dagger

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dagger last won the day on September 13

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  1. I would think with the shorter campaign this time - and everyone knowing the date of the vote – that maintenance schedules can be safely juggled if necessary to free up an aircraft for chartering. Also, AC will be flying NHL teams again, and the hockey schedule doesn't get intense until mid-October.
  2. How difficult was it to get a divorce in those times? I'd think today one doesn't have to go to such extremes to exit a marriage. Even where a spouse murders another today, there usually is more to it than just a desire to be with someone else.
  3. Not even one-tenth of what you say. You're being ridiculous.
  4. There is no scenario where Air Canada turns over LHR slots to WS. There is an IATA bid process and WS knows how to go about it.
  5. Air Canada is the only Canadian operator to LHR and this deal changes nothing. It has been the only Canadian carrier flying to London for decades because LHR is severely slot constrained, plus it has high landing fees and terminal charges which make it less suitable for charter or low-cost operators. In terms of flying to London, both Westjet and Transat fly to Gatwick.
  6. Sooner probably means mid-2020 or later since this deal isn't likely to be approved until Q2 2020.
  7. The government is doing what I would call an exhaustive review of the AT purchase that could last into Q2 2020. I expect that once the feds, including the Competition Bureau, get through with it, AC will have made some concessions in order to make the deal fly, and ,make it bullet proof. There is no way AC wants to own or manage hotels in the Caribbean or travel offices anywhere. It won't keep a Terminal 3 presence in Toronto, and might well agree to airport changes elsewhere (I haven't given that any thought). It will likely make job and possibly regional flying concessions to the Legault government to get its unequivocal endorsement.
  8. It's more technical than anything, the deal in some form will certainly happen, it's just that ONEX may have to make legal changes to satisfy the government, perhaps maintaining a tracking mechanism to show ongoing compliance with the law and a mechanism to intervene if stock sales render the company non-compliant. Basically, if Air Canada didn't object now, it wouldn't be in a good position to intervene years down the road if a sale of WS shares did go over the foreign ownership limit For everyone else, employees, customers, communities, nothing is going to change because of this challenge.
  9. https://www.theglobeandmail.com/business/article-air-canada-files-challenge-with-canadian-transportation-agency-over/ In its letter, Air Canada argues that foreign co-investors could take larger stakes in Onex subsidiary Kestrel Bidco Inc. − which is the actual purchaser − and take on greater control of the Canadian airline. “The opaque nature” of the private-equity structure “obfuscates where actual control in fact will, in fact, rest,” Air Canada said. Air Canada also argues that Onex does not have sufficient controls in place to assure WestJet remains Canadian. For instance, it says that although Mr. Schwartz indirectly holds 100 per cent of Onex’s multiple voting shares (MVS), “the MVS structure provides no assurance that this will continue to be the case. The potential for the MVS extinguishment is real given Mr. Schwarts’ current career stage. At 77 years old and having served as CEO since 1983, his eventual retirement should not be considered a remote eventuality.” Air Canada said in its letter to Canada’s transportation regulator that “due to the structure of the transaction and the capital and corporate governance structure of Onex, the transaction may result in an undertaking that is not ‘Canadian.’ "
  10. A clean sheet product will take a decade.
  11. Wall Street Journal suggesting that flight checks have raised new issues that require additional software fixes, and that the final software platform certification will be pushed out a bit further.
  12. https://www.newswire.ca/news-releases/transat-s-shareholders-overwhelmingly-approve-the-arrangement-with-air-canada-860941611.html Also News Releases Air Canada Welcomes Transat Shareholders Approval MONTREAL, Aug. 23, 2019 /CNW Telbec/ - Air Canada is pleased by the announcement, earlier today, by Transat A.T. Inc. ("Transat") of the approval, by a majority of nearly 95% of its shareholders, of its Arrangement Agreement with Air Canada under which Air Canada will acquire all its issued and outstanding shares. "We are pleased with the outcome of Transat's special meeting and grateful to Transat shareholders for this overwhelming show of support," said Calin Rovinescu, President and Chief Executive Officer of Air Canada. "We will build a combined company greater than the sum of its parts that we can all be proud of. We now look forward to engaging with Transport Canada and the Competition Bureau to secure the required approvals to complete the transaction and welcome the opportunity to demonstrate the many benefits it will bring." "This is the best possible outcome for all stakeholders," added Mr. Rovinescu. "For shareholders of Transat and Air Canada, the combination delivers excellent value, while also providing increased job security for both companies' employees through greater growth prospects. Air Canada plans to preserve the Transat and Air Transat brands and maintain the Transat head office and its key functions in Montreal. Travellers will benefit from the combined companies' enhanced capabilities in the highly competitive, global leisure travel market and from access to new destinations, more connecting traffic and increased frequencies. Customers and the Quebec economy will derive maximum advantage of having a Montreal-based, growth-oriented global champion in aviation, the world's most international business, spurring more employment and securing Montreal's position as a leader among world aviation centres." Plan of Arrangement The acquisition will proceed by way of a court-approved plan of arrangement pursuant to the Canada Business Corporations Act. The transaction remains subject to court and regulatory approvals and the other closing conditions set out in the Arrangement Agreement. If such approvals are obtained and conditions are met, the transaction is expected to be completed in early 2020. Further details regarding the transaction are provided in Transat's management proxy circular for the special meeting of shareholders and in the Arrangement Agreement and the Amending Agreement entered into between Air Canada and Transat, copies of which are available on SEDAR at www.sedar.com.
  13. https://www.flightglobal.com/news/articles/sierra-nevada-to-restart-dornier-328-production-in-g-460299/ Sierra Nevada to restart Dornier 328 production in Germany 15 AUGUST, 2019 SOURCE: FLIGHT DASHBOARD BY: MICHAEL GUBISCH LONDON US manufacturer Sierra Nevada intends to restart production of the Dornier 328 turboprop in Leipzig. The regional government of Saxony, where the city is located, has confirmed the plan. A press-conference invite issued by Saxony's state ministry for economy, work and transport says that Sierra Nevada and its Munich-based subsidiary 328 Support Services – the aircraft's type-certificate holder – will on 21 August disclose establishment of "a new aircraft manufacturer" at Leipzig/Halle airport. The project will be announced "in presence of representatives of [Germany's] federal government and Saxony's state government" during a national aviation conference at the regional airport, the ministry says in the invite. It asserts that the project's location in Leipzig will "strengthen" German aviation "as a whole". A Dornier 328 turboprop featuring "different configurations" will be on display during the event, to demonstrate the aircraft's "versatility", the invite adds. Powered by two Pratt & Whitney Canada PW119C turboprops, the 30-seat aircraft was developed and initially produced by now-defunct Dornier. A first flight was conducted in 1991. Fairchild acquired the German manufacturer in 1996 and introduced a jet-powered version with two PW306B turbofans. Production ceased after the collapse of the developmental Fairchild Dornier 728 regional jet programme in 2002. Cirium's Fleet Analyzer shows that 58 Dornier 328 turboprops and 50 Dornier 328-Jets – including nine business aircraft – are in service today. Some 19 of the turboprops and nine of the jets have been stored, while 79 have been retired. The largest operators of the in-service aircraft are the US Air Force (20 units), Danish carrier Sun-Air (12), German-based Private Wings Flugcharter (10), and US-based Ultimate Jetcharters (eight). During the 2016 Farnborough air show, Sierra Nevada disclosed a plan to restart production of both Dornier 328 turboprops and jets through the manufacturer's Turkish subsidiary TRJet. The US manufacturer had a target of delivering in 2019 the first aircraft under a tentative deal with Turkey's government for 50 units. Sierra Nevada and 328 Support Services have not responded to requests for comment on the Leipzig plan.
  14. https://www.newswire.ca/news-releases/air-canada-announces-first-two-new-routes-to-be-operated-with-game-changing-airbus-a220-300-860435906.html Air Canada Announces First Two New Routes To Be Operated With Game Changing Airbus A220-300 (Editor's Note: First images of the interior of Air Canada's new A220 are available at https://www.aircanada.com/ca/en/aco/home/about/media/photos-logos.html ) MONTREAL, Aug. 14, 2019 /CNW Telbec/ - Air Canada today announced the first two new routes to be operated with the Airbus A220-300, the only non-stop service between Montreal and Seattle and between Toronto and San Jose, California, both beginning in spring 2020. As well, the carrier also provided a first look at the interior features of its newest aircraft, which will offer customers a choice of Business and Economy Class service, its newest in-flight entertainment system, onboard Wi-Fi and more.
  15. Norwegian is stopping flights to Canada, which makes the AT deal look a tiny bit better.