JimNtexas
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June 19 (Bloomberg) -- ACE Aviation Holdings Inc., parent of Air Canada, canceled a $6.1 billion plane order with Boeing Co. after the airline's pilots rejected a contract to fly them.
Air Canada's pilots voted against the agreement endorsed by union leaders that would have altered how the airline links wages to the size, speed, weight and revenue potential of planes they fly. That prompted the airline to cancel the order for 18 Boeing 777s and 14 787 Dreamliner aircraft.
The cancellation of the April 25 order, the second-biggest for the new 787, will slow Boeing's attempt to regain the spot as the No. 1 maker of commercial planes from Airbus SAS. For ACE, which emerged from bankruptcy in September, it means Air Canada won't have access to a plane that costs 30 percent less to operate than the Boeing 767 it was to replace.
Bloomberg Canada
Is this true, and if so, does anyone have any background on why the Air Canada pilots rejected these airplanes beyond whats in this story?
Air Canada's pilots voted against the agreement endorsed by union leaders that would have altered how the airline links wages to the size, speed, weight and revenue potential of planes they fly. That prompted the airline to cancel the order for 18 Boeing 777s and 14 787 Dreamliner aircraft.
The cancellation of the April 25 order, the second-biggest for the new 787, will slow Boeing's attempt to regain the spot as the No. 1 maker of commercial planes from Airbus SAS. For ACE, which emerged from bankruptcy in September, it means Air Canada won't have access to a plane that costs 30 percent less to operate than the Boeing 767 it was to replace.
Bloomberg Canada
Is this true, and if so, does anyone have any background on why the Air Canada pilots rejected these airplanes beyond whats in this story?