Jump to content

moeman

Donating Member
  • Posts

    2,154
  • Joined

  • Last visited

  • Days Won

    26

moeman last won the day on July 25 2020

moeman had the most liked content!

Reputation

167 Excellent

Profile Information

  • Gender
    Male

Recent Profile Visitors

5,770 profile views
  1. https://contactout.com/Jeff-Iacobucci-26654060 "Operations Mgr @ Air Canada ASM @ Greater Toronto Airports Authority"
  2. I'm assuming that's in relation to this. https://globalnews.ca/news/7862576/transat-at-peladeau-takeover-talks-end/ Transat A.T. says negotiations about a takeover offer from Pierre Karl Péladeau ended Thursday, while the Quebec businessman says that he was no longer interested in acquiring the tour operator. According to an update issued by Transat on Friday, Péladeau sent it a non-binding proposal on April 7, under which his private investment company Gestion MTRHP would acquire all of the Transat shares for $5 in cash per share. Even though the proposal called for a response within 48 hours, the two groups continued talks until Thursday, Transat said in a statement. The offer was also the subject of an in-depth review by a special committee, made up of independent directors who were responsible for evaluating any proposal to acquire Transat shares. However, Péladeau said Thursday that he had “no more interest” in the tour operator, specifying that he had not been able to agree on a price with Transat’s largest shareholder, Letko, Brosseau & Associates. Transat said it is aware of Péladeau’s public statements, but added that it had not received any formal communication on this subject. Talks between the two sides followed an aborted transaction with Air Canada. The country’s largest airline pulled the plug on its $190-million deal last month over Europe’s unwillingness to approve the transaction. Transat reached an agreement with Ottawa to borrow up to $700 million to reimburse its customers whose flights were cancelled due to the COVID-19 pandemic, and help support its business.
  3. https://www.cp24.com/news/westjet-extends-temporary-suspension-of-international-sun-flights-until-june-1.5386502
  4. Good to hear. I actually checked last night and it still hasn't been looked at but you give me hope. I've been waiting a year as well.
  5. CUPE memo today: "Dear Members, We were advised moments ago that Air Canada Rouge will be suspending operation effective February 8, 2021. This will result in the remaining active membership that is currently working at Rouge being placed on layoff status."
  6. https://www.985fm.ca/nouvelles/politique/367931/ottawa-sur-le-point-dannoncer-la-vente-dair-transat-a-air-canada-selon-bernard-drainville Google translation: "The Trudeau government is said to be about to approve the Air Transat acquisition by Air Canada. According to what 98.5 political columnist Bernard Drainville learned, Ottawa does not believe in a takeover scenario for the Quebec airline company. The acquisition by Air Canada would therefore be a "lesser evil", even if competition would be lessened in the country, in the air transport sector."
  7. Curious why we are still allowed to fly to Florida, California, Arizona, Nevada, Hawaii, but not the Caribbean or Mexico. Doesn't make sense to me.
  8. How many movies that you watch on Netflix impact your pay and working conditions? I suspect that most, if not all, are for your personal enjoyment, not to gain a leg on the competition with whom you're competing against as a business. If all business travelers do is watch movies in flight while using our premium cabins, then so be it.
  9. AC Jetz has all the Canadian teams. No idea who is doing the Americans.
  10. https://www.washingtonpost.com/local/trafficandcommuting/boeing-faa-senate/2020/12/18/b1ce57b6-414d-11eb-8db8-395dedaaa036_story.html
  11. https://www.aircanada.com/ca/en/aco/home/book/travel-news-and-updates/2020/covid-19.html "You may be exempt from the requirement to wear a face covering if the two following conditions are met: You have a valid medical certificate confirming that there is a medical reason preventing you from wearing a face covering during your travel, and that you have received authorization not to wear a face covering from Air Canada. Please contact the Air Canada Medical Assistance Desk for details or, for European departures only, please present your medical certificate at the airport prior to departure. For the Medical Certificate, please click here. For customers eligible for a face covering exemption, as of December 15, 2020, you will also need to present a negative COVID-19 test taken within 72 hours from departure, at the airport check-in and/or prior to boarding the flight. Note that you may need another negative COVID-19 test for your return journey if the departure of your return trip exceeds 72h from the time your test was taken"
  12. NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES MONTREAL, Dec. 16, 2020 /CNW Telbec/ - Air Canada (TSX: AC) (the "Company") today announced that it has priced its previously announced overnight marketed public offering of 35,420,000 Class A Variable Voting Shares and/or Class B Voting Shares of the Company ("Shares") at a price to the public of C$24.00 per Share for aggregate gross proceeds of approximately C$850 million (the "Offering"). The Company has granted the underwriters an option to purchase up to an additional 15% of the Shares in the Offering, exercisable in whole or in part at any time until 30 days after closing of the Offering. The Offering is expected to close on or about December 30, 2020, subject to customary closing conditions, including the approval of the Toronto Stock Exchange. The Company will use the net proceeds from the Offering to supplement the Company's working capital and other general corporate purposes. The net proceeds from the Offering will serve to increase Air Canada's cash position, thereby allowing for additional flexibility both from an operational standpoint and in the implementation of its planned mitigation and recovery measures in response to the COVID-19 pandemic. The Shares offered in the Offering are being offered by way of a short-form prospectus in all provinces and territories of Canada and may also be offered in the United States to qualified institutional buyers pursuant to Rule 144A of the U.S. Securities Act of 1933 (the "Securities Act"). The Shares offered in the Offering have not been, and will not be, registered under the Securities Act, or any state securities laws and may not be offered or sold in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and the rules promulgated thereunder and applicable state securities laws. TD Securities Inc., J.P. Morgan Securities Canada Inc., Citigroup Global Markets Canada Inc. and Morgan Stanley Canada Limited are acting as active joint book-running managers for the Offering. This press release does not constitute an offer to sell or a solicitation of an offer to buy the Shares or any other securities and shall not constitute an offer, solicitation or sale in the United States or in any other jurisdiction in which such an offer, solicitation or sale would be unlawful prior to the registration and qualification under the securities laws of such state or jurisdiction. An amended and restated preliminary short-form prospectus containing important information relating to the Shares will be filed with securities regulatory authorities in each of the provinces and territories of Canada. The amended and restated preliminary short-form prospectus will be subject to completion or amendment. Copies of the amended and restated preliminary short-form prospectus relating to the Offering, when available, may be obtained from TD Securities Inc., TD Tower, 9th Floor, 66 Wellington Street West, Toronto, Ontario, M5K 1A2 (e-mail: sdconfirms@td.com) or J.P. Morgan Securities Canada Inc., Suite 4500, TD Bank Tower, 66 Wellington Street West, Toronto, ON M5K 1E7 or by telephone: Canada Sales 416-981-9233. A copy of the amended and restated preliminary short-form prospectus, when available, can also be obtained under Air Canada's corporate profile on SEDAR at www.sedar.com. There will not be any sale or any acceptance of an offer to buy the Shares until a receipt for the final short-form prospectus has been issued. Class B Voting Shares of Air Canada may only be owned and controlled by Canadians. Any Class B Voting Share owned or controlled by a person who is not a Canadian is automatically converted to a Class A Variable Voting Share. Class A Variable Voting Shares may only be owned or controlled by persons who are not Canadians. Therefore, any Class A Variable Voting Share owned and controlled by a person who is a Canadian is automatically converted to a Class B Voting Share. Purchasers of the Shares who are Canadians will receive Class B Voting Shares. Purchasers of the Shares who are not Canadians will receive Class A Variable Voting Shares. The term "Canadian" is defined under subsection 55(1) of the Canada Transportation Act (Canada), as amended, as "(a) a Canadian citizen or a permanent resident as defined in subsection 2(1) of the Immigration and Refugee Protection Act (Canada), (b) a government in Canada or an agent or mandatary of such a government or (c) a corporation or entity that is incorporated or formed under the laws of Canada or a province, that is controlled in fact by Canadians and of which at least 51% of the voting interests are owned and controlled by Canadians and where (i) no more than 25% of the voting interests are owned directly or indirectly by any single non-Canadian, either individually or in affiliation with another person, and (ii) no more than 25% of the voting interests are owned directly or indirectly by one or more non-Canadians authorized to provide an air service in any jurisdiction, either individually or in affiliation with another person". CAUTION REGARDING FORWARD-LOOKING INFORMATION This news release includes "forward-looking statements" within the meaning of applicable securities laws. Forward-looking statements relate to analyses and other information that are based on forecasts of future results and estimates of amounts not yet determinable. These statements may involve, but are not limited to, comments relating to guidance, strategies, expectations, planned operations or future actions, the Company's expectations with respect to the form and terms of the Offering and the expected use of proceeds therefrom. Forward-looking statements are identified using terms and phrases such as "preliminary", "anticipate", "believe", "could", "estimate", "expect", "intend", "may", "plan", "predict", "project", "will", "would", and similar terms and phrases, including references to assumptions. Forward-looking statements, by their nature, are based on assumptions, including those described herein and are subject to important risks and uncertainties. Forward-looking statements cannot be relied upon due to, among other things, changing external events and general uncertainties of the business. Actual results may differ materially from results indicated in forward-looking statements due to a number of factors, including those discussed below. Air Canada, along with the rest of the global airline industry, is facing a severe and abrupt drop in traffic and a corresponding decline in revenue and cash flows as a result of the COVID-19 pandemic and the travel restrictions imposed in many countries around the world, and particularly in Canada. The impact of the COVID-19 pandemic began to be felt in traffic and sales figures commencing in early March 2020. These impacts include drastic declines in earnings and cash flow from operations. There is very limited visibility on travel demand given changing government restrictions in place around the world and the severity of the restrictions in Canada; these restrictions and concerns about travel due to the COVID-19 pandemic as well as passenger concerns and expectations about the need for certain precautions, such as physical distancing, are severely inhibiting demand. The COVID-19 pandemic is also having significant economic impacts, including on business and consumer spending, which may in turn significantly impact demand for travel. Air Canada cannot predict the full impact or the timing for when conditions may improve. Air Canada is actively monitoring the situation and will respond as the impact of the COVID-19 pandemic evolves, which will depend on a number of factors including the course of the virus, availability of rapid, effective testing, vaccinations and effective treatments for the virus, government actions, and passenger reaction, as well as timing of a recovery in international and business travel which are important segments of Air Canada's markets, none of which can be predicted with any degree of certainty. Other factors which may cause results to differ materially from results indicated in forward-looking statements include those factors identified in Air Canada's public disclosure file available at www.sedar.com and, in particular, those identified in section 14 "Risk Factors" of Air Canada's Third Quarter 2020 MD&A and section 20 "Risk Factors" of Air Canada's 2019 MD&A. Readers cannot be assured that the Offering described above will be completed on the terms described above, or at all. The forward-looking statements contained in this news release represent Air Canada's expectations as of the date of this news release (or as of the date they are otherwise stated to be made) and are subject to change after such date. However, Air Canada disclaims any intention or obligation to update or revise any forward-looking statements whether because of new information, future events or otherwise, except as required under applicable securities regulations.
  13. There would have been just as much negative reaction if they hadn't let this clown board without a mask.
×
×
  • Create New...