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We don't have actual figures since CAL audited financials are not made public but the rate to lease a 737-800 is around USD 120,000–350,000 monthly.Duane 3NE 2NR wrote:neilsingh100 wrote:The lease on the 12 Boeing 737-800 airplanes in CAL's fleet is costing approximately TT$25 million / month so over two years that is TT$600 million not counting other cost like salaries which will most likely push cost to taxpayers into the billions.
What's the source of these figures?
neilsingh100 wrote:We don't have actual figures since CAL audited financials are not made public but the rate to lease a 737-800 is around USD 120,000–350,000 monthly.Duane 3NE 2NR wrote:neilsingh100 wrote:The lease on the 12 Boeing 737-800 airplanes in CAL's fleet is costing approximately TT$25 million / month so over two years that is TT$600 million not counting other cost like salaries which will most likely push cost to taxpayers into the billions.
What's the source of these figures?
https://www.airliners.net/forum/viewtopic.php?t=1399391
Duane 3NE 2NR wrote:neilsingh100 wrote:We don't have actual figures since CAL audited financials are not made public but the rate to lease a 737-800 is around USD 120,000–350,000 monthly.Duane 3NE 2NR wrote:neilsingh100 wrote:The lease on the 12 Boeing 737-800 airplanes in CAL's fleet is costing approximately TT$25 million / month so over two years that is TT$600 million not counting other cost like salaries which will most likely push cost to taxpayers into the billions.
What's the source of these figures?
https://www.airliners.net/forum/viewtopic.php?t=1399391
But that does not give any consideration to negotiations CAL has made with the lessor.
Most cargo coming in (including skyboxes) still use CAL freighter service. Also cargo out to the Caribbean is CAL.
If anything the airbridge between Trinidad & Tobago will be the biggest losses as that's expense without a way to recoup.
Most of the fleet cost is for the 12 leased 737-800s not the ATRs.Dizzy28 wrote:Cal owns the ATRs though (except the plain coloured one I think). No lease payments there just maintainanceDuane 3NE 2NR wrote:neilsingh100 wrote:We don't have actual figures since CAL audited financials are not made public but the rate to lease a 737-800 is around USD 120,000–350,000 monthly.Duane 3NE 2NR wrote:neilsingh100 wrote:The lease on the 12 Boeing 737-800 airplanes in CAL's fleet is costing approximately TT$25 million / month so over two years that is TT$600 million not counting other cost like salaries which will most likely push cost to taxpayers into the billions.
What's the source of these figures?
https://www.airliners.net/forum/viewtopic.php?t=1399391
But that does not give any consideration to negotiations CAL has made with the lessor.
Most cargo coming in (including skyboxes) still use CAL freighter service. Also cargo out to the Caribbean is CAL.
If anything the airbridge between Trinidad & Tobago will be the biggest losses as that's expense without a way to recoup.
pugboy wrote:we can assume this money is being lent bailout style, ie pay when yuh able
which in most cases is never
Dizzy28 wrote:Well LIAT has taken their website down in light of the impending liquidation.
CAL poised to be the regional saviour (still not convinced they too will be able to operate regionally at a profit)
https://www.loopcayman.com/content/anti ... iquidation
The union added that as a state enterprise, any action by CAL to act as an independent body regarding staff restructuring would be an act outside the interests of the employees who are a part of the public service.
Farmer said, “They are singling out the workers there and telling them they need to take a pay cut, but other places that are under the government as state entities are being left out. It is like they are discriminating. They are not doing it equitably; they are undermining democracy. We are not saying that sacrifices should not be made but there must be some sort of collective approach. But it seems like they want to have their cake and eat it.”https://newsday.co.tt/2020/09/27/union-accuses-cal-of-acting-unfairly/
Dizzy28 wrote:On the upcoming restructuring of CAL post the expiry of the GORTT COVID assistance the Union say it unfair to take action on CAL if action is not being taken at other state agencies. However when the CAL employees get their free tickets and flying Miami or New York once a month that's not really an issue though!!The union added that as a state enterprise, any action by CAL to act as an independent body regarding staff restructuring would be an act outside the interests of the employees who are a part of the public service.
Farmer said, “They are singling out the workers there and telling them they need to take a pay cut, but other places that are under the government as state entities are being left out. It is like they are discriminating. They are not doing it equitably; they are undermining democracy. We are not saying that sacrifices should not be made but there must be some sort of collective approach. But it seems like they want to have their cake and eat it.”https://newsday.co.tt/2020/09/27/union-accuses-cal-of-acting-unfairly/
pugboy wrote:long ago parents get to fly free for life tooDizzy28 wrote:On the upcoming restructuring of CAL post the expiry of the GORTT COVID assistance the Union say it unfair to take action on CAL if action is not being taken at other state agencies. However when the CAL employees get their free tickets and flying Miami or New York once a month that's not really an issue though!!The union added that as a state enterprise, any action by CAL to act as an independent body regarding staff restructuring would be an act outside the interests of the employees who are a part of the public service.
Farmer said, “They are singling out the workers there and telling them they need to take a pay cut, but other places that are under the government as state entities are being left out. It is like they are discriminating. They are not doing it equitably; they are undermining democracy. We are not saying that sacrifices should not be made but there must be some sort of collective approach. But it seems like they want to have their cake and eat it.”https://newsday.co.tt/2020/09/27/union-accuses-cal-of-acting-unfairly/
supremacy_007 wrote:This is not an uncommon practice, most airlines to this, employee + parents + dependants, just pay the taxes and once the seat is free you may make it, you go on the standby list, they do not forsake a paying customer for an employee to fly for leisure, each job has its perk, this is one most airline employee enjoy, dont cause the airline to be unprofitablepugboy wrote:long ago parents get to fly free for life tooDizzy28 wrote:On the upcoming restructuring of CAL post the expiry of the GORTT COVID assistance the Union say it unfair to take action on CAL if action is not being taken at other state agencies. However when the CAL employees get their free tickets and flying Miami or New York once a month that's not really an issue though!!The union added that as a state enterprise, any action by CAL to act as an independent body regarding staff restructuring would be an act outside the interests of the employees who are a part of the public service.
Farmer said, “They are singling out the workers there and telling them they need to take a pay cut, but other places that are under the government as state entities are being left out. It is like they are discriminating. They are not doing it equitably; they are undermining democracy. We are not saying that sacrifices should not be made but there must be some sort of collective approach. But it seems like they want to have their cake and eat it.”https://newsday.co.tt/2020/09/27/union-accuses-cal-of-acting-unfairly/
Dizzy28 wrote:I was being slightly facetious with that as an example. However it is ridiculous for the union to claim CAL employees are part of the public service.
CAL is a state enterprise guided by the MoF's SEMP and not the Service Commission.supremacy_007 wrote:This is not an uncommon practice, most airlines to this, employee + parents + dependants, just pay the taxes and once the seat is free you may make it, you go on the standby list, they do not forsake a paying customer for an employee to fly for leisure, each job has its perk, this is one most airline employee enjoy, dont cause the airline to be unprofitablepugboy wrote:long ago parents get to fly free for life tooDizzy28 wrote:On the upcoming restructuring of CAL post the expiry of the GORTT COVID assistance the Union say it unfair to take action on CAL if action is not being taken at other state agencies. However when the CAL employees get their free tickets and flying Miami or New York once a month that's not really an issue though!!The union added that as a state enterprise, any action by CAL to act as an independent body regarding staff restructuring would be an act outside the interests of the employees who are a part of the public service.
Farmer said, “They are singling out the workers there and telling them they need to take a pay cut, but other places that are under the government as state entities are being left out. It is like they are discriminating. They are not doing it equitably; they are undermining democracy. We are not saying that sacrifices should not be made but there must be some sort of collective approach. But it seems like they want to have their cake and eat it.”https://newsday.co.tt/2020/09/27/union-accuses-cal-of-acting-unfairly/
bluefete wrote:CAL CEO get his $1/2 million bonus for 2019 though.
According to Zoom - take b----l
Dohplaydat wrote:bluefete wrote:CAL CEO get his $1/2 million bonus for 2019 though.
According to Zoom - take b----l
Garvin is a great guy, he deserves that bonus for CAL's 2019 performance, he's obligated to it as it's in his contract.
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