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Transport committee It is clear and plain to us. Let me add something in relation to jobs. We're talking about 4,500 jobs. But if you observe how Air Canada has been managed since ACE came into being, you will see that everything has been sold piece by piece. For example, the company wants to get r
March 8th, 2011Committee meeting
Serge Gélinas
Transport committee The act is written clearly and it's the Minister of Finance who has to administer it and enforce it. He is the one who was designated in 1989 by order in council as the one responsible for the act. The proof we are giving you is found in Bill C-129 which was passed in 1988. In ou
March 8th, 2011Committee meeting
Serge Gélinas
Transport committee Yes. If we observe Aveos' history, it is "financial spaghetti". So if Aveos is ever included in the act, Air Canada and Aveos are immediately going to create another entity. They will sell the maintenance bases again, and so on. We think the act is clear: Air Canada has to be the
March 8th, 2011Committee meeting
Serge Gélinas
Transport committee You say things are going well for the shares. In reality, Air Canada shareholders have lost a lot of money.
March 8th, 2011Committee meeting
Serge Gélinas
Transport committee I'm going to try to answer as briefly as possible. You seem to be concerned about the shareholders. Air Canada shares have gone from $20 in 2006 to $2.50 today. Given that Air Canada is 75% owned by Canadians, it is Canadians who have lost huge amounts of money. Where did that m
March 8th, 2011Committee meeting
Serge Gélinas
Transport committee Obviously safety is going to suffer.
March 8th, 2011Committee meeting
Serge Gélinas
Transport committee For sure...
March 8th, 2011Committee meeting
Serge Gélinas
Transport committee Safety is going to decline, for sure. So there will be greater possibilities of a plane crash or accident. If an accident were to happen, as happened with Swissair or other companies, the shares wouldn't be worth anything.
March 8th, 2011Committee meeting
Serge Gélinas
Transport committee It will be until 2013.
March 8th, 2011Committee meeting
Serge Gélinas
Transport committee I just want to tell you who we represent. If I'm mistaken, tell me. There was a meeting where we explained to our district members the political efforts that are underway. Everyone from everywhere in Canada had a meeting. There was the district and the Canadian Grand Lodge. They
March 8th, 2011Committee meeting
Serge Gélinas
Transport committee I think that Aeroman in El Salvador now has six hangars for airplane maintenance. Given the size of the land it owns, the company could have 16 hangars. If that were the case, it would amply cover all the maintenance done in Canada for Air Canada and other potential customers.
March 8th, 2011Committee meeting
Serge Gélinas
Transport committee We flatly disagree with the answer Ms. Sénécal gave. What she said is false. Let's go back to 1988. I will quote two statements by people who were involved in drafting the act. First, Jim Hawkes said that "the employees' work environment, their benefits, their future, all of tha
March 8th, 2011Committee meeting
Serge Gélinas
Transport committee In 1988, we studied the essence and spirit of the act, which clearly said that Air Canada has an obligation to maintain its operational and overhaul centres in the three cities named: Montreal, Mississauga and Winnipeg. Considering what has been read to you, it is clear and plain
March 8th, 2011Committee meeting
Serge Gélinas
Transport committee Two other expert witnesses, Professor Fred Lazar, a well-known and respected economist at York University, and economist Arthur Donner appeared before the legislative committee in 1988. They stated: The new company’s private shareholders will have no other choice than to take l
March 8th, 2011Committee meeting
Serge Gélinas