Everyone doesn't get offered the job of their choice, that's just a fact.charlo wrote: ↑Wed Apr 14, 2021 4:55 amRegardless, my point still stands, you don't get to choose your employer most of the time regardless of your experience. I wanted AC for stability but couldn't and no I won't keep applying, this thing is a pipe dream.Last posting 10 years ago about how to find a job on the dock... now you're flying a 705 jet!
Good for you... keep applying...
I'm really talking about experienced guys that choose to spend 20 years in the M.E... not you...
"Three possible Transat suitors say they are not interested in acquiring struggling airline"
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Re: "Three possible Transat suitors say they are not interested in acquiring struggling airline"
Re: "Three possible Transat suitors say they are not interested in acquiring struggling airline"
Don't give up.charlo wrote: ↑Wed Apr 14, 2021 4:55 amLast posting 10 years ago about how to find a job on the dock... now you're flying a 705 jet!
Good for you... keep applying...
I'm really talking about experienced guys that choose to spend 20 years in the M.E... not you...
Regardless, my point still stands, you don't get to choose your employer most of the time regardless of your experience. I wanted AC for stability but couldn't and no I won't keep applying, this thing is a pipe dream.
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Re: "Three possible Transat suitors say they are not interested in acquiring struggling airline"
I saw a merger when I worked in aviation years ago, before I started flying - in another century. The problem was that the process was not fair at all. Some got seniority back, others went to the bottom. They had all worked at the original place, then chose to leave for a greener pasture that didn't work out. Tough tits. The rest of us stayed and hacked it out.
So the moral of the story is that if you are going to integrate people, do it the same for all jobs, and all employees. But this industry is not like any other. I do not know if it has to be, or it just worked out that way. I don't know of any other where it is so hard to get to the top. Most of the time, you just hang in, and things work out; but this field has a lot of examples where this didn't happen, unfortunately, whether because you die on the job, or timing is rotten.
So the moral of the story is that if you are going to integrate people, do it the same for all jobs, and all employees. But this industry is not like any other. I do not know if it has to be, or it just worked out that way. I don't know of any other where it is so hard to get to the top. Most of the time, you just hang in, and things work out; but this field has a lot of examples where this didn't happen, unfortunately, whether because you die on the job, or timing is rotten.
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Re: "Three possible Transat suitors say they are not interested in acquiring struggling airline"
Any update here?
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Re: "Three possible Transat suitors say they are not interested in acquiring struggling airline"
Interesting how there has been zero media covering AT in two weeks. This is still the most recent article and it's two weeks ago, if you go on Google and search "Air Transat".
Re: "Three possible Transat suitors say they are not interested in acquiring struggling airline"
I expect some news will come down this week.
April 29th I believe was the date for TRZ to pay back one of its loans
April 29th I believe was the date for TRZ to pay back one of its loans
Re: "Three possible Transat suitors say they are not interested in acquiring struggling airline"
It's held support around $4.50 for 3 weeks without any announcement or information on the state of the PKP deal, LEEFF package, or a PQ bailout. I think a lot of retail investors are in the red and believing a $5 PKP deal will come.
I'd be interested to see what the large shareholders have done, Letko, etc. Are they maintaining or divesting their holdings these past weeks.
Either way, news has to come soon.
I'd be interested to see what the large shareholders have done, Letko, etc. Are they maintaining or divesting their holdings these past weeks.
Either way, news has to come soon.
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Re: "Three possible Transat suitors say they are not interested in acquiring struggling airline"
Lekto isn't in support of the PKP deal at $5. I would be surprised if they moved a large portion below the $5 mark and it not be disclosed also.altiplano wrote: ↑Mon Apr 26, 2021 10:31 am It's held support around $4.50 for 3 weeks without any announcement or information on the state of the PKP deal, LEEFF package, or a PQ bailout. I think a lot of retail investors are in the red and believing a $5 PKP deal will come.
I'd be interested to see what the large shareholders have done, Letko, etc. Are they maintaining or divesting their holdings these past weeks.
Either way, news has to come soon.
Re: "Three possible Transat suitors say they are not interested in acquiring struggling airline"
Most of the answers that people are looking for will come out on Thursday at the TRZ Annual Shareholders Meeting or prior to.
https://www.transat.com/en-CA/corporate ... ses/124368
https://www.transat.com/en-CA/corporate ... ses/124368
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Re: "Three possible Transat suitors say they are not interested in acquiring struggling airline"
Re: "Three possible Transat suitors say they are not interested in acquiring struggling airline"
CEO has stepped down.
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Re: "Three possible Transat suitors say they are not interested in acquiring struggling airline"
News cycles.simply_no_one wrote: ↑Sat Apr 24, 2021 10:18 pm Interesting how there has been zero media covering AT in two weeks. This is still the most recent article and it's two weeks ago, if you go on Google and search "Air Transat".
Notice how last week it was all about Hamas shooting 2400 rockets at civilian population centers and the IDF striking back.
This week its all about Belarus' "hijacking"
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Re: "Three possible Transat suitors say they are not interested in acquiring struggling airline"
Is Air Transat a meme stock?
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Re: "Three possible Transat suitors say they are not interested in acquiring struggling airline"
No, I bought them seriously. They are scheduled to start operations at the end of July, at which point I hope their stock will shoot upward.
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Re: "Three possible Transat suitors say they are not interested in acquiring struggling airline"
Serious question though, pre covid and the AC merger and all the future debt obligations and smaller operation that all entails Transat was a $5 share company so it seems like a healthy recovery is already priced into the stock. Where do you see Transats stockprice going after covid? It seems that according to this morning reports even for a Canadian airline right now Transat is a very sick animal.notwhoyouthinkIam wrote: ↑Wed Jun 09, 2021 11:49 amNo, I bought them seriously. They are scheduled to start operations at the end of July, at which point I hope their stock will shoot upward.
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Re: "Three possible Transat suitors say they are not interested in acquiring struggling airline"
There is bound to be a rebound once the company has revenue again. Worst case scenario, I'm out a few hundred dollars.Sharklasers wrote: ↑Thu Jun 10, 2021 5:28 amSerious question though, pre covid and the AC merger and all the future debt obligations and smaller operation that all entails Transat was a $5 share company so it seems like a healthy recovery is already priced into the stock. Where do you see Transats stockprice going after covid? It seems that according to this morning reports even for a Canadian airline right now Transat is a very sick animal.notwhoyouthinkIam wrote: ↑Wed Jun 09, 2021 11:49 amNo, I bought them seriously. They are scheduled to start operations at the end of July, at which point I hope their stock will shoot upward.
Re: "Three possible Transat suitors say they are not interested in acquiring struggling airline"
It is either a ‘dead cat bounce’ or somebody knows something (or is a really good guesser).
Trading volume not particularly eye-catching.
Transat AT needs to be recapitalized. It will have to be a third party. I would still not rule out a court supervised restructuring or a voluntary restructuring.
Trading volume not particularly eye-catching.
Transat AT needs to be recapitalized. It will have to be a third party. I would still not rule out a court supervised restructuring or a voluntary restructuring.
Re: "Three possible Transat suitors say they are not interested in acquiring struggling airline"
https://www.newswire.ca/news-releases/t ... 67645.html
"While the availability of a vaccine makes it possible to hope for the resumption of operations at a certain level during 2021, the Corporation does not expect such level to reach the pre-pandemic level before 2023."
"While the availability of a vaccine makes it possible to hope for the resumption of operations at a certain level during 2021, the Corporation does not expect such level to reach the pre-pandemic level before 2023."
Re: "Three possible Transat suitors say they are not interested in acquiring struggling airline"
Strategic plan
The Corporation has developed its plan for future years, setting the following objectives:
During 2021, stabilize the business by streamlining operations and laying the foundations for a recovery that will ensure the Corporation's long-term viability after the pandemic;
During the 2022-2026 period, make the Corporation profitable again and complete its transformation to achieve a level of profitability that exceeds pre-pandemic levels, as well as grow in new markets;
After 2026: leverage those achievements to propel Transat toward a new growth phase.
To that end, Transat will implement or continue certain changes:
Refocus airline operations and redefine the network by ensuring a greater presence in Eastern Canada and Montréal and forging alliances to strengthen the network;
Reduce costs and increase flexibility, particularly by renegotiating some commitments (fleet, real estate, etc.), by refocusing on airline businesses (discontinuation of the hotel division) and a significant simplifying of the organization;
Optimize financing structure over the long term;
Increase efficiency by streamlining the fleet and bringing its average age down, around two types of Airbus aircraft, improving aircraft usage, reducing seasonal fluctuations and enhancing revenue management practices.
Discontinuation of the hotel division
On May 20, 2021, due to the decline in liquidity as a result of the COVID-19 pandemic, and in line with the objectives of the new strategic plan, the Corporation's Board of Directors approved the discontinuation of the hotel division's operations.
The Corporation has developed its plan for future years, setting the following objectives:
During 2021, stabilize the business by streamlining operations and laying the foundations for a recovery that will ensure the Corporation's long-term viability after the pandemic;
During the 2022-2026 period, make the Corporation profitable again and complete its transformation to achieve a level of profitability that exceeds pre-pandemic levels, as well as grow in new markets;
After 2026: leverage those achievements to propel Transat toward a new growth phase.
To that end, Transat will implement or continue certain changes:
Refocus airline operations and redefine the network by ensuring a greater presence in Eastern Canada and Montréal and forging alliances to strengthen the network;
Reduce costs and increase flexibility, particularly by renegotiating some commitments (fleet, real estate, etc.), by refocusing on airline businesses (discontinuation of the hotel division) and a significant simplifying of the organization;
Optimize financing structure over the long term;
Increase efficiency by streamlining the fleet and bringing its average age down, around two types of Airbus aircraft, improving aircraft usage, reducing seasonal fluctuations and enhancing revenue management practices.
Discontinuation of the hotel division
On May 20, 2021, due to the decline in liquidity as a result of the COVID-19 pandemic, and in line with the objectives of the new strategic plan, the Corporation's Board of Directors approved the discontinuation of the hotel division's operations.