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Chorus Aviation open to early renegotiation of relationship with Air Canada

Chorus Aviation open to early renegotiation of relationship with Air Canada

Old Feb 20, 14, 6:14 pm
  #1  
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Chorus Aviation open to early renegotiation of relationship with Air Canada

http://www.theglobeandmail.com/repor...ticle17007538/

Chorus Aviation Inc. says it is willing to renegotiate its financial relationship with Air Canada now that a contentions arbitration between them over costs has been resolved.

“We’re open to negotiations at any time,” CEO Joseph Randell said in an interview Thursday after releasing the regional carrier’s 2013 results.
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Old Feb 20, 14, 6:36 pm
  #2  
 
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OK shares, lets copy what AC has done and go up, way up, real soon!
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Old Feb 20, 14, 11:51 pm
  #3  
 
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I'm sure Chorus would like to try and get business locked in with AC, otherwise they may soon find themselves out of business. AC doesn't appear to want to deal with them much any more.

What has happened over the past few years?
  • AC awarded Q400 flights at YTZ to Sky Regional
  • AC has transferred its E75 fleet to Sky Regional
  • AC prohibited Jazz from bidding on transborder regional flights.
  • AC has increased the amount of capacity given to Air Georgian (transborder flights on CRJ's)

Speaking of Air Georgian, they've recently merged with another airline (Regional 1) that will apparently give them access to DH3's, CRJ's and the ability to acquire additional aircraft. I'd expect them to be in a position to make a major play for AC's regional lift by the time the current CPA expires.

http://www.prweb.com/releases/Air-Ge...eb11323240.htm

Emphasis mine...

...

Air Georgian and R1 will both benefit from having access to the world’s largest private fleet of Dash 8 and CRJ series aircraft, over $100 million in spare parts and domestic maintenance bases in Halifax, Montreal, Kingston, Toronto, Calgary and Vancouver.

...

The combined operations will utilize Beechcraft 1900D, de Havilland DHC 8 100/200, DHC 8 300 and CRJ 100/200 aircraft types, with the ability to quickly add additional larger gauge aircraft types with the long term goal of positioning the operating brands under REAL as major Canadian players in the 18-76 seat turbo-prop and jet market.

...
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