6 ordspråk av Jacques Kavafian

Jacques Kavafian

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I just don't see how his offer creates value for shareholders, so the board is right in refusing. His bid doesn't have a premium to the market, so it may be difficult for it to succeed.

This is a dispute that should never have happened. This is an irrational one. These pilots are the best paid in the country. Air Canada had offered them a 4.5 percent salary increase per year in a context where inflation stands 1.5 percent lower.

I think airlines are going to find other ways of compensating for higher fuel prices, by either eating costs themselves or reducing other expenses.

The beauty of the airline business is that it is self-regulating. If you charge too much, people don't fly.

The price is quite rich. This is an all-cash offer, 100 percent of the stock, very few conditions and then the board has unanimously approved it.

I think they are trying to buy it cheap. Private equity funds see a lot of potential for growth in this sector.

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