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Canada aviation news

Air Canada Announces Closing of US$537,092,000 Private Offering of Enhanced Equipment Trust Certificates

Air Canada announced today the closing of its previously announced private offering of three tranches of enhanced equipment trust certificates, in the aggregate face amount of U.S.$537,092,000. The private offering was comprised of Class AA certificates, Class A certificates and Class B certificates. The Class AA certificates have an interest rate of 3.750% per annum and a final expected distribut...

Canada Developing Child-safety Measures for Aircraft

Transport Canada has responded to two recommendations from the country’s Transportation Safety Board (TSB) to improve the safety of children traveling on commercial aircraft, including on-demand and air-taxi operations using business aircraft. The first recommendation requires operators to report on a routine basis the number of infants (under two years old) and young children (two to 1...

Bombardier to Bridge Cooperation in China

In 1998, Bombardier, the world's leading train manufacturer, became the last foreign company to tap into China's rail transportation market. Since then, however, the company has overwhelmed its foreign peers in market share and has become one of the nation's most successful companies within the sector. Despite the company's success, Zhang Jianwei, president of Bombardier China,...

Transport Canada Grounds Buffalo Airways

Transport Canada (TC) says it has suspended the Air Operators Certificate (AOC) of Buffalo Aurways (J4, Yellowknife) with effect from November 30 citing the airline's poor safety record. "Transport Canada takes its aviation safety oversight role very seriously and expects every air operator to fully comply with aviation safety regulations," the regulatory body said. "Whe...

Pearson airport sees greenhouse gas emissions drop almost by half

Leaping ahead of a potential carbon tax, airport makes environmental headway but most of achievement came from greener grid. Toronto Pearson International Airport’s greenhouse gas (GHG) emissions have dropped nearly by half since 2006, a feat it claims is equivalent to 44,800 tonnes worth of carbon dioxide. That fact, nine years in the making, means Toronto Pearson has joined an elite...

Bombardier Eyes CSeries Market Entry As It Seeks Cash

Bombardier continues to talk to Canadian officials about another possible $1 billion investment as it transitions from development to entry-into-service of its new CSeries program. The program received a boost from the recent $1 billion commitment from the Government of Quebec, which strengthened the company’s near-term liquidity position. The company since has asked government officials in...

Bombardier Outlines Plan for Improved Profitability

Bombardier is preparing for dampened revenue next year with Global 5000/6000 production cuts and expectations of a slightly down or flat market over the next two years. David Coleal, president of Bombardier Business Aircraft, told investors on November 24 that the company has “right-sized” production and expects rates to remain flat – barring major market changes – through...

Air Canada Adds Seasonal Vancouver-Dublin Flights for Summer 2016

 Air Canada today announced a further, strategic expansion of its Vancouver hub with the addition of the only non-stop flights to Dublin, Ireland next summer. This new seasonal route follows the recent announcement of several enhancements at the airline’s Vancouver hub for 2016, including new transborder services to Chicago, San Jose and San Diego, double daily flights to London Heathro...

Bombardier says lower jet production to hurt 2016 revenue

Canadian plane and train maker Bombardier Inc said lower production of its business jets — Global 5000 and Global 6000 — will drive down revenue in 2016. The company, which is scheduled to hold an investor day on Tuesday, said it expects its liquidity position to be strong in 2016, helped by investments from Quebec pension fund Caisse de depot et placement du Quebec and the gov...

Air Canada Unveils Major Expansion to 12 U.S. Destinations

Air Canada announced today new non-stop services between four key Canadian hubs and 12 U.S. cities beginning next summer. The new transborder routes will introduce new destinations, such as Toronto-Washington-Dulles, Toronto-Salt Lake City and Vancouver-San Jose, while also creating new city-pair routings, such as Vancouver-Chicago, Montreal-Houston, Montreal-Denver and Calgary-San Francisco. To p...

Bombardier launches Smart Link service

Bombardier has launched its Bombardier Smart Link service, which will be progressively rolled out for Learjet, Challenger and Global aircraft. Smart Link's performance and operations monitoring and reporting services offer Bombardier aircraft operators information and reports that will improve the in-service performance of their aircraft, ensure faster return to service, and ultimately, ena...

World Fuel’s Ascent Brand Debuts in Canada

World Fuel Services (WFS) has begun the expansion of its Ascent-branded FBO network into the Canadian market with the addition of Million Air Vancouver as its first location north of the border. The branding will give the Million Air facility access to WFS’s various customer support initiatives, as well as to the FlyBuys Rewards loyalty program. “The addition of...