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The WestJet Group Statement on government support announcement

The WestJet Group Statement on government support announcement

Old Apr 22, 21, 11:41 pm
  #16  
 
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Originally Posted by On Time Reports View Post
"global aviation hub"??

That's quite a bold statement considering WS only has a commitment of 10 widebodies. In recent years, chatter about serving destinations in Asia, South America have dwindled.
The feds have already given a package to the airline that is at the center of the "global aviation hub" of Calgary with historical and well established operations to Heathrow, Frankfurt and Narita.
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Old Apr 28, 21, 1:51 pm
  #17  
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Alberta concerned Air Canada relief package may disadvantage WestJet

Alberta is asking the federal government for assurances that Air Canada won't get preferential treatment over Calgary-based WestJet now that Ottawa is a part owner of the nation's largest airline.

Travis Toews, minister of finance, sent a letter two weeks ago to his federal counterpart, Chrystia Freeland, urging her government to adequately support other airlines during Canada's post-pandemic economic recovery.

"I am concerned about the implications of the federal government now owning a portion of Air Canada, and the impact on competitiveness this may have on our other national airline, WestJet," it reads.
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Old Apr 28, 21, 3:47 pm
  #18  
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Originally Posted by tcook052 View Post
Travis Toews, minister of finance, sent a letter two weeks ago to his federal counterpart, Chrystia Freeland, urging her government to adequately support other airlines during Canada's post-pandemic economic recovery.
Must be a slow news day at CBC if they're just writing about this now.
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Old Apr 29, 21, 8:33 am
  #19  
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News is out TS has inked a $700M deal with Feds so seems WS may be the last given Sunwing & AC have already done the same.
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Old Apr 29, 21, 11:46 am
  #20  
 
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Originally Posted by tcook052 View Post
Alberta concerned Air Canada relief package may disadvantage WestJetAlberta is asking the federal government for assurances that Air Canada won't get preferential treatment over Calgary-based WestJet now that Ottawa is a part owner of the nation's largest airline.

Travis Toews, minister of finance, sent a letter two weeks ago to his federal counterpart, Chrystia Freeland, urging her government to adequately support other airlines during Canada's post-pandemic economic recovery.

"I am concerned about the implications of the federal government now owning a portion of Air Canada, and the impact on competitiveness this may have on our other national airline, WestJet," it reads.
I could almost see the opposite being true if for instance Trudeau were to decide that Air Canada shouldn't be competing against VIA Rail on YYZ-YOW-YUL.
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Old Apr 30, 21, 12:28 am
  #21  
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Originally Posted by tcook052 View Post
News is out TS has inked a $700M deal with Feds so seems WS may be the last given Sunwing & AC have already done the same.
If giving up an equity stake is a sticking point for WS, it's getting more difficult. TS agreed to give the government warrants to purchase common shares in the company. With AC, the government both purchased common shares and got warrants. Sunwing's bailout seems to have been under standard LEEFF terms, which implies warrants.

As for WS being last, don't forget PD is also still out there, bailout-less.
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