wizard

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Everything posted by wizard

  1. The regional employees in the U.S. don't get treated with this kinda disrespect.
  2. Air Canada removes the C1J10 pass from all employees including the regional employees, and adds a new c2J9 only for the mainline employees. The new c2J9 will allow a junior AC mainline employee to get on before a 20 year regional employee. The mileage service charge has also been drooped for mainline employees only and the regional employees will still pay the higher mileage service charge. Regional employees get the shaft again from Air Canada for flying benefits.
  3. I'm thinking He forgot to set his altimeter (too much to drink)
  4. You make a very good point. I was also thinking the same thing with the Tier 3's. Ya Investing in South America airlines. What a joke that was.
  5. Shares of Chorus Aviation Inc. jumped 37¢ or 12.3% to $3.39 on Wednesday after it appeared the regional affiliate of Air Canada would be able to avoid the significant cut to its dividend some had feared. But Joseph Randell, Chorus chief executive, warned investors he doesn’t expect much growth from the company’s contract with Air Canada going forward. The nature of the business is there is always pressure on costs “The nature of the business is there is always pressure on costs,” Mr. Randell said on a conference call Wednesday. “We’ve heard from Air Canada that we should not anticipate growth for Jazz as Air Canada looks to lower its regional costs and to diversify the sources of regional lift.” Under the terms of their so-called capacity purchase agreement, Air Canada effectively buys all of the seats on Chorus’ subsidiary airline, Jazz, at a fixed rate and sells them back into the marketplace, determining its schedule and prices. In exchange, Air Canada guarantees Jazz a minimum amount of flying and covers other costs, such as fuel. While Chorus remains Air Canada’s primary regional affiliate, Air Canada has been diversifying its regional partnerships in an attempt to drive down costs. In the past two years, the bulk of Air Canada’s additional regional flying has gone to its new partner, Sky Regional Airlines, due to its lower costs. Air Canada also announced last month it would be transferring its fleet of smaller Embraer regional jets to Sky Regional with an eye on broadening that relationship. While it appears little growth will be coming through its contract with Air Canada, Mr. Randell said the company continues its efforts to diversify its business away from Air Canada. To date, however, Chorus has had little success. Roughly 99% of its revenue is still derived from its partnership with Air Canada. Mr. Randell noted, however, that Chorus’ agreement with Air Canada extends to 2020, and that the bulk of Air Canada’s regional flying is still performed by Jazz. Their partnership has been uneasy in recent years with the parties locked in a lengthy dispute over the rate Chorus is paid by Air Canada above its controllable costs. Chorus is currently paid a 12.5% mark-up on its controllable costs, meaning Air Canada pays Chorus $1.125 for every $1 in controllable costs, including items such as wages. Air Canada has been seeking to reduce that rate to 9.5%. An arbitration panel in October sided with Air Canada in the dispute, but did not grant the full reduction. It was unclear at the time how much lower the rate would be, but it raised fears Chorus would have to dramatically scale back its 60¢ a share dividend. Air Canada has since said it doesn’t expect the mark-up to drop below 11.41%. A final decision is expected by the end of the first quarter of 2013. But even in the worst-case scenario, it appears the dividend is sustainable through 2013, said Cameron Doerksen, a National Bank Financial analyst. He raised his price target on the stock to $3 a share on Wednesday, from $2.60 a share previously, and his rating to a sector perform. Walter Spracklin, an RBC Capital Markets analyst, agreed the dividend was sustainable. Even if Air Canada were successful in the dispute, he estimated the dividend would only be cut to 53¢ a share, providing a 17% yield based on Tuesday’s closing price. He has a $4.50 target price on the stock. “We believe that a significant dividend cut is now likely off the table and we would be buyers at current valuations,” he said.
  6. Chorus should take a page from the AC play book and just buy the competition. Chorus should buy Sky Regional and also buy Porter and continue to keep them as separate airlines but all under the holding company Chorus. The end of the day you have diversification with all the money going in the Chorus pockets.
  7. I think this is just a re-branding of the Air Canada vacations brand but it will pull the Leisure travel away from mainline and in typical Air Canada management style another direct blow at gouging the union workers at the mainline. The mainline will start losing routes and lay-offs will follow.
  8. I have question on the dividend that is paid out, which is a cash cow for the investors in Chorus. What is the payout to the investor for the 3rd quarter? I'm sure that will eat into the 36.7 million. The only reason they have investors is because of the huge dividend they pay.
  9. AAR to service Airbus jets in Duluth Article by: DAVID PHELPS , Star Tribune Updated: October 22, 2012 - 8:36 PM The aircraft maintenance firm signed a letter of intent to service Air Canada A320s and plans to hire more mechanics. 0 comments resize text printbuy reprints Duluth's once-prized but controversial Airbus maintenance facility, shuttered for the last three years, will return to its roots within the next year as ... an Airbus maintenance facility. Only, instead of handling the service needs of the Northwest Airlines Airbus fleet as originally intended in the 1990s, the 188,000-square-foot hangar will be the repair facility for the 89-plane Airbus fleet of Air Canada. Work will be done under the supervision of AAR Corp., the newest tenant of the Duluth International Airport property. AAR has signed a letter of intent with Air Canada to provide maintenance on the Airbus aircraft for the next five years, first at its base in Miami but ultimately at the center in Duluth, company executives said. "Our team is excited about contributing to Air Canada's efficient operations and the [letter of intent] is the first step forward," said Dany Kleiman, AAR's vice president for repair and engineering, in a statement. AAR already has a small crew of managers and mechanics in the Airbus building and is getting ready to start hiring more mechanics, said Pakou Ly, a spokesman for the Duluth Economic Development Authority. Eventually, up to 225 people will be working in the plant. "It's hard to imagine a better situation for the city of Duluth," Mayor Don Ness said in a telephone interview Monday. "It's a beautiful facility. It's well built. We always thought it was critical to find someone who would use the building for the purposes it was designed for." Landing the Air Canada business is a coup for AAR, given Duluth's proximity to the Montreal-based airline, which also has hubs in Toronto and Vancouver. AAR's other maintenance facilities are in Indianapolis, Oklahoma City, Miami and Hot Springs, Ark. The Wood Dale, Ill.-based company had 2012 revenues of $2.1 billion and employs 6,700 workers. "The facility is an ideal fit for several reasons," said AAR spokesman Chris Mason. "The location is great, the [existing] equipment and tooling, and the available workforce." Mason said one maintenance line should be operational by the end of the year. At full capacity, there will be four maintenance lines. "We've been working to get the facility operational and land a launch customer to bring work there for some time," Mason said. "Air Canada represents that launch client." The Duluth facility opened in 1996 as the property of Northwest Airlines, which pledged to build the center in return for a controversial $838 million bailout package it received from the Minnesota Legislature in 1991. Northwest desperately wanted the state aid to avoid bankruptcy during a period of economic turmoil in the airline industry and to repay lenders from a 1989 leveraged buyout by businessmen Al Checchi and Gary Wilson. But Northwest closed the facility in 2005 at the start of a mechanics strike. Duluth-based Cirrus Aircraft leased space in the hangar until 2009 when shrinking aircraft sales forced it to close down that part of its operation. The building has been largely vacant since. David Phelps • 612-673-7269
  10. I remember when Air Canada had what they want again. Prior to CCAA they had Air BC, Canadian Reg, Air Ont, Air Nova. Which was a true split up regional operation and sold it off. Robert Milton s brain child Jazz was created. They are now creating Sky Regional who they have more control with cost and the only employees at SKY will be Pilots and FA's and this will bust the unions at Jazz and shrinking Jazz because of cost and lack of control due to ownership and the tier 3's and branded them all Air Canada express. What will they do next - New uniforms because they don't want the jazz brand and will no doubt come out with uniforms that just simply say express. Will Porter be bought and also placed in this group to also fill the gaps left with the shrinking of the Jazz brand were in 2020 will no longer have a cpa with Air Canada. Just my thoughts for the day.
  11. Sorry the yahoo stock price chart must have been out to lunch because before the market opening today it was showing a loss of over $5.00 last Friday?
  12. Why did the share price drop over $5 to $16.11 on Friday ?
  13. CAW members at Jazz Technical Services have rejected their tentative agreement. Results are as follows: Yes: 275 No: 384 Spoiled: 16 Total votes cast: 675 The bargaining committee would like to thank the membership who took time out of their busy schedules to vote on this agreement. We will provide an update on the next steps that we will be taking in the coming days. In Solidarity, Jazz Technical Services Bargaining Committee, John Murawesky, Chairperson Peter Brown, YYC Ian Waite, YXU Kim Choy, YYZ Benoit Clermont, YUL Tim Way, YHZ Larry Arnaud, Tech II
  14. CAW and Jazz Technical Services reach tentative agreement Main News Room, Homepage, Jazz: Technical Services 9 hours ago The CAW Jazz Technical Services bargaining committee has reached a tentative agreement with the employer on a new three year collective agreement. The new deal addresses many of the key issues highlighted by the membership throughout the development of the contract proposals. "We are pleased that the bargaining committee was able to reach a fair and equitable deal for the membership," said Ron Smith, CAW’s director of transportation. "This round of negotiations was adversely impacted by the current economic environment and in addition the base closure announcement at YXU meant there was additional pressure to deal with the effects of that decision and the uncertainty it would cause throughout the system." It was a combination of these adverse events that resulted in a recent breakdown in talks. Your bargaining committee was clear to the Employer from day one that the nature and extent of their proposals was a recipe for disaster. Further compounding the challenges to be met was the employers bargaining agenda. Your committee was clear from the start of negotiations that our membership has been instrumental in the success of Jazz over the past three years and members had to be recognized for their contribution. We want to thank the membership for attending the information sessions that were held from coast to coast. We also want to thank you for the solidarity and support that sent a strong message to the employer that their course of action had to change. It was your solidarity and support that resulted in a noticeable change in direction by the employer as the talks resumed on July 16. CAW President Ken Lewenza stated, "I would like to commend the bargaining committee for addressing the many challenges they faced and the obstacles they had to overcome to reach this settlement. In today’s environment it is difficult to reach a bargained settlement without outside interference as we’ve seen recently in the federal sector. On that basis, I would want to acknowledge the support of the membership and the hard work of the bargaining committee and join with them the recommendation of the settlement for ratification. Your bargaining committee is unanimously recommending acceptance of the new terms and conditions contained in the agreement. We are currently finalizing a document to release to the members in advance of the upcoming ratification meetings. We are currently working on securing dates and locations for ratification meeting to take place in all bases commencing early next week.
  15. NEW YORK (AP) — American Airlines is celebrating the seven-decade service of a New York mechanic who turns 87 next month and has no plans to retire. Azriel "Al" Blackman was 16 when he started as an apprentice mechanic in July of 1942, long before bag fees, airport security or even the introduction of the jet engine. He was paid 50 cents an hour. Seventy years later, he still reports to work every day at American's aircraft maintenance hangar at John F. Kennedy International Airport. "I don't consider it work, really," Blackman said Wednesday. "If you like what you do, it's not work." The Fort Worth, Texas-based airline invited Blackman to ride on a vintage DC-3 to mark his anniversary with the company. The aircraft, the Flagship Detroit, is owned by a nonprofit foundation that has restored it to a historically accurate approximation of what it looked like when it was in passenger service for American from 1937 to 1947. Its 21 seats are smaller than 21st-century airline seats, and there are no overhead bins. Blackman sat in the cockpit as the plane swung around to lower Manhattan, up the Hudson River to the George Washington Bridge and back. Back on the ground, he said modern jet engines are more reliable than vintage engines like the DC-3's. "These leak oil all over the place," Blackman said. "When they're not leaking oil, it's not good. They're not running well." Mustachioed and dapper in his lime-green reflective vest with "crew chief" on the back, Blackman said the industry has changed over the years. "Today it's all money, banking, CPAs, computers," he said. "But I've yet to see a computer go out and fix anything that we broke." He shook his head when asked what advice he'd give to someone starting out in his line of work now. "Most of the big carriers have folded because they couldn't compete," Blackman said. "And those that are still in business outsource a good part of their work. It's tough to make a living in the business today." Blackman started working for American Export Airlines, which later merged into American. He was drafted into the Army and served two years in Korea, then returned to his mechanic's job in New York. He and his wife, Delores, had two children; she died last year. "My dear wife, when she was alive, she used to tell me, 'Go to work, bum,'" he said. "'Go play with your friends.'"
  16. The battle over $33 flights to Hong Kong 19/07/2012 9:48:00 AM Scott Mayerowitz, The Associated Press NEW YORK, N.Y. - It was an airfare deal too good to be true: fly first class to Hong Kong for just 4 frequent flier miles and $33 in taxes. Clearly, it was a computer glitch. But it's also turning out to be the first major test of the Department of Transportation's new consumer protection rules prohibiting airlines from "increasing the price after the consumer completes the purchase." On Sunday, computers at United Airlines erroneously let passengers book flights to Hong Kong - or other places in Asia connecting in Hong Kong - in exchange for 4 miles, plus government taxes. Frequent fliers quickly shared the error on blogs and online chat rooms. Some, such as Ben Schlappig who runs the site One Mile at a Time, advised people not to call the airline, saying, "there's no need to bring further attention to this pricing." A business class seat for a flight on United to Hong Kong goes for about $8,500 or 120,000 frequent flier miles; first class costs $10,250 or 140,000 miles. Before long, hundreds, if not thousands, of fliers - the airline won't say how many - booked trips. United eventually pulled the plug and announced it wasn't honouring tickets already sold. People could get a refund without paying a penalty or have the proper amount of miles deducted. Anyone who had already started their trip would be allowed to complete their travel. Several people who booked tickets complained to the DOT, which is now investigating. "Our rule on post-purchase price increases applies to frequent flier tickets, particularly when they also entail cash payments," DOT spokesman Bill Mosley said via email. There's one sticking point in this case: the cost advertised was actually correct. A ticket searcher initially saw a cost of 120,000 miles. It was only when customers went to book that the 4 mile figure appeared. And if customers had the full 120,000 miles in their accounts, that was actually deducted. Those with less had no miles deducted. All passengers were charged the appropriate taxes. Mosley said the agency hadn't yet "reached any conclusions." The maximum penalty per violation is $27,500 but the government has wide discretion in what amount to actual fine. DOT says each ticket sold by United could be considered a separate violation. Susan Clarke, a 62-year-old retired teacher from Aiken, S.C., is one of the people who bought a ticket. She knew it was a computer glitch but booked a trip for March anyway. "United just made a big mistake and needs to honour it," she said. "That was their mistake, wasn't it?" But those who make a living off finding airfare sales say there is a difference between a good deal and taking advantage of a mistake. "When a waiter adds up the check wrong in my favour, I let him or her know. When a clerk hands me back too much change, I give it back," said George Hobica, founder of AirfareWatchdog. "These fliers knew that this was a mistake, and they should treat an airline the same way they treat any other entity."
  17. Company Overview Chorus Aviation Inc. Chorus Aviation Inc. (“Chorus”) was incorporated on September 27, 2010 and is the successor to Jazz Air Income Fund. Chorus is a dividend-paying holding company that owns Jazz Aviation LP. Chorus is traded on the Toronto Stock Exchange under the trading symbols of CHR.A, CHR.B and CHR.DB. About Jazz Aviation LP Jazz Aviation LP (“Jazz”) is wholly owned by Chorus Aviation Inc., and has a strong history in Canadian aviation with its roots going back to the 1930s. Jazz’s predecessors have generated some of the strongest operational and financial results in the North American aviation industry. Under a capacity purchase agreement with Air Canada, Jazz provides service to and from lower-density markets as well as higher-density markets at off-peak times throughout Canada and to and from certain destinations in the United States. Jazz currently operates scheduled passenger service on behalf of Air Canada with over 790 departures per weekday to over 85 destinations in Canada and in the United States with a fleet of Canadian-made Bombardier aircraft. Jazz also operates Boeing 757-200 aircraft on behalf of Thomas Cook Canada for the winter seasons to various destinations in the Caribbean, Mexico and Central America from four Canadian gateways – Toronto, Ottawa, Montreal and Halifax. Why Chorus? The name Chorus and the dragonfly word mark were selected for their connection to our operating subsidiary; Jazz Aviation LP. Chorus represents a company that is all about teamwork, unity, and a feeling that anything is possible when people come together. It’s about harmony and diversity as our corporate structure grows to include different entities. A chorus understands that a flawless performance requires hard work and dedication – something our employees demonstrate every day. Just like a chorus, our people are passionate about what they do. And it shows. Chorus is a natural extension of the Jazz brand, as both names bring positive associations of music, creativity, and collaboration. After a period of intensive research, we selected the dragonfly for the Chorus word mark. The design is bold, strong and confident. The olive green colour, while sophisticated and professional, also feels organic and from the earth – representing the start of our new brand journey. The dragonfly dates back to prehistoric times when dinosaurs roamed the earth and it still exists today. Though Jazz did not operate that far back in history, our heritage goes back to the earliest days of Canadian aviation. In addition to saluting the past, the dragonfly is also believed to represent change and symbolizes prosperity, good luck, strength, and harmony.
  18. If Westjet buys Porter would this Leave the Island dead?
  19. Yes your correct the market performance was on an up side yesterday. Hard to get a read on what the street thinks of this.
  20. Westjet stock lost .41 cents on Friday any reason for the decline this week? Seems the street is not to happy with the news this week.
  21. Why would you say it's not working at AC/Jazz/Sky Regional? I would say it's working just fine because if it wasn't then Westjet would not need to start a regional airline.
  22. Is Air Canada now paying the rent or lease at YTZ for the new operations? When you think about it Jazz most likely did not want to commit to a pricey lease with a operation AC was only committing 4 departures a day to YOW under the CPA and Jazz would lose it's shirt on. Stupidity I think not. Under a CPA it is an AC operation and they take full commercial risk and at the end of the day AC should be responsible in protecting the operation not Jazz who is paid to supply the flights. If AC was operating 14 departures a day with let's say 28 movements per day then yes committing to a lease makes sense like back in 1993 when it was AO.
  23. I think it's Union Busting 100% CR would like to get rid of the Unions, and it's the race to the bottom for all Airline workers. It will be the same for Jazz. I think Jazz will go into CCAA and the only Union workers left at Jazz will be the Pilots and FA's.
  24. Air Canada will kill it's own children to get ahead. I think Air Canada now want's to put Jazz out of business, and I think Jazz could no longer exist as a feeder for Air Canada within 5 to 10 years because they are **bleep** at Jazz being involved with Thomas Cook. That was one reason Air Canada did not put Jazz back at YTZ.
  25. Correct me if I'm wrong. But I think AC and Jazz are mandated to provide French language written and in announcements and if a passenger talks in French they expect French. Remember the 7up fiasco.