Canadian North Sold to EIC

[pelmet]

But not the YUL-YVP route. Does that mean that is goes to Air Inuit with some 737 hiring?

https://www.msn.com/en-ca/money/topstor ... r-AA1zHU2i

[Kosiw]

Air Inuit picked up 3 B 737-800s about 1.5 years ago to replace their 737-200s, one 800, (freighter) has been operating their YUL-YVP freight run since last summer...the other 2 -800s are (apparently) being converted to a combi configuration and may be online later this year.

CDN North has a 737-700 (all pax) operating on the the YUL-YVP route but this will now end once EIC takes over.

According to the EIC press release, it'll be business as usual for CDN North with the change of ownership...for the first year anyways...

https://www.exchangeincomecorp.ca/wcm-d ... 153757.pdf

[digits_]

Oh god. Why. Monopoly on Northern travel is getting more and more real.

[rookiepilot]

Oh god. Why. Monopoly on Northern travel is getting more and more real.

Start an airline. I’m sure its easy.

[TeePeeCreeper]

Oh god. Why. Monopoly on Northern travel is getting more and more real.

Start an airline. I’m sure its easy.

Go ahead as Nolinor and Chrono have. I’m sure both of them aren’t happy about the amalgamation of the North but it is what it is.

TPC

[Victory]

Now that EIC has such a monopoly have they started gouging their Northerner customers yet?

[goingnowherefast]

Nah. EIC is too busy gutting management teams. With so few management resources, they don't even know their own operating costs, or how to gouge.

[lownslow]

Oh god. Why. Monopoly on Northern travel is getting more and more real.

Start an airline. I’m sure its easy.

…and if you’re successful you can sell to EIC!

[Victory]

Nah. EIC is too busy gutting management teams. With so few management resources, they don't even know their own operating costs, or how to gouge.

Most airlines are way over managed in my experience. I remember working for one that had 7 aircraft and 1 manager.

[godsrcrazy]

Maybe Air Canada and West Jet will step in and offer cheap fares like they did in YZF. Once they eliminate the local airlines they will increase the rates to higher than Canadian north.

Then everyone can get jerked around just like the YZF route with both majors. From what i am told they continually bump YZF if they need an aircraft on a southern route.

[dhc#]

I'm thinking in a few years once the dust settles on this take over by EIC, watch for Calm Air's operation to be folded into Canadian North's.

[oldncold]

There goes the compilentary hot meals to economy pax n special coffee. Shareholders will want another increase in quarterly dividend.

[vinnie]

There goes the compilentary hot meals to economy pax n special coffee. Shareholders will want another increase in quarterly dividend.

Actually, the dividend is payed monthly!

[co-joe]

There goes the compilentary hot meals to economy pax n special coffee. Shareholders will want another increase in quarterly dividend.

Noooo, not the cafe Franklin!

[CaptDukeNukem]

I'm thinking in a few years once the dust settles on this take over by EIC, watch for Calm Air's operation to be folded into Canadian North's.

Nah. Won’t happen. Calm air is too Manitoba for EIC to fold it in. EIC owns PAL and perimeter/bearskin, and keewatin.

I wager EIC buys wasaya group next

[goingnowherefast]

I'm thinking in a few years once the dust settles on this take over by EIC, watch for Calm Air's operation to be folded into Canadian North's.

Nah. Won’t happen. Calm air is too Manitoba for EIC to fold it in. EIC owns PAL and perimeter/bearskin, and keewatin.

I wager EIC buys wasaya group next

They already own half of Wasaya.

[IJNShiroyuki]

I'm thinking in a few years once the dust settles on this take over by EIC, watch for Calm Air's operation to be folded into Canadian North's.

Nah. Won’t happen. Calm air is too Manitoba for EIC to fold it in. EIC owns PAL and perimeter/bearskin, and keewatin.

I wager EIC buys wasaya group next

They already own half of Wasaya.

Why would the communities that own the other half of Wasaya sell their share? They aren't stupid...

[goingnowherefast]

They use their ownership stake to influence frequency and service levels well beyond what some communities can economically support. How else does one justify twice daily Dash-8 service for 25 passengers a week.

PC-12 and 1900 have a really high CASM, so upgauge to Dash-8s to reduce seat cost. But communities demand frequency with their political and financial authority. Then they add a stop on the "milk-run" to pick up 1 passenger.

I wonder if EIC regrets their decision to buy only half of Wasaya.

Hopefully Canadian North can find a happy balance of service frequency, market demand and aircraft size.

[IJNShiroyuki]

They use their ownership stake to influence frequency and service levels well beyond what some communities can economically support. How else does one justify twice daily Dash-8 service for 25 passengers a week.

PC-12 and 1900 have a really high CASM, so upgauge to Dash-8s to reduce seat cost. But communities demand frequency with their political and financial authority. Then they add a stop on the "milk-run" to pick up 1 passenger.

I wonder if EIC regrets their decision to buy only half of Wasaya.

Hopefully Canadian North can find a happy balance of service frequency, market demand and aircraft size.

After all that's why they own wasaya. They own wasaya to serve their community, not to make a big profit... as long as the company is not losing money.