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dagger

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Everything posted by dagger

  1. There is also a strong lobby developing against the usual of Industrial 5G - plant or facility networks - in the vicinity of airports for the same reason. The US DoD is against it, among others. No, can't see a Huawei connection.
  2. I don't think I've ever seen International services expanded with so little pre-sale, and I have to think strong cargo rates are a factor. Everything I see about the cargo situations tells me volumes and rates will remain high well into the future, and passenger airlines are even likely to place more emphasis in making fleet acquisition and deployment decisions on the freight component. https://www.newswire.ca/news-releases/air-canada-expands-capacity-from-eastern-canada-to-india-launches-new-non-stop-service-from-montreal-to-delhi-868404873.html Toronto service is increasing from daily to 10x weekly Route from Montreal begins October 31 with three flights a week MONTREAL, Oct. 13, 2021 /CNW Telbec/ - Air Canada announced today a strategic expansion of its India services, with additional flights from Toronto, and a new year-round, non-stop route between Montreal and Delhi. Starting October 31, just in time for Diwali celebrations, Air Canada will offer three flights per week to the growing Indian community in Montreal. Additionally, the airline is increasing frequency to Delhi from Toronto to ten flights per week beginning Oct. 15. All flights will be operated with Air Canada's most modern aircraft, the 298-seat Boeing 787-9 Dreamliner featuring a choice of three cabins of service: Air Canada Signature Class, Premium Economy and Economy class. "The Canada-India market is an important and strategic one for Air Canada. These additional flights and new route demonstrate Air Canada's anticipation about the promise and growth of the Indian subcontinent– and we also look forward to further strengthening the cultural and business ties between our two countries," said Mark Galardo, Senior Vice President, Network Planning and Revenue Management at Air Canada. "Today's announcement also confirms Air Canada's commitment to growing its main hubs of Toronto, Vancouver, and Montreal, with convenient non-stop service to India from each hub. Air Canada is the only carrier offering a direct service to Delhi out of Montreal, allowing for easy connections through our extensive network. We continue to focus on the growing visiting friends and relatives market and this capacity expansion is a response to increasing demand." As the leading carrier between the two countries, Air Canada offers daily flights from Vancouver, up to ten flights a week from Toronto and three flights a week from Montreal. The airline's service to Mumbai will resume when conditions permit.
  3. https://aircanada.mediaroom.com/2021-10-01-Air-Canada-Begins-Work-to-Enhance-Cold-Chain-Handling-Capabilities-at-its-Toronto-Pearson-Cargo-Facility
  4. Westjet to require all employees to be fully vaccinated https://www.newswire.ca/news-releases/the-westjet-group-announces-mandatory-covid-19-vaccination-for-all-employees-876060590.html
  5. It is not. It is identical. When drugs are fully approved, the manufacturer brands them. And vaccination is not forced. No one is going to strap you to a table and inject you with anything. We, the 80% prefer not to expose ourselves to the heightened risk you, the 20% pose to us. No vaccine is perfect, and even if the odds are greatly reduced that I will get sick, I choose not to sit or work beside an anti-vaxxer. I will not go to dine, indoors, at a restaurant, if it admits you, because what we know of now of the virus (its spread by aerosols primarily) and Delta (its the most contagious variant yet), the odds of me getting even an asymptomatic case are better than zero. And some of the same people who are anti-vaccination are anti-mask, intolerant of people who prefer to protect themselves. So no one is going to come to your house and grab your arm, but don't expect to mingle freely in all places with the vast majority who aren't buying your nonsense.
  6. Old news. There is a lot of this negative handover from the first few days. There were over 400 on an RCAF flight yesterday and over 500 on one overnight.
  7. Yes, and no. You can't tell with some if there was a reasonable hope of getting them out in any scenario that didn't involve a shooting war. Also, the scope of what has been happening the past 72 to 96 hours - the sheer numbers being airlifted - is becoming a story in itself. This is the biggest airlift since the US left Saigon, and it's beginning to look at bit like Berlin 48. Just follow all the aircraft on Flightradar24 and other sites. Absolutely remarkable.
  8. Keep on eye on AC's Hong Kong loads. Seems a lot of people are leaving for good. Big crowds at AC and BA checkin these days,
  9. Hard to measure the reception until you know seating configurations, departure gates, slot times, etc. The nice thing about Porter to date is that it has been granted a virtual monopoly at a convenient airport for short-haul, with slot times to suit its ridership. The new terminal is spacious, the experience by virtue of it being under utilized is definitely different, especially if you live or work or are destined for downtown Toronto. YYZ, YUL, etc, are different experiences with no obvious advantages, no international feed traffic unless they hook up with OneWorld. That would put them in T3 in Toronto, so not at the Express Train station (which is at T1). AC has its best lounges at YYZ, YUL,etc, the better gates, well-established slot times. not only at YYZ, but everywhere else in Central Canada and the US northeast. And now that it owns Aeroplan again, it has the biggest stick by far.
  10. We could reinstate nonstop flights from India and Pakistan, but process them at the YYZ infield terminal. I don't know if similar segregation can be achieved at YVR. There are solutions to phase in normalcy.
  11. Not your usual helpful answer. Canada is working with IATA and ICAO on folding Canada into one or more of the international systems under development. Talks are rather intensive. Here is some helpful background on how the Brits are handling the situation right now, without passes. Obviously, this is an interim process, but it dispenses with outright flight bans. https://www.gov.uk/government/news/portugal-moved-to-amber-list-to-guard-public-health-against-variants-of-concern-following-first-traffic-light-review?utm_medium=email&utm_campaign=govuk-notifications&utm_source=101eebf5-6928-45f1-a2d2-7ca9879d0846&utm_content=immediately
  12. https://www.newswire.ca/news-releases/westjet-workers-join-unifor-803262339.html WestJet workers join Unifor TORONTO, May 21, 2021 /CNW/ - In a major victory for hard-hit airline workers, 531 WestJet airport agents in Calgary and Vancouver are now members of Unifor, the Canada Industrial Relations Board has declared. "Today these workers have gained a voice in their workplace during a challenging time in their industry. WestJet workers are dedicated employees who have a great deal to offer as the airline moves forward," said Unifor National President Jerry Dias. WestJet Airport Agents join Unifor (CNW Group/Unifor) "With the sale of their airline almost two years ago and the impact of the pandemic on all airlines over the past year, it is vital that workers have a voice in the future of this company." Unifor filed an application with the Canada Industrial Relations Board on April 12, 2021 to certify Unifor as the union for 320 airport agents in Calgary and 211 in Vancouver, including those on the job and those laid off due to COVID-19. The board certified Unifor as the sole bargaining agent for these workers Thursday after declaring that more than half the workers at the two locations had signed membership cards. Unifor represents 7,500 airport agents at other airlines, including at Air Canada, Jazz, Porter, First Air, Calm Air and more. In all, Unifor represents more than 16,000 workers across the airline industry, and has led the fight to push the federal government to create a national aviation plan, and has held rallies, presented to parliamentary committees and has actively lobbied for a national recovery plan for the sector that includes financial support for workers. "I am proud to work at WestJet, and proud to now be a member of Unifor. WestJet grew as a company where workers were heard, and Unifor will help make sure that continue," said Sherwin Antonio a Customer Service Agent in Baggage at WestJet in Calgary. "We have been talking to WestJet workers across the country for some time, and support has always been strong. A year ago, we suddenly could no longer talk to them in airports because of COVID-19, and switched to online organizing," Unifor Organizing Director Kellie Scanlan said. "Today's victory for WestJet workers really shows the power online organizing."
  13. Unifor vs ALP re: Cargojet pilots https://www.newswire.ca/news-releases/interference-by-us-pilots-association-unwelcome-in-canadian-bargaining-process-818756159.html
  14. Israel's IAI now has a program to convert Boeing 777-200LRs into freighters, so if AC thinks it doesn't need them as passenger planes...
  15. What are the logistics for a US owned airline to be based on Canada? I get that it is doing transborder, but something about this feels not quite right.
  16. I see AC operating a 7xxx numbered flight into DEL at the present time, so a freight op. First time in a while I have seen a 7xxx to DEL as most cargo, I assume, was being handled on the passenger flights.
  17. Each package is likely to be different, although Transat's support is likely to be closer to that of AC's since it, too, is a publicly traded corporation. How the feds deal with the others, especially WS which is owned by a wealthy holding company, will be most interesting.
  18. Sure is, very small, but potentially rewarding. Government gets a 15% to today's closing share price of $27. And it gets warrants at just under $28.
  19. https://www.newswire.ca/news-releases/ceefc-announces-financial-assistance-to-air-canada-832198478.html CEEFC announces financial assistance to Air Canada Assistance will protect Canadian air travellers, jobs, and regional service TORONTO, April 12, 2021 /CNW/ - Today, the Canada Enterprise Emergency Funding Corporation (CEEFC), a subsidiary of Canada Development Investment Corporation (CDEV), announced that it will enter into agreements with Air Canada to provide financial support to the airline to protect jobs and to ensure vital national and international connectivity for Canadians and Canadian businesses. Under the terms of the agreements, Air Canada will have access to approximately $4 billion in loans (including $1.5 billion as a secured loan and $2.475 billion in unsecured loans) through the Large Employer Emergency Financing Facility's (LEEFF) financial support for the airline industry. Under LEEFF, CEEFC is also purchasing $500 million of newly-issued Class B Voting Shares from Air Canada at a 15% discount to their recent trading price. CEEFC will also receive warrants to purchase Air Canada shares in conjunction with its loan commitments. Air Canada – Canada's largest domestic and international carrier – is one of the world's 20 largest airlines. The company currently has 14,859 active Canadian employees. As a condition of its agreement with CEEFC, Air Canada has committed to maintaining jobs, resuming air service, and refunding customers for flights cancelled during the pandemic. CEEFC will make an additional approximately $1.4 billion available to Air Canada, in the form of a repayable loan, to finance refunds to eligible customers. Additionally, the financial assistance will ensure that Air Canada remains a key customer of Canada's aerospace industry. The company will move forward with the planned purchase of more environmentally friendly aircraft. LEEFF provides large Canadian employers with access to financing to preserve jobs and continue operations during this challenging period. Lazard acted as sole financial advisor to CEEFC for the transaction. Davies Ward Phillips & Vineberg LLP acted as legal advisor to CEEFC. Additional Disclosure CEEFC is purchasing 21,570,942 Class B voting shares of Air Canada (each a "Share"), at a price of $23.17933 per Share for a total purchase price of $500 million. Air Canada also issued to CEEFC 14,576,564 warrants (each a "Warrant") as consideration for CEEFC making the $2.475 billionunsecured loan (the "Unsecured Loan Facilities") and the $1.5 billion secured loan available to Air Canada (the issuance of Warrants, together with the issuance of the Shares, the "Investment"). Immediately prior to the Investments, CEEFC and its affiliates owned no voting or equity securities in the capital of Air Canada. Immediately following the Investment, CEEFC and its affiliates held 21,570,942 Shares and 14,576,564 Warrants (the "Purchased Securities"). On exercise, each Warrant initially entitles CEEFC to purchase one Share (the "Share Rate") at an initial exercise price of $27.2698 per Share (the "Exercise Price"). At the option of CEEFC, the Exercise Price may be satisfied by way of cash payment or, in lieu of making a cash payment, by way of cashless exercise. Warrants may be exercised, in whole or in part, at any time prior to April 12, 2031. However, CEEFC may only exercise vested Warrants. Half (or 7,288,282) of the Warrants will vest immediately upon issuance of the Warrants (the "Initially Vested Warrants"). The other half (or 7,288,282) of the Warrants (the "Unvested Warrants") will vest in the same proportion and at the same time as advances, if any, are made under the Unsecured Loan Facilities. If CEEFC exercised all of the Initially Vested Warrants by way of cash payment at the initial Exercise Price of $27.2698 and applying the initial Share Rate, CEEFC and its affiliates would own 28,859,224 Shares, representing approximately 7.91% of the outstanding voting securities of Air Canada (or 11.59% of the outstanding Class B voting shares) on a partially diluted basis after giving effect to such exercise. If CEEFC was entitled to, and did, exercise all of the Warrants (including all of the Unvested Warrants), applying the same initial Exercise Price and Share Rate, CEEFC and its affiliates would own 36,147,506 Shares, representing approximately 9.71% of the outstanding voting securities of Air Canada (or 14.10% of the outstanding Class B voting shares) on a partially diluted basis after giving effect to such exercise. CEEFC is restricted from transferring any Purchased Securities and any Shares issuable on exercise of the Warrants (together with the Purchased Securities, the "Investment Securities") until April 12, 2022, and thereafter is subject to certain limitations on the persons to whom those securities may be transferred, in each case, subject to certain exceptions. CEEFC intends to hold the Investment Securities for investment purposes. Depending on market conditions and other factors, including Air Canada's business and financial condition, and subject to the transfer restrictions noted above, CEEFC or its affiliates may dispose of some or all of the securities of Air Canada that it owns at such time. CEEFC and its affiliates do not intend to acquire additional equity securities of Air Canada except through the possible exercise of the Warrants.
  20. News Releases Air Canada and Government of Canada Conclude Agreements on Liquidity Program Financial package makes available repayable loans and equity MONTREAL, April 12, 2021 /CNW/ - Air Canada announced today that it has entered into a series of debt and equity financing agreements with the Government of Canada, which will allow Air Canada to access up to $5.879 billion in liquidity through the Large Employer Emergency Financing Facility (LEEFF) program. "Air Canada entered the pandemic more than a year ago with one of the global airline industry's strongest balance sheets relative to its size. We have since raised an additional $6.8 billion in liquidity from our own resources to sustain us through the pandemic, as air traffic ground to a virtual halt in Canada and internationally," said Michael Rousseau, President and Chief Executive Officer of Air Canada. "The additional liquidity program we are announcing today achieves several aligned objectives as it provides a significant layer of insurance for Air Canada, it enables us to better resolve customer refunds of non-refundable tickets, maintain our workforce and re-enter regional markets. Most importantly, this program provides additional liquidity, if required, to rebuild our business to the benefit of all stakeholders and to remain a significant contributor to the Canadian economy through its recovery and for the long term. "As vaccine deployments ramp up, we continue to work with the Government of Canada on the evolution of safe and science-based test and quarantine relief measures with a view to safely restarting our sector. We know that Canadians are looking forward to re-connecting with friends and family and taking those long-awaited vacations and business trips and we will be ready to safely connect Canadians within Canada and Canada to the world," said Mr. Rousseau. The financial package provides for fully repayable loans that Air Canada would only draw down as required, as well as an equity investment, and is comprised of: Gross proceeds of $500 million for Air Canada shares at a price of $23.1793 per share; $1.5 billion in the form of a secured revolving credit facility at a 1.5% premium to the Canadian Dollar Offered Rate (CDOR); the facility is secured on a first lien basis by the assets of Aeroplan Inc., Air Canada's shares in Aeroplan as well as certain assets of Air Canada, including certain intellectual property relating to the Aeroplan loyalty program; $2.475 billion in the form of three unsecured non-revolving credit facilities of $825 million each with: the first, five-year tranche at a 1.75% premium to CDOR per annum; the second, six-year tranche at 6.5% per annum (increasing to 7.5% after 5 years); and the third, seven-year tranche at 8.5% per annum (increasing to 9.5% after 5 years); As part of the financial package, Air Canada issued an aggregate of 14,576,564 warrants exercisable for the purchase of an equal number of Air Canada shares, subject to customary adjustments, at a price of $27.2698 per share during a 10-year term, representing 10% of the total commitment available under the above secured and unsecured credit facilities; 50% of the warrants vested concurrently with the implementation of the credit facilities and the remaining 50% of the warrants will vest on a proportional basis to the amounts that Air Canada may draw under the above unsecured credit facilities; Up to approximately $1.4 billion in the form of an unsecured credit facility tranche to support customer refunds of non-refundable tickets. The facility will have a seven-year term and carry an annual interest rate of 1.211%. As part of the financial package, Air Canada has agreed to a number of commitments related to customer refunds, service to regional communities, restrictions on the use of the funds provided, employment and capital expenditures. These include: Beginning April 13, 2021, offering eligible customers who purchased non-refundable fares but did not travel due to COVID-19 since February 2020, the option of a refund to the original form of payment. In support of its travel agency partners, Air Canada will not retract agency sales commissions on refunded fares; The resumption of service or access to Air Canada's network for nearly all regional communities where service was suspended because of COVID-19's impact on travel, through direct services or new interline agreements with third party regional carriers; Restricting certain expenditures, and restricting dividends, share buybacks and senior executive compensation; Obligations to maintain employment at levels which are no lower than those at April 1, 2021; and The completion of the airline's acquisition of 33 Airbus A220 aircraft, manufactured at Airbus' Mirabel, Quebec facility. Air Canada has also agreed to complete its existing firm order of 40 Boeing 737 Max aircraft. Completion of these orders remains subject to the terms and conditions of the applicable purchase agreements. In connection with the Government's equity investment, Air Canada has agreed to provide customary registration rights. The Air Canada shares and warrants issued to the Government are subject to certain transfer restrictions as well as an exercise cap which limits the Government's aggregate voting rights from the shares acquired pursuant to this investment (including upon any exercise of the warrants) to 19.99%.
  21. I haven't seen as many of the Incheon flights continue on to PVG. What's new is that some are being routed ICN-BKK. And of course, some returns from both Asia and Europe are routing through ATL and ORD. Someone at AC is having the time of his/her life with all of this exotic route planning.
  22. Another oddity the past few days - a whole lot of Air Canada 777s flying between Halifax and Inchon. I'm guessing that seafood is part of this, but it still seems like a lot of capacity for lobsters. Maybe the regular lift has disappeared, chasing higher rates. Inchon seems to be sort of a hub for AC cargo ops right now, with regular service to NRT, PVG and TPE as well. Occasional flights to Australia/New Zealand. Saw an another AKL-YYZ flight on Flightradar
  23. I see AC is now doing what amounts to daily 7xxx numbered flights into NRT and ICN, mainly with 777s, and has added near daily 7xxx-numbered flights to TPE with heavies. Also, some routings (charters?) via ATL and ORD. It will be interesting to see Q2 cargo revs.
  24. An interesting tidbit from Scott Hamilton of LeeHam http://1.gravatar.com/avatar/45dace257f3472f0892507ce15ccf233?s=50&d=http%3A%2F%2F1.gravatar.com%2Favatar%2Fad516503a11cd5ca435acc9bb6523536%3Fs%3D50&r=G Pontifications: Southwest didn’t invite Airbus to bid by Scott Hamilton By Scott Hamilton April 5, 2021, © Leeham News: Southwest Airlines didn't ask Airbus to submit a commercial bid for the A220-300, three knowledgeable sources tell Leeham News. Southwest conducted an internal technical analysis of the A220-300 vs. the 737-7 MAX. The A220-300 offered better economics. But this competed against the costs of retaining a common 737 fleet. "Southwest acknowledged the merits of the A220, but there was no competition" for a commercially-based bid, LNA is told.
  25. And I said, as one who is soaking up info on vaccines, that they all tend to perform a bit better in the real world than they did in those limited and rather time-constrained trials. For example, the Brits have found that AstraZeneca has a higher efficacy - well above the original trials - when the interval between doses is extended. First doses of all the vaccines seem to be doing better than the trials. The first dose of Pfizer has an 80% efficacy rate after four weeks, the second dose is more of a top-up. But the trials suggested greater urgency to get a second dose after only two weeks because the efficacy build was something like 59% at that point. J&J is also proving to continue to build protection even after four weeks.
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