Canada 3000 75M loan
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Canada 3000 75M loan
David collenette, Canada's Transport minister is now on CBC TV to announce that the Government of Canada will guarantee a 75 mIllion dollar loan for 12 months to save C3 from going out of business.
It is good news as I fly one hell of a lot across the pond and would be very disappointed to see C3 stop flying, I have always been happy to fly with them.
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The hardest thing about flying is knowing when to say no.
[ 25 October 2001: Message edited by: Cat Driver ]
It is good news as I fly one hell of a lot across the pond and would be very disappointed to see C3 stop flying, I have always been happy to fly with them.
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The hardest thing about flying is knowing when to say no. [ 25 October 2001: Message edited by: Cat Driver ]
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So...$75M for C3.
The benevolence of our dear Canadian government truly is boundless.
As the Canadian workforce recedes Prime Sinister Dolittle continues to 'handout' from the tax coffers. Wonderful!
Promising peace keeping troops, the numbers of which, we don't have.
Busting patents on Bayer to fly in the face of a potential millions of dollars law suit.
The dollars continue to mount.
At what point do we, as a Country, go broke?
Doesn't matter really. I still have about 55% of MY salary they can take a portion of. What about you?
Now we'll see how C3 reacts to what must surely be a need to downsize.
Lots of airlines in Canada would have been nice to keep around. Wardair comes to mind. And, where are they today?
The main employers in this area are three mining companies. The one I used to work for just put an ongoing CA$350M expansion project on hold, with a resulting hiring freeze and 900 layoffs. A second has just announced a three week extension to a one month shutdown, affecting 800 people out of a workforce of 1200. The third has announced a second four week shutdown for this year, 1200 people affected out of a workforce of 2000.
Not a cent from Capitaine Poutine and co. for those guys. Must be nice to live in ac 905.
Not a cent from Capitaine Poutine and co. for those guys. Must be nice to live in ac 905.
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Willie E L:
Our generous dictator had no choice but to "guarantee" the loan for C3, is it not reasonable for him to use it as a smokescreen to keep A/C supplied with money.
Max Ward got screwed py politics, period also his airline was to well run and offered to good a level of customer service. Hell you wouldnt want the peoples airline run out of business would you?
And hey I have nothing against the grunts who just work for a living at A/C, it is the morally corrupt that I despise.
............................................
The hardest thing about flying is knowing when to say no.
Our generous dictator had no choice but to "guarantee" the loan for C3, is it not reasonable for him to use it as a smokescreen to keep A/C supplied with money.
Max Ward got screwed py politics, period also his airline was to well run and offered to good a level of customer service. Hell you wouldnt want the peoples airline run out of business would you?
And hey I have nothing against the grunts who just work for a living at A/C, it is the morally corrupt that I despise.
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The hardest thing about flying is knowing when to say no.
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No question about it CD, it's a smokescreen because they'll hand out billion$ to AC. Better to let AC go under and let a real businessman pick up the assets to make it work. Won't happen though, because the AC brass have always been generous with their contributions to the Natural Ruling Party. Same with the Apotex drug deal- Apotex management knew that accepting the order was a naked act of theft but counted on the pols they bought (they bankrolled the Liberals after Mulroney revoked their licence to steal) to let it slide.
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Yeh, Squak 8888 After almost fifty years in aviation I am very dissipointed in all the corruption and power brokering driven by politics that I have witnessed during my learning curve.
Beleive me I have seen a lot having been in senior management positions and struggled to protect my crews and the travelling public using the only tool available to me, the laws governing aviation. Sadly it was mostly a losing battle, because the bottom line is the powerful rule at the end of the day.
But I guess we are fortunate even though the people , correction, sheeple of Canada submit to this form of leadership we are still one of the best Countries on earth to live in. What bothers me is will my children and grandchildren have the same comfortable life style or will it all collapse ?
...........................................
: The hardest thing about flying is knowing when to say no.
Beleive me I have seen a lot having been in senior management positions and struggled to protect my crews and the travelling public using the only tool available to me, the laws governing aviation. Sadly it was mostly a losing battle, because the bottom line is the powerful rule at the end of the day.
But I guess we are fortunate even though the people , correction, sheeple of Canada submit to this form of leadership we are still one of the best Countries on earth to live in. What bothers me is will my children and grandchildren have the same comfortable life style or will it all collapse ?
...........................................
: The hardest thing about flying is knowing when to say no.
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The feelings you express get stronger the further west you travel from YOW.
I wonder if they start getting stronger when you get to the other side of the planet and start travelling west TO YOW.
I wonder if they start getting stronger when you get to the other side of the planet and start travelling west TO YOW.
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What bothers me is will my children and grandchildren have the same comfortable life style or will it all collapse?
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From my little perch overlooking the Canadian Airline Industry, along with a Federal Government that is so totally 'lost in space' their incompetence knows no limit.
With regards to the Canada 3000 loan guarantee...
if I were an employee at C3 it must seem great to have this reprieve. However shortlived a $75M reprieve may turn out to be.
but...
from my perspective, where I see all of this going is, when Air Canada files for bankruptcy (assuming they do that early in the new year) Prime Minister Dolittle will likely wave a taxpayers wand and miraculously AC will once again be a Crown Corp. until the good times return so he can return it to the public sector as a private company.
We all know things will play out along these lines!
So why not keep the $75M and let free enterprise take its course for both AC and C3 and TS, et al???
If only the strong survive, then so be it. It wasn't that long ago that it seemed clear and obvious to everyone in this industry that we do not have the population base to support two airlines (Canadian Airlines AND Air Canada), so why now do we find ourselves trying to support two airlines.
Will the last one to leave Canada kindly turn out the lights?
With regards to the Canada 3000 loan guarantee...
if I were an employee at C3 it must seem great to have this reprieve. However shortlived a $75M reprieve may turn out to be.
but...
from my perspective, where I see all of this going is, when Air Canada files for bankruptcy (assuming they do that early in the new year)
Prime Minister Dolittle will likely wave a taxpayers wand and miraculously AC will once again be a Crown Corp. until the good times return so he can return it to the public sector as a private company.We all know things will play out along these lines!
So why not keep the $75M and let free enterprise take its course for both AC and C3 and TS, et al???
If only the strong survive, then so be it. It wasn't that long ago that it seemed clear and obvious to everyone in this industry that we do not have the population base to support two airlines (Canadian Airlines AND Air Canada), so why now do we find ourselves trying to support two airlines.
Will the last one to leave Canada kindly turn out the lights?
