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Last month, Vancouver Airport
Authority marked Environment
Week with activities that raised
awareness of its commitment to
operating YVR in an environmentally
responsible manner. Events included
trivia contests, a showcase of local food
and products used by YVR tenants
and business partners, and the second
annual Commuter Challenge.
The Commuter Challenge asked
Airport Authority employees to do their
part for clean air by carpooling, cycling,
walking or taking transit to work on
June 4.
The result? More than 100 participants
used alternative forms of transportation
to commute 4,418 kilometres in one day,
collectively preventing 5,243 kilograms
of greenhouse gases from entering the
atmosphere.
Currently, close to 20 per cent of
Airport Authority employees are also
members of the YVR Green Commuter
Rebate program, which provides a
financial incentive to employees who
commute to work by means other than
a single-occupancy vehicle.
In 2007, Airport Authority employees
reduced single-occupant vehicle trips by
* YVR is the international aeronautical designation for Vancouver International Airport.
JULY 2008
Cell Phone Rentals Cell Phone Rentals
Call 604-671-4655Call 604-671-4655
• Audio Language Translation
• Email & Internet
• GPS Maps
CELEBRATING 15 YEARS
inside:
Page 5Air Agreements with Panama & Philippines
Page 14Classifieds
Page 3President’sCorner
Page 4Favourite YVRMerchants
EmploymentOpportunities
See
pg 14-15
Breeze through YVR this summer
As the mercury rises, so do visits to YVR.
Summer is by far the busiest travel period of
the year, with more than 70,000 passengers
expected to travel through the airport on peak days.
While extra YVR Customer Care staff and airline
and retail partners are doing everything possible to
help customers travel through the airport safely and
efficiently, there are a few steps passengers can take
to get summer trips off to a great start. Below, a few
important reminders that will help minimize stress
and maximize holiday enjoyment:
Liquids, Gels and Aerosols
Quantity restrictions on liquids, gels and aerosols
continue to apply. Store your summertime essentials
in containers no larger than 100ml, and place the
containers inside a one-litre clear, resealable plastic
bag. One bag per passenger is permitted.
What to Pack
Golf clubs, baseball bats and some camping
equipment are among the items that cannot travel
in carry-on baggage. A complete list of items and
additional packing tips are available through Canadian
Air Transport Security Authority (CATSA) at www.
catsa.gc.ca.
Identification
Remember to bring proper documentation for your
flight, and stash it along with your boarding card in a
safe and accessible spot in your pocket or carry-on.
n Canadian destinations: One piece of valid
government-issued identification that includes
a photograph, along with the passenger’s name,
date of birth and gender; or two pieces of valid
government-issued ID that do not include
photographs. Visit the Transport Canada website
at www.tc.gc.ca for more detailed information.
n U.S. destinations: A valid passport or NEXUS card
when used at a NEXUS kiosk.
n International destinations: A valid passport.
Checking In
To ensure you have plenty of time, it’s best to
follow these guidelines:
n For flights within Canada, check in at least 90
See Flight CheCk page 3
In response to record high fuel
prices, last month Air Canada
announced a reduction in
capacity, which will affect fleet
and staffing levels for its fall
and winter schedule. The airline
plans to reduce total system
capacity by seven per cent in
the fourth quarter 2008 and first
quarter 2009, compared to the
same period a year earlier. This
will result in a decrease of up to
2,000 staff across all levels of the
organization.
“The loss of jobs is painful
in view of our employees’ hard
work in bringing the airline back
to profitability over the past
four years,” said Montie Brewer,
president and chief executive
officer. “I regret having to take
these actions, but they are
necessary to remain competitive
going forward. Air Canada, like
most global airlines, needs to
adapt its business and reduce
Air Canada reduces fall and winter capacity in response to high fuel prices
Last year, Air Canada announced that it had ordered 37 of the new Boeing 787 Dreamliners, with options for an additional 37. This makes Air Canada the
largest customer of the Dreamliner in North America.
Air Transat launches non-stop service to Paris
See eXCelleNCe page 3
See ReDUCeD CAPACitY page 4
With the arrival of summer, Air Transat
has launched a new weekly non-stop
transatlantic flight from Vancouver to
Paris. Following a comfortable overnight flight, you
and your inner romantic can be sitting in a café
on the banks of the Seine with tunes of Edith Piaf
playing in the distance.
Launched May 29, this new service will connect
YVR to Charles de Gaulle Airport on a 9.5-hour
flight. The new service will run through October
3, 2008.
Flight TS 708 departs Vancouver on Sunday
at 11:50 p.m. and arrives in Paris on Monday at
6:25 p.m.
Vancouver-bound flight TS 709 departs Paris
on Monday at 8:25 p.m. and arrives at YVR later
that evening at 9:40 p.m.
Air Transat also offers a Vancouver-to-Paris flight
with a stopover in Calgary. TS 408 departs Thursdays
from YVR at 5:20 p.m. and arrives via Calgary at
Charles de Gaulle Airport at 1:55 p.m. the next day.
Vancouver-bound TS 409 leaves Paris on
Fridays at 3:40 p.m. and arrives at YVR later that
See AiR tRANSAt page 6
Environmental excellence at YVR
2 • Y V R S K Y T A L K | J U L Y 2 0 0 8
07 Ford Escape, “Perfect size 4x4” #322
07 Hyundai Tucson 4x4, “Unbelievable value”
#1000
07 Toyota Sienna, “Family van” #963
07 Toyota Rav 4, “First class” #1057
07 Toyota FJ Cruiser 4x4, “Unique” #894
07 Toyota Tundra 4x4, P/U #980
07 Ford Ranger P/U #928
06 Infiniti G35 Sport Ute #869
06 Range Rover, “One owner, local” #999
06 Nissan Pathfinder SE, “Leather” #195
06 Ford Explorer XLT 4x4 #786
06 Dodge Caravan People mover #795
06 Pontiac Montana “Nice Van” #275
06 Cadillac Escalade, “BC vehicle” #437
06 Buick Rendezvous, “Luxury van” # 813
06 Ford Freestyle, “Full size van” #785A
06 Nissan Xtrail, “Extreme package, AWD”
#377
05 Hino 21’ #918
05 Jeep TJ, “Fun in the sun” #897
05 Honda CRV, “Don’t wait” #987
05 Dodge Caravan, “People mover” #532
05 F350 Crew Cab Tow Pak #404
05 Lincoln Navigator, “Vancouver born” #324
05 Jeep Liberty Sport 4x4 #599
05 Dodge Dakota, “Very, very clean” #687
05 Mazda MVP, “Most popular van” # 864
05 Ford F150 Super Cab, “Excellent” #992
05 Ford F150, “Outstanding” #880
05 GMC Sierra Crew Cab 4x4 #1090
05 Chev Avalanche 4x4 #1092
05 Chev Venture, “Economical” #976
05 Pontiac Montana, “Fine van” #1045
05 Suzuki Grand Vitara X1-7 4x4 #569
04 Chev Equinox LT #114
04 Cadillac SRX AWD, “Loaded” #904
04 Ford Escape 4x4 #927
04 Pontiac Montana, “Luxury van” # 861
04 Dodge Dakota P/U #601
04 Mazda Tribute, “Outstanding” #720
04 Nissan Pathfinder 4x4 #961
04 Dodge Grand Caravan #1032
04 Chevrolet Venture #934
04 Ford Freestar, “Fine van” #1089
03 GMC Envoy 4x4 #718A
03 Ford, “19-passenger bus” #1027
05 Dodge SX 2.0 Sedan #718
05 Chevrolet Aveo, “Gas saver” #867A
05 Chrysler PT Cruiser, “Family fun” #848
05 Volvo S60, “Luxurious” #1069
05 Pontiac Pursuit, “Very clean” #910
05 Toyota Camry, “A beauty” #957
05 BMW 320i, “A beauty” #996
05 Mercedes C230, “Perfect” #1074
05 Mercedes S500 4-Matic #698
05 Nissan Sentra, “Great price” #257A
05 Chrysler 300, “Powerful” # 898
04 Chevy Optra LS #103
04 Chevrolet Optra, “Fuel saver” #800
04 Saturn Ion, “One only” #1048
04 Chevrolet Epica, “Fuel saver” #1031
04 Mazda 6, “Nice” #865
04 Pontiac Sunfire, “Clean” #631
04 Cavalier Z-24, “Black on black” #858
04 Hyundai Accent, “Students?” #1099
04 Jaguar XKR Roadster #866
Vans, Sports Utilities, Pickups08 Chev Trailblazer, “A winner” #75108 Nissan Quest, “Luxury in every way” #107608 Ford Escape Limited #104108 Saturn VUE, “Top of the line” #96808 Toyota Highlander 4x4, “With comfort” #96208 Mazda Tribute, “Family van” #93908 Nissan Frontier Crew 4x4 #94008 Dodge Ram 1500 Heavy Duty #83707 Toyota Highlander 4x4, “Near new” #93707 Nissan Xterra 4x4 Sport Utility #81007 Subaru Outback 4x4 #109607 Hyundai Sante Fe Sport Utility #105607 Dodge Nitro, “The hot seller” #79607 Nissan Murano, “Leather, luxury 4x4” #75407 Suzuki X1-7 4x4 Sport #109607 Pontiac Montana, “People Mover” #92907 Jeep Grand Cherokee 4x4, “Loaded” #77307 Chevrolet Suburban 4x4, “Leather” #60707 Ford Ranger 4x4, “Economical” #660
Canada’s Largest Independent Used Car Dealer
SMALL SAMPLING
BEST BUYS!
CARS08 Chrysler Sebring Convertible #952
08 Pontiac Wave, “Gas miser with style” #1008
08 Mercury Grand Marquis #988
08 Saturn Aurora, “Great value” #1017
08 Suzuki Swift, “Always a winner” #873
08 Hyundai Sonata, Loaded #349
07 Hyundai Tiburon Sport #416
07 Pontiac G5, “Smart buy” #1095
07 PT Cruiser, “Always free” #534
07 Nissan Versa, “Another winner” #891
07 Hyundai Sonata, “Luxury & economy” #917
07 Chev Impala, “Full size economical” #909
07 Hyundai Elantra, “Great value” #1038
07 Toyota Yaris Sedan, a/c, “Fuel miser” #253
07 Toyota Corolla, “Much trusted” #842
07 Toyota Camry SE, “Popular” #251
07 Pontiac Grand Prix, “Performance” #908
07 Matrix, “Big, small economy” #147
07 Focus Wagon, “Loaded” #985
07 Lincoln Town Car Signature #994
07 Cadillac Deville Touring Sedan #964
07 Ford Mustang Fastback #1005
07 Ford Taurus, “½ price at only $13,800” #315
07 Ford Mustang Convertible V6 #1006
07 Chevrolet Aveo, “Gas sipper” #1010
07 Toyota Yaris, “Short supply” #248
07 Accent by Hyundai, “A bargain” #1078
07 Mazda,“Intermediate” #1085
07 Ford Focus, “Hot seller” #316
07 VW Jetta, “Very nice” #1020
07 Chevy Malibu, “The right size” #1036
07 Mazda 3, “Top seller” #1063
07 Chrysler Sebring, “Intermediate, loaded” #851
07 Dodge Caliber, “Big, big server” #899
07 Ford Fusion, “Another winner by Ford” #770
07 Honda Civic, “Hurry! Won’t last” #1094
06 Chevy Impala LS #604
06 Hyundai Accent, “Next to free” #1087
06 Hyundai Elantra, “Tons of class” #1100
06 Pontiac G6 Automatic, a/c #1086
06 Infiniti G35
06 Mazda 6 Sedan, “Very nice” #995
06 Volkswagen Beetle Convertible #1021
06 Saturn Ion, “Priced right” #1009
06 Mazda 3, “Very popular” #1050
06 Ford Focus Wagon, “Loaded” #970
06 Chevrolet, “Smart buy” #547
06 Nissan Sentra SE, “Loaded” #226
06 Toyota Corolla, “Mr. Dependable” #1093
05 Toyota Camry XLE V6, “Loaded” #830
05 Pontiac Vibe Wagon #116
WIDE OPENDaily 9-9Saturday 9-6Sunday 11-6
Over 1,200 To Choose From!
FLEET PRICES TO THE PUBLICEVERY VEHICLE PRICED TO CLEAR!
On-Site Bank Financing & ICBCOn The Spot Delivery!
250-953-5353
TOYOTA • HOnDA • nISSAn • HYUnDAI • GM • FORD • CHRYSLER
minutes prior to departure.
n For flights to the U.S., check in at least two hours prior to
departure.
n For international flights, check in at least two hours prior to
departure.
You can now check in from the comfort of your home or office
for most airlines serving YVR through the airport’s FasTrack Check-
in feature. Another time-saving tip is to use one of the self-service
kiosks, which give you access to multiple airlines from one kiosk.
They are conveniently located throughout YVR and at a number of
Vancouver area and Whistler hotels.
Customer Care
Dressed in distinctive red vests, YVR Customer Care employees
are easy to identify and ready to answer your questions or lend a
hand. And as always, the airport’s Green Coat volunteers are there to
assist you.
Rising fuel prices is a topic on many people’s minds
and that includes the aviation industry. According
to the North American international Air transport
Association, every dollar increase in the price of oil costs the
aviation industry more than $1.6-billion. All areas of the industry
are feeling the effects of high fuel costs, including our business
partners here at YVR.
Air carriers have had to make some difficult business decisions
in recent months, which have affected the travelling public. From
the elimination of routes, to cutbacks and fuel surcharges, air
carriers are trying to remain competitive in a changing economic
climate.
We are trying to assist our business partners where we can
by keeping our costs to airlines as low as possible. in 2007, we
lowered landing fees to airlines operating international passenger
and cargo flights into Vancouver to match our domestic rates.
YVR’s landing fees are the lowest of all major Canadian airports,
and we will keep these rates flat until 2011. We calculate that our
fee reduction will save the airlines approximately $20-million
between 2008 and 2011. Other airports are now following our
example by lowering their fees to help carriers.
We continue to work closely with our business partners to
ensure their business operations, as well as ours, are successful.
Reducing landing fees was a strategic decision to provide
substantial cost savings to our airline partners and keep YVR
competitive, particularly for international carriers.
We also are not passing on added costs to the customer and
are committed to maintaining our low-cost, high-service airport
model — a model that encourages growth and supports our
strategic goal to be Canada’s premier gateway to the Asia Pacific.
this model helps us to convince more airlines to choose to land
at YVR, which translates into more travel options for passengers.
More air service also provides a greater economic contribution to
our local communities.
there’s no question that all of us are feeling the effects of
rising fuel prices—be it filling the car with gas or filling an airplane
with jet fuel. to remain competitive, the Airport Authority works
hard to find innovative solutions to support our business partners
and customers. And with the lowest aeronautical fees in Canada,
we can support our carrier partners as they adjust in the shifting
and continually evolving industry.
WORKING TOGETHER FOR LONG TERM GROWTH
Send the correct name of this aircraft (make and model) and you could win a
An $80 Carload Pass to the Abbotsford International Air Show.Send your answer by Email: [email protected]; Fax: (604) 736-6750; Mail: SkyTalk, 306-5400 Airport Road South, Richmond, B.C. V7B 1B4.A draw will be made from all correct entries received by August 1, 2008. The winner’s name will be published in the August issue of SkyTalk.
Last month’s winner:Rafael Custodio
Answer: Fleet 80 CanuckThe Fleet Model 80 Canuck is a Canadian designed and built light aircraft featuring two seats in side-by-side configuration.The Canuck was designed for the flight training, personal use and light commercial roles.There were 225 Canucks built by two manufacturers during its 13-year production run, with the majority being built by Fleet Aircraft between 1945 and 1947.
Printed on Recycled Stock using vegetable based inksPlease recycle this product.
w w w . y v r . c a / a u t h o r i t y / n e w s / s k y t a l k . a s p
RICHMOND OFFICE: Suite 306 - 5400 Airport Road SouthRichmond, BC V7B 1B4Tel: 604-736-6754 • Fax: 604-736-6750Email: [email protected]
Publisher: Patrick StewartAssociate Publisher: Joan StewartYVR Editorial Liaison: Kate Donegani, Alana Lawrence Contributing Writer: Peter KutneyCreative / Production: James MartinPhotography: Jim Jorgenson
Your Airport Community NewspaperJULY 2008 | Vol. 15 | No. 8
YVR SKYTALK, the official newspaper of the Vancouver
International Airport, is owned and published monthly by
Westco Marketing Ltd. for the travelling public and the more
than 26,000 people who make up the airport community at
YVR. No portion of this publication may be reproduced in
whole or part without the written permission of the publisher.
ASSOCIATION OF AIRPORTPUBLICATIONS
P.O. Agreement #1676261
Flight Check from page 1 President’s CornerBy LARRY BERG, President and Chief Executive Officer
Name that Aircraft
| J U L Y 2 0 0 8 | Y V R S K Y T A L K • 3
we’rehere for you!a Quiet Place......for quiet reflection, prayer, meditation...to relax, listen to music, eat your lunch, read a book.a Safe Place...
VancouVer airport chaplaincy
Please visit us on International Arrivals Level 1, or contact us by phone: (604) 303-3010 or
email: [email protected]
more than 514,706 kilometers, avoiding
an estimated 83,000 kilograms of carbon
dioxide emissions.
YVR’s commitment to sustainable
transportation can also been seen
through the Airport Authority’s
investment in the Canada Line rapid
transit link. When completed in the fall
of 2009, the 19-kilometre transit link will
add the equivalent of a 10-lane roadway
and provide passengers and employees
with convenient transportation to and
from YVR.
Sustainable transportation to
and from YVR for employees and
passengers is just one component of
the Airport Authority’s comprehensive
environmental management plan, which
also addresses:
n air quality;
n aviation’s impact to the
environment;
n use of alternative fuels in our
vehicle fleet;
n energy reduction;
n hazardous materials management
and recycling;
n noise management; and
n wildlife control.
YVR passengers and employees enjoy the Living Local Showcase, featuring local food and products used by YVR
tenants and business partners.
Excellence from page 1
4 • Y V R S K Y T A L K | J U L Y 2 0 0 8
The annual SkyTalk Readers
Choice Awards campaign invites
the travelling public, airport and
Sea Island employees to vote for their
favourite YVR service provider, shop and
restaurant, using ballots that are deposited
in official boxes located throughout the
terminals in March and April.
This year, more than 5,000 votes
were tallied, a record-setting number of
participants for the campaign’s fourth
anniversary.
The 2008 Readers’ Choice YVR
merchant winners were:
Absolute Spa at YVRfavourite service provider
Passengers and visitors to YVR can
experience a wide range of luxurious
treatments such as manicures, pedicures
and chair massages at four convenient
locations. The Absolute Spa experience
is available daily with pampering that
is guaranteed to leave one floating even
before taking flight.
The Body Shop
favourite place to shopLocated in the Domestic Terminal,
the store provides beauty and personal
care products for the whole family.
Choice of aromatherapy, essential oils,
fragrances, The Body Shop’s own line of
cosmetics and a great selection of gift
baskets for all occasions are available.
Tim Hortons
favourite place to eat
With five locations at YVR, the Tim
Hortons brand is a Canadian cultural
icon. Coffee, tea, doughnuts, muffins,
and other baked goods as well as soups,
chili and sandwiches are served.
Last month, Joan Stewart, associate
publisher SkyTalk, presented each
winning merchant with a coveted
Readers’ Choice glass star award for
display in their store.
Next year’s campaign will run in
March and April 2009.
CustOmsBrOkers
H e a d O f f i c e / a i r p O r t
“ A v i A t i o n S p e c i A l i S t S ”
airport Office:tel: (604) 278-3551faX (604) 278-3291B.c. cont. U.S.a.
toll-free 1-800-663-4080www.summitcb.com
pacific Hwy. (Border)tel: (604) 538-8414faX (604) 538-8148
Offices in dawson creek, Kelowna, Osoyoos, penticton, prince George, B.c.
Whitehorse, Yukon, Vernon
Summit Customs Brokerscustoms Brokers & consultants
AdjAcent the mArinA At the deltA VAncouVer
Airport hotel3500 cessnA driVe, richmond
604-276-1962complimentAry pArking
•ThursdayNight Blues
Kitchen open till midnight
daily with full Menu.
Events in TheCastle!
SkyTalk readers name their favourite YVR merchantsCongratulations to Absolute Spa at YVR, The Body Shop and Tim Hortons
Absolute Spa at YVRKristen Neal, manager; Joan Stewart,
associate publisher SkyTalk.
The Body Shop(left to right) Elena Tam, Shamsi Ashti, assistant
manager; Joan Stewart, associate publisher SkyTalk and Josie Katz, manager.
Tim Hortons(left to right) Angus Sewell, assistant manager;
Joan Stewart, associate publisher SkyTalk; Narinder Pahal, manager, Lorna Garcia and Kam Ram.
flying that has become unprofitable
in the current fuel environment. If
fuel prices remain at current levels,
we can anticipate further capacity
reductions.”
The airline industry has been
severely impacted as the price of oil
has more than doubled from one year
ago and has quadrupled since 2004.
Every $1 increase in the price of oil per
barrel adds an estimated $26-million
to Air Canada’s annual fuel expense.
Fuel is the carrier’s single largest
expense item, accounting for more
than 30 per cent of total operating
expense, and at current price levels
will cost the airline close to $1-billion
more in 2008 than in 2007.
Including the benefit of fuel
hedging, at current fuel prices and
capacity levels, Air Canada would
spend an average of $230 in fuel
costs alone to carry one passenger
on a round-trip journey, which is up
from an average of $146 in 2007, and
$110 in 2004.
In the fourth quarter 2008 and
first quarter 2009, Air Canada plans
to reduce domestic capacity by two
per cent, U.S. transborder capacity by
13 per cent and international capacity
by seven per cent, for a total system
capacity reduction of seven per cent
for the two quarters compared to the
prior year’s period.
This system capacity reduction
includes the withdrawal of
Vancouver-Osaka non-stop service
effective October 26, 2008. A revised
fall and winter schedule, as well
as adjustments to the fleet, will be
announced shortly.
Reduced Capacity from page 1
A new air transport agreement
with the Republic of Panama, a
long-standing bilateral partner
in Central America, was announced last
month by the Honourable Lawrence
Cannon, Minister of Transport,
Infrastructure and Communities, and the
Honourable David Emerson, Minister of
Foreign Affairs and International Trade
and Minister for the Pacific Gateway and
the Vancouver-Whistler Olympics.
The agreement puts in place a new,
modern framework for scheduled air
services between Canada and Panama,
consistent with Canada’s Blue Sky
policy.
Airlines from both countries can
serve any point in each other’s territory,
with greater flexibility for establishing
airfares, and greater certainty
surrounding operational business
issues. The agreement also includes
strong safety and security provisions,
reflecting the importance both countries
attach to these subjects.
With air travel, trade and investment
between Canada and Panama growing,
this agreement marks another step
forward in Canada’s engagement in the
Americas.
Market access to the Philippines
The agreement with Panama follows
on the heels of a new air transport
agreement with the Republic of the
Philippines, announced at the end of
May.
The new Canada-Philippines air
transport agreement provides greater
market access options for airlines from
both countries for passenger-cargo
combination services. In addition, both
governments reached agreement on a
new, flexible regime for the operation
of air-cargo services, which will also
contribute to the success of Canada’s
Asia-Pacific Gateway and Corridor
Initiative.
Both countries have agreed to explore
further areas for possible liberalization.
Air carriers are reviewing the results
of these negotiations to determine
what new air services initiatives may be
introduced.
| J U L Y 2 0 0 8 | Y V R S K Y T A L K • 5
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Canadian Government reaches air agreements with Panama and the Philippines
Panama is the southernmost and most industrialized country in Central America. Pictured is a traditional
Afro-Panamanian building.
The Philippine archipelago comprises 7,107 islands in the western Pacific Ocean, with Manila as its capital.
WestJet reported a 76.5 per
cent load factor for June
2008, an improvement in
revenue passenger miles of 17.9 per
cent, and a capacity increase, measured
in available seat miles, of 23.1 per cent.
The airline flew more than 86,500
passengers, an eight per cent increase
over the 1.1-million passengers flown in
June 2007.
This capacity increase is the largest
percentage increase for the airline since
November 2006.
“In the first six months of the
year, we took delivery of five of our
seven aircraft slated for 2008,” said
Sean Durfy, WestJet president and CEO.
“This represented a significant upfront
investment in capacity that will bear
fruit for us in the remainder of 2008
and beyond.
“Despite huge challenges in the
airline industry, due to unprecedented
and unrelenting fuel prices and an
overall environment of economic
uncertainty, WestJet continues to lead
in terms of growth and demand for our
service. At a time when other airlines
are cutting capacity, our cost structure
and considerable growth opportunities
are enabling us to proceed with our
strategic plan. I remain confident in the
continuing demand for our exceptional
guest experience and growing network
in Canada, the United States and
internationally,” said Durfy.
WestJet reports 76.5 per cent load factor for June
6 • Y V R S K Y T A L K | J U L Y 2 0 0 8
In response to the increase in fuel
costs, Delta Air Lines will add a
fuel surcharge to its SkyMiles Award
Tickets originating from Canada and
the U.S.
“The price of fuel has nearly doubled
in the last year, causing considerable
financial stress to Delta’s business,” said
Jeff Robertson, managing director of
Delta’s SkyMiles Program. “As a result,
Delta is implementing initiatives across
all areas of the business to mitigate the
extraordinary run up in fuel expense.
This was a difficult but essential decision
in the face of record-high fuel costs. We
hope this is temporary, and should fuel
prices subside from current levels, we
will reevaluate this surcharge.”
Effective August 15, 2008, the
SkyMiles program will add:
n A $25 surcharge for Award Travel
between Canada and the 50 states;
n A $50 surcharge for Award Travel
between Canada/the 50 states and all
international destinations, including
the Caribbean, Latin America, Puerto
Rico, the U.S. Virgin Islands, Trans-
Atlantic and Trans-Pacific.
This fuel surcharge will not affect
existing ticketed award itineraries or
award tickets issued before Aug. 15,
2008, regardless of the date of travel.
The airline will continue to expand
the destinations and opportunities
for Award Travel and strengthen its
SkyMiles program as it prepares for
its proposed merger with Northwest
Airlines.
Additionally, Delta will launch a
new multi-tiered award program and
other key initiatives throughout July and
August 2008.
The award-winning Delta SkyMiles
program offers members multiple
mileage-earning opportunities when
flying Delta and its connection
carriers. Additional mileage-building
opportunities are offered through
more than 100 partners such as the
Delta SkyMiles Credit Card from
American Express, SkyMilesShopping.
com, participating hotels, car rental
companies, telecommunication
services, restaurants, retailers and
more.
Now in its 27th year, SkyMiles is
one of the longest-running and most
successful loyalty programs in the travel
industry. It was named “Best Frequent
Flyer Program” for 2006 and 2007 by
Business Traveler magazine and received
top honors for “Best Bonus Promotion”
from InsideFlyer magazine at the 2007
Freddie Awards.
July 25, 2008Dreams Take Flight: Golf for Dreams (5th annual charity)eaglequest Coyote Creek, 7778 152nd Street, Surrey, B.C.Price: $125—Dinner, prizes, live and silent auctionAll proceeds form the tournament will help send 130 special needs children from B.C. on the 16th annual Dreams take Flight to Disneyland on October 21, 2008.For more information on participating as well as becoming an event sponsor, please contact lori at (604) 270-5437, or visit www.dreamstakeflight.ca.
July 26-27, 2008Summit Customs Brokers Rubina Hope for Kids: Softball Slam (1st annual summer charity)king george Park, 4111 Jacombs Road, Richmond (off No. 5 Road and Cambie), B.C.Price: $500 per team—Prizes, silent auction, beer garden, food, entertainment, slo-pitch.All proceeds go to Rubina hope for kids, benefiting the Richmond community.to register, contact Summit Customs Brokers at (604) 278-3551, or [email protected].
August 8-10, 2008Abbotsford International Air ShowAbbotsford Airport, 30440 liberator Avenue, Abbotsford, B.C. Static displays, pre-show flying events (model aircraft, antique aircraft, etc.), flying displays by the Canadian Snowbirds, USAF thunderbirds, civilian aircraft and many more aviation features.Price: Adults (13+ years) $25; Carload Pass (8 passengers per vehicle) $80; Children (6-12) $10.For more information, call (604) 852-8511, or visit www.abbotsfordairshow.com.
September 5, 2008HMSHost Fall Classic Golf Tourney 2008Mayfair lakes golf and Country Club, 5460 No. 7 Road, Richmond, B.C.Price: $200 for golf and dinner; $70 dinner only. Cash bar opens at 6 p.m., followed by lobster feast and buffet dinner at 7:30 p.m. golf format is texas Scramble. Power carts are included and registration fee guarantees a spot to play. All spots registered after August will be wait listed on a first-come, first-serve basis.All proceeds donated to BC Children’s hospital.For more information, email Judy Sharabi at [email protected].
September 16-17, 20082008 Aerospace Industries Association of Canada: AGM and ConferenceWestin hotel, 11 Colonel By Drive, Ottawa, Ontario.For more information, contact Sandra Sutcliffe, manager, member services (613) 760-4553, or [email protected].
Upcoming Events
Delta adds fuel surcharge on SkyMiles Award Tickets
day, via Calgary, at 7:10 p.m.
Passengers will take to the skies
in an Airbus A330-200. With the
recent five-centimetre upgrade to
legroom for all 342 economy seats
onboard, passengers can now enjoy
an enhanced experience with Air
Transat’s best-in-class service, meals
and in-flight entertainment.
Air Transat recently partnered with
Loblaw Companies and now serves
President’s Choice entrées on all its
transatlantic flights. In addition to
serving larger portions, the airline also
offers passengers in Economy Class
on European flights two of the most
popular President’s Choice entrées.
Customers may book flights at
www.airtransat.com or by calling
1-877-872-6728.
Air Transat from page 1
J U L Y 2 0 0 8 | Y V R S K Y T A L K • 7
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The Canadian Airports Council
(CAC) has concurred with several
recommendations in the federal
government’s “Compete to Win” report,
released last month, which represent
a good approach for improving the
competitiveness of Canada’s aviation
sector. The CAC, which serves as the
voice of Canada’s airports, said it
supports recommendations on industry
costs, Open Skies and airline foreign
investment.
“For several years now, the CAC
has called on the federal government
to adopt a new approach for aviation
that recognizes the value this sector
brings to Canada’s economic future,”
said CAC president and CEO Jim Facette.
“The Competition Policy Review Panel
recognizes this value, and we urge the
government to carefully consider its
recommendations.”
Among the recommendations in
“Compete to Win” with which the CAC
agreed were:
n Industry concerns about government
policies that have negatively affected
industry costs and a recommendation
that fiscal arrangements affecting
the competitiveness of the industry
be reviewed on a regular basis.
n The potential for Canada to be at
a competitive disadvantage to the
U.S., which has a more aggressive
air-service liberalization policy, and
that Canada conclude an Open Skies
agreement with the European Union
(EU) as soon as possible.
n That the Minister of Transport
raise foreign ownership limits on
Canadian air carriers to 49 per cent
on a reciprocal bilateral basis and
state its policy on whether 100 per
cent foreign ownership of Canadian
air carrier subsidiaries should be
permitted.
The CAC noted that the EU is only
part of the story, however. While the U.S.
has 92 Open Skies agreements, Canada
has only five. The group believes that
Canada has restrictive agreements
with other important markets, and
several recent agreements negotiated
have been far short of the Open Skies
policy.
The CAC has requested to
participate as an observer in future
talks, as air carriers do, and airports
in other countries do. The group
believes this would allow community
interests to be represented and better
enable their members to understand
the dynamics of what is going on in
individual markets.
Canadian Airports Council agrees with government’s aviation sector recommendations
Overseeing legal matters at
YVR and on Sea Island,
including the $1.4-billion
capital program, is no small task.
As the Airport Authority’s director
of legal services and legal counsel,
it’s Jody Aldcorn’s responsibility to
manage virtually all aspects of legal
services for the Airport Authority.
Aldcorn is responsible for a
variety of legal matters relating to Sea
Island including financing and capital
projects, ground transportation
services and commercial leasing of
restaurants. On any given day, she may
be negotiating documentation relating
to the Airport Authority’s sponsorship
of the 2010 Olympic Games, advising
the company on commercial matters
or reviewing federal legislation or
regulations pertaining to the operation
of airports in Canada.
Her leadership is visible here at the
Airport Authority where she manages
a five-person legal team, and abroad
through her role as corporate secretary
for YVR Airport Services Ltd (YVRAS).
Aldcorn’s work with YVRAS helped
negotiate and secure the management
of Lynden Pindling International Airport
in Nassau, Bahamas. In addition, she
worked extensively on a recent deal
that saw Citi Infrastructure Investors
acquire 50 per cent of YVRAS shares and
enter into a partnership to pursue future
airport-management opportunities.
Aldcorn’s leadership and work with
the Airport Authority and YVRAS is well
known throughout both organizations as
well as nationally. She was recently the
co-recipient of the Tomorrow’s Leader
Award at the 2008 Canadian General
Counsel Awards last month. More than
90 nominations were submitted from
across Canada for the award, which
showcases legal and leadership talents
when facing transactions that affect
their business.
“This is an exciting time for the YVR
and an exciting time to be involved,” said
Aldcorn. “I’m fortunate to love my work
and fortunate to work with a talented
and dynamic group of people.”
Tomorrow’s leaders at YVR: Jody AldcornYVR People
Jody Aldcorn, Vancouver Airport Authority’s director of legal services and legal counsel.
8 • Y V R S K Y T A L K | J U L Y 2 0 0 8
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Travel Talk
(First time customers only, offer expires July 31, 2008 and can not be combined with any other offer)
Get out those walking shoes and
explore the city of lights, the
city of romance and the city of
art this summer. Paris offers something
for everyone—from haute cuisine on the
Seine and picnics in the Luxembourg
Gardens, to world-renowned art and
architecture. And with Air Transat’s new
direct service from Vancouver to Charles
de Gaulle Airport, getting to Paris has
never been easier.
Of all the cities in the world, Paris
remains a top destination for many.
Culture abounds in this vibrant city
where there is no shortage of corner
cafes, boulangeries (bakeries) and wine.
With 2.14-million people over 105
square kilometers, Paris is a fantastic
place to roam and discover your own
slice of the city.
The city is divided into 20
arrondissements, or neighbourhoods,
starting in the centre of the city and
extending outward. Each arrondissement
is as unique as the next—from the artists
of the Marais to the heights and views of
Montmartre (Montmartre is the highest
elevation of Paris at 129 metres) to the
world-renowned Louvre and Champs-
Élysées—and provides a taste of Paris to
fit any traveller’s appetite.
For first-time travellers to Paris there
is no shortage of key sites to visit,
namely the Louvre, the Eiffel Tower,
Notre-Dame Cathedral, the Arc-de-
Triomphe and the Tuileries Gardens to
start. The Louvre is the world’s largest
museum with a vast collection of more
than 35,000 exhibits over four floors in
three wings. The star attraction here is
the famed Mona Lisa, which is located in
a room built solely to make viewing the
painting easier. With all the art housed
in the Louvre, it is near impossible to see
it all, so being selective will help. What
also helps is ordering your ticket online
to avoid the line-ups.
Some handy tips for navigating the
Louvre:
n The museum is least crowded in
the early morning and during late-
opening on Wednesday and Friday;
n Its busiest day is Sunday;
n Audio guides are easy to rent at the
door and provide some excellent
information about the art housed at
the Louvre;
n All museums in Paris are closed on
Tuesdays.
Cuisine is another facet of French
culture that is known the world over and
Paris has a plethora of cafes, restaurants
and bars to suit any budget. For those
wanting a true Parisian experience, opt
for a picnic in any one of the grass areas
and gardens throughout the city. Shop
at any of the local boulangeries and
get your sandwich to go. The Invalides
(originally built to house invalid soldiers)
is a memorial for the battles that have
marked French history, and houses a
World War II exhibition in addition to
Napoleon’s tomb and his stuffed horse.
The grand esplanade leading up to the
building is wide open with plenty of
grass space for picnics and impromptu
soccer games.
For a more formal Parisian dinning
experience, check out the Bateaux
Mouches where you can experience fine
dining while floating along the Seine.
With Paris’ 276 hotels, monuments
and bridges lit up at night, this dinner
cruise combines haute cuisine and wine
Bienvenue à Paris One of the world’s most recognized sites, the Eiffel Tower dominates the Paris skyline.
J U L Y 2 0 0 8 | Y V R S K Y T A L K • 9
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ALL YOU CAN EAT BUFFET!Lunch$10.95•Dinner$18.95•LateNite$12.95
Fly a Jet Airliner Simulator at Vancouver Int’l. AirportThe Simulator is not a toy and is modelled after the Boeing 737 Next Generation Aircraft (As featured in The Vancouver Sun and Global TV)Simulators are normally used to train Airline Pilots
Makes the Perfect Gift — Individual Flightdeck Packages start at $95
Book your Seat in the Flightdeck Now at 604.771.3584www.FlightAdventures.ca [email protected]
with the splendid views. The Bateaux-
Mouches dinner cruise runs year-round,
embarking at 7:30 p.m. and returning at
11:00 p.m.
For a unique dining experience—
dinner in complete darkness—visit Dans
le Noir at 51, Rue Quincampoix. The
concept is simple but striking: guests
are served a three-course gourmet meal
with guidance from visually impaired
servers, who encourage diners to get
comfortable with the darkness, serving
themselves their own wine, for example.
The restaurant, open since 2004, has
reportedly attracted more than 100,000
curious visitors.
If the weather in Paris gets too hot,
visit France’s first Ice Kube Bar, inside
the ultra-trendy Kube hotel in the Goutte
d’Or district. This is the place to go for
a fun drink in sub-zero temperatures.
For 38 euros, guests dressed in woolly
clothes, enjoy unlimited vodka shots
at minus five degrees centigrade for 30
minutes. The entire room, walls, ceiling
and furniture, is carved from ice, as well
as the cocktail glasses in which drinks
are served. Small multi-coloured LED
lights pulsate from within, adding a
very surreal touch to the whole drinking
experience. Only 20 guests are admitted
at a time, so reservations are necessary.
With so much to see and do in Paris,
you’ll be amazed at how fast the time
goes. Often, the best days are the least
planned, as wandering and discovering
the city on your own is the true way to
get to know Paris.
Flights from Vancouver to Paris run
twice per week on Air Transat.
Zoom Airlines also offers seasonal
service.
For more information on flight times,
please visit www.airtransat.com, or www.
flyzoom.com.
Notre-Dame Cathedral is widely considered one of the finest examples of French Gothic architecture.
NAV Canada will maintain a one
per cent reduction in its service
charges that was implemented
on a temporary basis on August 1,
2007, and was set to expire on August
31, 2008. The continuation of these
lower rates would save customers an
estimated $13-million in fiscal 2009.
This would be the third consecutive
year that NAV CANADA has offered
reduced rates for the air navigation
services it provides to customers.
Charges were reduced by 1.8 per
cent on average on September 1, 2006,
and by another three per cent on August
1, 2007, in addition to the temporary
reduction of one per cent for the period
August 1, 2007, to August 31, 2008,
which would now be made permanent.
“Continued focus on cost control
and productivity improvements,
coupled with strong growth in traffic,
has allowed us to reduce our rates and
save our customers money over the last
two years,” said John Crichton, president
and CEO. “We anticipate extending these
rates into the 2009 fiscal year, including
making permanent the temporary rate
decrease that was set to expire.”
Overall, NAV CANADA charges have
grown only five per cent since they
were fully implemented in 1999—an
estimated 17 percentage points below
the growth in inflation.
NAV CANADA to keep rates low for third consecutive year
10 • Y V R S K Y T A L K | J U L Y 2 0 0 8
NOTICE:The Sea Island Employee Affiliate ProgramAll employees of companies on Sea Island may purchase or lease a new Chrysler, Dodge or Jeep for 2% Over Invoice*, net of all factory incentives, with full disclosure and no haggling... It’s that simple.
Employees of Air Canada and certain companies may be eligible for further Chrysler incentives.
Contact GAry CrOSS Fleet & Lease Manager 1 800-973-5892 or [email protected]
* Some ineligible models.
Vancouver Chrysler Dodge Jeep1577 Main StVancouver, BC V6A 2W5
604-687-5337
Following the announcement by
Air Canada of a reduction in
domestic and transborder flight
schedules, its subsidiary Jazz Air has
also implemented a number of cost-
saving initatives to combat rising fuel
costs.
Last month, Air Canada, Jazz’s
primary customer, announced that it
would reduce network domestic and
transborder capacity by two per cent
and 13 per cent, respectively, with the
implementation of the fourth quarter
2008 and first quarter 2009 schedules.
As a result, Jazz’s flying will be reduced
by approximately five per cent.
Jazz had already established a
number of fuel-saving initiatives,
recently froze all hiring and non-critical
staff overtime and instituted a number
of other cost-saving programs.
Additionally, Jazz is cutting 270 jobs
as the airline reduces its number of
flights.
“These are difficult times for our
industry and the decision to reduce our
workforce was not reached lightly,” said
Jazz president and CEO Joseph Randell.
“It is with sadness that we’ll see some of
our employees leave our company. We
hope this downturn in our industry’s
cycle ends soon. We are in a period of
great uncertainty and cannot predict
where the price of fuel is going.”
Jazz has a fleet of 137 Dash 8
and Canadair aircraft and is the only
carrier that flies to all 10 Canadian
provinces and two territories. It operates
more domestic flights than any other
Canadian carrier.
| J U L Y 2 0 0 8 | Y V R S K Y T A L K • 11
Regency Realty Ltd.
Jazz implements job cuts to combat rising fuel costs
Jazz Dash 8 on approach to YVR.
Despite the gloomy news concerning
the effect rising fuel costs are having
on the airline industry, according to the
Conference Board’s Canadian Industrial Outlook:
Canada’s Aerospace Product Manufacturing Industry
– Spring 2008 report, Canada’s aerospace industry
will post its highest profit level in five years in
2008.
“The global aerospace industry is hanging tough
despite the slowing U.S. economy, and Canada is
landing its share of the market,” said Valerie Poulin,
economist. “In both the business and commercial jet
markets, the Canadian industry is benefiting from
healthy economic growth in emerging markets and
increasing global demand for air transportation.”
While rising costs and declining prices have
limited the aerospace industry’s profit growth in
recent years, production has been growing at a
healthy pace since 2004 and this year it is expected
to surpass the industry’s pre-9/11 peak. As a result,
profits are expected to reach $533-million this year,
their highest level since 2003.
From 2009 to 2012, double-digit profit growth is
forecast for each year, but margins will remain thin
by the industry’s historical levels.
The report warns that two volatile factors—
record oil prices and the strong Canadian dollar—
pose risks to the industry. Fuel costs threaten the
profitability of airline carriers, which in turn affects
their investment in new aircraft, although fuel prices
are spurring some airlines to invest in even more
fuel-efficient planes.
The value of the loonie, meanwhile, makes
Canadian production less competitive compared to
other manufacturing locations. As a result, future
production, including components of Bombardier’s
planned CSeries 100-to-149 seat jets being
considered for launch this year, may move to other
countries.
Aerospace Industry to reach new production high in 2008
Did you know that a return flight
from Vancouver to Ottawa will
produce 1,400 kilograms CO2/
person (7,102 kilometres/return) that
you can offset by buying 1.4 tons of
carbon for $28?
If you’re concerned about reducing
your carbon footprint—the measure of
the impact your activities have on the
environment in terms of the amount of
greenhouse gases produced, measured
in units of carbon dioxide—visit www.
flygreen.ca, Canada’s first “Climate
Friendly Travel” site for climate-
conscious travellers. The site provides
a variety of ways for travellers to reduce
their ecological footprint, including the
use of a flight calculator to calculate
carbon emissions.
Following are some tips on ways to
green your travel life:
n Pack light—less weight on flights
uses less fuel;
n Take direct flights where possible—
taking off uses up a huge amount of
fuel;
n Take daytime flights—studies
have shown night flights are more
harmful to the atmosphere;
n Use a solar-powered charger;
n Bring bio-degradable shampoo and
soap;
n Use natural sunscreen and bug-
spray;
n Bring a wind-up flashlight;
n Use a digital camera rather than
disposable or film;
n Bring a water filter or purification
drops, or your own bottle to be
filled at a water re-filling station
to eliminate the waste from plastic
water bottles;
n Share a taxi, or take a shuttle or bus
to/from the airport;
n Rent a hybrid car;
n Put your ‘Do Not Disturb’ sign
up so the sheets or towels aren’t
unnecessarily changed at hotels;
n Eat locally grown foods.
12 • Y V R S K Y T A L K | J U L Y 2 0 0 8
Planning is KeyWhether you are doing a flight plan, a maintenance plan, or a service plan, you know the importance of planning. So call an investment professional to
review your mutual fund investment portfolio. We can show you how mutual funds can help you reach your goals for retirement planning, estate planning, and education planning. Call Peter Kutney today at 604-438-1603.
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Green Travel Tips
Delta Air Lines has confirmed
that a tentative agreement
has been reached between the
Delta Air Lines and Northwest Airlines
groups of the Air Line Pilots Association
(ALPA) on a joint contract to take effect
upon closing of the Delta-Northwest
merger, expected later this year. The
pilot groups also have established a
separate process designed to establish
a single pilot seniority list by the close
of the merger.
The tentative agreement is subject
to ratification by both airlines’ pilot
groups.
“We are pleased that the Delta and
Northwest pilot groups have reached a
tentative agreement and have outlined
a process for seniority integration that
will allow us to move forward with a
unified pilot group,” said Delta CEO
Richard Anderson. “Achieving a joint
contract and combined seniority list in
advance of the closing of the merger
is something that has never been done
in this industry and is a testament to
the leadership of ALPA and a working
together culture.”
In April, Delta announced that it is
combining with Northwest in an all-stock
transaction to create America’s premier
global airline. The new company will be
called Delta and will be headquartered
in Atlanta, Georgia. Combined, the
company and its regional partners
will provide customers access to more
than 390 destinations in 67 countries.
Together, Delta and Northwest will have
more than $35-billion in annual revenues,
operate a mainline fleet of nearly 800
aircraft, employ approximately 75,000
people worldwide, and have one of the
strongest balance sheets in the industry.
The merger is subject to the approval
of Delta and Northwest shareholders
and regulatory approvals, completion of
which is expected later this year.
Delta and Northwest reach pre-merger agreement withAir Line Pilots Association
Passengers booked in Economy
Class on Cathay Pacific flights
from/to North America
destinations, with tickets issued on
or after 21 July 2008, should note
that free checked baggage allowance
will be revised to 23 kilograms per
piece.
For every piece of free check-in
baggage exceeding 23 kilograms, but
not over 32 kilograms, a fee of US$25
or equivalent in local currency will be
charged by the airline.
The maximum number (2 pieces)
and dimensions of free checked
baggage remain unchanged.
The same weight allowance
applies to infants travelling at 10 per
cent of the applicable adult fare and
not occupying a seat, though only
one bag is allowed.
For complete details, please visit
www.cathaypacific.com.
Cathay revises free checked baggage allowance for Economy Class
If your child is close to high school
graduation and considering attending
a university, get ready for a shock
if you don’t have an education savings
plan in place as the cost for a four-
year diploma or degree could be
substantial. How substantial? Average
approximately $4,000-$5,000 per year
for tuition, add $12,000-$15,000 per
year for living expenses if the student
lives away from home, include inflation
(assuming it continues at three per cent
per year), and the total cost for a four-
year undergraduate degree in 2020 will
range from $70,000-$80,000.
Government cutbacks mean that
fewer loans are available, and with tuition
costs constantly rising, competition for
government funding will be fierce. If this
trend continues, students who are not
on scholarships, or those whose parents
did not have an education savings plan
in place, will find it extremely difficult to
pay for their education.
RESP optionFor parents who want to begin
saving now, an option to consider is
a Registered Education Savings Plan
(RESP). This is a government-approved
plan that permits earnings to compound
on a tax-deferred basis. While you get no
tax-deduction for the contributions, the
tax deferral does enable the student’s
money to grow fast.
The big incentive, however, is the
Canadian Education Savings Grant
(CESG) portion that the government will
contribute to the plan. This is equal to
20 per cent of the parent’s portion, to
a maximum of $500 per child per year.
Additionally, students from modest-
income families may qualify for more
money under the Canada Learning
Bond program. Since the government is
providing additional funding here, this
is an opportunity not to be missed.
When the money is withdrawn from
the plan (at the discretion of the parent
or other trustee), the student records
the income on his or her tax return.
Since a student’s income is usually not
substantial, very little tax is payable.
There are other types of RESPs
available, but they don’t have the same
benefits. For example, scholarship
trusts offered by several organizations
in Canada may not provide the same
flexibility as a “self-directed” RESP from
a mutual fund or bank/trust company.
The self-directed plans can be invested
in a broad range of equity and bond
funds, with contributions varied as one
sees fit. Additionally, parents may place
all their children under one plan, rather
than have a separate account for each
child.
Type of post-secondary education
The government definition of an applicable post-secondary education is very broad. It includes technical schools, art schools, film programs and even part time programs. Also, the funds from an RESP can be used for a very broad range of education-related expenses—such as transportation, books, fees, living expenses, etc.
If, however, your child decides not to
pursue a post-secondary education, the
following options are available for the
redemption of RESP funds:
n Transfer the fund to another
full-time student. This option is
particularly attractive if the funds
are transferred to the brother or
sister of the original beneficiary.
n Roll the accumulated growth of the
plan into your own RRSP, provided
contribution room exists.
n Withdraw the funds completely, in
which case you will pay tax solely on
the growth in the plan, not on the
original capital deposited. However,
the 20 per cent CESG government
portion must be repaid.
Contribution limitsYou can contribute as much as you
want each year to and RESP, to a lifetime
maximum of $50,000 per child. Many
people ask: “How much do I need to put
in an RESP?” I suggest, as a rule of thumb,
that $100 to $150 per month per child
will be needed, provided you start when
the child is an infant. If contributions
then continue for 18 years, with a 10
per cent interest rate at $100 per month
more than $60,000 will be accumulated,
or $90,000 with $150 per month.
Tax strategies Remember, when funds are
withdrawn from an RESP for a student’s
use, the money is taxable in the hands of
the student. If the student needs more
funds, then student loans (in moderation)
are a good financial strategy, since they
are interest-free. Once the student
becomes a full-time employee, interest
then becomes payable on the loan.
However, the interest is tax-deductible
by the student and non-transferable to a
parent or spouse. The combination of an
interest-free loan while attending school
and the tax-deductible status of interest
payments following graduation, makes
a loan a worthwhile supplementary
strategy.
Peter Kutney is a financial planner with Partners in Planning in Burnaby. He can be reached at (604) 438-1603 or at [email protected].
| J U L Y 2 0 0 8 | Y V R S K Y T A L K • 13
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Money MattersBy PETER KUTNEYMake education savings a priority
Chaplaincy thrift store reopens
Last month, the Vancouver Airport
Chaplaincy (VAC) reopened its
popular thrift store at a new location
near the airport’s south terminal.
When it opened in September 2005,
the chapel thrift store quickly became
popular with airport and Sea Island
employees, so much so that it outgrew
its location and closed in August 2006
while Chaplain Layne Daggett searched
for a new location.
The new premises are located at
4850 Cowley Crescent near the airport’s
South Terminal. Hours of operation are
Fridays from noon to 4 p.m. Items for
sale include unclaimed lost and found
articles, abandoned carry-on objects and
donations from airport staff.
For more information, contact
Chaplain Daggett at (604) 303-3010.
B & B ACCOMMODATIOn
Chestnut Tree Bed & BreakfastComfortable accommodation,
with special discounts for
airline personnel. Five minutes
from airport, in Richmond.
Free pick-up to and
from airport.
Phone Penny or Ross
(604) 273-1198
E-mail: [email protected]
Web site: www.bbcanada.
com/2011.html
The Green CottageA SEASIDE PARADISE
Truly tranquil experience. Stunning, panoram-ic view. Convenient location, minutes from
downtown Sechelt!www.green-cottage.ca
vOne-of-a-kind accommodation: 1,200-sq.-ft., fully furnished, 2 queen-size bedrooms, fully equipped kitchen, TV, DVD, CD Player & Gas
Fireplace. Front porch & back deck.v
Boating, scuba diving, snorkeling, swimming, sea & wildlife watching, boardwalk/seawall, fishing, kayaking, canoeing, biking, horseback riding, dining out.
Tel: 604.318.9727 • Pgr: [email protected].
COTTAGE REnTAL
EMPLOYMEnT OPPORTUnITIES
EMPLOYMEnT OPPORTUnITIES
RELAXING BODY MASSAGE SPECIAL35 Minutes - $25.0045 Minutes - $40.0060 Minutes - $50.00
(you’ll enjoy it!) Non-sexual
Waxing from $5.00 and upDeep pore cleaning facial - $29.95/60 mins.
Relaxing Facial - $29.00/60 mins.(Gift Certificates Available)
Tel. 604.261.4878 Open 7 days a week: 10 AM – 8 PM
For cleaner skin and healthier life… HotSpringDaySpa
8554 Granville St. – 2 min from airport Between W. 69th & 70th Ave. Park in front or at the back
HEALTH & BEAUTY
Help WantedFull & Part-Time Positions Available
Apply in store
Are you looking for a new career or part-time employment opportunity working with
other aviation-minded people?
Aviation World is currently seeking enthu-siastic, customer-focused individuals for
positions in our YVR store!
Bring a résumé to the store and ask to speak to Gary!
Aviation WorldBooks, hobbies & pilot supplies
105-6080 Russ Baker Way(next to McDonald’s)
Richmond, B.C.Phone 604.718.7400
www.aviationworld.net
AVIATIOn TRAInInG
SERVICES - PROFESSIOnAL
Michael J. CulhaneBSc BA LLB ATPL
Barrister & Solicitor
VAC VAnCouVer Airport ChAplAinCy
Help UsHelp Others
Donate to YVR Chapel (Tax Receipts given)Vehicles (Working or not. Free Pickup)
Boats • Motors • Stocks / BondsLife Insurance
Real Estate, etc.
For more informationContact: J. James (604) 690-5858
Or yvrchaplain.com
MISCELLAnIOUS wAnTED
14 • Y V R S K Y T A L K | J U L Y 2 0 0 8
SPECIALTY RECREATIOn
Let’s Go Hiking!!Only 30 minutes from downtown Vancouver and yet a world away,
Natural Trekking will take you there!
We will pick you up and drop you off all you need to do is bring your cam-
era and the desire for adventure.
No experience is necessary.
Call Lois at 604-836-2321www.naturaltrekking.com
stArt YOur Future WItH serVIsAIr!
PRESENTLY HIRING FOR AIRLINE RAMP AGENTS
GREAT EMPLOYEE REFERRAL PROGRAM
EARN UP TO $1000.00
Ability to work in adverse weather conditions
Shift work, 24 hour operationOffloading and Loading baggage
and cargo Operate ground support
equipment Training program provided
EXCELLENT BENEFITS PACKAGE
· FULL HEALTH · TRAVEL PERKS· UNIFORM· PARKING
EMAIL YOUR RESUME TO:[email protected]
You must be a Canadian citizen or landed immigrant-IM1000 or
Permanent Resident.
Hold a valid Class 5 BC Drivers License and have your own means
of reliable transportation
EMPLOYMEnT OPPORTUnITIES ACCOMMODATIOn FOR REnT
HiringHelicopter Instructors
Experienced CFI and instructors to teach in Robinson R22 and R44.
Base salary + hourly commission for Classes I, II and III instructors.
Both F/T & P/T. Company benefit package also for F/T positions.
Send résumé to:[email protected]
or fax to 604-638-1919Visit www.SeaLandAir.ca.
One-Bedroom ApartmentClose to airport. Newer building.
Hardwood floors. No pets. Secured parking.
$875 per month, includes utilities.
Please leave message at
(604) 279-2579
ClassifiedCONSUMER | COMMERCIALTel: 604 736-6754 • Fax: 604 736-6750E-mail: [email protected]
49,000 Readers Every Month | $17.50 Per Col Inch
J U L Y 2 0 0 8 | Y V R S K Y T A L K • 15
Last month, U.S.-based Hawker
Beechcraft Corporation (HBC)
delivered the first of its flagship
Hawker 4000 super-midsized business
jets. The Hawker 4000 is the most
advanced business jet in the world
based on its innovative composite
construction.
The Hawker 4000 has extensively
toured the globe and has been in high
demand, with more than 130 of the
technologically advanced jets ordered
to date. The first several deliveries
of the Hawker 4000 will be made to
customers in the U.S., followed by
Venezuela, the United Kingdom, and
South Africa.
“This is not only a truly significant
moment in Hawker Beechcraft’s history,
but also a landmark day for general
aviation as we begin delivering the
world’s most advanced business jet—
our flagship Hawker 4000,” said Jim
Schuster, chairman and CEO of HBC.
“We are ushering in a new era for general
aviation as the Hawker 4000 is first in its
class and the first in the world.”
The Hawker 4000 capacity and
range is designed to meet the needs
of customers domestically and
internationally. Its impressive climb
rate quickly takes passengers from sea
level direct to 12,497 metres in just 20
minutes at maximum takeoff weight. It
has a certified ceiling of 13,716 metres.
Powered by two Pratt and Whitney
Canada PW308A engines, the Hawker
4000 can accelerate to its maximum
cruise speed of Mach 0.84. Coupled
with the Hawker 4000’s advanced wing
design, the engines provide impressive
high altitude/hot temperature and short
field capability.
The aircraft is constructed of
advanced composite material. Its
fuselage features a true 183-centimetre
standup cabin with a 196.8 cm width.
The interior is fully customizable with
a wide variety of materials and cabin
finishes available. Interior layout is a
standard eight-place configuration with
fully articulating executive seats in
double club format.
A flat floor runs the entire length
of the aircraft, leading to a large 2.51-
cubic metre baggage area, accessible
during flight through the cabin, or on the
ground through an exterior door.
What will the Vancouver 2010
Olympic and Paralympic
torches look like and how
will the cauldron display the Olympic
Flame at BC Place Stadium on February
12, 2010? While the answers will
remain a surprise for months to come,
Bombardier has received the honour of
designing and manufacturing the iconic
torches and cauldrons for the 2010
Winter Games.
The Canadian manufacturer and
designer of planes and trains has joined
the Vancouver Organizing Committee for
the 2010 Olympic and Paralympic Winter
Games (VANOC) as an official supporter
of the 2010 Winter Games and the first
signature supporter of the 2010 Olympic
and Paralympic Torch Relays.
As part of its sponsorship,
Bombardier will design and manufacture
the torches for the Vancouver 2010
Olympic and Paralympic Torch Relays
and two ceremony cauldrons. The
lighting of the cauldron is one of the
most anticipated and memorable
moments of the Opening Ceremony
and Bombardier will build two for the
Vancouver 2010 Winter Games—one
at BC Place Stadium in Vancouver
and the other at Celebration Plaza in
Whistler. The cauldrons, which are in
pre-development, will be unveiled to
the world at the opening ceremony on
February 12, 2010.
A multidisciplinary team from both
Bombardier Aerospace and Bombardier
Transportation has been collaborating
with VANOC to develop an original
and innovative concept for the torch,
which was approved by the International
Olympic Committee (IOC) last month.
The team includes engineers, industrial
designers and specialists who will spend
more than 24 months producing the
torches and cauldrons for 2010.
VANOC, in partnership with
Bombardier, will unveil the selected torch
design in early 2009. Twelve thousand
Canadians will carry the torch over
35,000 kilometres—the longest single-
country relay—bringing it through more
than 1,000 communities in more than
100 days.
As part of the agreement, Bombardier
receives exclusive rights in the aircraft
manufacturer and total passenger transit
systems vehicle manufacturer product
category for the 2010 Winter Games.
The company also receives sponsorship
rights for the Canadian Olympic team
for Beijing 2008, Vancouver 2010 and
London 2012.
ClassifiedCONSUMER | COMMERCIALTel: 604 736-6754 • Fax: 604 736-6750E-mail: [email protected]
49,000 Readers Every Month | $17.50 Per Col Inch
HARBOUR AIR SEAPLANESHarbour Air Seaplanes is the largest all-seaplane
company in the world, and voted one of B.C.’s
Top-40 Employers. We are currently recruiting for
these great full-time opportunities:
Chief Pilot
The Chief Pilot is responsible to the Operations Manager for the direction of safe
flight operations, and the professional standards of the Flight Crew. Requirements:
Transport Canada Commercial Pilot’s License and Current Class 1 Medical; 3500 hours
of fixed wing PIC; 1000 hours float time; Previous management and/or leadership
experience; Demonstrated computer knowledge and experience working in a
Window based platform; Extensive knowledge under Part 7 of the Canadian Aviation
Regulations, 703 and 704 Operations.
AMEs and Apprentice AMEs
We are seeking licensed and Apprentice AME’s to join our Richmond BaseTeam. AME
Requirements: AME license, M1; Experience with multiple aircraft types - DeHavilland
DHC 2, DHC3(T), DHC 6; Piston and Turbine experience; Radial and PT6 experience;
Ability to carry out sheet metal repairs; Ability to multi-task and prioritize in a fast
paced environment; Excellent communication skills and desire to work in a team
based safety-focused environment. Apprentices must have Transport Canada
accredited Aircraft Maintenance M1 course.
For complete position details visit www.harbourair.com.
To apply, email your résumé to [email protected]
Bombardier to produce torches, cauldrons for Vancouver 2010 Games
The 2008 Beijing Olympics Torch in London, England.
First delivery of the Hawker 4000 Business Jet.
SPACEFOR LEASE
Contact Tony Coon at (604) 218-6635 [email protected] Ken Moon (604) 273-4649 [email protected]
Hangar, storage, office & shop space on 2 levels, plus mezzanine. Ramp access.Four areas available, more than 9,000 sq. ft. total.
Hawker Beechcraft delivers advanced business jet
We deliver the most Chrysler, dodge, Jeeps in B.C.
www.marinechrysler.comAll prices and payments are net of all Chrysler, eco-auto and pst rebates. (8) 84-month ammort., bi-weekly payment, 8.89% apr., payment includes all taxes and fees, $31,288 total price.
Chrysler • dodge • Jeep 1-866-385-3307450 SE Marine Drive, Vancouver
All Trades wanted!OPEN: Mon-Thur 9-9 • Fri & Sat 9-6 • Sun 11-5
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2008 liberty limitedLeather, sunroof, rear park sense, 18” chrome wheelsMSRP $35,970
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2008 town & CountryPower sliding doors & tailgate, full stow ‘n go, alloys, loaded!
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You Pay Only $25,841 Stock #70815112
4
2008 Grand Cherokee limited Diesel
Loaded! Leather, sunroof, My Gig w/NAV, U-connect,high intensity discharge lights
MSRP $60,690
You Pay Only $46,523 Stock #6286306 6
2008 Caliber SXt
Auto, a/c, alloy wheels, security alarm
MSRP $21,895
You Pay Only $16,969 Stock #1286239
2008 ram 1500 Quad CabFull power group, a/c, Hemi, tow grp, Sirius radio
MSRP $38,115
You Pay Only $25,865 Stock #5881254
OVER 700KM
PER TANK60
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7 8 9
2009 Challenger
Taking orders today!
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2008 WranglerHard tops, soft tops, autos, manuals, Xs, Saharas, Rubicons…all in stock!
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10 11 12
Charger
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2009 Journey7-passenger seating, power windows, power locks, a/c, auto…and much more!
Starting From only
$22,570 Stock #4393694
2008 patriot north 4x4Loaded, sunroof, alloy wheels, security & cargo convenience
MSRP $26,645
You Pay Only $22,954 Stock #6682801
BRANDNEW!
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18IN STOCK!
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