WHILE WAGE AND PENSION CONCESSIONS, WHAT COMES NEXT?
ROBERT MILTON AND MATIAS CAMPIANI HAVE MUCH BAGAGGE?
Robert Milton of Air Canada or save it is flying to the floor?
The same strategy used by Robert Milton's Air Canada is used by Matias Campiani on Pluna, the parallel companies are being used for their own benefit while wage, pension concessions and subsidies are given by Canadian state.
Air Canada Jazz is the second aviation company in Canada and depends on Air Canada by 100% as a feeder, contracts are always favorable to Air Canada Jazz, Air Canada executives and their front men hide their shares in parallel companies, other examples are Aveos, Aeroplan, Aeroman as a drain on the Canadian flag company.
Leadgate group linked to ACE Aviation Holdings in many ways is the parent company of Air Canada and applies the same methods, using Aerovip to drain Pluna.
Just by comparing their domains.com we can discover this coroporative links between Pluna and ACE,
www.flypluna.com /www.flyjazz.com ---www.plunavacation.com / aircanadavacations.com
Also Francisco Alvarez Demalde the brother of Pluna Leadgate´vicepresident capitalized Pluna and also ACTS, now AVEOS, one of the parallel mentioned companies opened by ACE.
Aerovip operates Pluna´s planes which are guaranteed by the Uruguayan state and provides
services to Pluna in the same way as Air Jazz Canada does to Air Canada in contracts far above the market.
After these findings there´s no surprise that Air Canada Jazz is the only company interested in investing a red balanced Pluna, when the game of high finance is to hide the money, the problem emerges later, when Air Canada Canadian workers loose firstly their benefits as the Canadian state fills Air Canada black hole ending so far away as the bankrupted low cost, security, salary Uruguayan company and Mr. Campiani and associates pockets.
Leadgate bought Pluna in 15 million dollars obtained with the comission of aircrafts bought to Bombardier, in 2008 Leadgate lost 27 million and 22 in 2009, so paying 15 million dollars for 25% shares, the same payed by Leadgate for the 100% seems a big bubble business.
Also these looting methods were used in Southern Winds the Cordoba Argentinian narco airline related to Leadgate, Bombardier and the laundred money of Yabran´s Argentinian Mafia through Bunge & Born´s Holdings like Advent International and Exxel Group, Aerolineas Argentinas payed them high fixed contracts beyond the number of passengers transported.
http://www.theglobeandmail.com/report-on-business/rob-magazine/robert-milton-has-a-lot-of-baggage/article1154017/
http://www.socialistvoice.ca/?p=435
But as of June 2009 Globe and Mail Business Report magazine reported, the source of the bonanza of the investors was a combination of financial chicanery and the top of the profitable divisions separate corporate entities. These include regional carrier Air Canada Jazz, Aeroplan rewards program, and the Aveo above.
In total, the former "Air Canada" has been plundered of its divisions for profit. What remains is a large fleet of domestic and international air routes in the face of stiff competition.
"She was raped by Cerberus," said Ben Cherniavsky, airline analyst report on business, referring to Cerberus Capital Management, New York "equity" firm that became one of the largest shareholders after Air Canada plane emerged from bankruptcy. "Good cash flow business were taken away from him."
There are striking similarities in all of this to the fate of Chrysler, General Motors and other companies recently in bankruptcy.
As with autoworkers, unions in the airline and aerospace workers need a political agenda and course of action to end the looting of corporate social wealth and place vital services such as transport property governance and planning. One of the urgent goals of economic planning must be a radical change in urban design and transport modes in order to stop the environmental destruction that accompanies the irresponsible proliferation of fossil fuel burning cars and airplanes. The voting membership of the IAM in the Air Canada and questions over the fate of the airline opens up more space for that debate.About Cerberus, Brian Mulroney and Bush
http://www.scoreboard-canada.com/babylon-cerberus-mulroney.htm
