DO YOU NOT REALIZE HOW MANY PEOPLE WOULD LOSE THEIR JOBS? WHAT IMPACT AIR CANADA GOING UNDER WOULD HAVE ON THE CANADIAN ECONOMY...seeing as how auto sales and house sales have already slowed down?!?
Actually, Nortel laid off MORE employees betw 2000 & 2002 than AC
currently has in total employees. Those 40k+ Nortel FTE's were based primarily in YOW
....and yet the YOW
economies continue to do fine.
shut down tomorrow, the national economy will barely feel anything. The AC
FTE's are widely distributed across the country, ie, no city will be hit hard. The other airlines will quickly ramp up hiring and realistically within 1-2 years there could be MORE airline jobs than when AC
existed. Moreover, the many creditors would be able to seize the assets and sell them....which would generate addl wealth for Cdn creditors (ie, assets held by a bankrupt company like AC
operating under a CH
-11 like scenario are effectively non-performing assets). So effectively, the continued operation of AC
is MORE of a drag on the Cdn economy than would be its liquidation. Food for thought.....
I dumped at the gybe mark in strong winds when I looked up at a Porter Q400 on finals. Can't stop spotting.