Originally Posted by Andrew Webber
Maybe they signed for the six-month review assuming AC would be out of CCAA in <6 months and wuld have a harder time repudiating the contract?
andrew
The December contract still had the analysis clause, so AC could repudiate the contract whether they were in CCAA or not.
In my opinion, Cara tried to keep their rates high in December by using the line "this is a low as we can go". AC some how got the ability to either review the operations and/or finances to show Cara that they could go lower. AC appears to be making its case that rates can go lower than the revised contract.