Turbofan

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  1. What about intervening at the competition bureau? Pushing for a piece of Transat to be divested.
  2. Let me put it another way. If Onex's plan is WJ and Transat? Is the current offer from AC enough to deter them?
  3. Agreed. But is that even relevant to the shareholder who gets completely bought out?
  4. All it would take is a WJ/Onex offer of $14/share plus 15 million to walk away from the AC offer. Does anyone remember how many times the back and forth bidding went last time? It was a lot if I remember. If it is Onex that wants Transat and WestJet together? I don't know this as fact of course. But if it is the case this is likely not over.
  5. When Onex tried their takeover of AC the plan was to pull AC out of the Star Alliance and join oneworld. Onex, who often uses partners, was in partnership with AA. It wouldn’t surprise me in the least if it was Delta’s competition behind Onex this time. Last time, when he tried the takeover of Canadian/AC he announced the switch from one alliance to another up front. This caused a problem for him because Star Alliance partners moved in and drove the share purchase price way up in a bidding war to keep AC. He won’t make that mistake again.
  6. True. I was thinking about an article that said the WJ BOD already had opinions from various firms. That takes time. Time means the WJ offer to Transat happened with understanding of the Onex offer to WJ.
  7. It has been reported WJ was the one that made the initial unsolicited offer to buy Transat. I'm thinking that offer was actually onex's plan via WJ. Onex clearly made their offer to WJ awhile ago. The amount of due diligence required for the BOD to recommend acceptance indicates this. One would think the two offers must be related if they are being pursued in tandem. Onex usually partners with some one. I think another shoe is going to drop. WJ, Transat,..... A oneworld or Skyteam member?
  8. https://globalnews.ca/news/5174214/boeing-737-max-software-update-faa/?preview_id=5174214 Boeing 737 Max’s planned software update is ‘operationally suitable,’ FAA review says
  9. These two statements have me confused. Could they, or couldn’t they, re trim the aircraft manually? Or is the problem that they needed to unload the elevator first and did not know that?
  10. This may just be coincidence. But a different angle to monitor. https://www.thedailybeast.com/us-state-department-reversed-a-security-alert-hours-before-ethiopian-airlines-flight-crashed https://et.usembassy.gov/security-alert-addis-ababa/