dannyboy
Posts: 82
Joined: Wed Aug 24, 2005 1:50 am

Canadian Regional New Owner

Thu May 04, 2000 5:25 am

Just an interesting piece of info, I was speaking with an AA crew the other day in Calgary and they told me that American Airlines now owns the patent to the name CANADIAN EAGLE. According to the AA crew, American has shown interest in purchasing Canadian Regional so they could have a feed in the Canadian marketplace. I would like to know how they will do this given the foreign ownership laws (unless something is up with Gerry Schwartz/Onex, which I doubt, or what kind of local company they will set up to allow this kind of a transaction. Who knows, maybe the Canadian name will still be flying around Canada afterall!  There is also rumor that BA may want in on this so-called deal (a oneworld partnership?). I know it's not fair to speculate, but it is an interesting concept. Mind you I'd rather not be owned by an American company. The first thing I see happening is a further deterioration of service levels to the US standard and not much of a pay increase 
 
slawko
Posts: 3742
Joined: Tue May 25, 1999 7:40 am

RE: Canadian Regional New Owner

Thu May 04, 2000 7:51 am

I am all for AA and OneWorld wanting some kind of Canadian partner....but I am strongly opposed to having an American Airline owning a Canadian Airline, they did it with CP and thank god that they were not allowed to take them over all together. If AA and BA are looking for a Canadian Partner, then let them go after Canada 3000 they could just as easily together purchase 35% of C3 and provide the capital for C# to expand it's sched operations, and maybe even purchase CRA. But AA to buy CRA and Call it Canadian Eagle!!!! Give me a break, I would like to see how many americans would let Air Canada take over an airline like Air Tran and change it's name to something like Maple Leaf Air, or operate it under the Air Ontario brand name and plaster a big RED MAPLE LEAF on the tail......
"Clive Beddoe says he favours competition, but his actions do not support that idea." Robert Milton - CEO Air Canada
 
Samurai 777
Posts: 2000
Joined: Thu Jan 27, 2000 2:56 pm

RE: Canadian Regional New Owner

Thu May 04, 2000 9:20 am

That's interesting, Dannyboy. But I haven't heard anything even remotely related to Canadian Regional's sale for a long time. Something tells me there are things going on behind closed doors! I thought they're still bickering over the selling price of CRA. I'd rather see CRA still being Canadian-owned than see it become Americanized regional operating within Canada.

If AA does buy up CRA, then add one more to the list of Canadian companies that have in effect lost Canadian citizenship.

As the Molson ad says, I AM CANADIAN!!!!!!!!!!!!!!

And so is Canadian Regional!
 
slawko
Posts: 3742
Joined: Tue May 25, 1999 7:40 am

Right On Samurai 777!

Thu May 04, 2000 9:59 am

 
"Clive Beddoe says he favours competition, but his actions do not support that idea." Robert Milton - CEO Air Canada
 
AC183
Posts: 1496
Joined: Tue Jul 06, 1999 10:52 am

Rumours...

Thu May 04, 2000 10:16 am

Yeah, I'd heard that AA trademarked the Canadian Eagle name, but they need to find a partner to buy it. That rumour has been around a while.

I have also heard a rumour that First Air was looking at buying it. I would think that would be backed by AC if AC gets another bidder actually wanted it as then AC could keep the feed and have their partnership with 7F expand. But that's just my speculation to add to the First Air rumour.

On the topic of news about Canadian Regional, there was an TV interview today with Mr. Collenette, Minister of Transport, who said it would indeed have to be offered for sale, although the unions representing CRAL had stated today that they wanted that conditions scrapped. Actually CRAL employees have been very vocal about wanting to come to AC's regionals, so much so that I've even heard talk about their employees discussing ways of scuttling any deal.

Also interesting in the mess with BA's allegations there was mention in the papers today that they were looking at possible Canadian partners and I believe they said they may announce something in 4 to 6 weeks. Having heard nothing from CanJet in a while, it wouldn't surprise me if AA and BA were talking to IMP Group, but that's just my thoughts. I don't think WJ would be possible because it flies to YHM, but an upgraded version of Royal or Canada3000 could also be of some interest, although they would need to change their strategy a lot to go that way. If oneworld offered them a really good commercial agreement, though....

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