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Old September 25th, 2006, 05:47 AM   #541
hkskyline
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I doubt one event can bring forth new routes immediately. However, the tourism spinoff expected after the world sees Vancouver in 2010 may help boost Vancouver's connectivity in the long run when airlines see profitable new routes that are sustainable.
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Old October 6th, 2006, 05:45 AM   #542
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ACE Aviation shareholders approve payout plan
By Robert Melnbardis

MONTREAL, Oct 5 (Reuters) - Shareholders of ACE Aviation Holdings Inc. approved a plan on Thursday to pay out up to C$2 billion ($1.8 billion) of the company's capital, including a spin-out of it key airline unit, Air Canada.

Robert Milton, chairman, president and chief executive of ACE, said shareholders voted 95.5 percent in favor of distributing more units of Aeroplan Income Fund , its rewards program, and moving toward the initial public offering of a minority stake in Air Canada, its mainline carrier.

The plan also envisages divesting ACE Aviation's technical services unit.

The Air Canada Pilots Association (ACPA), which represents Air Canada's 3,100 pilots, said on Wednesday they had asked a court to block the payout, largely because they think it would restrict the airline's ability to meet obligations to creditors.

"We believe ACPA strategy may be aimed at getting ACE to inject more capital into Air Canada as the mainline carrier is brought public over the coming weeks," Claude Proulx, analyst at BMO Capital Markets, wrote in a research note on Thursday.

An ACE Aviation spokeswoman said on Thursday the company would work toward achieving an outcome that is favorable to all stakeholders.

The company intends to ask a Montreal court on Friday morning for a final order approving the plan of arrangement. If approved, the arrangement would become effective on Oct. 13 and ACE hopes to distribute more Aeroplan units by the end of this year.

DEBT AND PENSION DEFICIT CONCERNS

At the shareholder meeting, Yohan Cherrier, an Air Canada flight attendant, told Milton he opposed the payout, arguing that he has suffered losses in investment returns and revenue through Air Canada's 2004 bankruptcy restructuring.

"You're going to be taking a distribution here of which you are a very specific beneficiary. You own a lot of shares," Cherrier said.

Air Canada had a pension deficit of some C$1.4 billion at the end of last year.

Fadi Chamoun, analyst at UBS Investment Research, said he expects ACE's first new distribution of its equity in Aeroplan would range from C$450 million to C$500 million. ACE currently owns about 75 percent of Aeroplan.

ACE also intends to sell its technical services division, which Chamoun estimates is worth C$584 million.

In a research report, Chamoun questioned whether a spin-off of Air Canada would unlock hidden value at ACE.

Based on a multiple of five times enterprise value to earnings before interest, taxes, depreciation, amortization and aircraft rent, Air Canada could be worth C$1.81 an ACE share, he wrote.

Since Air Canada emerged from an 18-month bankruptcy restructuring at the end of September 2004 to become the main operating unit of ACE Aviation, the airline has been posting strong profits on improving passenger traffic volumes, despite adding capacity to its network.

ACE Aviation shares have risen some 75 percent from their C$20 issue price and 31 percent from the C$26.75 they opened trade at in early October 2004.

Over the past month, ACE shares have risen some 18 percent.

In the third quarter, ACE shares outperformed rival WestJet Airlines Ltd. and the U.S. airline index, Ben Cherniavsky, analyst at Raymond James, wrote in a research note on Thursday.

ACE Aviation class A Shares fell 50 Canadian cents to C$35.20 on the Toronto Stock Exchange on Thursday afternoon. Its class B shares fell 53 Canadian cents to C$35.18.
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Old October 7th, 2006, 07:30 PM   #543
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Air Canada's first 767 has got the new interiors. Here it is. It looks sweeeet! Now everyone can also have a good view out the window. Well not the middle people.

http://www.airliners.net/open.file?i...&TopOfYest=yes

http://www.jetphotos.net/viewphoto.php?id=5830218

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Old October 13th, 2006, 11:48 PM   #544
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WestJet Shrs Languish: Growth Outlook Remains Uncertain
By Monica Gutschi
13 October 2006

TORONTO (Dow Jones)--WestJet Airlines Ltd. (WJA.T) should be a "screaming buy" given its improved earnings outlook, its growing network and its brand-new fleet, one analyst said Friday.

But Ben Cherniavsky of Raymond James kept his rating on the Calgary-based discount carrier at outperform, noting in a research report that investors are nervous about recent changes at the company.

Chief among them are WestJet's transformation away from its low-cost roots, which has taken its business model closer to that of its main rival, ACE Aviation Holding Inc.'s (ACE.B.T) Air Canada.

Costs have increased as WestJet established a hub in Toronto's expensive airport, added leather seats and Live TV programming, and initiated services to transborder and international destinations. As well, its rapid growth in the 10 years since it began means it has essentially "saturated" the very-price-sensitive segment of the market, and has had to appeal to a wider audience.

And Cherniavsky said ongoing management changes, including the appointment of President Sean Durfy, increase the doubts about WestJet's direction. Durfy is still an unknown to investors, Cherniavsky pointed out, while the departure of several key staff members in the past two years at least partly reflect "an internal divergence of views about some of the changes WestJet has made to its corporate strategy."

All of that raises the level of uncertainty, he said, and has kept the stock languishing in a narrow range for most of this year.

In Toronto Friday, WestJet is up 5 Canadian cents to C$10.97, about midway between its 12-month low of C$9.18 and its 12-month high of C$13.55.

However, that is far below its record of C$21.13 reached in early 2004. More worrisome, Cherniavsky noted, the stock has "barely budged" despite a significant drop in oil prices this summer.

The increasing risk from the management and strategic changes, "have made the market very nervous about WestJet's future," Cherniavsky said.

"This company is still a great airline with an exceptional corporate culture and some interesting growth initiatives," he said. "However, in our view, the changes to WestJet's model that have been required in the pursuit of these new growth opportunities have increased the company's cost base, raised the complexity of its operations, and caused some tension in the management ranks."

Robert Fay of Canaccord Adams initiated coverage of WestJet on Friday with a "buy" rating and a C$14 target, noting the company trades at a discount to its peers because of its relatively small size and high leverage.

Fay said WestJet's financial performance has improved after a downturn in 2004 and early 2005, and will likely get better on strong demand, capacity addtions, low interest rates and its fleet-renewal program.

However, he said the key question for the company is what growth rate it can maintain given Canada's limited market. Outside of expanding its domestic network, the airline is expected to have a new reservation system in place by late 2007 that will allow it to establish links with other carriers. As well, it has the potential to increase ancillary revenues through WestJet Vacations and adding to "buy-on board" amenities.

Raymond James has had an investment-banking relationship with WestJet and Cherniavsky or a member of his household holds the shares. Canaccord Adams expects to have an investment-banking relationship with the company in the next six months but Fay doesn't own shares.
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Old October 15th, 2006, 06:35 PM   #545
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Union cautions passengers to heed work-to-rule campaign at Air Canada
12 October 2006

TORONTO (CP) _ The Canadian Auto Workers union is cautioning passengers to take heed of its work-to-rule campaign, designed to protest Air Canada's plans to lay off 300 employees this month at airports and call centres across the country.

The CAW has issued two pages of ``guidelines'' for working, including advising unionized members to blame Air Canada managers for long lineups if consumers complain.

A spokesman for ACE Aviation Holdings Inc. (TSX:ACE.B), the parent of Air Canada, said Thursday that so far the union has not disrupted operations.

But Raymond James Ltd. analyst Ben Cherniavsky said the CAW could make life difficult for management.

``If these work-to-rule orders are followed and proliferate, this could become very problematic for ACE's planned initial public offering of Air Canada,'' he said.

ACE shares rose 38 cents to $35.25.
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Old October 16th, 2006, 05:33 PM   #546
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ACE to spin out minority stake in Air Canada

MONTREAL, Oct 16 (Reuters) - ACE Aviation Holdings Inc said on Monday it plans to spin out a minority stake in Air Canada, its key operating unit and the country's biggest airline.

ACE said Air Canada will offer class A and B shares from treasury for gross proceeds of C$200 million ($175 million), followed by a secondary offering by ACE of Air Canada shares. ACE did not disclose the size of the offering in Air Canada, but said it will retain a majority interest in the airline.
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Old October 16th, 2006, 11:29 PM   #547
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Air Canada to launch non-stop service between Montreal and Rome

MONTREAL, Oct. 12 /CNW Telbec/ - Air Canada today announced that it will launch non-stop service between Montreal and Rome to meet peak seasonal travel demand. Beginning June 1, 2007 until September 30, 2007, the carrier will operate daily non-stop flights linking Canada's second largest city, and its extensive Quebec and Atlantic Canada network, with the Italian capital. Air Canada offers connecting flights via Rome to popular destinations in Italy operated by Air One, a Lufthansa partner airline. "The reintroduction of non-stop Air Canada flights between Montreal and Rome is great news for Montrealers and consumers in eastern Canada who will benefit from substantial time savings during the peak travel season to Italy," said Daniel Shurz, Vice President, Network Planning. "We look forward to offering this additional non-stop service to Europe from Montreal, which complements our year-round Toronto-Rome non-stop flights. Rome is our fifth European destination with non-stop service from Montreal, joining London, Paris, Frankfurt and Munich."
Air Canada's Montreal-Rome non-stop service will be operated using 207-seat Boeing 767-200 ER aircraft. With an eastbound flight time of eight hours, travellers will save more than two hours off alternate routings via Toronto or Frankfurt.

<<
Montreal Rome Rome Montreal
AC892 17:40 07:40 (+1) AC893 09:10 12:05
>>

Montréal-based Air Canada provides scheduled and charter air transportation for passengers and cargo to more than 150 destinations on five continents. Canada's flag carrier is the 14th largest commercial airline in the world and serves more than 30 million customers annually. Air Canada is a founding member of Star Alliance providing the world's most comprehensive air transportation network.

http://micro.newswire.ca/release.cgi...3213-0&Start=0
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Old October 19th, 2006, 07:23 AM   #548
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Aeroplan changes come at a cost

Changes to Aeroplan's reward program announced this week mean more seats will be made available, but that added flexibility comes at a higher cost.
On Monday, the loyalty program announced changes that would see all seats on Air Canada flights open to members, up from the 8 per cent it used to set aside. Under the changes, if the number of seats alloted at regular points level get fill, members can use points for the remaining seats -- using more points.

To find out just how many more, the Star chose dates during the busy Christmas period for economy seats. For flights departing Dec. 20 and returning Dec. 27, there were seats available to Montreal, New York and London for the usual number of points.

But for popular destinations such as Miami and Vancouver, seats were available for 40,000 points -- a 60 per cent increase over the normal requirement of 25,000 points.

In announcing Monday's changes, Aeroplan said it wanted to give members more flexibility in using their points and encourage a more active program.

The company also introduced expiry dates on accumulated points. Members must now use them within seven years or they will expire. That comes into effect Jan. 1.

Starting July 1, 2007, members must also earn or redeem at least one point in a 12-month period to keep their account active. To re-activate an expired account will cost $30, and one cent per restored mile.

Aeroplan's changes brought about a strong negative reaction from members, said Kyle Murray, a marketing professor at the University of Western Ontario's Richard Ivey School of Business. Murray has studied loyalty programs like Aeroplan's.

Murray said he was quite surprised at the negative response when he listened to radio call-in shows and read newspaper websites. Many were “criticizing it as a betrayal of trust,” he said.

Murray said the changes won’t affect frequent flyers -- although they may not be happy -- but added that it’ll take more time for less-frequent users to earn the points and give them less time to use point.

“Companies have realized what they’ve created for themselves is a fairly substantial future liability and they’re trying to limit that but constraining the way they will make pay outs,” he said.

Murray said it will be interesting to see whether or not this backlash will push members to use other programs or fly other airlines.

Gillian Hewitt, spokesperson for the company wouldn’t comment on any negative feedback, but said Monday’s announcement showed that members are “engaged.”

http://www.thestar.com/NASApp/cs/Con...=Business/News
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Old October 19th, 2006, 03:45 PM   #549
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Requiring activity every 12 months is quite unreasonable given many airlines around the world have adopted a 3-year grace period. They really want to unlock all the points stashed away in people's closests.
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Old October 19th, 2006, 10:11 PM   #550
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Quote:
Originally Posted by hkskyline View Post
Did it have PTVs?
No but he didnt complain about Air Canada which is surprising.
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Old October 20th, 2006, 06:05 PM   #551
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Air Canada to face new language laws
SIMON TUCK
00:00 EDT Thursday, October 19, 2006

OTTAWA -- The federal government has vowed to make a legislative amendment that would again force Air Canada's various subsidiaries to follow federal requirements for bilingual services, placing the country's largest airline at a competitive disadvantage to its key rivals.

Yesterday's pledge to change the Air Canada Public Participation Act would mean that the airline's divisions, such as Jazz, technical services, cargo services and ground handling, would have to provide service in both official languages and allow employees to work in either English or French.

The airline and its subsidiaries were subject to the bilingual requirements before Air Canada emerged from bankruptcy protection in 2004, but only the core airline has been since that time.

"This is what a federalism of respect and openness is all about," Transport Minister Lawrence Cannon said in a statement.

Air Canada has been subject to Canada's official languages act since the legislation was enacted in 1969. A federal spokeswoman said the Montreal-based airline agreed to continue to abide by the language requirements when it was privatized in the late 1980s.

But WestJet Airlines Ltd. and Air Canada's other rivals need to be guided only by market forces in the provision of language services, giving them a distinct cost advantage.

Karl Moore, a management professor at McGill University in Montreal, said it's "a bit silly" that Air Canada is playing by different rules than its competitors.

Air Canada spokesman Peter Fitzpatrick said the company is concerned by the rule differences, but added that the airline believes customers are entitled to be served in their preferred language.

Two years ago, however, an Air Canada executive told a parliamentary committee that it's spending tens of millions of dollars to comply with federal bilingual rules that don't apply to its competitors.

Duncan Dee, senior vice-president of corporate affairs at ACE Aviation Holdings Inc., Air Canada's parent, told MPs on the official languages committee that the rules unfairly add costs for such things as administration, staff language courses and translation services.

MPs on the committee, however, showed little sympathy. Yesterday's proposed changes followed a recommendation by that same committee.

In addition to the language requirements, federal law also ensures that the former Crown corporation's head office remains in Montreal and that Air Canada, alone, produces operations manuals for mechanics in both languages, among other requirements.

WestJet, however, argues that federal rules don't always go against Air Canada. The larger airline has an exemption to use fewer flight attendants on some flights that means a cost savings.

© The Globe and Mail
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Old October 21st, 2006, 12:54 AM   #552
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I hate how they're having the expiration for inactive accounts, though I guess they do that with other airlines. Right?
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Old October 21st, 2006, 09:43 PM   #553
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Air Canada's first 767 with the new economy class seats!

http://www.airliners.net/open.file?i...RFP&photo_nr=2

Great Work AC!

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Old October 26th, 2006, 05:58 PM   #554
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WestJet flies to record quarterly profit

MONTREAL, Oct 26 (Reuters) - WestJet Airlines Ltd. said on Thursday that its third-quarter profit was its best for any quarter, propelled by higher passenger traffic and revenues and better cost controls.

Canada's second-largest carrier said it earned C$52.8 million ($46.7 million) or 41 Canadian cents a share in the quarter, a 74.5 percent increase from a profit of C$30.3 million or 23 Canadian cents a share in the year earlier period.

That handily beat the average profit estimate of 30 Canadian cents a share of analysts polled by Reuters Estimates.

Revenues rose 24 percent to C$503 million from C$406 million, and the no-frills airline said key performance measures improved over those for the 2005 quarter.

Load factor, the proportion of paid seats on the airline's jets, rose to 80.5 percent from 78.6 percent. Yield, measured as revenue for each revenue passenger mile flown, rose to 18.9 Canadian cents from 18.3 Canadian cents.

WestJet has been expanding its fleet of 62 jets and network in the face of stiff competition with Air Canada, the country's No. 1 airline and a unit of ACE Aviation Holdings Inc. . It said third-quarter results were also helped by better costs controls, even though jet fuel prices rose 9.3 percent from the 2005 quarter.

($1=$1.13 Canadian)
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Old October 31st, 2006, 06:20 AM   #555
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WestJet agrees on terms for five new planes in 2009



CALGARY, Alberta, Oct 30 (Reuters) - WestJet Airlines Ltd. said on Monday it has agreed to lease terms on the delivery of five new Boeing Co. 737 aircraft with Singapore Aircraft Leasing Enterprise, part of a plan to expand its fleet 30 percent by the end of 2009.

Calgary-based WestJet, Canada's No. 2 airline, said the deal lets it acquire four 136-passenger 737-700 aircraft and one 166-passenger 737-800. The planes are to be delivered during 2009.

The company, which competes with larger rival Air Canada for domestic travelers, said its deal with the leasing firm also gives it the option to acquire three more 700-series and one 800 series in 2009. The 700-series aircraft can be switched to 800-series planes if the carrier wishes.

Terms for the agreement were not released.

WestJet, which last week reported a record quarterly profit of C$52.8 million ($48 million), plans to have a fleet of 81 aircraft by the end of 2009, all 737s, up from a current total of 62.

Singapore Airlines Ltd. and WestLB AG [WDLG.UL] are the largest partners in Singapore Aircraft Leasing, according to its Web site, with each holding a 35.5 percent share.
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Old November 2nd, 2006, 02:52 AM   #556
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Air Canada pilots, Jazz attendants win pay raises

CALGARY, Alberta, Nov 1 (Reuters) - Arbitrators have awarded pay raises to Air Canada pilots and Air Canada Jazz flight attendants, the airlines said on Wednesday.

Air Canada, whose parent is ACE Aviation Holdings Inc. , said that 3,100 pilots represented by the Air Canada Pilots Association will be awarded a 2 percent wage increase backdated to July, with another 1.75 percent next July and 1.75 percent in July 2008.

The award did not provide for any pension adjustments.

Air Canada said arbitration awards have now been received for all major labor groups except the Canadian Union of Public Employees. Negotiations with CUPE, which represents the airline's approximately 6,000 flight attendants, have now moved to arbitration.

Separately, Air Canada Jazz, a regional airline controlled by Jazz Air Income Fund and Air Canada, said an arbitrator awarded raises to 740 flight attendants and made them eligible for profit sharing.

Jazz said attendants represented by the Teamsters Canada union will be awarded a 1 percent wage increase this year, backdated to June 1, with 1.75 percent next June and 1.75 percent on June 1, 2008.

The arbitrator also granted the employees full participation in the company's profit-sharing plan.

The pay increases match those given last July to employees represented by the Canadian Auto Workers union.

The airline said the company is still in talks with 54 dispatchers represented by the Canadian Air Line Dispatchers Association.
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Old November 27th, 2006, 03:51 PM   #557
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Onex seen bidding for ACE Aviation maintenance unit

TORONTO, Nov 25 (Reuters) - Canadian leveraged buyout company Onex Corp is set to bid for the maintenance unit of ACE Aviation Holdings Inc. and take the unit private, the Globe and Mail newspaper said on Saturday.

The Globe, citing investment bankers and sources close to ACE's Air Canada airline unit, said Onex was likely to be a player in the auction. It said ACE had scrapped the idea of an IPO for the unit because revenues of the maintenance operations are too variable.

It said analysts expected the sale to fetch as much as C$900 million ($790 million).

Onex, in a tie-in with private equity partners in Australia and the United States, has also been tipped as a possible bidder for Australian airline Qantas Airways .

The Globe said Onex would face competition for the ACE maintenance operations, including from Deutsche Lufthansa , which already has a larger maintenance unit than that of Air Canada.

"The ACE unit ... fits with Onex's history of buying businesses that rely on one major customer and then expanding the customer base to soak up excess capacity and increase profit," the Globe said. It said Onex had declined to comment.

($1 = $1.13 Canadian)
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Old November 28th, 2006, 05:17 AM   #558
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WestJet launches prepaid flight passes
Calgary Herald
24 November 2006
Calgary Herald

WestJet Airlines is rolling out prepaid flight passes for travel between Toronto, Montreal and Ottawa in a bid to attract business passengers who frequently fly Canada's most populous corridor.

The passes, valid for travel until May 31, cost $1,700 for 10 one-way tickets between the three cities, offering a more convenient and flexible way to fly the so-called "Eastern Triangle," said WestJet president Sean Durfy.

"This really is to get people to try our product, to get on our planes now that we have good frequency in the marketplace. Economically it's a good deal and it competes directly with Air Canada's product."

Calgary-based WestJet is mimicking a strategy popularized by rival Air Canada, which became the first North American airline to employ the concept broadly across many of its routes.

Air Canada's Rapidair pass for travel between Toronto, Montreal and Ottawa costs $2,290 for a book of 10 tickets and is valid for a year from the time of purchase.

Air Canada has also launched a general North American pass, a Western Canada pass and an "oil express" booklet of tickets aimed squarely at Newfoundlanders working in Alberta's oilpatch.

"Our competition has learned what Air Canada's customers have known for quite some time now, and that is Air Canada's passes work superbly for travellers," said spokeswoman Angela Mah..

"We currently have 13 different types of passes in the marketplace and they are all designed to meet the needs of individual travellers, as well as up to 300 travellers from the same company."

If prepaid fares prove a successful strategy for WestJet in Eastern Canada, there is speculation the carrier will follow in Air Canada's footsteps with passes aimed at non-business flyers, many of whom are opting to spend their holidays on multiple, shorter trips.

But Durfy said WestJet has no immediate intent to launch passes across its network, noting that without proper planning they lose their economic benefit. "We have them in areas where we are looking to invest in those routes."

Durfy also confirmed Thursday that Brenda Trockstad, a veteran employee responsible for the airline's newly launched vacations division, is leaving the airline. Investors should not read anything unusual into her pending departure, he said.

"We are a big organization and with any organization there is always change."
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Old November 28th, 2006, 08:48 AM   #559
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Transport minister's plan for airline pacts with other countries will boost competition, help lower prices, analysts suggest

Nov. 28, 2006. 01:00 AM
RICK WESTHEAD
BUSINESS REPORTER


Transport Canada says it plans to further liberalize Canada's air policy by pursuing more open-skies agreements, a move industry analysts say may lead to lower trans-border fares on routes to countries like France, Singapore and Jordan.

In a bid to complement Canada's two open-skies pacts with the United States and Britain, Transport Minister Lawrence Cannon announced yesterday the Conservative government wants to open talks with others toward reaching similar accords.

Signing such agreements would mean foreign airlines would no longer face limits on how often they fly to Canada, what kind of aircraft they use on cross-border routes, or how much they can charge passengers. Similarly, Canadian-based carriers like Air Canada and WestJet Airlines Ltd. would get comparable accommodations overseas.

Several analysts yesterday welcomed the move and said Canada has typically trailed its large-market rivals when it comes to its international air policy. The United States, for instance, has 77 open-skies agreements, while New Zealand has 10 and Singapore nine.

"This comes down to economics 101," said Karl Moore, a McGill University professor who follows the airline sector. "Theoretically, if you have open skies, you have more competition and prices will come down."

Robert Kokonis, a Toronto airline consultant, said there's strong evidence that more open-skies agreements would result in lower ticket prices because of added competition.

"Look at Northwest Airlines," Kokonis said. "Before the original 1984 open-skies agreement, (the U.S.-based carrier) had routes from Detroit to Toronto and Montreal. After, they all of a sudden were operating routes to places like Ottawa, Quebec, Regina and Vancouver."

Kokonis said a deal with Singapore would make good sense because it's a good hub for travellers looking to get to Southeast Asia. Similarly, Jordan might be a good hub for travellers to the Middle East.

To be sure, McGill's Moore said it would still be at least another 10 years before Canada considered granting foreign carriers so-called "cabotage" rights, which would allow non-Canadian airlines to operate domestic flights here.

American-based carriers might covet routes such as Toronto-Montreal or Calgary-Vancouver, he said.

Similarly, Air Canada and WestJet would likely be proponents of such a move because it would give them the ability to fly lucrative routes like Boston-New York or Washington-Chicago.

"The fact is that there are 10 times the number of lucrative routes in the U.S.," Moore said. "Air Canada and WestJet would be licking their chops at the idea (of gaining access to the domestic U.S. market.)"

Yesterday, Cannon said the government would pursue open agreements, "when it is in Canada's overall interest and we will pursue more liberalized agreements on a reciprocal basis where obstacles exist to a true open-skies agreement."

Cannon's plan, dubbed "Blue Sky," comes several years after a veteran industry official warned Canada's absence from talks between the U.S. and European Union to negotiate a watershed aviation agreement might spell disaster for Canadian carriers.

"The same liberalization that came in domestic markets when deregulation occurred is going to happen internationally in the next decade and (Canada) should be an integral part of these discussions," Don Carty, the onetime head of American Airlines, said in 2003. "Canada cannot be a follower in these efforts. The Canadian economy is incredibly tightly linked to the U.S."

Carty, who made his comments at an airline industry conference in Toronto and who's now a board member of Porter Airlines, noted that Canada's absence would be "an anvil on (Air Canada's) shoulders."

http://www.thestar.com/NASApp/cs/Con...l=969048863851
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Old December 6th, 2006, 08:21 AM   #560
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WestJet Posts Record Nov. Load Factor Of 73.4%
5 December 2006
Dow Jones

WestJet Airlines Ltd. (WJA.T) had a record November load factor of 73.4%, with substantial increase in capacity of 27% and a traffic increase of 29%.

This load factor exceeds the previous November high, of 71.9% recorded in 2005, by 1.5 points. Year-to-date load factor increased to 78.2% from 74.2%, an increase of 4.0 points.

The Calgary-based low-cost air carrier's available seat miles for November increased to 1.06 billion, up from 840.3 million in November 2005. Traffic was 780.4 million revenue passenger miles in the latest month.
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