection in case we merge (looking at you WJ ). In this industry, stranger things have happened

I don't see them merging into WJ. Transat seems to be the popular bet due our current relationship. That said, Westjet has provided us tremendous growth opportunity. We should be thankful to every Westjet employee for the vacuum they created pulling back to Calgary and opening up routes and capacity. It made the growth possible. Had they stayed and remained a force in eastern Canada, likely Porter would've been in a lot more trouble or limited their growth prospects.

I don't see any partnership happening though between WS and PD.

As far as union, it sounds 50/50 ish the more people you talk to. If they don't know you, FOAG is sufficient, if they know you, ALPA seems like an interesting option. I feel bad with how hard the FOAG reps are working, those guys have been going non-stop these last few weeks.

If they are on this board, thank you for all the hard work you put in.

I think the above poster was talking about his regional airplane merging with WestJet. I’m gonna venture a guess that he works at encore

[runway29]

Sorry, wasn't clear enough! New hire at Porter coming from an ALPA-covered Regional - and talking about seniority protection in the event of a merger, keeping the kerfuffle over at WJ/SWG and Encore in mind

[Speedbrakes]

Holy shit Ozinater. You killed him.

That was beautiful to read.

[cjp]

Sorry, wasn't clear enough! New hire at Porter coming from an ALPA-covered Regional - and talking about seniority protection in the event of a merger, keeping the kerfuffle over at WJ/SWG and Encore in mind

Welcome to the E2! Simple thought, Porter is not merging with Westjet. Never even come up over beers and that's usually where the true-mors come from. Transat isn't being discussed except as a close financial partner.

Why does Porter seem like such a merger candidate? Is it the union convincing talk that's got people thinking merger out of fear?

[Speedbrakes]

Is it the union convincing talk that's got people thinking merger out of fear?

I think it's the other way around. Rumours of a merger are making people think union.

[cjp]

Is it the union convincing talk that's got people thinking merger out of fear?

I think it's the other way around. Rumours of a merger are making people think union.

But who is realistically merging with us? As far as I can tell there's no realistic candidates in the field. People pro union said we should in case we merge for seniority protection.

Why do we always seem to be merger material?

[CaptDukeNukem]

I heard connect airlines is buying us. Then we can waltz with Matilda

I hope this gets traction. Can’t wait to hear someone pump this story in a flight deck

[Timetoflyagain]

….there’s this little thing called the Canada Labour Code and Canadian Industrial Relations Board that deals with all of this…and of course ALPA doesn’t want you to know about it because then they’d have to tell you that the CIRB is the actual one in charge of deciding who gets what, why, when and how much…not the ALPA merger policy. Proof? See Sunwing/Westjet…it’s happening now. The merger committees can certainly advocate a position but the decision rests with the CIRB…and there’s loads of precedent they will draw from.
I do completely agree there’s no one with either the $ or desire to merge with Porter…that would also then have to get the sign off from the competition bureau. (They’re even looking now at not enough competition…so ya really think if anyone bigger than North Cariboo or Pascan takes a run at Porter it’s gonna get approved?). AirCanada would probably like to try just to be rid of the current headache/future migraine….see AirTransat and that failed merger attempt. …also…Porter has an established seniorty list, established work rules etc..all things said CIRB will look at in any merger… airline or dog biscuit factory….it doesn’t need to be under a union’s umbrella. A CBA is what ALPA pilots work under. The FOAG is what Porter pilots work under. In the eyes of the CIRB…easily similar enough.

[dontcallmeshirley]

The Deluces are smart enough to not entangle Porter's good financial standing with Transat's black hole.

https://www.transat.com/getmedia/1466db ... x?ext=.pdf

[braaap Braap]

The Deluces are smart enough to not entangle Porter's good financial standing with Transat's black hole.

https://www.transat.com/getmedia/1466db ... x?ext=.pdf

Porter's good financial standing?! None of us have any idea where the financial standing is. This expansion could all be a massive capital dumpster fire until the money tap is turned off. And they may not fully entangle through a merger but the current joint venture is definitely putting Porter in Transat's gravitational pull.