status quo

[Guest lupin]

ummm

Is it just me??Or has anyone noticed that although we are under CCAA and the company keeps telling us the world is going to end,there is talk of change, layoffs, restructuring ...etc we still dont see any change.

I would like some input from the other departments,We in maintenance have seen next to no change so far.A small layoff,an overtime ban,a small doom cloud over our heads.... but not much change yet.When are we going to see an autenthic effort to restructure?

We hear of managers getting shuffled around, but what good is that doing??Will they exel in other departments?What kind of smoke and mirrors is this?

Are the pilots seeing change?the flight attendants?the stations personel??where is the axe falling??

Lupin

AME yul

[cp fa]

There were 200 flight attendants laid off, and 400 more with pink slips. Judge Farley has ordered the company to reinstate them. Apparently having the company in CCAA is not enough to invoke the Force Majeure clause. He also wants the company and the unions to negotiate some more (cause that has been so successful up until now). :s

[Guest b52er]

Check out the posts below entitled, "Who needs AC". Your observation as an insider reflect what I and others have observed as well, hence the conclusions that AC has very limited time. Parties involved are too far apart for for a Canadian CCAA process especially when so many are owed so much. Not the same as a US Bankruptcy. IE: US Airways process. The Canadian Gov knows that the voids left would be filled in a short period of time by others. Rest assured, discussions are already taking place behind closed doors. Disruption....yes....for a short time.........end result.......a healthier aviation scene in Canada.

[Guest b52er]

Lupin;

As I and others have discussed in the thread entitled "Who needs AC", it is very apparant that your observations as an employee, are evidence what others have observed and stated. Lots of posturing, but the wheels are simply spinning. Unfortunately, CCAA is not the same as a US filing where Union contracts can be declared Nul and Void, which allows the companies, true restructuring powers. That is why unfortunately, AC is not going to be restructured to the point of profitability. It simply is not possible and I and others, regardless of how callous, have stated, that AC is perilously close to.......I won't say it. Others from within AC must observe what you have boldly stated, however, perhaps are a little blinded by the unthinkable.

[Guest Airmail]

Actually, Judge Farley said the 400 already gone are gone and the 200 who had lay off dates of May 3 are to be negotiated.

Furthermore, the negots only start on Wednesday.

Nothing more than the 3,600 layoffs already announced could happen until then anyway.

[Guest ACguy]

Despite the sucessful propaganda campaign targeting the employee group, there has indeed been little change in policy and/or employee numbers. Clearly, there are bigger fish to fry. Point and case: The financing agreement conditions for the $1 billion secured many "key players" in management a no layoff clause. This of course made Robert some life-long friends and created a problem. Fundamental change has to start from the top. This clause leads me to hypothesize that indeed the plan is partially in place and the senior management along with the board members are on side. Now to approach bondholders from the former Canadian ship for a second time. Instead of allowing them to take $0.90 on the $1 under CCAA they will take buzz-cut. The Air Canada bondholders are still "in shock" and the rope will be tied around there necks too. The sad truth is Air Canada's former assests have devalued significantly over the last year and a liquidation sale while possible is improbable. If someone said they would give you a buck for every ESOP share and SAU or take what's behind curtain #3 chances are you will leap at the cash. This is the big focus now getting all the big cash players on board. Ask yourself the following question: Why was GE Captial so readily available to finance and insolvent AC? Now AC management is truely in the drivers seat. They can renegotaite all those "poison-pills" where AC sold their soul in 10 year agreements. Further, all previous Canadian agreements will further be trimmed to favourable terms. The unions will be under seige and held hostage until the labour costs are driven right down. The government will have to take a true hands off approach and stop its continual private sector regualtion, oddly a reversible role when AC is in trouble. Also, the government will stop treating flying like a sin taxable item.

In short, change is coming, but it must start from the top.

[Guest b52er]

I will answer your question very briefly. GE Capital does not want any more used aircraft on the market, rest assured, they are very well protected in their financing terms, so much so that I'm confident in saying that AC bent and others will suffer. GE is in the drivers seat, not AC.

However, the remainder of your observations are sensible and quite likely a distinct possibility.

[Powermatic]

What are you talking about. Haven't you seen evidence of the dramatic and decisive moves by Flt Ops brain trust Huge Campbell.......

As of right now, AC will no longer supply Clip boards on the aircraft.

Seriously though, with thousands of suggestions and emails from the front-line troops about cost savings and ideas for new efficiencies, and this is was gets implemented!!!!!!!

Unbelievable.

[Powermatic]

What are you talking about. Haven't you seen evidence of the dramatic and decisive moves by Flt Ops brain trust Huge Campbell.......

As of right now, AC will no longer supply Clip boards on the aircraft.

Seriously though, AC Flt Ops has received thousands of suggestions and emails from the front-line troops about cost savings and ideas for new efficiencies, and this is what gets implemented!!!!!!!

Unbelievable.