Airlines
ROYAL BRUNEI HAS A PLAN
Royal Brunei Airlines (RBA) is eager to move on to the last phase of its new business plan as it becomes the first airline in Southeast Asia to operate Boeing 787s. The airline currently operates a fleet of four 777-200ERs and five A320 family aircraft to 14 destinations, including 10 in Asia. The 777-200ERs are currently used to serve the carrier\'s four long-haul destinations - Dubai, London, Jeddah and Melbourne. RBA is using the 787 to rebrand and usher in a new product offering, as well as build Brunei into a centre of excellence for maintaining new-generation aircraft. June 18 saw the...
YOU CAN FLY WITH CX
Cathay Pacific reports that it\'s now accepting applications for the 3rd iteration of its successful \"I Can Fly\" Toronto program inviting young Canadians with a true passion for aviation on a unique educational adventure. Interested Grade 11 or Grade 12 high school students may apply online at http://www.cathaypacific.ca/icanfly on or before Sept. 23, 2013. The \"I Can Fly\" Toronto 2013 program will run from Oct. 16 until Dec. 11, 2013 and give high school students a comprehensive and \"behind-the-scenes\" look at the aviation industry. Guided entirely by dedicated Cathay Pacific staff...
IT\’S WORKING FOR TRANSAT
Transat A.T. Inc. posted revenues of $927.0 million for the quarter ended July 31, 2013, compared with $909.1 million for the same period of 2012 -- an increase of $17.9 million or 2.0%. The company recorded a margin before amortization and depreciation1 of $53.1 million, compared with $22.1 million in 2012 and net income of $41.1 million ($1.07 per share on a diluted basis), compared with $9.4 million ($0.25 per share on a diluted basis) in 2012. Before non-operating items, amortization and depreciation, and restructuring charges, Transat reported a margin of $54.4 million, compared with...
AIR CANADA REPORTS RECORD AUGUST LOAD FACTOR
For the month of August, Air Canada reported a record system load factor of 89.5%, versus 87.9% in August 2012, an increase of 1.6 percentage points. System traffic increased 4.7% cent on a system-wide capacity increase of 2.9%. “I am pleased to report a record load factor of 89.5% for the month of August,” said Air Canada president Calin Rovinescu/ “The increase in our load factor by 1.6% points over the prior year underscores the effectiveness of our capacity management strategy. System wide, traffic grew 4.7%, led by the Pacific, Atlantic and domestic Canada markets. This is the...
CATHAY SAYS ‘I CAN FLY’
Cathay Pacific has introduced “I Can Fly” Toronto, Fall 2013, a program that offers Grade 11 and 12 high school students the opportunity to step behind the scenes of commercial aviation and explore various careers in this industry. The airline provides an eight-week Academy that meets once a week to help students explore various careers in aviation. Through a series of field trips, lectures and hands-on exercises, participants will learn everything about aviation from engineering to inflight catering, and even meet real pilots and flight attendants. The program is provided free of charge...
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...