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| Canadian Transportation Agency approves Air Canada corporate structure |
| (CP) |
Air Canada moved another step closer to exiting creditor protection Friday after the Canadian Transportation Agency said the airline's new corporate structure will meet the Canadian ownership and control requirements.
``After a careful and comprehensive examination of all information and documentation filed in respect of the proposed new corporate structure of Air Canada, the agency is satisfied that the new entity, ACE Aviation Holdings, will meet the Canadian ownership and control requirements,'' the agency said.
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| Northwest Drops Agency Booking Fees |
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The strength of the agency distribution channel and the role of distribution systems which power travel agencies were affirmed today when Northwest Airlines stood down from its ill-conceived plan to charge Canadian and U.S. travel agencies "shared GDS fees" for the privilege of selling Northwest's U.S. domestic itineraries.
"The Northwest GDS fee sharing plan and its quick demise proved one thing - travel agencies and the systems which power them are a formidable marriage of salesmanship and technology, an essential alliance which the world's mainline carriers simply cannot afford to eliminate," said Genesis President Bruce Bishins. (Jp ici photo de Burce)
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| The most popular Canadian travel agent shopping tool SIREV just got better. SIREV.com now introduces R+ |
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 With the integration of web and negotiated fares from major discount carriers and consolidators, combined with new enhanced features; SIREV is more powerful than ever!
PcVoyages 2000 is proud to announce the redesign of SIREV.com, Canada’s premier shopping and reservation system, which is used by thousands of travel agents to save time, money and to enhance the quality of the services they provide to their clients. SIREV is a solution of Softvoyage, a North-American leader in IT solutions for the travel industry.
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| Continental Airlines to not make pension contributions this year |
| (AP) |
Continental Airlines announced Friday it will not make any contributions to its pension plan this year, citing as reasons the ongoing uncertainty of the industry's economic environment and the record high cost of jet fuel.
In June, Continental filed an election with the Internal Revenue Service to preserve the company's eligibility for deficit reduction contribution relief under the recently enacted Pension Funding Equity Act.
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| FLash | Air Canada Welcomes Canadian Transportation Agency Decision
Air Canada welcomed the decision rendered today by the Canadian Transportation Agency which concludes that Air Canada's proposed new corporate structure will meet the Canadian ownership and control requirements as defined in the Canada Transportation Act. "We welcome today's decision by the Canadian Transportation Agency that allows us to meet the closing ownership conditions and proceed towards the completion of our restructuring by the end of September," said John Baker, Senior Vice President and General Counsel. |
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