The following is excerpted from the question-and-answer section of the transcript.
(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)
Question: Konark Gupta - Scotiabank Global Banking and Markets, Research Division - Analyst
: Maybe I want to kind of dig into the regulatory environment. So the European Commission obviously pushed out the date, the deadline by 1 month
to February 9, after you offered the remedies recently. How confident are you that those remedies that you have offered would be sufficient to
receive the approval in a timely manner?
Question: Konark Gupta - Scotiabank Global Banking and Markets, Research Division - Analyst
: So you don't think at this point, based on what you know, you don't need to provide another improvement or changes in the package, right?
Question: Konark Gupta - Scotiabank Global Banking and Markets, Research Division - Analyst
: Okay. That makes sense. Do you see -- we don't obviously get to see the regulatory updates from Canada as much as from the EU. Do you see the
Canadian regulatory environment or scrutiny as complicated as it is in the Europe right now?
Question: Konark Gupta - Scotiabank Global Banking and Markets, Research Division - Analyst
: I see. Okay. So we haven't heard anything at all on this front at this point, right? I mean you're waiting for the decision...
Question: Konark Gupta - Scotiabank Global Banking and Markets, Research Division - Analyst
: Okay. And Denis, perhaps for you on the financing side. How much is the monthly fixed cost at this time before reflecting the wage subsidy benefits?
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DECEMBER 14, 2020 / 3:30PM, TRZ.TO - Q4 2020 Transat AT Inc Earnings Call
Question: Konark Gupta - Scotiabank Global Banking and Markets, Research Division - Analyst
: No, absolutely. But what I was trying to look for is without looking into the lease payments left here at this point, just the kind of fixed costs or for
the company on the P&L, where would you put that number before the lease payments?
Question: Konark Gupta - Scotiabank Global Banking and Markets, Research Division - Analyst
: Yes. Okay. Perfect. And on the lease payment, can you help us understand, you have deferred obviously some lease payments so far for the last
several months. Where is that -- like, what is that amount of deferred lease payment at this point?
Question: Konark Gupta - Scotiabank Global Banking and Markets, Research Division - Analyst
: Okay. I'll look for that sure. And then last one for me on the fleet. So I can see in your presentation that you are obviously cutting down the fleet
over time and then you have some targets for the winters. Can you help us understand what is your target fleet size and the fleet mix by the end
of this winter? And then what would be the recurring monthly lease payments for that fleet?
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