An interesting article from National Post suggested that investors may just wait for the entire thing to implode and then pick up the assets at low cost and start another company. At any rate, foreign investors are basically scared off by the recent row between Lee and the AC unions. Some members (don't know how many) are really upset about Lee leaving and some internal cracks had form within the unions. Could some of the pilots hold on long enough for new airlines to form?
Personally, I think the union is kind of silly not to accept Lee's last offer regarding pension. If Air Canada can't even pay off its pension dues now what makes everyone think they will in the future with no investment? Sure the pension would be cut but at least you will still get some money instead of no money. Why risk losting what little it's left because of emotions? Assuming most people can be hired by the newly formed airlines, their pension would have to start from zero or worst no pension like West Jet.
*Oops I meant Li not Lee...same last name got 2 spelling in english.
Last edited by Koyo; 11th May 2004 at 00:08.