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rudder last won the day on April 18 2018

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  1. According to the announcement and the related news stories today, the CRJ Program is terminated. Back orders will be built in to 2020 but after that CRJ production will be halted. Manufacturing facilities overseas to be sold. The sale of the business by BBD represents the end of the CRJ Program other than customer support. Meanwhile, Mitsubishi is working on its own 76 seat variant to meet US scope provisions.
  2. I am curious what the end game plan is here for Mitsubishi? I suspect they now have the right to dismantle the CRJ program and thereby narrow the regional jet options for prospective customers thereby potentially increasing the demand for their own RJ product.
  3. Except that the final decision is up to the TRZ shareholders. If the outcome is inevitable (sale of shares) then the only metric that matters to the shareholders is who will pay the most for a share. There are no future considerations for a TRZ shareholder.
  5. AC not a big player in packaged vacations. Not sure that consolidation with the transat tour business results in excess market share. Only issue might be transatlantic route authorities. They could be offered to WJ but it does not have the resources...... I don’t see where the competition bureau can go with this. Most international route competition comes from foreign carriers. And that is the purview of the CTA.
  6. TRZ. Transat AT INC. The whole enterprise.
  7. Agreed. However, notice the flowery language in the TRZ press release. Pretty obvious who they want to dance with. Certainly has to do with province of HQ. If either WJ or ONEX make a richer offer then there may in fact be a sanctioned auction.
  8. There was an auction for Virgin America that was triggered by an unsolicited offer from JetBlue but won by a higher financial offer from Alaska Airlines. The resulting merger has not been a glowing success for a myriad of reasons. Sometimes choosing the right partner is more important than accepting the highest offer.
  9. As I predicted. For the price paid it is great value to AC. There will be some non-core asset sales but operationally it should remain largely intact (albeit with a new paint job). AC will be making a giant leap in the packaged tour business well beyond the current market presence. Significant addition of capacity on the North Atlantic. Consolidation of work force should be the labour objective. Hope that the unions handle it respectfully.
  10. rudder


    Acquiring TRZ would give AC unprecedented capacity over the Atlantic. AC could use the consolidated 330 fleet for the sub 10 hour routes and reallocate the Boeing’s to the longer Atlantic routes and Asia/South Pacific. Devil is always in the details but I don’t see how this doesn’t work for AC.
  11. rudder


    AC may become more aggressive in its TRZ offer in response. Close doors on WJ expansion on the Atlantic from the east. AC is sitting in a ton of cash.
  12. rudder


    Likely that any employee incentive programs that are not codified in collective agreements are likely to be terminated. WJ was changing anyway. The culture is no longer a selling point for staff. As bad as it was at the bargaining table, the focus on the bottom line is going to be even more focused. ONEX does not disclose the financing for the cash portion of the deal. There will be incremental debt service costs going forward.
  13. What is has to do with is what the insurance company assesses as the value. Remove the engines and avionics and what do you think the hull is worth? With the pressure vessel ruptured the repair bill will be significant.
  14. Based on Peel police comments the thread title should read “Fuel Truck Collides with Jazz Aircraft”