Sponsor Message:
Civil Aviation Forum
My Starred Topics | Profile | New Topic | Forum Index | Help | Search 
Canadian Airlines  
User currently offlineJAL From Canada, joined Apr 2000, 5083 posts, RR: 8
Posted (13 years 3 months 1 week 3 days 2 hours ago) and read 959 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 3 months 1 week 3 days 2 hours ago) and read 912 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 3 months 1 week 3 days 1 hour ago) and read 898 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 3 months 1 week 3 days 1 hour ago) and read 889 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 3 months 1 week 2 days 17 hours ago) and read 855 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, 5083 posts, RR: 8
Reply 5, posted (13 years 3 months 1 week 2 days 1 hour ago) and read 827 times:

CP was in my opinion better than AC.


Work Hard But Play Harder
User currently offlineCPDC10-30 From United Kingdom, joined Feb 2000, 4776 posts, RR: 24
Reply 6, posted (13 years 3 months 1 week 2 days 1 hour ago) and read 825 times:

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

User currently offlineJAL From Canada, joined Apr 2000, 5083 posts, RR: 8
Reply 7, posted (13 years 3 months 1 week 2 days ago) and read 814 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, 2770 posts, RR: 18
Reply 8, posted (13 years 3 months 1 week 2 days ago) and read 811 times:

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



Expanding my global domination one spotter at a time..
User currently offlineAC320 From , joined Dec 1969, posts, RR:
Reply 9, posted (13 years 3 months 1 week 2 days ago) and read 808 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.


Click for large version
Click here for full size photo!

Photo © Felix Sieder



Top Of Page
Forum Index

This topic is archived and can not be replied to any more.

Printer friendly format

Similar topics:More similar topics...
Canadian Airlines Charity Flights For The Make A W posted Sat Dec 24 2005 17:26:03 by AIRCANL1011
Where Would Canadian Airlines Be Today? posted Wed Nov 9 2005 08:35:17 by RicardoFG
Canadian Airlines "Proud Wings" posted Mon Aug 8 2005 19:45:02 by DFORCE1
Was Canadian Airlines Part Of An Airline Alliance? posted Fri Feb 4 2005 00:08:17 by Cyprus
Canadian Airlines? posted Wed Jun 9 2004 15:49:22 by Zweed
Canadian Airlines posted Mon Jun 7 2004 16:42:49 by GOTbound
Canadian Airlines Possible Future Fleet? posted Wed Apr 14 2004 10:29:53 by Fiedman
Use Of Canadian Airlines Int'l Name posted Wed Mar 24 2004 20:44:00 by YVRtoYYZ
Canadian Airlines Pround Wings DC-10? posted Tue Mar 2 2004 05:04:10 by Fiedman
What If? - Canadian Airlines posted Thu Jan 22 2004 13:04:21 by Fiedman