Air Canada, WestJet, Transat, Sunwing and more: The latest updates amid the coronavirus pandemic

From Travelweek Canada – link to source story

TORONTO — Canada’s airlines took swift action amid border closures and travel restrictions in the wake of the coronavirus pandemic.

Here’s the latest from Canada’s airlines. This list is updated as we receive new information from each company. The latest information can always be found at the company’s website.

LATEST UPDATE: April 28, 2021 – Air North; April 15, 2021 – WestJet; April 7, 2021 – Sunwing

Additional updates below from Canadian Aviation News.


AIR CANADA

UPDATE from Canadian Aviation News: 14 April 2021 – Air Canada is extending its suspension of most sun destination flights through the end of May 2021.

UPDATED JAN. 29, 2021: Air Canada, along with Canada’s four other major carriers, has suspended its winter season sun flights effective Jan. 31 through April 30, upon request from the federal government. Impacted passengers can opt for future travel credits or refunds. More details are here: https://www.aircanada.com/ca/en/aco/home/book/travel-news-and-updates/2020/covid-19.html.


AIR NORTH

Air North, Yukon’s Airline is currently flying with a reduced schedule due to COVID and offering flights between Whitehorse and Vancouver, Kelowna, and Victoria. Effective May 5 Air North will be resuming flights between Whitehorse and Calgary & Edmonton as well. For more information on Air North’s schedule go to https://www.flyairnorth.com/flights/flight-schedules


FLAIR AIRLINES

UPDATED MARCH 31, 2021: Flair Airlines is expanding its network starting May 1 with service being added to Ottawa, Kitchener-Waterloo, Halifax and Saint John, plus service starting in June to Thunder Bay and Charlottetown. Service to Victoria is set to begin in July, and to Abbotsford in August. Flair will also add Montreal to its network effective July 1. The airline’s latest change policies are at https://flyflair.com/travel-info/customer-service/covid-19-updates.


PORTER AIRLINES

UPDATE from Canadian Aviation News: 12 April 2021 — Porter Airlines sets tentative restart date to 21 June 2021.

UPDATED MARCH 2, 2021: Porter Airlines has pushed back its planned restart date to May 19, 2021. Further updates will be provided this winter based on the status of the pandemic and government measures, said President and CEO Michael Deluce.


SUNWING

UPDATED APRIL 7, 2021: Sunwing’s domestic summer program is now open for bookings. Flights start in May 2021 and run until the beginning of September 2021. Sunwing, along with Canada’s four other major carriers, suspended its winter season sun flights effective Jan. 31, upon request from the federal government. Originally suspended through April 30, on April 1 Sunwing announced it was extending the suspension through June 23. Sunwing has also cancelled domestic flights to/from B.C. and Newfoundland from May 1 to June 23, 2021. Customers or their travel agents impacted by cancelled flights are being contacted by Sunwing directly to review their options. For the most up to date information see https://www.sunwing.ca/en/promotion/packages/important-travel-advisories.


SWOOP

UPDATED JAN. 29, 2021: Swoop, as part of the WestJet Group of companies, has suspended its winter season sun flights effective Jan. 31 through April 30, upon request from the federal government.


TRANSAT

UPDATED JAN. 29, 2021: Transat, along with Canada’s four other major carriers, has suspended its winter season sun flights effective Jan. 31 through April 30, upon request from the federal government. Impacted passengers can opt for future travel credits or refunds. Transat’s FTCs are fully transferable, with no expiry date.  More information for Transat can be found here.


WESTJET

UPDATE from Canadian Aviation News: 14 April 2021 – WestJet is extending its suspension of most sun destination flights to 4 June 2021.

UPDATED APRIL 15, 2021: WestJet, along with Canada’s four other major carriers, suspended its winter season sun flights effective Jan. 31 through April 30, upon request from the federal government. On April 13 WestJet advised that it was extending that suspension until June 4, 2021. More details are at https://www.westjet.com/en-ca/travel-info/advisories.

Transat close to reaching aid deal with Ottawa, sources say

From The Globe and Mail – link to source story

MONTREAL, REUTERS | APRIL 28, 2021

Struggling tour operator Transat AT is very close to reaching a financial aid deal with the federal government involving a loan, two sources familiar with the matter told Reuters on Wednesday.

The deal would involve a loan under Canada’s Large Employer Emergency Financing Facility (LEEFF), the sources said on condition of anonymity because the talks are confidential.

Transat, which is scheduled to hold its annual general meeting on Thursday, declined to comment. The federal finance ministry, which is leading the talks with Transat, was not immediately available for comment.

It was not clear whether a deal would be reached by Thursday.

Air Canada dropped its merger plans with Transat earlier this month, creating uncertainty for the Montreal-based operator of leisure carrier Air Transat, which was already struggling due to the pandemic.

Transat has previously said it was holding discussions with the government regarding the LEEFF program and sectoral aid.

Transat, which has suspended flights until June due to pandemic restrictions that have battered travel, has said it needs at least $500-million (US$406-million) in financing this year.

It has obligations due on April 29 for a $50-million revolving facility and a $250-million short-term loan that matures on June 30. If it does not meet the April 29 requirements, or obtain another extension, creditors could accelerate the repayment obligation.

Air Canada, itself struggling with a collapse in traffic due to the COVID-19 pandemic, reached a deal earlier this month on a long-awaited aid package with the federal government that would allow it to access up to $5.9-billion (US$4.69-billion) in funds.

Government docs suggest months of inaction on ‘gap’ in passenger refund rules

From CTV News – link to source story

Christopher Reynolds, The Canadian Press Staff | Wednesday, April 28, 2021

OTTAWA — Internal documents suggest it took about half a year for the federal government to take action on air-passenger refunds after it first identified “gaps” in the rules.

Emails between Transport Canada and the Canadian Transportation Agency, the federal airline watchdog, reveal that back in May 2020, officials highlighted regulatory blind spots around reimbursing passengers whose flights were cancelled due to the COVID-19 pandemic.

One discussion document, recently released to the House of Commons transport committee, says the pandemic exposed holes in the regulatory framework.

“There are no clear and consistent ground rules for how passengers should be treated in circumstances when it is impossible for the airlines to complete passengers’ itineraries,” the document says.

But the correspondence suggests the issue barely resurfaced internally until shortly before then-transport minister Marc Garneau directed the agency on Dec. 21 to strengthen the refund rules, which have not yet been put into place.

Bloc Quebecois transport critic Xavier Barsalou-Duval says the government showed no willingness to tackle the issue through most of 2020.

NDP transport critic Taylor Bachrach says Canadians deserve an explanation as to “why it took so long” to act.

“If you just look through the documents, it looks like they took the summer off, almost. It’s troubling because the amount of money that Canadians are owed — most of them are still owed that money — is a huge amount,” Bachrach said.

Earlier this month, Ottawa announced an aid package for Air Canada in exchange for a pledge to refund passengers, among other conditions, but several other airlines are still refusing reimbursement.

The emails also underscore Canada’s weak passenger protection laws compared to some countries, despite a new passenger rights charter that came fully into effect in December 2019.

Details included in the correspondence note that the United States and European Union require airlines to fully refund passengers “if the airline cancelled a flight, regardless of the reason.” In Canada, however, reimbursement hinges on the tariff — the contract between passenger and carrier — as “no refund obligation” exists.

“Repeatedly the minister already said that he had no ability to mandate the refunds, that the (transportation agency) was an arm’s-length body, that we should look at the waivers that come with the airline tickets,” Bachrach said.

“And yet we see in December that indeed the minister was able to do something. But at that point airlines had been sitting on billions of dollars of Canadians’ hard-earned money in the midst of a pandemic, when a lot of families had been financially devastated.”

The Transport Department and transportation agency did not respond immediately to requests for comment Wednesday.

In December, Garneau instructed the agency to craft a new regulation that is “fair and reasonable” to passengers whose flights are cancelled for reasons beyond the carrier’s control, “such as a pandemic.”

“The ongoing COVID-19 pandemic has highlighted a gap in the air passenger protection framework, which did not foresee the potential for large-scale and lengthy flight cancellations and groundings of air carrier fleets not only in Canada but globally,” he said, using language mirroring what was written in the documents more than seven months earlier.

Scott Streiner, chair and chief executive of the quasi-judicial agency, has said it aims to have the new regulations in place by the summer.

This report by The Canadian Press was first published April 28, 2021.

Port Hardy Airport named as a finalist for construction awards

From North Island Gazette – link to source story

BLACK PRESS MEDIA STAFF | Apr. 27, 2021

The Port Hardy Airport looks in fantastic shape after extensive renovations. (Tyson Whitney - North Island Gazette)
The Port Hardy Airport looks in fantastic shape after extensive renovations. (Tyson Whitney – North Island Gazette)

The Port Hardy Airport has been named as a finalist for the 14th annual Vancouver Island Real Estate Board Commercial Building Awards.

The awards will be announced May 7. For the second straight year, the event will be virtual through a Zoom presentation.

Commercial, industrial and revenue-producing projects, including renovations, from the Malahat all the way to Port Hardy are up for these awards, and must have been completed between January 1 and December 31, 2020.

“We are very pleasantly surprised and absolutely thrilled by the number of nominations and finalists this year,” says Mark MacDonald of Business Examiner, which coordinates the event. “We knew construction continued at a very strong pace last year, but didn’t think we’d get more than the 43 we had the previous year.”

Nomination deadline was March 31.

Finalists are:

Campbell River (7) – Campbell River Airport, BC Transit, Crestview Townhomes, Campbell River Golf Club, Linda’s Place, NEO Apartment Residences and Southpoint.

Chemainus (2) – The Cottages, Vancouver Island Regional Library.

Courtenay (4) – Cubes, Enclave Residences, JRP Solutions, Parkside.

Cowichan Valley (1) – BC Transit.

Duncan (1) – The Aria.

Ladysmith (1) – Ladysmith Thrift Store.

Nanaimo (20) – Nanaimo Association for Community Living, Nanaimo Airport, Aspengrove School, Caledonian Clinic, Dodd’s Furniture, Minute Men Storage, Nanaimo Affordable Housing Society at 77 Mill Street, Nanaimo Innovation Academy Classroom, North Grove Apartments, Oakwood, Quality Inn, Riverstone Place, SPCA Barn, The Met, The Virage, VI Granite & Quartz, Village Centre, Village on Third Phase 2, VIMHS Rosehill, Wendy’s.

Nanoose (1) – Fairwinds Landing.

Parksville (3) – CRU Building, Gateway Apartments, Sandscapes Apartments.

Port Alberni (1) – CHIMS Guest House.

Port Hardy (1) – Port Hardy Airport.

Qualicum Beach (1) – Qualicum Beach Airport.

Tofino (2) – Hotel Zed, Surf Grove Campground.

There will also be a Judges’ Choice Award for the best overall entry. Last year’s winner were the Tourism Tofino buildings in Tofino. The event was held in September last year due to the pandemic, with winners announced via Zoom.

A select team of independent judges from the real estate industry have adjudicated the 2020 entries.

Alberta concerned Air Canada relief package may disadvantage WestJet

From CBC News – link to source story

Ottawa is giving flag carrier a $5.9B aid package that includes a $500M equity stake

Elise von Scheel · CBC News · Apr 28, 2021

Alberta is asking the federal government for assurances that airlines like WestJet, which is based in Calgary, won’t get left behind because of the Air Canada bailout deal. (Darryl Dyck/The Canadian Press)

Alberta is asking the federal government for assurances that Air Canada won’t get preferential treatment over Calgary-based WestJet now that Ottawa is a part owner of the nation’s largest airline. 

Travis Toews, minister of finance, sent a letter two weeks ago to his federal counterpart, Chrystia Freeland, urging her government to adequately support other airlines during Canada’s post-pandemic economic recovery. 

“I am concerned about the implications of the federal government now owning a portion of Air Canada, and the impact on competitiveness this may have on our other national airline, WestJet,” it reads. 

The letter notes WestJet already has a number of measures in place that were conditional for Air Canada to get the support, including restoring service to airports and a refund policy. 

It asks for “assurance” that Ottawa will continue to “exercise neutrality and ensure a level playing field in Canada’s airline sector.”

On April 12, the federal government announced it would support Air Canada with a $5.9 billion aid deal — including $500 million in equity, giving Ottawa a stake in the company for the first time since it was privatized in 1989. 

WestJet is continuing discussions about assistance with the federal government, according to the airline and Freeland’s office. 

Give all airlines equal treatment, Toews asks

WestJet also thanked the province for its intervention, but Alberta isn’t pushing for a specific deal on its behalf.

“I don’t have an optimal solution,” Toews told CBC News. “I would suggest that equivalent assistance needs to be offered to all carriers regardless of size or market share.”

Toews did not say what role the province could potentially play in supporting WestJet — and aviation is typically a federal jurisdiction. He said his focus is on creating a stable business environment for the airline to operate in. 

Ottawa said the conversations with airlines aren’t over. 

“Maintaining a vibrant, competitive Canadian air sector and Canadian airlines is a priority,” a statement from Freeland’s office said. 

The airline sector has received $2.1 billion in aid through the Canada Emergency Wage Subsidy and a separate $1 billion for the sector, plus the $5.9 billion specifically for Air Canada.  

Freeland’s office also said the government is open to providing help refunding airline passengers in the event the company does not need liquidity. 

Rick Erickson, an independent airline analyst in Calgary, said he was surprised to see the federal government broker a deal with one specific airline and not have a large blanket offer to the industry. 

“There needs to be some kind of reassurance from the federal government that there’s neutrality here,” he said, adding his concern with the ownership stake Ottawa now has.

“I really question the need for the federal government to have an ownership stake, and I’m somewhat concerned about what the implications might be since we’ve seen it many times in the past with government policy and the necessity to make commercial decisions are often at loggerheads.”

Sunwing announces winter flight schedule from regional gateways across Atlantic Canada

Tour operator to offer weekly flights from Halifax, Moncton, Saint John, Fredericton, St. John’s, Deer Lake and Gander

TORONTO, April 27, 2021 (GLOBE NEWSWIRE) — Sunwing is making it easier for residents of Atlantic Canada to head back to the tropics this winter, with convenient weekly flights from regional gateways across Nova Scotia, New Brunswick and Newfoundland. Residents of Halifax, Moncton, Saint John, Fredericton, St. John’s, Deer Lake and Gander can make their much-anticipated return to paradise with vacation packages to some of the most popular destinations across the Caribbean and Mexico. Flights will begin in January 2022 and run weekly until May 2022.

“We’re thrilled to be returning to Atlantic Canada for another winter season,” commented Andrew Dawson, President of Tour Operations for Sunwing Travel Group. “After a difficult year, we’re sure that Canadians will be eager to return to paradise and enjoy some much-needed rest and relaxation. We’re excited to be able to help them enjoy a frictionless vacation experience with convenient flights from local gateways across the region.”

Residents of Atlantic Canada will be able to choose from a range of vacation packages designed for every travel style and budget. Sun-seekers can Vacation Like a Star™ at the newly-opened Planet Hollywood Beach Resort Cancun and the first-ever Planet Hollywood Adult Scene Cancun, featuring entertainment-themed facilities and authentic Hollywood memorabilia around the resort. Those looking to make the most of their vacation budget can enjoy exclusive RIU®-topia inclusions at Canadian-favourite chain RIU Hotels & Resorts, including the recently renovated Riu Montego Bay. Plus, travellers who book by April 30, 2021 for travel between November 1, 2021 and April 30, 2022 can enjoy flexible booking options with the ability to change their plans with ease and save up to $1,000 per couple during the tour operator’s Freedom 21/22 Sale.

The flight schedule from Halifax, NS will be as follows:

  • Between Halifax and Cancun, Sundays from January 16, 2022 until May 8, 2022
  • Between Halifax and Montego Bay, Mondays from January 17, 2022 until May 9, 2022
  • Between Halifax and Puerto Plata, Tuesdays from January 18, 2022 until May 10, 2022
  • Between Halifax and Punta Cana, Fridays from January 14, 2022 until May 6, 2022
  • Between Halifax and Cayo Coco, Wednesdays from January 12, 2022 until May 11, 2022
  • Between Halifax and Cayo Santa Maria, Thursdays from January 13, 2022 until May 5, 2022
  • Between Halifax and Holguin, Sundays from January 16, 2022 until May 8, 2022
  • Between Halifax and Varadero, Thursdays and Saturdays from January 13, 2022 until May 7, 2022

The flight schedule from Moncton, NB will be as follows:

  • Between Moncton and Cancun, Thursdays from February 10, 2022 until May 5, 2022
  • Between Moncton and Montego Bay, Sundays from February 13, 2022 until May 8, 2022
  • Between Moncton and Puerto Plata, Fridays from February 11, 2022 until May 6, 2022
  • Between Moncton and Punta Cana, Saturdays from February 12, 2022 until May 7, 2022
  • Between Moncton and Varadero, Fridays from February 11, 2022 until May 6, 2022

The flight schedule from Saint John, NB will be as follows:

  • Between Saint John and Varadero, Saturdays from February 5, 2022 until May 7, 2022

The flight schedule from Fredericton, NB will be as follows:

  • Between Fredericton and Cancun, Mondays from February 14, 2022 until May 9, 2022
  • Between Fredericton and Punta Cana, Wednesdays from February 9, 2022 until May 4, 2022
  • Between Fredericton and Cayo Coco, Tuesdays from February 15, 2022 until May 10, 2022

The flight schedule from St. John’s, NL will be as follows:

  • Between St. John’s and Cayo Coco, Thursdays from March 10, 2022 until May 12, 2022
  • Between St. John’s and Varadero, Saturdays from March 12, 2022 until May 14, 2022
  • Between St. John’s and Cancun, Fridays from March 11, 2022 until May 13, 2022
  • Between St. John’s and Montego Bay, Sundays from March 13, 2022 until May 15, 2022
  • Between St. John’s and Punta Cana, Mondays from March 14, 2022 until May 9, 2022

The flight schedule from Deer Lake and Gander, NL will be as follows:

  • Between Deer Lake/Gander and Varadero, Tuesdays from March 15, 2022 until May 10, 2022
  • Between Deer Lake/Gander and Punta Cana, Wednesdays from March 16, 2022 until May 11, 2022

Vacationers can return to these Canadian-favourite destinations and travel with peace of mind knowing that the highest Canadian standards are in place throughout their entire vacation experience with the Safe with Sunwing commitment, created under the advisement of global healthcare leader Medcan.

About Sunwing

The largest integrated travel company in North America, Sunwing has more flights to the south than any other leisure carrier with convenient direct service from airports across Canada to popular sun destinations across the U.S.A., Caribbean, Mexico and Central America. This scale enables Sunwing to offer customers exclusive deals at top-rated resorts in the most popular vacation destinations as well as cruise packages and seasonal domestic flight service. Sunwing customers benefit from the assistance of the company’s own knowledgeable destination representatives, who greet them upon arrival and support them throughout their vacation journey. The company supports the communities where it operates through the Sunwing Foundation, a charitable initiative focused on the support and development of youth and humanitarian aid.

DHL Global Forwarding enhances LCL Expedited Service for Canadian customers

  • The solution is an additional and crucial plan for customers during the COVID-19 pandemic
  • Upgraded service seeks to connect Asia Pacific to Canada, offering fast and reliable transit lanes with significant supply chain cost savings
  • The expedited service operates with the use of smaller ships, express trucking at the origin and destination with direct delivery to customers’ door

Toronto, Canada – April 27, 2021: DHL Global Forwarding, the air and ocean freight specialist of the Deutsche Post DHL Group, announced improvements to its Less-than-Container-Load (LCL) Expedited Service, which is available now exclusively in Canada and encompasses Asia Pacific lanes. The upgraded service – which is part of the company’s continued efforts to accommodate customers’ growing need for transporting critical shipments during the COVID-19 pandemic – offers a faster “LCL Service,” by using expedited trucking as well as faster sailings on certain trade lanes to provide faster transit times for customers.

“Innovative services like these respond to the current challenges our customers are facing in the midst of the pandemic,” said Renata Mihich, Country Manager, DHL Global Forwarding Canada. “This expedited solution is extremely valuable for the rapid transportation of urgent shipments from China to Canada, and we look forward to offer this as another solution to our customers.”

The solution is emerging as an important contingency plan for customers during the COVID-19 pandemic. Due to the high demand for urgent shipments, the service was upgraded to offer faster and reliable transit lanes, significant supply chain cost savings compared to airfreight services, reduced inventory carrying costs and full visibility from origin to door.

By integrating ocean freight and trucking services to significantly increase the speed and efficiency of the shipping operations, the program reduces transit times by 7 days compared to standard LCL service from Shanghai to the Canadian East Coast.

The weekly service is an ideal middle ground between regular air and ocean freight, and is only made possible due to (1) the use of smaller ships, which require less travelling time navigating through the ocean; (2) express trucking at the origin and destination, by reducing the cut-off time for delivery and heading directly to the destination upon arrival; and (3) by clearing the cargo for customs while it is still being unloaded at the destination, it can head straight to the consignee’s door without the need of another storage location.

This LCL Expedited service was created to serve an increasingly globalized market and an ever-more demanding consumer base with lower freight cost and total real-time, door-to-door visibility available for customers of all different sectors.

Offshore helicopter crew recovers from inadvertent descent to 13 feet above water near Sable Island, Nova Scotia

Dartmouth, Nova Scotia, 27 April 2021 – In its investigation report (A19A0055) released today, the Transportation Safety Board of Canada (TSB) found that, while conducting a visual approach to an offshore helideck platform in instrument meteorological conditions (IMC), a Sikorsky S-92A helicopter inadvertently entered a low-energy state descent. The pilots were able to stop the descent and regain control within approximately 13 feet of the water.

On 24 July 2019, at 11:54 Atlantic Daylight Time, a Canadian Helicopters Offshore (CHO) Sikorsky S-92A helicopter departed Halifax/Stanfield International Airport, Nova Scotia, on an instrument flight rules flight. The helicopter was headed to the Thebaud Central Facility, an offshore platform southwest of Sable Island, Nova Scotia, with two pilots and 11 passengers on board. Two instrument approaches were attempted at the platform; however, landing was not possible due to low clouds and poor visibility.

Following the second approach, the flight crew acquired visual contact with the platform, visible above a fog layer, and elected to carry out a visual approach. Shortly after they commenced the visual approach, a high-rate-of-descent and low-airspeed condition developed in low-visibility conditions. During the descent, the helicopter’s engines were over-torqued, reaching a maximum value of 146%. The flight crew regained control of the aircraft at approximately 13 feet above the water. During the subsequent hand-flown climb, a second inadvertent descent occurred but the situation was rectified in a timely manner. The aircraft then returned to Halifax/Stanfield International Airport without further incident. The extent of the helicopter’s damage is unknown, as it has been removed from service. There were no injuries.

The investigation determined that instrument meteorological conditions existed at the time of the occurrence, which created a degraded visual environment that was highly conducive to spatial disorientation and provided inadequate cues to permit a visual approach to the Thebaud Central Facility. In an attempt to complete their assigned task within self-imposed time constraints, the pilots’ decision-making process was influenced by their past experience and ease with each other. As a result, they attempted a non-standard visual approach in a degraded visual environment, without thoroughly considering the risks or alternative options.

The investigation also found that CHO’s standard operating procedures provided flight crews with insufficient guidance to ensure that approaches were being conducted in accordance with industry-recommended stabilized approach guidelines.

The pilot flying’s workload increased during the approach when he depressed and held the cyclic trim release button, which contributed to the control difficulties that were encountered. If manufacturers’ flight manuals and operators’ standard operating procedures do not include guidelines for the use of the cyclic trim release button, it could lead to aircraft control problems in a degraded visual environment due to the sub-optimal use of the automatic flight control system.

The investigation also found that the S-92A’s enhanced ground proximity warning system (EGPWS) provides no warning of an inadvertent descent at airspeeds below 50 knots when the landing gear is down. As a result, the EGPWS did not alert the flight crew of the impending risk of controlled flight into terrain. Since there is currently no requirement for commercial helicopters to be equipped with an EGPWS, nothing prevents a manufacturer and/or operator from inhibiting modes of an installed EGPWS, which in turn degrades the system’s capabilities.

In 2016, the TSB issued Recommendation A16-10 calling for terrain awareness and warning systems for commercial helicopters that operate at night or in IMC. Until EGPWS / helicopter terrain awareness and warning systems become mandatory for Canadian commercial helicopters that operate at night or in IMC, flight crew and passengers aboard these flights are at increased risk of controlled flight into terrain.

Following the incident, CHO took several safety actions and subsequently requested the suspension of its air operator certificate since it no longer had any aircraft in its possession, nor did it have any ongoing contracts.

See the investigation page for more information.


The TSB is an independent agency that investigates air, marine, pipeline, and rail transportation occurrences. Its sole aim is the advancement of transportation safety. It is not the function of the Board to assign fault or determine civil or criminal liability.

K’omoks First Nation Councillor appointed to Comox Valley Airport Commission board

From Comox Valley Record – link to source story

Richard Hardy has been appointed to the Comox Valley Airport Commission board. Photo supplied

The Comox Valley Airport Commission (CVAC) has appointed Comox Valley Economic Development Society nominee Richard Hardy to the CVAC Board for a three-year term.

Apr. 26, 2021

The Comox Valley Airport Commission (CVAC) has appointed Comox Valley Economic Development Society nominee Richard Hardy to the CVAC Board for a three-year term.

Hardy is a current member and Councillor of the K’omoks First Nation; prior to that appointment he was the general manager of the KFN aquaculture company, Pentlatch Seafoods LP. He has been an active member of the executive with the Comox Valley Economic Development Society (CVEDS) including serving as president. Before being involved with CVEDS, Hardy was a volunteer board member for the British Columbia Shellfish Growers Association.

“Richard brings a wealth of experience in local government and economic development, in addition to his commercial experience,” said CVAC board chair Martin Crilly. “While the airport remains open to support essential travel, we are hopeful that we can soon turn our attention to setting a course to renewed growth, under the guidance of an experienced and diverse board. We welcome Richard’s willingness to join us in this effort.”

The Comox Valley Airport Commission is the governing authority for the operation of the Comox Valley Airport. The nine-member commission is broadly representative of the Comox Valley community and its members are nominated by the City of Courtenay, the Town of Comox, the Village of Cumberland, the Comox Valley Regional District (CVRD), the Comox Valley Chamber of Commerce and the Comox Valley Economic Development Society (CVEDS).

CVAC is a federally incorporated, non-profit entity, established through letters patent in 1996.

Aéroports de Montréal announces 400 M$ bond issue

MONTRÉAL, April 26, 2021 /CNW Telbec/ – ADM Aéroports de Montréal announced today that it has issued a new series of revenue bonds to raise total capital of $400 million. The net proceeds from the sale of the bonds will be used to fund ADM’s general corporate activities and its capital investment program. The COVID-19 pandemic and the measures put in place to limit air travel across the world will continue to have a significant impact on ADM’s finances.
“With the help of our exceptional teams, ADM has set up an action plan over the upcoming 12 to 18 months, which focuses on safety as well as maintaining airport operations on our two sites, while laying out the foundations for a sustainable recovery. This bond issuance will allow us to carry out our action plan and invest in essential projects to maintain the integrity of our assets, for the benefit of the community” indicated Philippe Rainville, President and CEO of ADM.

Broadly distributed to institutional bond investors, the issue consists of $400 million of Series S Revenue Bonds bearing interest at 3.441% and maturing in April 2051. CIBC Capital Markets and National Bank Financial Markets acted as joint lead dealers and joint bookrunners, RBC Capital Markets acted as joint lead dealer and the syndicate also included Desjardins Securities Inc., BMO Capital Markets and HSBC Securities (Canada) Inc.

About Aéroports de Montréal

ADM Aéroports de Montréal is the airport authority for the Greater Montréal area responsible for the management, operation and development of YUL Montréal-Trudeau International Airport, certified 4-stars under the Skytrax World Airport Star Rating program, and YMX International Aerocity of Mirabel.