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i_code_and_stuff wrote:sMASH wrote:did they need all those workers from the border closure to now? if they didnt, then they should have cut that staff, at least furloughed them, until things pick back up.
Then you would have people whining, calling them evil for cutting peoples jobs in the midst of a pandemic and rolling lockdowns. They went the route of doing the opposite even though it costed a great deal of money, because the government was footing the bill.sMASH wrote:i can remember them getting subsidised for the lock down, and i said to let it bounce its losses adn shut down. then was told that we have to give them money to maintain routes. my argument is that we not going to fly any where any time soon so might as well ground the fleet and let some other airline take up the slack, or at least trim every one except maintenance to do normal down maintenance.
when things pick back up, then try to regain the routes.
They did get bailed out by the government actually, government even took up the debts that CAL was unable to repay because there was no revenue.sMASH wrote:if u could shut down petrotrin cause its a cash flow problem, then shut this one down too.
Those 2 things are not even close to being the same situation. The CAL situation over the past year was nothing compared to the debt + bleeding of money by Petrotrin on an annual basis. There was a clear future for CAL's business once borders could be reopened (remember, their losses over the past year was solely because of covid), meanwhile there was no future for petrotrin, the way it was being ran - it was absolutely unsustainable and almost criminal that it was allowed to exist for that long in that state.
And my own personal opinion: CAL is one of those things we absolutely cannot allow to go out of business, regardless of how much corruption it has at the moment
bluefete wrote:I hope CAL does not make the same mistake AA made in underestimating future demand for air travel when our border reopens.
De Dragon wrote:I don't think this GORTT gives a damn.
pugboy wrote:wonder if them employees getting continued free travel
De Dragon wrote:Hope they LIFO when they retrench.
MaxPower wrote:pugboy wrote:wonder if them employees getting continued free travel
Suspended until further notice
Gladiator wrote:How hard would it be to diversify part of CAL into a regional skybox company. Just a thought. They done have the pilots, the planes, the logistical workers and the CSRs... could be a lifeline till things go back to normal.
Gladiator wrote:How hard would it be to diversify part of CAL into a regional skybox company. Just a thought. They done have the pilots, the planes, the logistical workers and the CSRs... could be a lifeline till things go back to normal.
Gladiator wrote:How hard would it be to diversify part of CAL into a regional skybox company. Just a thought. They done have the pilots, the planes, the logistical workers and the CSRs... could be a lifeline till things go back to normal.
AlphaMan wrote:The 450 Job losses gonna cost tax payers 110 Million. I'm sure their friends and financiers getting the majority of that.
daring dragoon wrote:everybody talking about CAL everyone stop talking about covid and the 80 vials of vaccine and the USA blank we for vaccine. 2 months of lockdown once the delta + variant reach.
daring dragoon wrote:everybody talking about CAL everyone stop talking about covid and the 80 vials of vaccine and the USA blank we for vaccine. 2 months of lockdown once the delta + variant reach.
MaxPower wrote:AlphaMan wrote:The 450 Job losses gonna cost tax payers 110 Million. I'm sure their friends and financiers getting the majority of that.
Correct, and also additional funding when CAL can show efficiency and a profit projection as indicated by the Minister of Finance.
daring dragoon wrote:MaxPower wrote:AlphaMan wrote:The 450 Job losses gonna cost tax payers 110 Million. I'm sure their friends and financiers getting the majority of that.
Correct, and also additional funding when CAL can show efficiency and a profit projection as indicated by the Minister of Finance.
every man taking home $245000.00. most of we taking 2 years to make that.
daring dragoon wrote:110 million divided between the 450 persons to be retrenched is about $245000.00 a person.
Habit7 wrote:I really don't understand the beat up about this. Before covid, CAL was a success story in properly turning it around from losses to profit and new routes. Plus acquiring new aircraft. Every airline in the world got negatively affected by covid. The US already bailed out their carriers. LIAT has fired nearly everybody and there is nothing to get. IATA predicting recovery in quite 2023.
For the company to survive, they don't need the same staff they had when they were bigger than ever. They must cut.
zoom rader wrote:Habit7 wrote:I really don't understand the beat up about this. Before covid, CAL was a success story in properly turning it around from losses to profit and new routes. Plus acquiring new aircraft. Every airline in the world got negatively affected by covid. The US already bailed out their carriers. LIAT has fired nearly everybody and there is nothing to get. IATA predicting recovery in quite 2023.
For the company to survive, they don't need the same staff they had when they were bigger than ever. They must cut.
Its been proven time and time again that the red government are not very good at running a business far less for running a country .
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