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 Unlimited -- Recent Daily Episodes

Episode Date

Monday

Tuesday

Wednesday

Thursday

Friday

Airborne On ANN

Airborne 05.23.16

Airborne 05.24.16

Airborne 05.25.16

Airborne 05.19.16

Airborne 05.20.16

Airborne Hi-Def On YouTube

Airborne 05.23.16

Airborne 05.24.16

Airborne 05.25.16

Airborne 05.19.16

Airborne 05.20.16

AEA2016 LIVE Aero-TV: 04/27-0830ET, 04/28-1400ET, 04/29-1100ET

Sun 'n Fun 2016 Innovation Preview on Vimeo!

Sun 'n Fun 2016 Innovation Preview on YouTube!

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

It's On! EAA/ANN Announce 2016 AirVenture Innovation Preview!

Stunningly Successful Innovation Program Drew Nearly 100,000 Eyeballs to ‘All Things AirVenture’ E-I-C Note: Our partner, the Experimental Aircraft Association, release>[...]

Airborne 05.23.16: Si2 Lands in Dayton, BellHeli Relocation, Santa Monica Update

Also: Rockwell Collins, RC Antonov AN-225, Safety Culture In Alaska, Sonic 'Thump', Drone Reg. Data, Aiming For Mars, Hawaiian Pilots The Solar Impulse-2 crew alerted ANN, early Sa>[...]

Airborne 05.23.16: Si2 Lands in Dayton, BellHeli Relocation, Santa Monica Update

Also: Rockwell Collins, RC Antonov AN-225, Safety Culture In Alaska, Sonic 'Thump', Drone Reg. Data, Aiming For Mars, Hawaiian Pilots The Solar Impulse-2 crew alerted ANN, early Sa>[...]

Anti-Icing Treatment Research Focuses On Turbine Blades And Propellers

Piedmont Propulsion Systems, Oak Ridge National Laboratory Collaborated On The Project Oak Ridge National Laboratory (ORNL) and Piedmont Propulsion Systems, LLC (PPS) recently conc>[...]

AD: Airbus Airplanes

AD NUMBER: 2016-10-08 PRODUCT: All Airbus Model A330-200 Freighter, A330-200, A330-300, A340-200, A340-300, A340-500, and A340-600 series airplanes.>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2016 Web Development & Design by Pauli Systems, LC