dagger

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Everything posted by dagger

  1. I'm not sure it's a good idea myself because I have little faith in the premiers of three of our four largest provinces making the rapid adjustments necessary. Look at Australia for how to react to a spike The state of Victoria has just moved into a lockdown far more severe than what we experienced in Quebec, Ontario and Alberta where it's more important to open bars than schools. And enforcement in Australia is severe enough to cause those people who want to throw huge parties that ignore all the rules to think twice. I'm also not confident the Europeans can hold the dike much longer. And the US is a total sh-show and getting worse. https://twitter.com/meridithmcgraw/status/1289911092001611777 If I were the feds, I'd bite there bullet now - offer the airlines interest free loans to pay off all of the vouchers (that assuages the public) and offer the airlines a rebate of excise fuel taxes in exchange for part of the soon to be massive tax loss carry forwards. That would do two things - future bookings would be entirely in cash , because the voucher overhang is eliminated, and the airline will be paying income tax sooner because of the excise tax rebate, but they only pay, of course, when profitable. The excise tax rebate swap was used decades ago - I think we have to go back 30 years or so - maybe Fido has a recollection of how that worked. I believe the airlines had the opportunity to repay the fuel tax and reclaim their tax loss carry forwards. My view is that governments screw up as soon as new case counts drop - people start bending or ignoring the rules, letting their guard down, and government don't clamp down to keep the virus in check - rather, they give in, opening things up more and more - bars, indoor dining - sending the wrong message and failing to enforced even the reopening guidelines they expect us to follow. Yes, it's not the way I'd do it. https://apnews.com/d175ea6f7cb41468cd19d5255908d3a7
  2. https://www.newswire.ca/news-releases/air-canada-reports-second-quarter-2020-results-809761194.html Air Canada Reports Second Quarter 2020 Results NEWS PROVIDED BY Air Canada Jul 31, 2020, 06:00 ET Total revenue decline of 89 per cent over second quarter of 2019 due to COVID-19 and government-imposed travel restrictions; cargo revenue up in the quarter Total passengers carried decline of 96 per cent compared to the second quarter of 2019 Liquidity of $9.120 billion at June 30, 2020 Operating loss of $1.555 billion MONTREAL, July 31, 2020 /CNW Telbec/ - Air Canada today reported unrestricted liquidity of $9.120 billion at June 30, 2020, in line with Air Canada's expectations, compared to unrestricted liquidity of $7.380 billion at December 31, 2019. Total revenues fell from $4.738 billion in the second quarter of 2019 to $527 million in the second quarter this year, a decline of $4.211 billion or 89 per cent. Cargo revenue increased 52 per cent to $269 million. The airline reported second quarter 2020 negative EBITDA(1) (excluding special items) or (earnings before interest, taxes, depreciation and amortization) of $832 million compared to second quarter 2019 EBITDA of $916 million. Air Canada reported an operating loss of $1.555 billion in the second quarter of 2020 compared to operating income of $422 million in the second quarter of 2019. "As with many other major airlines worldwide, Air Canada's second quarter results confirm the devastating and unprecedented effects of the COVID-19 pandemic and government-imposed travel and border restrictions and quarantine requirements. Canada's federal and inter-provincial restrictions have been among the most severe in the world, effectively shutting down most commercial aviation in our country, which, together with otherwise fragile demand, resulted in Air Canada carrying less than four per cent of the passengers carried during last year's second quarter. In the face of such an impossible operating environment, I am extremely proud of the outstanding efforts our team is making, doing everything possible to successfully navigate this crisis, leveraging our strong balance sheet and the many other assets we developed or acquired over the last decade," said Calin Rovinescu, President and Chief Executive Officer of Air Canada. "Since mid-March, we have raised $5.5 billion in new equity, debt and aircraft financings in the capital markets, providing us with over $9 billion in liquidity as of June 30th to help weather the COVID-19 crisis. In addition, we have taken decisive action to cut spending and preserve liquidity - including a major management and front-line workforce reduction, a $1.3 billion reduction of our fixed costs and capital investments, the permanent retirement of 79 aircraft (representing more than 30 per cent of our combined mainline and Air Canada Rouge fleet), the indefinite suspension of certain domestic routes and station closures, and a reduction in our network seat capacity of 92 per cent in the quarter. These were some of the painful but necessary steps we have taken to stabilize our airline and preserve cash in these uncertain times. We will now look to the future using this unprecedented challenge as an equally unprecedented opportunity to rebuild a smaller but even more nimble airline, with a simplified and younger fleet and a lower cost structure coming out of the crisis. "Above all, today's reported declines in revenue of nearly 90 per cent and in passengers of over 96 per cent, should reinforce the tremendous urgency for governments in Canada to take reasonable steps to safely reopen our country and restore economic activity. Other jurisdictions globally are showing it is possible to safely and responsibly manage the complementary priorities of public health, economic recovery and job preservation and creation. This is why Air Canada recently added its voice to that of many business and union leaders, including more than 140 major Canadian corporations and travel and tourism companies, employing nearly three million Canadians, in calling on the Government of Canada to take prudent steps to replace current blanket travel restrictions and quarantines with targeted evidence-based measures that reflect current circumstances. "For our part, Air Canada is laser-focused on business continuity and in positioning ourselves to emerge competitively as the pandemic recedes. To promote customer safety and confidence, we introduced Air Canada CleanCare+, a comprehensive, multi-layered approach to biosafety at all phases of the journey. As well, we have slowly begun to rebuild our network, recalling a small number of employees and selectively restoring the award-winning services that have placed Air Canada among the world's great airlines. For this I thank our employees for all of their incredible efforts and dedication and together we look forward to greeting our returning customers," said Mr. Rovinescu. Air Canada has taken or will take the following measures in response to the COVID-19 pandemic: Customer Service and Safety Air Canada makes safety its first consideration in all that it does and has been continually updating its health and safety policies and procedures for travellers and employees in all workplaces, airports, and onboard aircraft to account for new information about COVID-19 as it becomes available. This now includes a requirement for customers to wear a protective face covering, as well as enhanced protective personal equipment for airport agents and crews, the reinforcement of safe practices such as frequent hand-washing and collaborating with the Canadian federal government to screen passengers to help determine fitness for flying. For more details on preventative measures and policies, please see: https://www.aircanada.com/covid19updates To underscore its commitment to customer and employee safety, Air Canada introduced Air Canada CleanCare+. The new program is designed to reduce the risk of exposure to COVID-19 through such measures as enhanced aircraft grooming, mandatory preflight customer temperature checks in addition to required health questionnaires and providing all customers with care kits for hand cleaning and hygiene. Air Canada has undertaken several medical collaborations to continue advancing biosafety across its business, including with Cleveland Clinic Canada in Toronto, a renowned global healthcare leader to provide additional science-based evidence in our ongoing COVID-19 response; with Ottawa-based Spartan Bioscience to explore rapid COVID-19 testing in an aviation environment; and, since last year, with Toronto-based BlueDot, a company that monitors infectious diseases globally in real time to give us accurate, relevant information to make business and safety decisions quickly. To assist with global requirements of goods and personal protective equipment during the pandemic, Air Canada operated more than 2,000 all-cargo international flights since March 22, 2020, and plans to operate up to 100 all-cargo flights per week in the third quarter using a combination of Boeing 787 and Boeing 777 aircraft as well as four recently converted Boeing 777 and three converted Airbus A330 aircraft where it has doubled available cargo space by removing seats from the passenger cabin. Air Canada announced special benefits and accommodations for Aeroplan and Altitude members in light of COVID-19. These include pausing mileage expiration, grandfathering mileage-earned status, waiving certain change and redeposit fees, and launching new promotions so that members can earn additional Aeroplan Miles without leaving home. Capacity Air Canada reduced second quarter 2020 capacity by 92 per cent compared to the second quarter of 2019 and plans to reduce its third quarter 2020 capacity by approximately 80 per cent compared to the third quarter of 2019. This compares to a prior estimated reduction of 75 per cent, the larger reduction resulting from the continued extension of blanket travel restrictions in Canada. The airline will continue to dynamically adjust capacity and take other measures as required to adjust for demand including as a result of health warnings, travel restrictions, border closures and passenger demand. Air Canada suspended service indefinitely on 30 domestic regional routes and closed eight stations at regional airports in Canada. Financing and Liquidity In March 2020, Air Canada drew down its US$600 million and $200 million revolving credit facilities for aggregate net proceeds of $1.027 billion. In April 2020, Air Canada concluded a 364-day term loan in the amount of US$600 million, secured by aircraft and spare engines, for net proceeds of $829 million. In April 2020, Air Canada concluded a bridge financing of $788 million for 18 Airbus A220 aircraft which Air Canada expects to replace with longer-term secured financing arrangements later in 2020. The longer-term financing is expected to be secured by the 18 Airbus A220 aircraft. In June 2020, Air Canada concluded an underwritten marketed public offering of 35,420,000 Class A variable voting shares and/or Class B voting shares of the company at a price to the public of $16.25 per share, for aggregate proceeds of $576 million, and a concurrent marketed private placement of convertible senior unsecured notes due 2025 for aggregate proceeds of US$748 million ($1.011 billion). In June 2020, Air Canada completed a private offering of $840 million aggregate principal amount of 9.00 per cent Second Lien Secured Notes due 2024 (the "2024 Notes"), which were sold at 98 per cent of par. The 2024 Notes are secured obligations of Air Canada, secured on a second lien basis by certain real estate interests, ground service equipment, certain airport slots and gate leaseholds, and certain routes and the airport slots and gate leaseholds utilized in connection with those routes. In June 2020, Air Canada completed a private offering of one tranche of Class C EETCs with a combined aggregate face amount of approximately US$315 million ($426 million), which were sold at 95.002 per cent of par. The Class C tranche ranks junior to the previously issued Series 2015-1, Series 2015-2, and Series 2017-1 EETCs, and is secured by liens on the 27 aircraft financed under the Series 2015-1, Series 2015-2, and Series 2017-1 EETCs. The Class C EETCs have an interest rate of 10.500 per cent per annum, and a final expected distribution date of July 15, 2026. As a result of the above financing activities, unrestricted liquidity amounted to $9.120 billion and excess cash amounted to $6.820 billion as at June 30, 2020. Air Canada updated its definition of excess cash in the second quarter of 2020 to better reflect the current operating environment. Air Canada was previously using 20 per cent of trailing 12 months operating revenue as its estimate of the minimum cash required to support ongoing business operations. The minimum cash estimate has now been updated to a fixed amount of $2.4 billion. This minimum cash estimate considers Air Canada's various financial covenants, provides adequate coverage for advance ticket sales, and supports Air Canada's liquidity needs. Air Canada's unencumbered asset pool (excluding the value of Aeroplan and Air Canada Vacations) amounted to approximately $2.5 billion as at June 30, 2020. As part of Air Canada's ongoing efforts to increase liquidity levels, additional financing arrangements continue to be assessed. Air Canada suspended share purchases under its Normal Course Issuer Bid in early March 2020 and did not renew its issuer bid upon its expiry in the second quarter of 2020. Cost Reduction and Capital Reduction and Deferral Program Air Canada initiated a company-wide cost reduction and capital reduction and deferral program as a result of COVID-19, which has now reached approximately $1.3 billion, increased from an initial target of $500 million. Excluding depreciation, amortization, and special items, second quarter 2020 operating expenses decreased $2.462 billion or 64 per cent from the same quarter in 2019. Air Canada continues to seek additional opportunities for cash preservation. Air Canada announced a workforce reduction of approximately 20,000 employees, representing more than 50 per cent of its workforce. This was achieved through layoffs, terminations of employment, voluntary separations, early retirements, and special leaves. Air Canada adopted the Canada Emergency Wage Subsidy (CEWS) for most of its workforce effective March 15, 2020. On July 17, 2020, the Government of Canada announced that the program would be redesigned and extended to December 2020. Air Canada intends to continue its participation in the CEWS program, subject to meeting the eligibility requirements. Air Canada is retiring 79 older aircraft from its fleet – consisting of Boeing 767, Airbus A319 and Embraer 190 aircraft. Their retirement will simplify the airline's overall fleet, reduce its cost structure, and lower its carbon footprint. Second Quarter Summary Air Canada recorded a net loss of $1.752 billion or $6.44 per diluted share, compared to net income of $343 million or $1.26 per diluted share in the second quarter of 2019. At June 30, 2020, net debt of $4.564 billion increased $1.723 billion from December 31, 2019, reflecting the impact of net cash used for operating and investing activities in the first six months of 2020. The unfavourable impact of a weaker Canadian dollar, as at June 30, 2020 compared to December 31, 2019, increased foreign currency denominated debt (mainly U.S. dollars) by $350 million. In the second quarter of 2020, net cash flows used in operating activities of $1.251 billion deteriorated by $2.341 billionfrom the same quarter in 2019 on lower operating results and lower cash from working capital as a result of lower advance ticket sales, reflecting the severe impact of the COVID-19 pandemic. In the second quarter of 2020, net cash inflows from financing activities amounted to $4.089 billion, an increase of $4.470 billion from the second quarter of 2019. Net proceeds from debt and equity financings of $4.358 billion in the second quarter of 2020 reflected the impact of the financings discussed above. Outlook and Major Assumptions As indicated above, Air Canada plans to reduce its third quarter 2020 capacity by approximately 80 per cent from the same quarter in 2019. The airline will continue to dynamically adjust capacity and take other measures as required to account for health warnings, travel restrictions, border closures globally and passenger demand. Air Canada projects a net cash burn(1) of between $1.35 billion and $1.6 billion (or between $15 million and $17 million per day, on average) in the third quarter of 2020. This net cash burn projection includes $4 million per day in capital expenditures and $5 million per day in lease and debt service costs. This compares to a net cash burn of $1.724 billion(or approximately $19 million per day, on average) in the second quarter of 2020. The projected improvement in net cash burn in the third quarter of 2020 reflects the significant measures taken to reduce cash burn (as discussed above) and a modestly improving demand environment, partially offset by higher capital expenditures, including aircraft deliveries. The projected net cash burn for the third quarter of 2020 assumes that certain international borders will be reopened, that travel restrictions in a number of markets will be lifted and that passenger demand will continue to improve.
  3. It isn't clear whether this was the homeowner or a rental, but there was a clear intent to break all the rules. The fences were raised so you couldn't see over them from the street, and guests were forbidden from taking videos or photos inside.
  4. Well, I guess Ontario has no choice but to use the big stick after that Brampton house party on the weekend. Fines up to $100,000 threatened for the home owner.
  5. I'm very open to Big Stick enforcement, and suspect a lot of Canadians are, it's just that our politicians pander to their base, which includes social conservatives like Derek Sloan who are vehemently against mandatory masking.
  6. I've been following the situation in Australia, and if there is one flagrant difference between how they are responding to their spike in new cases and ours: ENFORCEMENT. All of the people who want to open up everything here seem to lose their discipline once they get what they want. So many bar operators are unwilling to push back against patrons bending the rules. In Australia, they fine both individuals and operators. They fined one homeowner $18,000 for an overcapacity house party. The cops found out about it because someone ordered a huge KFC delivery order, and a patron in the KFC though this was weird and ratted out the homeowner. When police arrived they literally found people hiding under beds, like they were raiding a speakeasy. If you take enforcement actions, you concentrate the mind for far more people. Its permissiveness that undermines compliance. It breeds defiance.
  7. There are a number of fast test systems in development[ - in most cases, the hardware is ready but they need to achieve low enough rates of false negatives and false positives in order to go into general use. Air Canada has a deal with Spartan Bioscience of Ottawa for such a system, but it needs to be improved upon in order to be put into general use.
  8. https://twitter.com/kylelarnold/status/1283861718796509207 APA not thrilled
  9. If you want to play that silly game at least show that you have enough intelligence to post a culturally representative image. Pakistan is predominantly Muslim. The US has just barred PIA.
  10. I'm not aware of any restrictions unless AC has agreements with particular local or provincial governments to provide a given service. I suspect I would have heard about such agreements by now if there were any.
  11. I think that's reasonable. I'm a supporter of the industry, but I don't think throwing massive subsidies at airlines is the way to go. The government could drop the excise tax on jet fuel, but aside from that, the chips should probably be allowed to fall where they do... even if that means higher fares, no social distancing in aircraft, routes suspended, etc. I just don't want to hear any complaints about airline prices or practices right now.
  12. https://www.newswire.ca/news-releases/air-canada-discontinues-service-on-30-domestic-regional-routes-and-closes-eight-stations-in-canada-826282841.html This is going to hurt - I expect a lot of communities will be voicing their concerns. Air Canada Discontinues Service on 30 Domestic Regional Routes and Closes Eight Stations in Canada Jun 30, 2020, 11:00 ET Regional flying rationalized due to COVID-19 and government travel restrictions, part of airline's Cost Reduction Program to reduce cash burn MONTREAL, June 30, 2020  /CNW Telbec/ - Air Canada said today that it is indefinitely suspending service on 30 domestic regional routes and closing eight stations at regional airports in Canada. These structural changes to Air Canada's domestic regional network are being made as a result of continuing weak demand for both business and leisure travel due to COVID-19 and provincial and federal government-imposed travel restrictions and border closures, which are diminishing prospects for a near-to-mid-term recovery. As the company has previously reported, Air Canada expects the industry's recovery will take a minimum of three years. As a consequence, other changes to its network and schedule, as well as further service suspensions, will be considered over the coming weeks as the airline takes steps to decisively reduce its overall cost structure and cash burn rate. A full list of route suspensions and station closures is below. As a result of COVID-19, Air Canada reported a net loss of $1.05 billion in the first quarter of 2020, including a net cash-burn in March of $688 million. The carrier has undertaken a range of structural changes including significant cost savings and liquidity measures, of which today's announced service suspensions form part. Other measures include: A workforce reduction of approximately 20,000 employees, representing more than 50 per cent of its staff, achieved through layoffs, severances, early retirements and special leaves; A company-wide Cost Reduction and Capital Deferral Program, that has to date identified around $1.1 billion in savings; A reduction of its system-wide capacity by approximately 85 per cent in the second quarter compared to last year's second quarter and an expected third quarter capacity reduction of at least 75% from the third quarter of 2019; The permanent removal of 79 aircraft from its mainline and Rouge fleets; And raising approximatively $5.5 billion in liquidity since March 13, 2020, through a series of debt, aircraft and equity financings. Further initiatives are being considered. Route Suspensions The following routes will be suspended indefinitely as per applicable regulatory notice requirements. Affected customers will be contacted by Air Canada and offered options, including alternative routings where available. Maritimes/Newfoundland and Labrador: Deer Lake-Goose Bay; Deer Lake-St. John's; Fredericton-Halifax; Fredericton-Ottawa; Moncton-Halifax; Saint John-Halifax; Charlottetown-Halifax; Moncton-Ottawa; Gander-Goose Bay; Gander-St. John's; Bathurst-Montreal; Wabush-Goose Bay; Wabush-Sept-Iles; Goose Bay-St. John's. Quebec/Ontario: Baie Comeau-Montreal; Baie Comeau-Mont Joli; Gaspé-Iles de la Madeleine; Gaspé-Quebec City; Sept-Iles-Quebec City; Val d'Or-Montreal; Mont Joli-Montreal; Rouyn-Noranda-Val d'Or; Kingston-Toronto; London-Ottawa; North Bay-Toronto Windsor-Montreal Western Canada: Regina-Winnipeg; Regina-Saskatoon; Regina-Ottawa; Saskatoon-Ottawa. Station Closures The following are the Regional Airports where Air Canada is closing its stations: Bathurst (New Brunswick) Wabush (Newfoundland and Labrador) Gaspé (Quebec) Baie Comeau (Quebec) Mont Joli (Quebec) Val d'Or (Quebec) Kingston (Ontario) North Bay (Ontario)
  13. I continue to wonder what kind of lifeline Onex is supplying Westjet and on what terms. Onex won't underwrite deep losses. AC's cash raising amounts to a bath for shareholders, and ultimately Transat shareholders are in for a very big haircut.. But the privately owned airlines can't expect their owners, however, deep-pocketed, to keep writing endless cheques..
  14. Vietnam Airlines wants government loan https://airwaysmag.com/airlines/vietnam-airlines-asks-for-loan/ Latam suspends flights of Argentine subsidiary https://thepointsguy.com/news/latam-airlines-suspends-argentina-unit/
  15. The Big 3 US carriers now all say they will ban travellers who refuse to wear masks.
  16. I admit this has me scratching my head.... https://www.flyswoop.com/news/swoop-seeks-airport-partners-to-lead-economic-recovery/ Swoop, Canada’s leading Ultra-Low-Cost Carrier (ULCC) and an independently operated subsidiary of the WestJet Group of Companies, today issued a ‘Request for Proposal’ (RFP) seeking strategic airport partners in North and Central America and the Caribbean. The airline is interested in hearing from airports who share an entrepreneurial, consumer-driven mindset to collaborate with the ULCC to stimulate travel and support economic recovery. “We believe the key to recovery lies in strategic collaboration, creativity and innovation to get travellers moving back through airports and into the skies,” said Charles Duncan, President, Swoop. “We are encouraged by early signs of recovering demand for ultra-low fares and are eager to collaborate with airports across the region to re-think how we, as an industry, approach affordable and accessible air travel.” Swoop, which operated its first flights on June 20, 2018, remains confident in the long-term prospects for its ULCC business model and future growth. The airline is seeking innovative proposals from airports that understand providing value to travellers through fair fares, and low fees creates demand as well as the importance of travel and tourism in stimulating economic recovery.
  17. The $600 million was certainly repaid because it had a %12.75 total interest rate. Repayment was scheduled to be completed by 2014 the latest, although AC had the ability to repay it faster, and likely did - I just don't have the inclination to go through annual reports to find out when. AC ultimately repaid all of its high cost debt.
  18. Back to topic: Can anyone remember when the federal government last gave money or loan guarantees to a Canadian airline to deal with a situation of distress like the industry is experiencing? (I exclude aircraft finance loans, which are available to all buyers of Canadian aircraft, domestic and foreign; that's not crisis support.) I don't believe AC got any cash or loans in 2010, just more flexibility to deal with its pension deficit. I know in the 2003 bankruptcy reorganization, the feds were not part of it - first Victor Li tried, then ACE Aviation succeeded with a structure that burned the furniture to repay (handsomely) the new shareholders. I can't remember if the feds supplied aid after 9/11. All I can remember is that back in the 1990-92 timeframe, there was a fuel tax rebate option where airlines could claim the fuel taxes they had paid in exchanging for foregoing some of their tax losses. I think the ratio was 10 to 1 - ten dollars of foregone losses for each dollar of fuel tax rebated. The federal excise tax is 4 cents a litre, and presumably applies to fuel uploaded in Canada, not the US or overseas where local taxes, if any, would apply. AC has used about 17 billion litres of fuel the past four years (2016-2019). I don't know if there are exceptions to the excise tax like their are for aviation-specific taxes like Ontario bloody high aviation fuel tax, but if for sake of argument half of the 17 billion was subject to the excise tax, that would be $340 million, and a rebate at a rate of 10 to 1 would mean foregoing $3.4 billion in current and future losses, which are likely to be substantial anyway. I believe the tax rebate had a component where the airlines could repay the rebate and have the tax losses reinstated if they felt it had become advantageous to do so.
  19. No, it's not New Zealand. We can't have New Zealand because each province controls its health destiny. No one seems to believe zero is possible, so I don;'t know why you'd assume otherwise. If the EU designates Canada as a non-EU country whose citizens are admissible to its territory, there is a good chance Canada will reciprocate. That ought to be known by sometime in the next few weeks. The EU plan is to select countries which don't represent a threat; our current situation would normally make us eligible, so long as the US border remains closed.
  20. Interestingly, it looks like Boeing has had to concede to additional upgrades - including some rejected during the development of the MAX. https://www.seattletimes.com/business/boeing-aerospace/boeing-whistleblowers-complaint-says-737-max-safety-upgrades-were-rejected-over-cost/ A version of the proposed system, called synthetic airspeed, was already installed on the 787 Dreamliner. It was not directly related to the flight-control system — the Maneuvering Characteristics Augmentation System (MCAS) — that contributed to both crashes. But it would have detected the false angle of attack signal that initiated events in both accidents, and so potentially could have stopped MCAS from activating and repeatedly pushing down the nose of each jet. But installing it in the MAX would likely have meant 737 pilots needed extra training in flight simulators. Running thousands of pilots through simulator sessions would have delayed the jet’s entry into service and added substantial costs for Boeing’s airline customers, damaging the MAX’s competitive edge against the rival Airbus A320neo.
  21. Oh I can - it's called the Conservative party, which is so eager to open up it's doing it haphazardly in some cases. In Ontario, there is widespread criticism of the government for allowing day care centres to reopen without guidance or support - most, in fact, won't - and churches without a mandatory masking rule. It's all Doug Ford's gut - the director of public health for Ontario is rarely seen or heard. If we had had a proper lockdown in Ontario for 2-3 weeks at the outset, instead of Swiss cheese lockdown we myriad exceptions, we would be close to zero cases today.
  22. Avianca's plan https://thepointsguy.com/news/avianca-bankruptcy-will-fly-again/ Avianca’s restructuring plan is multi-fold. The airline plans to shrink its fleet that consisted of 158 passenger aircraft and 13 freighters at the end of 2019. The numbers include 10 Embraer E190s that it parked at the end of December. Initially, the carrier is seeking court authority to reject leases on 14 jets: two Airbus A319s, seven Airbus A320s, two Airbus A321s, two Airbus A330-300s and one Boeing 787-8, a filing on Monday shows. It plans to negotiate further fleet reductions with leasing companies and lenders. Avianca will also shrink its network. Unfortunately for Star Alliance travelers, the airline plans to close its Peru operation and end its service between Lima (LIM) and Cusco (CUZ), the closest airport to Machu Picchu. The move will leave Avianca’s daily flight between Bogotá (BOG) and Cusco, which it operated prior to the pandemic, as the only Star Alliance offering to the Peruvian city. The move will consolidate LATAM Airlines’ dominance in Peru. The Santiago, Chile-based carrier had a 64% share of seats in the Peruvian domestic market in 2019, according to Cirium schedule data. LATAM, a partner of Delta Air Lines, is Avianca’s primary competitor in South America.
  23. Can't answer the, but here's a new AC video on the topic. https://twitter.com/AirCanada/status/1270339869265575936
  24. Here is Westjet's latest on keeping planes as virus free as possible https://www.newswire.ca/news-releases/westjet-safety-above-all-810545718.html Videos on this page https://www.westjet.com/en-ca/travel-info/safety?sm_cid=social:ws-world:coronavirus-covid-safety:twitter
  25. It also caters to a different use. If, for example, the PM - whoever he is - goes on a foreign trip, the entourage, including the media, needs a much larger aircraft, hence the A310s. They also need replacing, but that's another story.