Good video
Jazz is already a separate company from Air Canada (
http://www.flyjazz.ca)- I dont think its a terrible situation. The simple fact is regional airlines for alot of airlines are a way to not have to add on to union contracts for smaller planes for smaller destinations.
How many hours does someone need to be a pilot. In alot of airlines the only reason senior pilots have higher flight hours is not because its an actual requirement, but that you just have to wait along time to get to widebody flights.
Also remember, with regional airlines it allows lets say Edmonton to Calgary.
To profitably operate 737 (150) seats likely means 6 flights a day. Where as if you fly a turboprop (70) you can operate 12-15 flights a day meaning its more convenient for the passenger and with the airline it allows you to maximize your profit by increasing the seat price at the busiest hours.