Quoting planemaker (Reply 82): It is because it is a marginal number of people that decide on the edges of the modal split with regards to PD at WE are not even counting tourism revenue (Hotels/Restaurants/Concert Tickets) generated by all the visitors visiting Toronto thanks to cheap tickets (thanks to increased competition) and convenience downtown location.
[Edited 2015-11-10 08:30:42]
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Amiga500
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Tue Nov 10, 2015 4:38 pm
Yes, because businesses don't make decisions based on access to their client/supplier/partner.
:rolleyes:
Try to telecon a few meetings 'cos it doesn't make sense to fly 5 people to a supplier one day, realise it's too much hassle trying to manage them the next, then pick a different partner/supplier on down the line.
Why do you think London City is abnormally important given the size of it compared to Heathrow?
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YXXMIKE
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Tue Nov 10, 2015 5:06 pm
Quoting Amiga500 (Reply 84): Why do you think London City is abnormally important given the size of it compared to Heathrow? |
It's difficult to compare YTZ to a London or New York when thinking like Planemaker because those are major financial centres for their respective countries and a lot of the folk flying in and out of an LGA or LCY are only doing day trips or overnight trips for work. Those same people aren't worried about the ease of transit between their airplane and their office/boardroom/meeting and these same people who use those types of city airports don't care about shorter security lines or frequency of flights between major centres...it just doesn't matter to them.
YTZ expansion will be an incredibly long process given the recent change in government which will end up being dragged through the courts by PD because the fundamental questions aren't really being looked at rationally by the no side:
Does extending the runway cause safety issues or increase the chances of a catastrophic incident?
Are modern jets louder than turboprops?
Will there actually be a negative impact on property prices along the waterfront?
Is the tripartite agreement still a relevant agreement given the state of modern aviation and the advances of jet engine technology and safety? Does the spirit of the agreement still hold water is probably the better question and that's something a judge may have to determine because at present the No side (including the politicians backing it) are just looking at it from an entirely one sided and ultimately selfish way (votes/re-election/view from condo/fear of change etc).
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ytz
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Tue Nov 10, 2015 7:39 pm
Quoting YXXMIKE (Reply 85): YTZ expansion will be an incredibly long process given the recent change in government which will end up being dragged through the courts by PD because the fundamental questions aren't really being looked at rationally by the no side |
Whilst I fully support the extension, Porter or not, I fail to see how the tripartite agreement can be challenged in court. It's an agreement between three parties who own and manage the airport. What standing does a private company, not party to the agreement, have, to challenge that agreement?
Such a suit wouldn't survive past the first filing.
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Viscount724
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Wed Nov 11, 2015 3:08 am
Quoting YXXMIKE (Reply 85): Quoting Amiga500 (Reply 84):
Why do you think London City is abnormally important given the size of it compared to Heathrow?
It's difficult to compare YTZ to a London or New York when thinking like Planemaker because those are major financial centres for their respective countries and a lot of the folk flying in and out of an LGA or LCY are only doing day trips or overnight trips for work. |
And Toronto is by far Canada's major financial centre.
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planemaker
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Wed Nov 11, 2015 2:02 pm
It is indeed but people should put it in perspective as it is dwarfed in every measure by the two other cities people reference.
Quoting Amiga500 (Reply 84): Try to telecon a few meetings 'cos it doesn't make sense to fly 5 people to a supplier one day, realise it's too much hassle trying to manage them the next, then pick a different partner/supplier on down the line.
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Your response to my comment: "Not when it is business travel", doesn't apply.
Quoting AirbusCanada (Reply 83): WE are not even counting tourism revenue (Hotels/Restaurants/Concert Tickets) generated by all the visitors visiting Toronto thanks to cheap tickets (thanks to increased competition) and convenience downtown location. |
You may not be counting but I have been all along... and PD's " net" economic impact is indeed "marginal".
First things first. The Economic Impact Study that PD bandies about to burnish their cred has Billy Bishop contributing less than two tenths of 1% to the City of Toronto's economy and employment numbers - and that is at face value. And economists disputed even those "marginal" numbers for several reasons, including the use of unsupported multipliers and estimates. The result is that on a per pax basis, the study has Billy Bishop contributing three times as much as London City Airport, for example.
So, using Ports Toronto's numbers, PD's economic impact is a subset of those already "marginal" numbers... and that is even before looking at PD's " net" economic impact numbers which are obviously even much lower.
Quoting YTZ (Reply 86): I fail to see how the tripartite agreement can be challenged in court. It's an agreement between three parties who own and manage the airport. What standing does a private company, not party to the agreement, have, to challenge that agreement? |
It would appear some people on here think that all that has to be done is extend the runways and they're done... and that a private company can force that through the courts. In any case, the environmental assessment on its own might sink the whole bid for jets.
Nationalism is an infantile disease. It is the measles of mankind. - A. Einstein
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INFINITI329
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Wed Nov 11, 2015 2:40 pm
Quoting AirbusCanada (Reply 81):
Quoting infiniti329 (Reply 80):
xactly... the net economic impact is marginal.
You quoted me wrong. Was not my statement
[quote=YXXMIKE,reply=85]t's difficult to compare YTZ to a London or New York when thinking like Planemaker because those are major financial centres for their respective countries |
As a Canadian, I'm shocked that you believe Toronto isn't the financial center of Canada.
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planemaker
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Wed Nov 11, 2015 3:12 pm
Quoting infiniti329 (Reply 89): As a Canadian, I'm shocked that you believe Toronto isn't the financial center of Canada. |
Well, it does say something about not being able to comprehend the importance and dynamics of the Eastern Triangle. 
Nationalism is an infantile disease. It is the measles of mankind. - A. Einstein
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YXXMIKE
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Wed Nov 11, 2015 3:15 pm
Quoting infiniti329 (Reply 89): As a Canadian, I'm shocked that you believe Toronto isn't the financial center of Canada. |
Sorry - meant financial services centre, in the same way London is the financial services centre to the UK and Edinburgh is the Financial & Insurance centre for Scotland.
Quoting YTZ (Reply 86): Such a suit wouldn't survive past the first filing. |
Canadian Law is a funny thing and could get drawn out very easily. Wording in that agreement will determine what legs it may have in the courts. Things such as the "spirit of the agreement is no longer valid" - e.g. this was written when noise from aircraft was at XYZ decibels. So in my uninformed/lowly opinion this has a lot more legs than what we are currently reading in the news and hearing from politicians.
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Amiga500
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Wed Nov 11, 2015 3:18 pm
Quoting planemaker (Reply 88): Your response to my comment: "Not when it is business travel", doesn't apply. |
Maybe in your little world.
Meanwhile, in reality, it very much applies.
Make it harder to do business and some people will look elsewhere. A subset of those actually will go elsewhere.
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planemaker
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Wed Nov 11, 2015 3:31 pm
Your resorting to petty insults, particularly when your point is incorrect, demonstrates the underlying quality of your responses.
No it doesn't with the Island Airport... and that is what this discussion is about. And you have shown you know very little about the Island Airport.
Nationalism is an infantile disease. It is the measles of mankind. - A. Einstein
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Amiga500
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Wed Nov 11, 2015 4:20 pm
Yes it does apply.
Maybe you can't grasp the reasons, but that doesn't mean they aren't there.
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planemaker
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Wed Nov 11, 2015 7:41 pm
Quoting Amiga500 (Reply 95): Yes it does apply.
Maybe you can't grasp the reasons, but that doesn't mean they aren't there. |
If at all true, then it should be very easy for you to at least list some of the reasons you claim why business people would NOT travel to Toronto if PD did not exist.
And more germane to this discussion, how the impact of any business people that would NOT travel to Toronto because PD didn't exist, would be more than marginal to the already marginal PD impact numbers.
Nationalism is an infantile disease. It is the measles of mankind. - A. Einstein
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yyz717
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Thu Nov 12, 2015 1:57 am
Quoting YXXMIKE (Reply 91): Sorry - meant financial services centre, in the same way London is the financial services centre to the UK and Edinburgh is the Financial & Insurance centre for Scotland. |
The UK magazine "The Banker" ranked Toronto as the 2nd largest financial centre in North America (after NYC of course) and the 6th largest in the world.
That's nothing to sneeze at. 
I dumped at the gybe mark in strong winds when I looked up at a Porter Q400 on finals. Can't stop spotting.
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longhauler
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Thu Nov 12, 2015 3:34 am
Quoting planemaker (Reply 95): And more germane to this discussion, how the impact of any business people that would NOT travel to Toronto because PD didn't exist, would be more than marginal to the already marginal PD impact numbers. |
I have to agree with planemaker here. I can't imagine any substantial business chosing not to deal in Toronto, simply because the runways at the city airport were not extended ... and refused to fly in a Q400!
Especially considering:
Quoting yyz717 (Reply 96): The UK magazine "The Banker" ranked Toronto as the 2nd largest financial centre in North America (after NYC of course) and the 6th largest in the world. |
And, as for whether Porter would generate additional tourist business if they had jet aircraft, that's a tough one to quatify. To think that, one would have to assume people are sitting at home looking for places to fly, and think ... "Gee, I can fly on a jet to downtown Toronto, let's go there". (Because flying into YYZ, taking a train, bus or automobile or even flying in a Q400 would be out of the question).
But I guess this discussion really come's down to the viability of two Toronto/Canada "darlings". Porter Airlines and would they survive without jet aircraft? ... and Bombardier with the CSeries and would they survive without the Porter order?
I am guessing yes to both. If Porter is viable/profitable now, then they will still be here whether they get jet aircraft or not. And the Bombardier CSeries? I don't think the Porter order neither guarantees nor dooms its survival.
Just because I stopped arguing, doesn't mean I think you are right. It just means I gave up!
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planemaker
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Thu Nov 12, 2015 5:30 am
Quoting longhauler (Reply 97): Porter Airlines and would they survive without jet aircraft? |
"Survive without jet aircraft" is an interesting question, and obviously time will tell. Jets would certainly solve some to the headwinds they face. Having the lion's share of slots at the Island Airport has been an obvious advantage, but on the other hand, the slot limits are turning out to be a bit of a competitive straitjacket. PD has to maintain frequency on the eastern triangle which limits the ability to add new destinations from the Island Airport. As well, PD hasn't increased its fleet since it took it 26th aircraft in 2012. And during the past year a growing Encore has ramped up competition in the east on PD routes such as Toronto-Thunder Bay, Toronto-Quebec City, Toronto-Halifax, Ottawa-Halifax, Ottawa-Moncton, Halifax-St.John's and next year Toronto-Boston and Halifax-Boston. Encore's fleet is already just one shy of PD's. The sale of the terminal was presented as a competitive move and not be a terminal operator but others believe it was done in order to buy some head room until they could get some jets as that would allow them to increase capacity with the same number of slots while picking up higher yielding routes beyond the range of the Q400.
Nationalism is an infantile disease. It is the measles of mankind. - A. Einstein
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YXXMIKE
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Thu Nov 12, 2015 8:42 am
Quoting planemaker (Reply 98): The sale of the terminal was presented as a competitive move and not be a terminal operator but others believe it was done in order to buy some head room until they could get some jets as that would allow them to increase capacity with the same number of slots while picking up higher yielding routes beyond the range of the Q400. |
This article is probably worth a read; not far off on what you've said about the sale of terminal in that it gave PD a chance to be debt free and strengthen the balance sheet for the airline. Deluce's comment about being the one company who could really strengthen BBD is a bit far fetched; even for me.
http://business.financialpost.com/ne...pansion-as-it-enters-debt-free-era
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