WestJet to make purchase offer for AC
Apr 1, 2003, 4:08 am
#2
FlyerTalk Evangelist
Join Date: Sep 1999
Location: Toronto, Ontario, Canada
Programs: OWEmerald; STARGold; BonvoyPlat; IHGPlat/Amb; HiltonGold; A|ClubPat; AirMilesPlat
Posts: 38,186
Effective the takeover:
Shareholders receive one WJ share for every 100 AC shares
All debt holders are invited to renegotiate terms of their instruments at Ft. McLeod, Alberta where they will be offered the option of taking a flying leap over the Buffalo Jump, or resigning on WJ's terms
The Caisse drops another billion or two of Quebec pensioner's money
UA becomes the US subsidiary of WJ after conversion of its special AC shares
All AC staff over the age of 30 are suspended and pensioned off
AC Forum on FT wound down, no WJ Forum since there is no FF program
Errorplan.com mourns the killing of the goose that laid those golden eggs
All aircraft converted to single class
Seat pitch reduced to 26-inches
All MLLs closed
No elite priority check-in/boarding
All passengers must sing for their in-flight service
No advance seat selection
No priority baggage handling
No STAR Alliance
Immediate wind down of Aeroplan with miles redeemable only for toasters and VCRs from FUTURE SHOP
WJ fares soar 250%, Saturday overnight extended to Sunday as well
Welcome to the new model of flying in Canada. You asked for it, now you got it!
Shareholders receive one WJ share for every 100 AC shares
All debt holders are invited to renegotiate terms of their instruments at Ft. McLeod, Alberta where they will be offered the option of taking a flying leap over the Buffalo Jump, or resigning on WJ's terms
The Caisse drops another billion or two of Quebec pensioner's money
UA becomes the US subsidiary of WJ after conversion of its special AC shares
All AC staff over the age of 30 are suspended and pensioned off
AC Forum on FT wound down, no WJ Forum since there is no FF program
Errorplan.com mourns the killing of the goose that laid those golden eggs
All aircraft converted to single class
Seat pitch reduced to 26-inches
All MLLs closed
No elite priority check-in/boarding
All passengers must sing for their in-flight service
No advance seat selection
No priority baggage handling
No STAR Alliance
Immediate wind down of Aeroplan with miles redeemable only for toasters and VCRs from FUTURE SHOP
WJ fares soar 250%, Saturday overnight extended to Sunday as well
Welcome to the new model of flying in Canada. You asked for it, now you got it!
Apr 1, 2003, 5:46 am
#4
Join Date: Dec 2002
Location: YUL
Programs: AC-E50K, IHG-P, Bonvoy-G
Posts: 1,268
<font face="Verdana, Arial, Helvetica, sans-serif" size="2">Originally posted by Ken hAAmer:
Say, what's the date today?</font>
Say, what's the date today?</font>
Im expecting worst tricks to played on me today though.
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Prestige
Apr 1, 2003, 11:18 pm
#5
Join Date: Jan 2001
Location: Kingston, Ont, the limestone city
Posts: 975
<font face="Verdana, Arial, Helvetica, sans-serif" size="2">Originally posted by Shareholder:
Shareholders receive one WJ share for every 100 AC shares
Welcome to the new model of flying in Canada. You asked for it, now you got it!</font>
Shareholders receive one WJ share for every 100 AC shares
Welcome to the new model of flying in Canada. You asked for it, now you got it!</font>
Apr 2, 2003, 8:31 am
#6
Join Date: May 1999
Location: Ottawa
Posts: 8,564
Now trading at 83c, earlier today at 69c... http://makeashorterlink.com/?J1AF23F04
andrew
[This message has been edited by Andrew Webber (edited 04-02-2003).]
andrew
[This message has been edited by Andrew Webber (edited 04-02-2003).]