After months and months of bankruptcy protection, Air Canada already is going from bad to worse with a prime investor walking away and persistent union troubles. Not to mention that staggering debt load.
Now, what about Zip, the LCC subsidiary and Jazz the regional carrier? I believe they are separate companies from AC, although AC owns the both of them.
If AC should liquidate, which is becoming more likely with each passing day, what is going to happen with Jazz and Zip? Will they both be dragged down, throwing their pilots and staff out of work along with their mainline counterparts? Or will we see them grow into a viable international carrier, with Zip being the LCC as it always has, and Jazz into the mainline? However, I'm not sure if "Jazz" would be such a good name for an international carrier, IMO!
Please keep in mind that Tango does not exist anymore except as a fare class. I know a few of AC's planes are still painted in Tango colors, but that's to promote the low Tango fares.