PDF - InterVISTAS

Transcription

PDF - InterVISTAS

INTERVISTAS
MARKET INTELLIGENCE
REPORT
RISING FUEL PRICES
10 February 2005
The price of crude oil has not closed below $40 since July 2004…
The price of crude has consistently traded within the $40 to $55 range since July 2004. The price has
not dropped below $40 over the past 6 months. Financial analysts forecast that crude oil prices will
stay within this price range for the near term. Futures prices continue to increase.
OPEC. At the recent OPEC meeting held on 30 January 2005, the consortium decided to leave
current production levels intact. OPEC is eager to leave the crude oil stock at current levels and not
allow stock to build through the second quarter of the year when demand in the Northern hemisphere
declines after the winter season. At the meeting, OPEC also decided to “temporarily suspend” its
pricing band mechanism. Historically, OPEC had a price band for crude oil between $22 and $28.
The last time crude oil traded within that pricing band was in early 2003, just prior to the Iraq war.
Doris Mak
Senior Project Manager
Increased International Consumption. The International Energy Agency, a Paris-based watchdog
for the Organisation for Economic Co-operation and Development, had raised its estimate for 2005 oil
demand by 80,000 barrels per day, resulting in an overall average demand of 84 million barrels per
day worldwide. The forecast revision can be attributed to strong demand by China and other
countries in Asia that are not a part of the OECD.
Other Global Factors. Analysts are bullish on the long-term outlook for the price of crude oil.
Continued demands for oil by China and India, and continued instability in the Middle East will keep
demand high. Still simmering in the background is the Yukos affair. Russian authorities claim that
Yukos owes nearly $30 billion in back taxes. The company stated that these issues might disrupt its
output.
…. Continued high futures prices expected
Futures prices have continued on the same upward trend established throughout 2004 into 2005.
The price of a barrel of crude oil contracted in June 2004 for delivery in December 2008 was just over
$30. If that same contract was purchased today, it would cost $40, an increase of 34% compared to 8
months ago.
Page 2
February 2005
InterVISTAS Consulting Inc. Market Intelligence Report
©InterVISTAS Consulting Inc.
A REVIEW OF DOMESTIC SEAT
CAPACITY IN CANADA
11 February 2005
Over the last several years, there has been a change in the level of domestic seat capacity offered by
carriers in Canada. A comparison of OAG airline schedules in August 1999 and in August 2004
shows that although full service carriers (FSCs) such as Air Canada still account for a large proportion
of the seat capacity offered in Canada, their share of total domestic seats has declined. Meanwhile,
low cost carriers (LCCs) have increased their share of domestic seat capacity, including capacity on
coast-to-coast routes, such as those recently announced by CanJet.
Total Domestic Seat Capacity has Declined. The total amount of domestic seat capacity
Eugene Chu
Project Analyst
offered in Canada has declined from approximately 4.5 million in August 1999 to 4.3 million in August
2004 (-5%). During this period, Canadian Airlines, Canada 3000 and Royal Aviation ceased
operations, while WestJet, Jetsgo and CanJet all emerged as key players in the domestic market.
Table 1 summarises the seat capacity offered by each carrier in August 1999 and in August 2004.
Table 1: Domestic Seat Capacity in Canada
Total Volume of Seat Capacity
Carrier
Share of Total Seat Capacity
August 1999 August 2004 Change August 1999
August 2004
Air Canada1
1,988,234
2,222,543
12%
44%
52%
Canadian Airlines
1,597,238
-
-
35%
-
3,585,472
2,222,543
-38%
80%
52%
WestJet
290,848
991,826
241%
7%
23%
Royal Aviation
64,791
-
-
1%
-
Jetsgo
-
254,948
-
-
6%
CanJet
-
123,360
-
-
3%
LCC Total
355,639
1,370,134
285%
8%
32%
Other2
566,304
698,464
23%
13%
16%
4,507,415
4,291,141
-5%
100%
100%
FSC Total
Grand Total
Source: OAG Max August 1999 and 2004 disk.
Notes: Numbers may not add up due to rounding.
Includes Air Canada mainline, Zip and Jazz.
Includes Canada 3000 and other carriers.
Page 3
February 2005
1
2
Shift in the Share of Domestic Seat Capacity to Low Cost Carriers. As illustrated in Table
1, FSC’s share of domestic seats in Canada has declined from 80% in August 1999 to 52% in August
2004. In essence, Air Canada has shed the majority of the seat capacity it inherited in the merger
with Canadian Airlines.
Table 1 also shows that LCC’s share of domestic seats has increased from 8% in August 1999 to
32% in August 2004. Most of this growth is attributable to WestJet, which has increased their
domestic seat capacity offering by over 200% during this period.
LCC Seat Capacity Allocation Trends. It is interesting to note that over the last few years,
LCCs have not only increased their seat capacity offering in Canada, but have also moved into
primary airports and increased their range of services to include coast-to-coast operations. In 2002,
Calgary based WestJet moved its Eastern Canadian hub from Hamilton to Toronto, and now offers
services between Ottawa, Toronto and Montreal and several major cities on the West Coast of
Canada. Jetsgo is already offering coast-to-coast services, while CanJet has recently announced the
launch of Vancouver-Toronto services.
Page 4
February 2005
AIRLINE DATA – CANADA
Traffic and Load Factors on Canada’s Major Air Carriers- January 2005
Passenger Traffic
Air Carrier
OTHER CARRIERS:
LOAD FACTORS
CanJet: not reported
Revenue Passenger Kilometres
% Change
over 2004
% Change
from 2003
Capacity
Load Factor
Available Seat Kilometres
% Change
over 2004
% Change
from 2003
Change
over 2004
Change
from 2003
Air Canada3
+6.2%
+7.4%
-1.5%
-2.7%
+5.7 pts
(to 77.7%)
+7.3 pts
Domestic
(Mainline)
+3.4%
+4.9%
-6.3%
-7.0%
+7.2 pts
+8.7 pts
Jazz
+21.0%
+18.0%
-2.7%
-5.3%
+13.2 pts
+13.3 pts
International
& Charter
+7.3%
+8.3%
+0.4%
-0.9%
+5.1 pts
+6.7 pts
WestJet
+31.4%
+101.3%
+28.8%
+76.8%
+1.4 pts
(to 69.8%)
+8.5 pts
Jetsgo4
N/A
N/A
N/A
N/A
N/A
N/A
Analysis:
•
•
•
Air Canada continues to reduce domestic
capacity. Domestic traffic in January
2005 increased compared to both 2004
and 2003, resulting in a record load factor
for the month of January.
Although Air Canada’s international traffic
continues to increase, capacity was just
above 2004 levels and slightly below
2003. Capacity to the U.S. continues to
be reduced, while Asia Pacific capacity
posted a 2.3% increase year-to-year.
In January 2005, WestJet’s growth in
traffic outpaced the addition of capacity,
resulting in a higher load factor.
Air Canada Domestic Mainline
20%
15%
10%
5%
0%
-5%
-10%
-15%
Jazz data is not included
in this graph
Jan 04
Feb
Mar
Ap ril May
Ju n
July
Dom RPK
Aug
Sep
Oct
No v
Dec
Jan 05
Dom ASK
Air Canada International
35%
30%
25%
20%
15%
10%
5%
0%
-5%
Jan 04
F eb
M ar
Ap ril
M ay
Ju n
Int'l RPK
Ju ly
Au g
Sep
Oct
No v
Dec
Ja n05
Int'l ASK
WestJet
60%
50%
40%
30%
20%
10%
0%
Ja n04
Fe b
Ma r
April M ay
Ju n
RPK
Ju ly
Au g
Sep
Oct
No v
De c
Jan 05
ASK
Air Canada Mainline consists of all Air Canada operations with the exception of Jazz.
Jetsgo data not available at time of publication.
Page 5
February 2005
3
4
AIRLINE DATA – U.S.
U.S. Airlines Release January 2005 Traffic Figures
Traffic Data – January 2005
Airline
1
2
2
Notes:
1.
2.
Sources:
Page 6
February 2005
Load Factor
Traffic
(RPMs – millions)
(ASMs – millions)
73.3%
10,569
14,412
4.4 pts
8.1%
1.7%
61.4%
522
850
3.0 pts
28.9%
22.8%
58.9%
697
1,184
1.9 pts
25.1%
22.7%
76.1%
5,242
6,884
4.7 pts
10.1%
3.2%
71.8%
8,683
12,095
4.5 pts
12.3%
5.2%
83.7%
1,431
1,710
5.6 pts
32.6%
23.8%
76.8%
5,818
7,580
3.7 pts
11.0%
5.7%
58.8%
4,004
6,815
2.6 pts
15.9%
10.9%
76.1%
8,819
11,583
4.0 pts
4.8%
0.7%
68.3%
2,906
4,256
3.9 pts
3.9%
2.0%
Capacity
Mainline
Load factor includes scheduled service only
Carrier traffic reports.
Summary of Total Year-Over-Year Passenger Traffic Performance at Selected Canadian Airports
2003
Toronto
Vancouver
December
+1.9%
+2.8%
MontréalTrudeau
+8.5%
+5.4%
+4.9%
+6.0%
+6.0%
+2.9%
+16.1%
+9.1%
+0.8%
+2.0%
St.
John’s
+13.9%
4th
-0.1%
+0.5%
+6.4%
+3.9%
+7.4%
+4.5%
+6.4%
+1.9%
+15.6%
+6.6%
-0.4%
+6.33%
+10.8%
Full Year
-4.6%
-3.7%
+1.3%
+2.7%
+2.9%
+1.3%
+5.1%
+4.2%
+7.3%
+2.9%
-0.5%
+2.4%
+9.4%
January
+2.3%
+1.5%
+10.0%
+3.9%
+7.7%
+3.5%
+6.4%
+3.2%
+12.4%
+5.9%
-2.2%
+8.3%
+12.8%
February
+8.6%
+7.9%
+19.6%
+5.3%
+10.7%
+13.9%
+11.7%
+5.6%
+11.4% +11.6%
+7.8%
+2.8%
+19.8%
March
+9.3%
+5.2%
+21.4%
+2.0%
+8.0%
+11.4%
+11.4%
+9.0%
+8.2%
+2.6%
+10.8%
+3.9%
+21.3%
Quarter
+6.8%
+4.8%
+17.1%
+3.7%
+8.8%
+9.7%
+9.9%
+6.1%
+10.5%
+ 6.5%
+5.3%
+5.0%
+18.0%
April
+30.6%
+20.5%
+31.7%
+11.5%
+8.6%
+20.8%
+11.2%
+16.9%
+12.7%
-0.3%
+10.9%
+2.6%
+20.1%
May
+30.8%
+20.4%
+26.3%
+5.5%
+7.5%
+7.6%
+9.0%
+19.4%
+8.0%
-1.3%
-0.3%
-5.5%
+15.2%
June
+18.5%
+16.1%
+18.1%
+8.0%
+2.8%
+12.1%
+9.2%
+7.8%
+8.6%
+3.0%
+1.7%
-4.3%
+15.9%
2nd Quarter
+26.2%
+18.8%
+24.9%
+8.3%
+6.2%
+13.2%
+9.7%
+14.5%
+9.7%
+0.5%
+3.8%
-2.5%
+16.9%
July
+17.2%
+10.4%
+18.7%
+5.0%
+0.8%
+5.7%
+8.6%
+10.5%
+4.7%
-0.5%
+5.5%
+1.4%
+10.6%
August
+16.0%
+4.9%
+18.1%
+1.9%
+2.2%
+6.2%
+7.4%
+6.9%
-2.0%
-5.9%
+5.4%
+1.5%
+10.1%
September
+16.1%
+11.5%
+13.2%
+13.0%
+6.3%
+7.9%
+8.8%
+8.6%
+8.3%
+12.1%
+5.3%
-0.6%
+13.4%
3rd
+16.5%
+8.7%
+16.7%
+6.2%
+2.9%
+6.6%
+8.2%
+8.6%
+3.3%
+1.1%
+5.4%
+0.8%
+11.2%
October
+14.8%
+7.0%
+10.7%
+10.7%
-4.0%
+11.9%
+1.1%
+3.7%
-1.4%
+9.1%
+7.9%
+1.9%
+18.2%
November
+13.3%
+6.2%
+17.6%
+9.6
+4.7%
+11.4%
+4.4%
+8.3%
+0.3
+5.1%
+8.0%
-11.1%
+9.9%
1st
Quarter
2004
Quarter
Calgary
Edmonton
Ottawa
Winnipeg
Halifax
Victoria
Kelowna
Saskatoon
Regina
December
N/A
N/A
+20.9%
+8.9%
+8.4%
+11.0%
+5.1%
+8.0%
+2.1%
+3.9%
+8.1%
+3.6%
+6.8%
4th Quarter
N/A
N/A
+16.1%
+9.7%
+3.1%
+11.4%
+3.5%
+6.4%
+0.3%
+5.9%
+8.0%
-2.1%
+11.9%
Full Year
N/A
N/A
+18.6%
+7.0%
+5.1%
+10.2%
+7.7%
+9.1%
+5.7%
+3.6%
+5.6%
+0.3%
+14.0%
Source: Transport Canada
Page 7
February 2005
JAN
FEB
MAR
APR
*
**
**
JUL
AUG
SEP
OCT
**
**
**
x
NOV
DEC
x
x
**
**
x
2008
2007
2006
**
JUN
*
*
*
2005
*
MAY
x
x
x
x
x
x
x
x
x
x
x
x
x
x
Note:
Unless otherwise specified, all deliveries are 737-700 jets; all retirements are 737-200 jets.
* Indicates addition of 737-800.
** Indicates addition of 737-600.
Source: Dates provided by WestJet Airlines, effective October 2004. Retirement dates are estimates only.
Page 8
February 2005
NEWS ARTICLES
CANADIAN AIRLINE NEWS
AIR CANADA LAUNCHES BEIJINGTORONTO SERVICE
Beginning 2 June
2005, Air Canada
will start non-stop services between Toronto and
Beijing four times per week with A340-300
aircraft. The carrier will also replace the 189
seat B767-300ER aircraft with the 282 seat
A340-300 aircraft on its Vancouver-Shanghai
route during the peak season starting 1 June
2005.
AIR CANADA INTRODUCES
CODESHARE SERVICES TO VIETNAM
Air Canada has launched code-share services
to Ho Chi Minh City, Vietnam via Hong Kong
with its Star Alliance partner, United Airlines.
Air Canada operates two flights per day from
Vancouver and Toronto to Hong Kong, which
will connect with the codeshare flights to Ho Chi
Minh City operated by United Airlines.
WESTJET EXTENDS CALGARY-PALM
SPRINGS SERVICE
WestJet will extend
two of its three weekly
non-stop flights
between Calgary and Palm Springs to 2 May
2005. The weekend flight will be discontinued 3
April 2005.
WESTJET STARTS ABBOTSFORDTORONTO SERVICE, ADDS TORONTOFLORIDA FLIGHTS
WestJet has started daily non-stop services
between Abbotsford and Toronto. Between 18
March and 28, the carrier will offer 42 additional
non-stop flights from Toronto to Florida including
18 extra flights to Orlando, 12 to Fort
Lauderdale and 12 to Tampa. WestJet currently
operates 28 weekly scheduled flights between
Toronto and Florida.
Page 9
February 2005
WESTJET TO WITHDRAW FROM
GANDER, SHIFTS CAPACITY TO ST.
JOHN’S
Beginning 7 April 2005, WestJet will withdraw
services from Gander and redeploy capacity to
St. John’s, Newfoundland. The carrier will be
offering daily services between St. John’s and
Halifax. WestJet has been servicing Gander
since 17 June 2003.
WESTJET COMPLETES LEASE
ARRANGEMENTS ON EIGHT AIRCRAFT
WestJet has completed operating lease
arrangements on eight of the 15 B737 aircraft
that it will acquire in 2005, including three B737700s and five B737-800s to be delivered by
June 2005 (one B737-700 has already been
delivered). The carrier plans to finance the
remaining seven aircraft to be delivered in 2005,
four B737-700s and three B737-600s, with loanguarantees from the Export-Import Bank of the
United States.
CANJET TO LAUNCH TORONTOCALGARY AND TORONTO-VANCOUVER
SERVICES
CanJet will start two daily nonstop flights between Toronto
and Calgary on 16 May 2005, and between
Toronto and Vancouver on 27 June 2005. The
routes will be operated with B737-500 aircraft.
CANJET INCREASES DEER LAKE AND
ST. JOHN’S SERVICES
Beginning 16 May 2005, CanJet will add a
second daily flight between Deer Lake and
Halifax.
In addition, the carrier will add a third daily nonstop flight between St. John’s and Halifax
starting 27 June 2005. During the summer
peak, the carrier will also be offering one daily
non-stop flight between St. John’s-Toronto and
St. John’s-Moncton.
NEWS ARTICLES
CANADIAN AIRLINE NEWS
– CON’T
CANJET PARTNERS WITH SUNQUEST
TO CHARTER FLIGHTS FROM HALIFAX
TO THE CARIBBEAN AND MEXICO
CanJet and Sunquest have partnered to offer
customers package charters from Halifax to the
Caribbean and Mexico.
CANADIAN AIRPORT NEWS
AMERICA WEST AND QANTAS TO CODE
SHARE FROM EDMONTON
INTERNATIONAL AIRPORT (YEG)
America West and Qantas
have signed a codeshare
agreement for flights from YEG
on America West connecting to Qantas’ flights
to Australia and New Zealand. From Los
Angeles, passengers will be able to connect to
Sydney, Melbourne and Brisbane in Australia,
and to Auckland, New Zealand.
WINNIPEG AIRPORTS AUTHORITY
REPORTS $4.4 MILLION SURPLUS FOR
2004
Winnipeg Airports Authority
reported revenues of $35 million,
with $15 million in Airport
Improvement Fee (AIF) revenues
for the year ended 31 December 2004.
Operating surplus was $4.4 million after
expenses. The airport’s restricted capital fund
(for terminal renewal) is approximately $26
million.
VANCOUVER AIRPORT SERVICES
SELECTED FOR MANAGEMENT
CONTRACT IN BAHAMAS
Vancouver Airport
Services (YVRAS) has
been chosen from among four short-listed
bidders to negotiate a long-term management
contract for the development and operation of
the Nassau International Airport (NAS) in the
Bahamas. The contract will be for 15 to 25
years, depending on the negotiation of financial
Page 10
February 2005
and commercial terms. YVRAS will be
responsible for introducing best practices,
managing the US$200 million construction
program, enhancing commercial venues at the
airport and improving the US Pre-Clearance
facilities and services. NAS is the fourth busiest
airport in the Caribbean, handling 3 million
passengers annually.
HALIFAX MAIN TERMINAL RENAMED
AFTER ROBERT STANFIELD
The main terminal at
Halifax International
Airport will be renamed to
honour Robert Stanfield, the late federal
Progressive Conservative leader and Nova
Scotia Premier. Stanfield was Premier from
1956 to 1967 and passed away at the age of 89
in 2003. A naming ceremony is expected within
a few months.
PEOPLE IN THE NEWS
ACI-NA PRESIDENT TO LEAVE AT THE
END OF 2005
David Z. Plavin, President
of the Airports Council
International-North
America (ACI-NA) has
announced that he will
depart from the post at the
end of 2005. Plavin was named ACI-NA
President in 1996 and was instrumental in
increasing funding for airports through AIR-21,
the Aviation Investment Reform Act in 2000.
COMAIR’S RADEMACHER RESIGNS
Comair CEO Randy Rademacher has resigned
effective 17 Jan 2005, to pursue other
opportunities. This comes nearly one month
after the airline was forced to shut down
operations over the Christmas 2004 weekend
due to a computer failure, staff shortage and a
severe winter storm. Delta Connection CEO
Fred Buttrell will give up his position and take
over Comair; his duties will be filled by other
Delta executives.
NEWS ARTICLES
PEOPLE IN THE NEWS
-CON’T
HUTCHINSON TO DEPART DHS IN
MARCH
Asa Hutchinson, DHS Under
Secretary for Border and
Transportation Security has
announced his resignation
effective 1 March 2005. His
replacement has not yet been
named.
HALIFAX AIRPORT VP AND CHAIRMAN
TO ASSUME ROLE OF PRESIDENT
Halifax International
Airport Authority (HIAA)
board of directors said Vice
President of Operations
Peter Clarke will assume
the role of acting president
and COO on 1 Feb 2005,
while Chairman Bernie
Miller will take over as CEO. This arrangement
will be in place until a
permanent successor is
found to replace Reg Milley,
who left the HIAA to
become President and CEO
of the Edmonton Airports
Authority at the end of
January.
CANADA GETS CHINA APPROVED
DESTINATION STATUS
After a meeting of the Canada-China Strategic
Working Group, China has agreed to grant
Approved Destination Status (ADS) to
Canada. This allows Chinese residents to travel
to Canada using a tourist exit visa. Prior to
ADS, only a few Chinese visitors travelling on
business could obtain exit visas to Canada.
NORTHWEST TO START DAILY
DETROIT-CHARLOTTETOWN FLIGHTS
Starting 1 July 2005,
Northwest Airlines will
begin daily non-stop
service between Detroit
and Charlottetown, Prince Edward Island. The
new seasonal route runs until 15 October 2005.
OTHER
TRAFFIC AT ACI AIRPORTS INCREASES
Annual passenger traffic for the
world’s airports increased by 11%
in 2004, according to Airports
Council International (ACI).
Member airports’ international
passengers increased by 13% and domestic
passengers increased by 9%. ACI reports
passenger and cargo traffic for 102 airports
world wide, representing 60% of total global
traffic. Part of the strong growth was due to
depressed traffic in 2003 resulting from SARS
and the Iraq war.
Page 11
February 2005
THE WASHINGTON REPORT
February 2005
U.S. airport security fee may increase
President Bush’s proposed Homeland Security Department
spending plan calls for a boost in the airport security fee charged
to airline passengers. The fee increase, from $2.50 to $5.50 for a
one-way ticket and from $5 to $8 for a round trip ticket, are
expected to generate $1.5 billion.
US$20 million made available to Small
Community Air Service Development Program
Charles Chambers
Senior Vice President
InterVISTAS-ga2
Washington, D.C.
The Department of Transportation has announced that $20 million is available for the 2005 Small
Community Air Service Development Program. The funds will be divided amongst up to 40
communities. Priority will go to those that have higher airfares, who contribute financially from
sources other than airport revenues, have established or will establish a public/private partnership to
improve their air services, submitted proposals that benefit a broad segment of the community with
limited access to the national transportation system, and will use the assistance in a timely manner.
Grant applications are due 22 April 2005.
Biometric Testing Started for US-VISIT Exit Process
A DHS pilot program is underway at 9 U.S. airports testing an automatic biometric component of USVISIT. Foreign visitors departing the U.S. are asked to have their two index fingers scanned and hold
for a photo. More than 17.5 million foreign visitors have been processed through US-VISIT without
delaying wait times and more than 400 criminals or immigration violators have been denied entry to
the U.S.
House Approves its Homeland Security Committee
The House has approved and made permanent the Select Committee on Homeland Security. The
9/11 Commission recommended having a permanent committee established in each chamber which
would provide oversight to the DHS. The Senate has already approved its committee.
Airline Ticket Protection Provision Extended to November 2005
The airline ticket protection provision, put into place following September 11, has been extended to 19
November 2005. The program was enacted to help stabilise the airline industry should a major carrier
declare bankruptcy and cease operations. Passengers holding a ticket for a defunct airline can trade
their tickets for flights on other airlines on a space-available basis. Ticket holders will have 60 days
from suspension of operations to use their tickets. It does not apply to non-revenue or foreign carrier
tickets.
United States and European Union to Negotiate Boeing-Airbus
Competition
Rather than have the World Trade Organisation provide arbitration, the U.S. and European Union
have agreed to resolve their civil aircraft trade dispute with three months of negotiations. The two
sides will work towards eliminating government subsidies provided to Boeing and Airbus and
establishing fair market-based competition between the two companies. The U.S. and E.U. have also
agreed to seek early extension of their agreement to other countries that share significant risk-sharing
production for Airbus or Boeing.
Page 12
February 2005
OTTAWA REPORT
10 February 2005
Federal Transport Minister Moves toward More
Liberalised Skies with U.S.
Transport Minister Jean Lapierre has indicated a desire to fast track
negotiations toward a new Open Skies agreement between Canada and the
U.S. Lapierre plans to kick-start the negotiations with Washington when
U.S. Secretary of Transportation Norman Mineta is in Ottawa on 24 February
to speak at a conference marking the 10th Anniversary of the current Canada
– U.S. air services agreement.
Canada and Guyana Sign New Air Transport Agreement
Sam Barone
Regional Vice President
Ottawa, ON
On 10 February 2005, Transport Minister Jean Lapierre, and International Trade Minister James
Patterson, announced the completion of Canada’s first air transport agreement with Guyana. The
agreement opens up opportunities for airlines to operate scheduled air services between each
respective country. The agreement gives Canadian airlines the right to serve Guyana’s capital city,
Georgetown, from any point in Canada. Each country is allowed to allocate a total of four weekly
passenger flights and three weekly cargo flights to designated carriers. Previously, air services
between the two countries could only operate on a charter basis.
Government of Canada and B.C.’s Provincial Government Fund
Intelligent Transportation Systems (ITS)
Industry Minister David Emerson (on behalf of Federal Transport Minister Jean Lapierre) with B.C.’s
Minister of Transport Kevin Falcon, announced on 10 February 2005 the signing of a contribution
agreement between the Federal Government and the B.C. Government for the deployment of
Intelligent Transportation Systems in the Province. Under the agreement, the Federal Government
will contribute $713,000 and the Province $1 million for the implementation of four projects. Intelligent
Transportation Systems are technologies that make transportation safer, more secure, more efficient,
reliable and environmentally friendly. Transport Canada has provided more than $18 million in
support of ITS projects and research in Canada.
Nav Canada Reports November and December Traffic
Nav Canada announced traffic figures to the end of 2004. Traffic for the months of November and
December increased by an average of 6.1% and 5.2%, respectively, as compared to the same time
periods in 2003. Fiscal year-to-date traffic was 5.5% higher than in fiscal year 2003/2004 and 1.3%
lower than fiscal year 2000/2001. Nav Canada’s fiscal year runs from September 1 to August 31.
This is a collection of information gathered from public sources, such as press releases,
media articles, etc., information from Confidential sources, and items heard on the street.
Thus some of the information is speculative and may not materialize. Information contained
herein is provided for the use of InterVISTAS Consulting Inc. only, and may not be
distributed beyond InterVISTAS Consulting Inc.
Prepared by InterVISTAS Consulting Inc.
Page 13
February 2005

PDF - InterVISTAS

Transcription

Similar documents

Contact us - Travel agency sales team

New Presentation Deck - Airports Council International

London Airport`s Cloud Based Common Use System

Questions by Maryland`s Phil Durkos, Brad Houston, Eric Newman

AIRMAN`S INFORMATiON MANUAL

Euro NCAP | Avrupa Yeni Araba Değerlendirme Programının Resmi

Services

December 2008

Indian Oil Corporation Limite

Cobblers Bank Hill Road North, Helsby, Cheshire, WA6