Originally Posted by
arf04
AC management has had 8-10 years to figure out how to make this company work and this is the best they can come up with? Of course costs exceed income and some things have to change, but after all that time they haven't figured out a way to recreate their company. One can point to WS's low cost operation and say that's the model, but the thing is that WS pilots get comparable compensation and there is no sense of mutiny or overt hostility between management and workers there (I know it's hard to do a straight comparison due to stock options/pension differences, but from all I can gather from forums where pilots discuss things the money is pretty close).
From:
http://www.cbc.ca/news/canada/britis...da-strike.html
CCAA filing possible
"They've had a little over a year of labour turmoil," he said. "They're drawing a line and saying, 'Look guys, this is getting too disruptive.'"
Lazar suspects the move is a ploy to get government to come in and mandate some sort of labour peace across Air Canada's various unions at the same time. He notes that Australian airline Qantas managed to do just that recently — effectively shutting down operations for several days until the Australian government stepped in.
Air Canada could be preparing for a Companies' Creditors Arrangement Act filing in the near future — Canada's version of bankruptcy proceedings. But rather than ceasing to exist, the plan is likely to clear the decks so the company can keep operating sustainably, Lazar said.
"There's a very remote chance of liquidation, but they most likely are just interested in just resetting their business model," Lazar said