Red Ink Bleeds Across The Border | Aero-News Network
Aero-News Network
RSS icon RSS feed
podcast icon MP3 podcast
Subscribe Aero-News e-mail Newsletter Subscribe

** Airborne 11.24.14 ** HD iPad-Friendly -- Airborne 11.24.14 **
** Airborne 11.21.14 ** HD iPad-Friendly -- Airborne 11.21.14 **
** Airborne 11.19.14 ** HD iPad-Friendly -- Airborne 11.19.14 **

Mon, May 26, 2003

Red Ink Bleeds Across The Border

Air Canada Announces Cuts, Fleet Changes

Like many major US airlines, Canada's flagship carrier is in deep financial trouble. But there may be light at the end of the tunnel. Saturday, Air Canada's regional subsidiary reached a tentative agreement with its unions that the airline hopes will save $43 million (C$59 million). The agreement will also mean thousands of workers will lose their jobs.

"This includes no guarantees related to fleet size or job security," said Joseph Randell, head of the regional unit Air Canada Jazz, in a statement to reporters. Air Canada Jazz employees almost 4,000 workers.

Air Canada is the 11th biggest carrier in the world. Overall, it's looking to cut $550 million (C$770 million), hoping to stem the tidal wave of red ink that's costing the carrier approximately almost $3 million a day. That means more than 25% of the workforce will have to go.

The Canadian airline and its subsidiaries hope to modernize their fleets and cut operational expenses as well, by purchasing 25-30 RJs, which would each seat up to 70 passengers. Right now, Air Canada Jazz flies more than 75 turboprop aircraft and approximately 20 regional jets, all able to carry up to 50 passengers per flight.

Air Canada Jazz pilots - about 1500 of them - are scheduled to vote on the concessions next week.

FMI: www.aircanada.ca

Advertisement

More News

ANN's Daily Aero-Linx (11.26.14)

FAA Aviation Safety Information Analysis And Sharing System (ASIAS) The Federal Aviation Administration (FAA) promotes the open exchange of safety information in order to continuou>[...]

ANN's Daily Aero-Term (11.26.14): Density Altitude

Pressure altitude corrected for nonstandard temperature. Density altitude is used in computing the performance of an aircraft and its engines.>[...]

Aero-News: Quote Of The Day (11.26.14)

“We hope to never see an event like this again, but, we must be prepared." Source: FAA Administrator Michael Huerta, on the release of the agency's 30 report on the fire at t>[...]

ANN FAQ: It's Alive! ANN REALTIME NewsBug Headlines for YOUR Desktop!

It's For Real! ANN REALTIME NewsBug Released To ANN Readers, Worldwide For those of you using a windows PC (MAC version in the works... we promise), a new REALTIME News Service fro>[...]

Helicopters Still Flying Tourists Over Hudson River

But Activists Continue To Call For A Ban On The Flights A group of activists in New York and New Jersey are still working to have sightseeing flights over New York City and the Hud>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2014 Web Development & Design by Pauli Systems, LC