news19992

YVR News 1999

December 1999

Canadian Airlines board is recommending to its shareholders acceptance of the Air Canada offer.
Some updates for next summer. Here is what I have come with so far for start dates:

Trans World Airlines: YVR->STL May 15
Continental Airlines: YVR->EWR & YVR->IAH (2nd flight) May 2
United Airlines: YVR->DEN (2nd flight) May 5
America West: YVR->PHX (2nd flight) Jun 1

Canadian Airlines Sells Toronto-Tokyo Route Authority to Air Canada.
Air Canada releases plans for the new combined AC/CP.
DOMESTIC
Air Canada and Canadian Airlines will implement new optimal schedules for daily flights on main domestic routes. Changes will target routes where there is substantial surplus capacity, while continuing to provide conveniently timed flights with the right aircraft size.
By streamlining schedules and reallocating excess capacity, Air Canada will introduce non-stop service between: Montreal-Edmonton, Vancouver-Halifax and Toronto-Victoria year-round, thereby bypassing hub airports and dramatically reducing flying time for consumers. In addition, schedules will be adjusted to offer hourly flights on Toronto-Calgary and Toronto- Vancouver routes. Consumers will also benefit from increased flights on Montreal-Winnipeg, Montreal-Calgary and Ottawa-Winnipeg routes, as well as year-round widebody service on Montreal-Vancouver. AirBC, Air Ontario, Air Nova and Canadian Regional Airlines will
similarly optimize their schedules to and from regional points. Communities served by Air Canada, Canadian or their respective wholly-owned subsidiaries will continue to be served.
A number of underutilized jet aircraft will be reallocated to address the growth on transborder routes. TRANSBORDER
Air Canada will continue to expand its transborder services, consolidating its position as the airline of choice linking Canada and the United States. Air Canada plans to launch new transborder routes including
Montreal-Denver CO, Toronto-Greensboro NC, Toronto-Ontario CA and Toronto-Orange County CA (the latter two serving the Los Angeles area). In addition, Air Canada will increase flights on a number of transborder routes including Calgary-Chicago IL, Ottawa-Washington D.C. National and Toronto-Las Vegas NV. INTERNATIONAL
Canadian consumers will benefit from increased direct access to major cities worldwide. Air Canada will launch daily Toronto-Tokyo, Toronto-Hong Kong and Toronto-Mexico flights, subject to obtaining required designation,
traffic rights and slots from appropriate authorities. In addition, Air Canada will seek to use dormant authorities for routes including Vancouver- Shanghai, Vancouver-Mexico City and Montreal-Milan as well as expand service on routes such as Montreal-Rome.
Further details on new routes to be launched will be announced in the coming weeks.
Air Canada and Canadian will not initially be merged. Both carriers will be operated separately, providing choice and distinct brands. Seat sales will continue and the frequent flyer points of both airlines will continue to be honoured according to their respective programs. There will be reciprocal code sharing on the flights of both Air Canada and Canadian Airlines, permitting passengers to continue to support their choice of frequent flyer program. Canadian Airline's network will eventually be part of Star Alliance, offering customers the benefits of the world's largest, most comprehensive global airline alliance. Star Alliance benefits include access to an
unprecedented 280 lounges worldwide for eligible frequent flyer members as well as accumulation and redemption of qualifying miles with the world's leading carriers.

November 1999

Air Canada announced that a newly formed corporation owned in part by Air Canada (``the Offeror') today mailed its Offer to purchase all the issued and outstanding Common Shares and Non Voting Shares of Canadian Airlines Corporation for a price of $2 per share. Air Canada is providing all of the funding required to complete the Offer but the Offeror will not be a subsidiary of Air Canada prior to the debt restructuring of Canadian being completed.
Highlights of Air Canada's plan, if the purchase of the shares by the Offeror is completed, include the following:
- Air Canada and Canadian will not initially be consolidated. The airlines will operate as separate entities providing distinct brands.
Canadian will become a subsidiary of Air Canada after the debt restructuring.
- Canadian will retain a smaller head office and will be led by a team of Canadian and Air Canada executives.
- There will be no involuntary termination of employment of any Canadian or Air Canada employees (or employees of the wholly owned regional airlines) as part of restructuring plan.
- There will be a net employment reduction of approximately 2,500 employees to be accomplished through attrition, early retirement programs and voluntary severance packages to be made available to employees.
- All collective agreements applicable to Canadian and its regional airlines will be honoured. Over time, the collective agreements will be renegotiated with the objective of aligning work rules and equalizing wage levels as between similar classifications and categories of Air Canada and Canadian, and their respective regional airlines.
- Canadian will initiate a comprehensive restructuring and operational overhaul and seek AMR's exit from its ownership and control structure in Canadian on a basis that is fair to Canadian's stakeholders.
- The schedules of Air Canada and Canadian will be redesigned to meet the needs of consumers, while addressing the companies' profitability and
productivity objectives and protecting the rights of employee groups.
- Frequent flyer points from both airlines will be honoured.
- Air Canada and Canadian routes will be streamlined to address surplus capacity and both airlines will code share on each other's domestic
flights. The number of daily flights to certain communities will be adjusted to reflect local demand, remove duplication and potentially
increase choice for consumers. All communities currently served will continue to be served.
- Air Canada intends to take full advantage of the international route authorities and will commence the following services: Toronto-Tokyo,
Toronto-Hong Kong, Vancouver/Toronto-Mexico, Vancouver-Shanghai, Vancouver-Sydney, Montreal- Milan/Rome, Toronto-Madrid and Toronto-Amsterdam.

October 1999

Royal Airlines new domestic schedule for Vancouver:

From Vancouver to Winnipeg 5 times a week (Starting October 18th)
to Toronto 5 times a week (Starting October 18th)
From Toronto to Vancouver 5 times a week (Starting October 18th)
to Winnipeg 5 times a week (Starting October 18th)
to Montreal 4 times a day (Starting October 15th)
to Halifax 5 times a week (Starting Now)
From Montreal to Toronto 4 times a day (Starting October 15th)
to Halifax 5 times a week (Starting October 15th)
to Winnipeg 5 times a week (Starting October 18th)

September 1999

Canadian Airlines Corporation announced today that the Board of Directors of the Corporation is supporting and recommending to its shareholders a proposal by Onex Corporation to combine Canadian Airlines and Air Canada.
The ONEX corp.this morning made a $5.7 billion offer to buy both Air Canada and Canadi>n and merge then into one company. $2 a share for Canadi>n and $8.25 for Air Canada. The new cpmpany would be called Air Canada and be headquartered in Montreal. They expect to shed some 5000 jobs through attrition over the next two years. This mornings news conference made it clear that ONX has been talking to Canadi>n for the past two months about this, but has yet to hold disscussions with Air Canada. ONX owns Skychefs. Onx would own 31% of the new company, American 15% (thru it's present investment in Canadi>n) and the rest they didn't say. No comment made about fleet rationalization.

Back to YVR News

This page hosted by

Get your own Free Home Page