Emirates vs. Air Canada
Join Date: Mar 2003
Location: Canada
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The LOAN from the EDC was not a bailout. It was a LOAN at loan shark rates I might add. All the money that had any connection to the Canadian Govnt has been paid back with huge amounts of interest so the Canadian tax payer actually made money off of Air Canada again. Funny how when GM gets 10.5 BILLION dollars nobody seems to say much. Bailout keeps GM Canada alive - Winnipeg Free Press Gurantee a loan for 150 million and everyone is off their rockers about it.
As for not being a cash cow? Have a look at how much tax AC pays every year. Think about how much tax AC generates every year in sales. Have a look at how much money AC pays to Nav Canada every year. I can assure you it is a HUGE amount. So much so that the federal Goverment seems to think that any interruption in service from AC would be disruptive to the economic recovery.
As for not being a cash cow? Have a look at how much tax AC pays every year. Think about how much tax AC generates every year in sales. Have a look at how much money AC pays to Nav Canada every year. I can assure you it is a HUGE amount. So much so that the federal Goverment seems to think that any interruption in service from AC would be disruptive to the economic recovery.
Join Date: Sep 2000
Location: Toronto
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bcflyer said:
Except in 2003 when AC filed for creditor protection and left $45m unpaid to Nav Canada. This resulted in fee increases of 6.9% to Nav Canada's other users.
Yes they've paid their bills since, I'm just sayin'.
Have a look at how much money AC pays to Nav Canada every year.
Yes they've paid their bills since, I'm just sayin'.
Join Date: Dec 2002
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Back to the video and 'principles'...AC, and I suspect Capt 'Human Rights'...fly to China everyday...the country who has jailed the current Nobel Peace Laureate under censorship laws....
Step up to the plate AC, take a stance....and lets join hands together and get this slogan and campaign off the ground...
"Stop China flights NOW!!"
...cmon lads & lassies, who's with us eh!!???
; >
Step up to the plate AC, take a stance....and lets join hands together and get this slogan and campaign off the ground...
"Stop China flights NOW!!"
...cmon lads & lassies, who's with us eh!!???
; >
Join Date: Oct 2007
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AC are the biggest hypocrites in the world. Right now they are going to court with the competition bureau over their illegal deal to subterfuge competion on cross border routes vis a vis an alliance with Delta/NW. Actually I suppose that doesn't make them hypocrites. They don't want to have to compete with anyone if they don't have to. Kind of like the good old days when they were a government owned monopoly.
And who are they accusing of unfair competition by painting them with the same brush? AC was gov't owned for the first 60 years of their 80 years in business.
And who are they accusing of unfair competition by painting them with the same brush? AC was gov't owned for the first 60 years of their 80 years in business.
Join Date: Nov 2001
Location: Not a huge sand box but very nice winters anymore
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so the Canadian tax payer actually made money off of Air Canada again
Join Date: Jun 2005
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GMC1500
AC has been in business since 1937, so 74 years total time. AC has been privatized since 1988, total time 23 years.
I don't like this way of doing business either, but it seems common practice to start a lawsuit to gain a competitive edge, until the lawsuit is settled.
It is also common in other industries, ie: pharmaceuticals. There they will claim a patent infringement, locking out their competitor from selling a specific drug competing with theirs, thereby reducing the competition for a time until the lawsuit is settled.
In my opinion, this is more of an American model, that has migrated up here with the influx of American CEOs and executives.
I don't like this way of doing business either, but it seems common practice to start a lawsuit to gain a competitive edge, until the lawsuit is settled.
It is also common in other industries, ie: pharmaceuticals. There they will claim a patent infringement, locking out their competitor from selling a specific drug competing with theirs, thereby reducing the competition for a time until the lawsuit is settled.
In my opinion, this is more of an American model, that has migrated up here with the influx of American CEOs and executives.
