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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 > down to the wire
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Post by Veecee1 on Sep 12, 2024 10:38am

down to the wire

(Bloomberg) -- Air Canada is asking the federal government to intervene as early as Saturday to request arbitration ahead of a potential strike by pilots at the country’s largest airline.

“Our goal is to reach a deal, but if there is no conclusion by Saturday, we ask the government to be ready to intervene to avoid these disruptions for Canadians,” Air Canada spokesman Christophe Hennebelle said Thursday in a phone interview. Arbitration is “a path that seems reasonable.”

The airline and the union are planning to meet Thursday, though Hennebelle said there’s no certainty of reaching an agreement “because the union refuses to moderate its wage demands.”

The pilots’ union didn’t immediately respond to requests for comment, but has said it’s pushing to close a wage gap with its US industry peers. The office of Canadian Labor Minister Steven MacKinnon said in an emailed statement that it’s committed to the collective bargaining process.

Air Canada offered to boosts the pay of pilots by about 30% within the next three years. The pilots haven’t received a raise since last year. The union will be in a position to issue a 72-hour strike notice on Sunday. Air Canada would be able to issue a lockout notice at the same time if there’s no deal.

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