Air Canada to bid for Jet Airways?
Apr 11, 2019, 12:19 pm
#16
Join Date: Sep 2009
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Apr 11, 2019, 12:24 pm
#17
Formerly known as newbie elite
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Location: YUL
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https://www.jetairways.com/en/ca/jet...formation.aspx
Apr 11, 2019, 12:34 pm
#18
Join Date: Apr 2011
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If AC is bidding on this goat rodeo just for assets the timeframe for recertifications of the Max must be pretty bad and significantly worse than their current public timeframe of July 1.
Apr 11, 2019, 4:55 pm
#21
Join Date: Dec 2006
Location: YEG
Posts: 3,925
It appears that Etihad already owns 24-25% of Jet, so I assume that 24-25% would be the most that AC could acquire in order to maintain less that 50% foreign ownership, which makes even less sense to me. Wonder how this'll play out...
Apr 11, 2019, 9:06 pm
#23
Join Date: May 2012
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Not going to happen. About as likely as Air Canada investing in JS.
Until Naresh Goyal is removed from having any involvement, IMO, prudent investors are staying away.
Air Canada does not need the burden and bureaucratic nightmare of an Indian investment. Considering the recent financial costs to AC associated with the latest geo-political excitement in the region, it would defy common sense to even consider such an action.
Until Naresh Goyal is removed from having any involvement, IMO, prudent investors are staying away.
Air Canada does not need the burden and bureaucratic nightmare of an Indian investment. Considering the recent financial costs to AC associated with the latest geo-political excitement in the region, it would defy common sense to even consider such an action.
Apr 12, 2019, 2:41 am
#24
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Apr 12, 2019, 8:46 am
#25
Join Date: Sep 2009
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Yes. They had another plane seized in AMS yesterday. So they are now down to 14 planes and have cancelled all International flights as Indian aviation rules requires an airline to have at least 20 planes to be allowed to fly international routes.
Apr 12, 2019, 8:03 pm
#28
Join Date: May 2015
Location: Vancouver
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Posts: 2,026
What choice to they have. The Boeing 737-Max are grounded.
The Boeing 787 have had a lot of problems and for the time being apear to performing well. However we are talking about the same organisation that created the 737.
I would be happier being a passenger on the 330s just now.
The Boeing 787 have had a lot of problems and for the time being apear to performing well. However we are talking about the same organisation that created the 737.
I would be happier being a passenger on the 330s just now.
Apr 15, 2019, 4:41 am
#30
Join Date: Jan 2012
Posts: 9
IMHO - The days of airline executives showing off their cahonnes with the number of aluminum birds, slots or destinations is over and one that AC never really got involved with (except for it's forced marriage with CP and a profitable investment in CO in the early 90s.) Even AC, with the incredible growth in the Canadian population and economy and it's connections to the world, still viewed most of their fleet acquisition in the last 15 years as replacements for the 767s/340s/747s that left the fleet. Going further back, this is the airlines that basically did a 1:1 replacement of DC9s to 319s and 727s to 320s, L1011s to 767s etc.
Buy a loyalty program? An engine overhaul business? -- those are ways to make money in the airline industry. Flying planes, or buying Jet Airways -- not so much.
Buy a loyalty program? An engine overhaul business? -- those are ways to make money in the airline industry. Flying planes, or buying Jet Airways -- not so much.