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Canadian Airlines  
User currently offlineJAL From Canada, joined Apr 2000, 5084 posts, RR: 8
Posted (13 years 4 months 2 weeks 2 days 19 hours ago) and read 969 times:

Just this question:
Why didn't Canadian OneWorld partners help Canadian ?


Work Hard But Play Harder
9 replies: All unread, jump to last
 
User currently offlineWatewate From Canada, joined Nov 2000, 2284 posts, RR: 1
Reply 1, posted (13 years 4 months 2 weeks 2 days 19 hours ago) and read 922 times:

Remember the foreign ownership cap? It's set at 25% and I believe AA wanted to inject more funds, but Canadian government refused to budge, so CP went down the drain. Correct me if I'm wrong.

User currently offlineCaribb From Canada, joined Nov 1999, 1637 posts, RR: 8
Reply 2, posted (13 years 4 months 2 weeks 2 days 19 hours ago) and read 908 times:

They did as much as they could. CP was deep in debt and required lots of money. Oneworld partner American helped bail them out twice if I recall correctly. They couldn't stomach a 3rd time even with the Onyx Corporation backing the bid to take over AC. They never gathered up enough interest among AA BA and QF ( or whoever) to match the Star Alliance backing of Air Canada. Then when Onyx's bid fell through they all slowly let CP go despite a code share agreement betwen AC and AA that didn't last a year if I recall.

User currently offlineSamurai 777 From Canada, joined Jan 2000, 2458 posts, RR: 4
Reply 3, posted (13 years 4 months 2 weeks 2 days 18 hours ago) and read 899 times:

You're right on the money, Watewate. But CP was also already so ill-managed financially that by the time CP's management woke up and smelled the coffee, it was too late and conditions were already set for a takeover by Air Canada. Even if Onex had successfully taken over CP, there would've been such a huge debt load that the airline might not even be able to operate properly after having to sell so many airplanes and other assets in order to satisfy the creditors - or being seized en masse by creditors. I've heard about attempted seizures of CP 744s by creditors in Hong Kong.

A lot more CP employees would've lost their jobs and many routes would have been disrupted domestically and internationally if CP were to have entered Chapter 11 while under the ownership by a non-airline company. When you think about it, it was actually better that Air Canada take CP over, even though the idea was not terribly popular with the Canadian public and CP's employees. This saves even more disruptions in airline service. There were a lot of Canadian communities which had only CP service before AC took over CP. The same went for certain international routes, such as YVR-NRT.


User currently offlineCaravelle From Norway, joined Aug 2000, 666 posts, RR: 1
Reply 4, posted (13 years 4 months 2 weeks 2 days 11 hours ago) and read 865 times:

I was very disappointed having to fly CP (thru a travel agency booking). I hope AC beats some common sense into them. AC is very good, CP is not.

- caravelle



Trains and boats and planes....
User currently offlineJAL From Canada, joined Apr 2000, 5084 posts, RR: 8
Reply 5, posted (13 years 4 months 2 weeks 1 day 19 hours ago) and read 837 times:

CP was in my opinion better than AC.


Work Hard But Play Harder
User currently offlineCPDC10-30 From United Kingdom, joined Feb 2000, 4781 posts, RR: 23
Reply 6, posted (13 years 4 months 2 weeks 1 day 18 hours ago) and read 835 times:

CP service was superior in all aspects to AC, at least in my experience.

User currently offlineJAL From Canada, joined Apr 2000, 5084 posts, RR: 8
Reply 7, posted (13 years 4 months 2 weeks 1 day 18 hours ago) and read 824 times:

CPCDC10-30,

You're very right, CP was indeed superior to AC!!


JAL



Work Hard But Play Harder
User currently offlineBO__einG From Canada, joined Apr 2000, 2771 posts, RR: 18
Reply 8, posted (13 years 4 months 2 weeks 1 day 18 hours ago) and read 821 times:

I too think that CP rules all the way..
If only they let me fly the plane...



Chance favors the prepared mind.
User currently offlineAC320 From , joined Dec 1969, posts, RR:
Reply 9, posted (13 years 4 months 2 weeks 1 day 17 hours ago) and read 818 times:

I'm going to be the odd one out and say hooray for AC, glad Canadian is gone. But hey, it's all a matter of perception, tastes and luck.


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