Air Canada T.AC

RE:RE:RE:article

[fraudhunter]

But he was attending a conference with the VP of Air Canada.... remember... the VP....if you open up an org chart... which level of VP?... which part of the business? Forgive the trollz, because the fault lies with their troll farm masters... they are issuing sub-standard scripts...
There you go. Better call Saul, and he may help launch a Class Action Law Suit against Troll Farm Owners on behalf of all the Trollz... Gotta Party Tonight...Gotta Party Tonight... I hear Koel waking up ... am I really Annick? or Zozzoz? or......would be kinda devastating if the hedge funds cancel the troll farm contract..ouch..wage subsidy programs?

TradeForex wrote:

I am in tears here, This guy needs to have the pointy corners of his head rounded off. Talk about hard headed stubborn. Funny thing is he gave you the article he now denies as fact and now he says he is entitled to call you names because you refuse to accept his false narrative.
Trolling at its finest. Jet you should change your handle to TrollHunter. 

 

JetTechYYZ wrote: Here is the article that YOU sent me https://centreforaviation.com/analysis/reports/air-canada-bailout-buys-time---but-canada-inc-sells-out-to-forces-of-protectionism-8958
Since you refuse to read the article or are too lazy to, let me provide highlights for you

The base credit agreement covers CAD600 million of loans, with the possibility of another CAD100 million which may be drawn down in the next 12 months. This debt doesn’t come cheaply – a minimum of 12.75% interest - and, together with some other transactions, means that Air Canada has now hocked everything in the store.

Perhaps most ironically, the biggest part of the loan comes from Export Development Canada (EDC). EDC is Canada’s export credit agency, “offering innovative commercial solutions to help Canadian exporters and investors expand their international business.” Yes, the wording was indeed “innovative commercial solutions”. Recreating history can be an expensive - and apparently even innovative - process. EDC stumped up CAD150 million.

The Canadian government, through its “Canada Account”, is to lend another CAD100 million.


Aeroplan will lend CAD150 million and ACE another CAD150 million

There is an amount of CAD220 million from an unnamed supplier – which, given the size of the amount would have to be an airframe manufacturer; but the nature of this, whether loan, deferral or whatever is not specified.

The lowest interest rate payable on the main loans is “at least” 12.75%. If that is the lowest rate, then the Canada Account’s loan, with its apparently much higher risk, could be significantly higher; at least it should be, to protect the taxpayers’ interests.


So Rick, in this article it clearly states that 2 government agencies provided financing of $250 million CAD, much less that the $1 billion CAD that you claim. In fact the monies lent were at an interest rate of at least 12.75% which provided the tax payer with a handsome return. The rest of the financing was with non goverment organizations. 

So go spin this information any way you like, you will only be contradicting yourself and making yourself a further fool. I would like to end this by saying YOU are the waste of time. You provide no value to this board other than comedic value.

 

 

RickHunter wrote:
When you give an article from the International Association of Transport Aerospace (IATA) claiming about a Air Canada bailout of 1G$ in 2009 and the person (jettechxyz) ask again the info and challenge you again even with proof. You can call him an idiot. Even if you search on google iata air canada bailout 2009 , the new york time journal say it also . Waste of time.