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MISSISSAUGA - Cargojet Income Fund (the "Fund") (TSX: CJT.UN) announced today that Ajay K. Virmani, President and Chief Executive Officer of the Fund, will be featured live on ROBTv (Report On Business), on Wednesday, August 16, 2006 at 10:40A or alternatively the interview may be seen by webcast on www.robtvo.com.
MONTREAL - Air Canada today announced wide ranging improvements in scheduled services to many of its sun destinations in time for planning vacations this coming winter. Overall, the airline is increasing the number of seats between Canada and the sun destinations it serves by over 13 per cent, or almost 10,000 additional seats per week, compared to last winter.
MISSISSAUGA - Cargojet Income Fund (the "Fund") (TSX: CJT.UN) announced an increase in distributions. The Fund is pleased to advise that in connection with the release of the Fund's strong second quarter 2006 results, the Board of Trustees has determined that it will increase the Fund's ongoing monthly distributions by 3%. On an annualized basis, this escalates the Fund's distributions from a $1.10 per unit to a $1.133 per unit. The distribution of $0.0945 per…
St. John’s - Marshall Dean, Senior Vice President and Managing Director of Provincial Airlines (“PAL”) is pleased to announce that PAL is expanding into Quebec and increasing its services in Newfoundland and Labrador. Commenting on the new schedule, Dean noted that, “All of us at PAL are excited by our decision to extend PAL’s schedule service into Montreal while simultaneously enhancing our daily connections in Newfoundland and Labrador”.
MONTREAL - ACE Aviation Holdings Inc. (ACE) today reported net income of $236 million for the second quarter 2006 compared to net income of $169 million in the 2005 quarter. ACE reported operating income of $181 million for the quarter, despite a fuel expense increase of $101 million or 19 per cent over the second quarter of 2005. Operating income increased by $3 million compared to the second quarter of 2005. Net income includes foreign…
HALIFAX - Today, Jazz Air Income Fund (TSX: JAZ.UN) ("Jazz Air Fund") announced the second quarter results of Jazz Air LP (Air Canada Jazz), with a profit of $35.6 million - an improvement of 50.6% over the same quarter 2005. These results were primarily generated under a Capacity Purchase Agreement (CPA) with Air Canada that became effective January 1, 2006. Jazz Air Income Fund has a 20.3% ownership interest in Jazz Air LP.
MONTREAL - Air Canada advises customers that due to heightened security measures, Air Canada and Jazz flights may experience delays. Transport Canada has advised that effective today, liquids or gels in containers of any size will not be permitted to be brought onboard by passengers as carry-on baggage on all flights (domestic Canada, U.S. transborder and international). Passengers may be subject to similar restrictions in other jurisdictions.
HALIFAX - Air Canada Jazz crews elected to divert a Montreal-Washington (Reagan) scheduled flight into Baltimore MD in order to have local authorities investigate an unidentified package which was found on board. Flight number 7652 landed safely in Baltimore and passengers were deplaned so that local authorities could investigate. The crew opted to divert as a precautionary measure.
MONTREAL - Aeroplan Income Fund (TSX: AER.UN) today reported the second quarter results of Aeroplan Limited Partnership ("Aeroplan LP"), in which the Fund has a 24.7% ownership interest.
TORONTO - Porter Airlines announced today that on August 8, 2006, Jazz Air LP chose to discontinue its legal proceedings against Porter. On March 9, 2006, Jazz Air LP had commenced an application with the Federal Court of Canada claiming, amongst other things, that the Toronto Port Authority (TPA) had entered into agreements and made arrangements with Porter Airlines that were unlawful. In this proceeding, Jazz Air LP sought to set aside Porter Airlines' arrangements…