|12-09-2006, 07:32 AM||#21|
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I am: Mitch Cronin
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Yessir... Well, I guess it's a little more complex of an answer than that, but yes, much of our heavy maintenance is still done in Canada (YVR, YWG, and YUL).
Air Canada Technical Services (ACTS) -which is another of the many recently created subsidiaries of ACE- just bought into another aircraft maintenance outfit....
From the press release:
"ACE Aviation Holdings Inc. (ACE) announced today that its wholly owned subsidiary ACTS LP (ACTS) and Grupo TACA Holdings Limited (Grupo TACA) of El Salvador have entered into an agreement for ACTS to acquire 80 per cent of Grupo TACA's aircraft maintenance division,
Aeromantenimiento, S.A (Aeroman)."
I guess, in essence, since all these separate companies within Air Canada Enterprises were created, "Air Canada" itself doesn't handle it's own heavy maintenance.... That's contracted out... largely to ACTS, but some does go elsewhere... ACTS is being reddied for sale.
The folks who bought into ACE as we were in CCAA (bankruptcy protection) are making sure they get as many dollars squeezed out of their investment as they can... sadly, with little or no apparent regard for the long term health prospects of Air Canada the airline.
Hope that helps answer your question?
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