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Bullboard - Stock Discussion Forum Air Canada T.AC

Alternate Symbol(s):  ACDVF

Air Canada is an airline company. The Company is a provider of scheduled passenger services in the Canadian market, the Canada-United States (U.S.) transborder market and the international market to and from Canada. It provides scheduled service directly to more than 180 airports in Canada, the United States and internationally on six continents. The Company’s Aeroplan program is Canada's... see more

TSX:AC - Post Discussion

Air Canada > Negociations update
View:
Post by Tempo1 on May 18, 2024 9:44am

Negociations update

Copy of a post from AC Pilot on stocktwits. Very usefull post from him.

Bi Weekly Pilot Negotiations Update: I'll start with the facts

36 articles,
2 weeks left until the June 1 deadline
7 tentative agreement (+1)
5 close to agreements (+1) 19 in discussion (+2)
5 not yet addressed (-4)

A few days ago the pilots had a town hall (virtual meeting with negotiations committee and the MEC) The general idea is that the ball is in Air Canada's court the expectations have been given and the Union is waiting for Management to get back to them on almost all items.
Couple interesting notes I took from the meeting:

1. Pay rates have yet to be discussed. The union is waiting for AC to get back to them.
2. It took Management a while to get use to ALPA and learning how to actually bargain.

The first few months were a brick wall as they thought it would be like ACPA and they could just tell them what to do and the Union would simply agree

Personal opinion - 99.9% no TA (agreement) by June 1. Rumours Management wants to call an impasse June 1.
Comment by 82Supra on May 18, 2024 10:17am
Finally a useful post
Comment by Veecee1 on May 18, 2024 11:16am
Some more interesting comments from ACPilot  from my post on SW, regarding Porter planes engine troubles and reducing capacity, also compensation for AC from Pratt and Whitney https://stocktwits.com/veecee1/message/573311652
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