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Dominion301 Dec 30, 2022 3:26 AM

Quote:

Originally Posted by thenoflyzone (Post 9826823)
Sunwing canceling YXE and YQR ops until Feb 3.

https://canadianaviationnews.wordpre...egina-flights/

Not enough pilots due to what it sounds like are changes to the temporary foreign worker rules for WG's winter peak additional lift that they normally damp lease in from Europe.

thenoflyzone Dec 30, 2022 3:31 PM

^ I think that’s part of the reason. Their current meltdown was a contributing factor as well.

Flying point to point with no hub and spoke doesn’t go well with winter snowstorms and mass cancellations.

Just look at Southwest. (Of course, southwest’s meltdown has other contributing factors as well.)

plrh Dec 30, 2022 3:51 PM

Quote:

Originally Posted by casper (Post 9825401)
I would not be worried about them going bankrupt. There is currently waiting on government approval to be taken over by WestJet. Even if they do, the credit card company would step in.

They need to do damage control and cancelling a week of travel sounds like the most prudent thing at this point.



He is a weird one. His demands are unreasonable however I think the government has been to easy on the airlines and they need to toughen up consumer protection laws.

Perhaps the answer is somewhere between Gabor Lukasz vision and where we are now.

I got my money back today. I am completely satisfied with the administration part of Sunwing and not at all satisfied with operations part of Sunwing.

thenoflyzone Dec 30, 2022 6:20 PM

Quote:

Originally Posted by casper (Post 9826590)
We don't know if it is up to date on its aircraft lease payments. If it is then it is making money for the investment firm that owns the aircraft.

That would be true if the investment firm only leased aircraft and wasn’t part owner of Flair.

That’s not the case. The investment firm - 777 partners- is part owner. So they share in the revenues/losses.

No one is making any money.

nname Dec 30, 2022 7:13 PM

Quote:

Originally Posted by thenoflyzone (Post 9827204)
That would be true if the investment firm only leased aircraft and wasn’t part owner of Flair.

That’s not the case. The investment firm - 777 partners- is part owner. So they share in the revenues/losses.

No one is making any money.

Boeing is.

Flair took delivery many of those NTU Max8s that Boeing desperately trying to get rid of...

casper Dec 30, 2022 8:17 PM

Quote:

Originally Posted by thenoflyzone (Post 9827204)
That would be true if the investment firm only leased aircraft and wasn’t part owner of Flair.

That’s not the case. The investment firm - 777 partners- is part owner. So they share in the revenues/losses.

No one is making any money.

The liabilities don't necessarily become the responsibility of the shareholders unless they co-signed. If Flair is paying the lease payments and 777 partners does not have to inject more cash their losses are limited. That said I don't know who is providing cash to keep this "business" a float.

If 777 partners is continuing to loan money to Flair then perhaps they are not as bright as I thought.

thenoflyzone Dec 31, 2022 6:07 PM

777 partners is parking brand new Flair 737 Max’s in the desert and can’t find buyers for some of them. Don’t think that sounds like a “bright” strategy.

https://www.theglobeandmail.com/busi...demand-canada/

Quote:

Flair’s U.S. investor, 777 Partners of Miami, recently sold five new 737 Max 8 aircraft painted in Flair colours to Babcock & Brown Aircraft Management, a company partly held by WestJet owner Onex Corp. WestJet declined to lease or buy the planes from Babcock & Brown because of the cost of refitting the planes to WestJet’s specifications, which include first-class seating sections, according to two people familiar with the matter. The Globe is not naming them because they are not authorized to speak publicly on the matter.

WestJet declined to comment. Babcock & Brown, which is marketing the jets, did not respond to a request for comment.

Babcock & Brown also purchased from 777 Partners two 737s built for Bonza Aviation, an Australian airline startup owned by the Miami investor.

Another three Flair 737s owned by 777 Partners were offered for sale but found no buyers, and the planes are parked in Arizona. Flair referred questions on the sale to 777 Partners, which did not respond to e-mails.

casper Dec 31, 2022 7:31 PM

Quote:

Originally Posted by thenoflyzone (Post 9827921)
777 partners is parking brand new Flair 737 Max’s in the desert and can’t find buyers for some of them. Don’t think that sounds like a “bright” strategy.

https://www.theglobeandmail.com/busi...demand-canada/

If this is true it means WestJet does not see the point of adding more aircraft to their swoop operation. That part of the company is not going to require major aircraft re-configuration.

I think this means Flair can't take on more aircraft. Perhaps now it needs to focus on trying to make money with the aircraft it already has.

Base Dec 31, 2022 8:11 PM

Nice to see perhaps Flair levelling off their fleet size a bit. Focus on executing and being successful without it being full out growth.

whatnext Jan 1, 2023 12:31 AM

Quote:

Originally Posted by Base (Post 9827990)
Nice to see perhaps Flair levelling off their fleet size a bit. Focus on executing and being successful without it being full out growth.

Problem is, that profitability date is likely to be Never. Look at Porter's record of not having an operating profit in 15 years!

Dominion301 Jan 1, 2023 3:16 PM

Quote:

Originally Posted by whatnext (Post 9828087)
Problem is, that profitability date is likely to be Never. Look at Porter's record of not having an operating profit in 15 years!

That’s false. They made money (net profit) at least a couple of years and that’s not counting from real estate. Deluce is on record as saying 2020 was going to be their best year ever. Then covid hit. Also having an operating profit is much easier to achieve than net.

If only one of the airlines survives that aren’t named AC or WS, I would want that to be PD.

hehehe Jan 1, 2023 7:48 PM

Quote:

Originally Posted by Dominion301 (Post 9828223)
That’s false. They made money (net profit) at least a couple of years and that’s not counting from real estate. Deluce is on record as saying 2020 was going to be their best year ever. Then covid hit. Also having an operating profit is much easier to achieve than net.

If only one of the airlines survives that aren’t named AC or WS, I would want that to be PD.

I think the vast majority of people on here would much prefer PD than any ULCC to survive. The question is if they can fully return to and even exceed that pre pandemic potential while being able to afford the rapid expansion (but their network/connections and higher frequencies are definitely something they need to become attractive on these new routes)

hehehe Jan 1, 2023 9:22 PM

By the way AC is abruptly ending YYZ-DOH on the 29th of this month, and the QR codeshare is already gone. Wonder why?

nname Jan 1, 2023 9:26 PM

Quote:

Originally Posted by hehehe (Post 9828336)
By the way AC is abruptly ending YYZ-DOH on the 29th of this month, and the QR codeshare is already gone. Wonder why?

Already saw them remove DOH for W23. Looks like they decide to end it much earlier.

I guess with the agreement with EK, and the world cup finished, they don't need DOH anymore?

Maybe with China opens up, they probably want to find some planes to fly to China for S22, and they feel it's much more profitable to fly to PEK/PVG than DOH?

I'm actually surprised there's a schedule update this week. There was usually no update until the second week of January... I guess someone from AC planning department worked during the Christmas break.

thenoflyzone Jan 2, 2023 2:23 AM

Will be interesting to see how this all plays out. I don’t think this is about China.

Our transport minister has been busy visiting with Qatari and U.A.E officials. Let’s see what develops.

whatnext Jan 2, 2023 3:31 AM

Quote:

Originally Posted by Dominion301 (Post 9828223)
That’s false. They made money (net profit) at least a couple of years and that’s not counting from real estate. Deluce is on record as saying 2020 was going to be their best year ever. Then covid hit. Also having an operating profit is much easier to achieve than net.

If only one of the airlines survives that aren’t named AC or WS, I would want that to be PD.

Something was “going to be their best year ever” from a private company that doesn’t make their finances publicly available? Forgive my skepticism.
The 15 years without an operating profit came out during their legal wrangling with the new operators of YTZ.

Canada has market for 2 to 2.5 domestically based airlines. Anything more just ends up dragging down the whole industry.

Dominion301 Jan 2, 2023 4:10 AM

Quote:

Originally Posted by whatnext (Post 9828482)
Something was “going to be their best year ever” from a private company that doesn’t make their finances publicly available? Forgive my skepticism.
The 15 years without an operating profit came out during their legal wrangling with the new operators of YTZ.

Canada has market for 2 to 2.5 domestically based airlines. Anything more just ends up dragging down the whole industry.

When you think about it, we have far more than two scheduled airlines. It's just that most stick to their niches and don't step on the toes of the 'big boys' too much...but TS sure does across the Atlantic...to the point where they're completely oblivious to any market potential beyond YUL, YYZ & YQB.

I get what you're saying though. There's room for 2 or 3 global carriers. Right now there's a pile of competition. At some point there will either be consolidation of bankruptcies.

Dominion301 Jan 2, 2023 4:13 AM

YOW's November 2022 pax stats:

Sector Nov-21 / Nov-22 / % Change
Dom: 143,880 / 228,252 / +58.6%
TB: 3,790 / 27,541 / +626.7%
Int'l: 3,642 / 15,773 / +333.1%
TTL: 151,312 / 271,566 / +79.5%

Sector YTD 2021 / YTD 2022 / % Change
Dom: 978,052 / 2,473,267 / +152.9%
TB: 3,950 / 152,077 / +3,750.1%
Int'l: 3,642 / 58,495 / +1,506.1%
TTL: 985,644 / 2,683,839 / +172.3%

Month-Over-Month Change
Sector Oct-21 / Nov-21 / % Change
Dom: 281,971 / 228,252 / -19.1%
TB: 17,567 / 27,541 / +56.8%
Int'l: 0 / 15,773 / #DIV/0!
TTL: 299,538 / 271,566 / -9.3%
Avg/Day: 9,663 / 9,052 / -6.3%
% of month's 2019 traffic of 13,990 pax/day: 64.7% = -4.4% vs October's recovery
YTD TTL vs 2019 = 57.3%

12 Months Rolling / % Change vs Year End 2020
Dom: 2,639,165 / +155.7%
TB: 159,369 / -2.3%
Int'l: 70,450 / -58.2%
TTL: 2,868,984 / +110.4%

whatnext Jan 2, 2023 4:21 AM

Quote:

Originally Posted by Dominion301 (Post 9828490)
When you think about it, we have far more than two scheduled airlines. It's just that most stick to their niches and don't step on the toes of the 'big boys' too much...but TS sure does across the Atlantic...to the point where they're completely oblivious to any market potential beyond YUL, YYZ & YQB.

I get what you're saying though. There's room for 2 or 3 global carriers. Right now there's a pile of competition. At some point there will either be consolidation of bankruptcies.

Yes, exactly. To simplify, back in the Seventies there was AC, CP and PWA plus some charter and local carriers. Then we had AC, Canadian and Canada 3000. Every time this balance gets thrown off we have a carrier collapse and turmoil in the industry.

Calfan12 Jan 2, 2023 9:13 PM

CHINA EASTERN RESUMES VANCOUVER PASSENGER SERVICE IN 1Q23

China Eastern in late-January 2023 plans to resume Shanghai Pu Dong – Vancouver passenger service, scheduled with Airbus A350-900XWB aircraft. The Skyteam member plans to operate this route once weekly from 23JAN23.

Following schedule is effective 23JAN23 – 06MAR23.

MU581 PVG1330 – 0810YVR 359 1
MU582 YVR1220 – 1705+1PVG 359 2

China Eastern previously operated Vancouver passenger service from Nanjing until May 2021.

https://www.aeroroutes.com/eng/230102-muyvr


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