Airlines
AC PROPOSES REFINANCING TRANSACTION
Air Canada has announced that it intends to refinance approximately $1.1 billion principal amount of its outstanding senior notes and, as part of the refinancing, has launched cash tender offers for any and all of its 9.250% Senior Secured Notes due 2015 (the “USD Senior Secured Notes”), 10.125% Senior Secured Notes due 2015 (the “CAD Senior Secured Notes” and together with the USD Senior Secured Notes, the “Senior Secured Notes”), and 12.000% Senior Second Lien Notes due 2016 (the “USD Second Lien Notes”) (collectively, the “Existing Notes”). The refinancing transaction,...
AC EMBRAER 175 TRANSFER COMPLETE
Air Canada reports that it has successfully completed the transfer of all 15 of its Embraer 175 aircraft, the smallest jet aircraft in its fleet, to Sky Regional to operate the aircraft on behalf of Air Canada under the capacity purchase agreement between the parties. Sky Regional now operates 20 aircraft on behalf of Air Canada, under this agreement. “I am very pleased with the progress made in introducing more cost-competitive operations in a number of our key domestic and transborder regional markets,” said Air Canada president Calin Rovinescu. “With the successful transfer of all...
PORTER SAYS BOTH RUNWAY OPTIONS ACCEPTABLE
Porter Airlines indicated yesterday that it submitted an update of its runway proposal to the City of Toronto as part of its ongoing review of the airline’s application to operate Bombardier CS100 aircraft from Billy Bishop Toronto City Airport (BBTCA). There are now two equally viable proposals for a runway extension that Porter would like to be given consideration. The original proposal presented in May includes a 168-metre extension into the water at each end of the main runway. A second proposal submitted on Sept. 3 includes a 200-metre extension into the water at each end of the main...
ICELANDAIR TAKES OFF IN EDMONTON, YVR
Icelandair will take off from Edmonton to more than 20 destinations in Europe starting March 26, 2014 and continue through January 2015, with service four times a week. Flights will depart from Edmonton International Airport. “We see a bright future ahead with a stronger network and even more opportunities for the many business and leisure travellers flying to Europe from Canada. The vibrant and academic community of Edmonton is underserved by international airlines and Icelandair will offer a refreshing alternative to Europe from Canada,” said Helgi Mar Bjorgvinsson, SVP of sales and...
CANADA HAS AIR AGREEMENT WITH BANGLADESH
Transportation Minister Lisa Raitt has announced that Canada has successfully concluded a first-ever air transport agreement with Bangladesh, allowing direct scheduled air services between the two countries. “The Canada-Bangladesh air travel market is growing rapidly,” said Raitt. “This new air transport agreement will facilitate air travel between both countries and provide more convenience to travellers and shippers.” The agreement provides flexibility for airlines to access all points in Canada and Bangladesh, both for passenger and all-cargo services. Airlines may also choose to...
MIAT EXPANDS CHINA OFFERINGS
MIAT Mongolian Airlines launched its second route to China last month with the introduction of three flights per week from Ulaanbaatar (ULN) to Erenhot (ERL), located close to the Mongolian border. At just 644 km, this is the airline’s shortest route and is flown by one of the airline’s two 737-800s. The carrier also operates three 767-300s. MIAT currently operates scheduled flights to eight destinations: Beijing, Berlin Tegel, Hong Kong, Moscow Sheremetyevo, Osaka Kansai, Seoul Incheon, Tokyo Narita, and now Erenhot. Commissions of 4% are offered....
PORTER OFFERS ANOTHER OPTION
Porter Airlines has validated its extended runway proposal as part of the City of Toronto\'s ongoing review of the airline\'s application to operate Bombardier CS100 aircraft from Billy Bishop Toronto City Airport (BBTCA). Specifically, the proposed extension of 168 metres into the water at each end of the main runway meets the city\'s request to not result in \"an extension of the Marine Exclusion Zone as currently configured, that would materially encroach upon the western channel shipping channel.\" Over the past several months, Porter has worked closely with stakeholders and its airport...
WESTJET ADDS CALGARY, BRANDON SERVICE
WestJet has launched new daily non-stop service between Calgary and Brandon, Manitoba. Service into Brandon is operated by WestJet Encore using the new fleet of Bombardier Q400 NextGen aircraft....