CRJ900X From Canada, joined Dec 2006, 197 posts, RR: 0 Posted (7 years 1 month 3 weeks 5 days 14 hours ago) and read 3174 times:
According to airlinersgallery.com, Air Canada (Jazz) has ordered 15 CRJ705's and 15 CRJ200's. I have checked the Bombardier website and the Air Canada website and have not found any confirmation from either of those websites. Would the CRJ705's allow for expansion of the network and the CRJ200's replace the older -100 models??
Pnwtraveler From Canada, joined Jun 2007, 2280 posts, RR: 12
Reply 3, posted (7 years 1 month 3 weeks 5 days 13 hours ago) and read 2988 times:
These aircraft have all been delivered and are in service under Jazz. Todays papers in YYZ have articles reaffirming the parent company of AC wanting to sell all or portions of Jazz and the frequent flyer program Aeroplan. Aeroplan is actively seeking other FF programs to manage/buy. There are unsubstantiated rumours of Jazz buying new CRJ200's to replace the older 100's and some Dash aircraft, Q400 to replace some of the older Dash aircraft etc. etc. But with Jazz up for sale it may be pretty unrealistic to be purchasing new aircraft at this point.
Yyz717 From Canada, joined Sep 2001, 16335 posts, RR: 56
Reply 4, posted (7 years 1 month 3 weeks 5 days 12 hours ago) and read 2795 times:
That was definitely an old article. Jazz has no aircraft on order which is surprising given their strong traffic growth in the past year, their strong operating margin, the good economy and the fact that much of their fleet is aging.
The Jazz fleet consists of 15 CR-705, 24 CRJ1, 33 CRJ2, and 62 Dash8-100/300. Orders for CR9, CR-705, CR7, CRJ2 and/or Q400 seems a likely next step, along with the retirement of some of the older Dash 8-100 and CRJ1.
Quoting AS739X (Reply 2): The CRJ-200 is not built anymore, correct?
The CRJ-200 is still in production although of course orders have dwindled substantially. Bombardier has been marketing a corporate version of the CRJ2 (Challenger 850) which has accounted for most of the deliveries in the past year.
Panam, TWA, Ansett, Eastern.......AC next? Might be good for Canada.
9252fly From Canada, joined Sep 2005, 1402 posts, RR: 0
Reply 7, posted (7 years 1 month 3 weeks 5 days 7 hours ago) and read 2452 times:
Quoting Pnwtraveler (Reply 3): There are unsubstantiated rumours of Jazz buying new CRJ200's to replace the older 100's and some Dash aircraft, Q400 to replace some of the older Dash aircraft etc. etc. But with Jazz up for sale it may be pretty unrealistic to be purchasing new aircraft at this point.
I can't see why Jazz would want new build CRJ200's when they are readily available from lessors/owners that currently have them in storage at attractive rates. Jazz will need to replace those Dash 8 100's as they are getting very old. Considering that they are 37 seat aircraft,one would think that an order for the DH8 300 with 50 seats would make sense since the pilots get paid the same no matter what aircraft they fly. Mind you,I would really like to see the DH8 400 added to the fleet,then again,I'm not holding my breath.
Quoting CRJ900 (Reply 5): Will Jazz be difficult to sell? I'm assuming that AC will place restrictions on routes the new owner can fly, and flight crews will want to keep their current benefits and agreements...?
Nothing is too difficult to sell at the right price. Considering the initial IPO was $10.00,the upcoming sale will be priced at about $7.50. Hardly impressive to the original buyers! ACE current holding is 49% and will drop to 20.1% after the current share offering(Same 20.1% applies to Aeroplan). Air Canada has a CPA(Capacity Purchase Agreement) with Jazz to provide lift at a predetermined ASM until about 2015 and all conditions remain the same,except for the rumoured renegotiation of the rates next year. Those rates are likely to go down rather than up,putting further pressure on the Jazz Income Fund share price.
ACE has holdings in Jazz,Aeroplan and ACTS(recently monetized through a majority sale to a private equity firm). With the unwinding of ACE by next spring,it will be rather interesting to see how Air Canada will be structured. Will they take control of the minority 20.1% holdings. This is all a prelude to 2009 and the implications of having to renegotiate all those union contracts. I would say that the AC is likely to be in a rather pleasant position as the new owners will have to bargain with all those units that were monetized.