Admiral Beez
Superstar
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Canadian airline industry (general discussion)
- Thread starter Admiral Beez
- Start date
Woodbridge_Heights
Senior Member
To be fair they likely had the funds set aside for the purchase at $18 per share (possibly in trust?). And so the reduced price at $5 a share probably freed up some cash.
SubHuman
Active Member
It looks like Air Canada will also be expanding back into the dedicated freighter business by converting some of their recently parked Boeing 767 aircraft, if they can convince their pilots to go along with the scheme.
They have tried this before, in the 1980s and '90s with Air Canada Cargo Express DC-8s.
They have tried this before, in the 1980s and '90s with Air Canada Cargo Express DC-8s.
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SubHuman
Active Member
Air Canada & Air Transat Cancel Proposed Merger
simpleflying.com
kEiThZ
Superstar
I look forward to WestJet buying Air Transat shortly.
rbt
Senior Member
With oil investment (and thus business travel) down significantly in Alberta, WestJet recovery is going to take a long time.
Air Transat will struggle to avoid bankruptcy, and will be cheaper to purchase after they file but that might be 3+ years from now. They can come close to breaking even with debt but it'll be tough to turn a profit without much higher fares. Winter 2022 will be big but after pent-up demand dies down I'm not sure they'll be able to compete.
Porter might be a good near-term acquisition for WestJet depending on whether HFR is approved or not.
kEiThZ
Superstar
I wish we could see something crazy like Porter and Air Transat merge, using Ottawa and Montreal as hubs for long-haul.
SubHuman
Active Member
"WestJet Airlines to acquire Sunwing"
robmausser
Senior Member
While crazy that would be something that actually benefitted Canadians as it would cause competition against WJ and AirCan, rather than just the big two growing bigger.
I would have rather seen Transat aquire Sunwing as well, it would have actually fit nicely in their portfolio too.
SubHuman
Active Member
DSC
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MODS: This THREAD TITLE might be best adjusted to something like Airlines in Canada - general discussion
gabe
Senior Member
The loss of these discount airlines Canada will once again return to having the highest airfares in the world.
I flew Swoop a few months back to Vancouver. It wasn't that bad. Had that public transit feel but it was only a 5 hour flight and only $200 there and back. West Jet, Air Canada were charging over $700 for the same flight! No way i would pay that to fly on such a short flight.
Bureaucromancer
Active Member
I mean so far this hasn’t really been a loss of legitimate discount carriers. This discount brand within a larger airline thing has never worked, and sunwing was very much an international vacation carrier (though I am slightly surprised they aren’t preserving the brand in some form)
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Bordercollie
Senior Member
The question you should be asking is why would the regulatory authority allow this?
Pacer
New Member
Many ministries in Canada have links to the companies they regulate. Lobbying from within government definitely helps.