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| THOMAS COOK RECEIVES $2.25 BILLION LIFELINE FROM LENDERS |
| A major refinancing package, extending to May 2015, will give Thomas Cook the stability it needs, statement says |
| Terrilyn Kunopaski |
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| Frank Meysman |
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Thomas Cook Group plc announced on Sat., May 5 that it has agreed to a three-year, £1.4 billion (approximately CAD$2.25 billion) refinancing package with its lenders. The agreement, which extends to May 31, 2015, provides further stability to the business, according to a statement released by the Group this weekend. Other terms of the deal include: no fixed repayments and...
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| CANADIAN DELEGATES WEIGH IN ON POW WOW 2012 |
| How do Canadian reps feel about this year's Pow Wow vs. years past? |
| Terrilyn Kunopaski |
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| 1. Anita Walker & Reg Mendes; 2. Kim Uno, Jacqui Budd & Kimberley Hartley; 3. Elvi Cal & Elaine Carnegie |
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With the 44th annual Pow Wow now more than a week in the past, TRAVELHotNews.com took the opportunity to catch up with a few Canadian representatives who were on hand, either as suppliers or buyers. Some are Pow Wow veterans, while others were trying their hand...
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| AIR CANADA STRATEGIZES TO EARN PROFIT AFTER $210 MILLION NET LOSS |
| Boosting labour & maintenance efficiency Air Canada’s focus to turn profits |
| The Canadian Press |
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| Calin Rovinescu |
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Air Canada believes it can eventually turn its first profit in years by moving past the labour disruptions that have damaged its brand to transform the airline by reducing employee and maintenance costs. While it would be easier to tackle the challenges of the 75-year-old carrier by starting over, “sadly life doesn't work like that,” president and CEO Calin Rovinescu said Friday after the airline reported significantly deeper losses in the first quarter. “What you're seeing is the chipping away through a transformational process of many, many, many inefficiencies that re built-in and inherent in a legacy environment like this.” Rovinescu said the airline has given its employees very good lifestyles over the years...
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| TRANSAT ANNOUNCES ROUYN-NORANDA TO MEXICO FLIGHTS |
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Transat has announced that for a second year in a row, it will be offering a weekly flight from Rouyn Noranda to Cancun and the Riviera Maya from Dec. 18, 2012 to Apr. 30, 2013. Transat will also offer a new weekly flight from Rouyn Noranda to Puerto Plata from Dec. 19, 2012 to Apr. 24, 2013. The two flights will be operated by CanJet, Transat's partner airline...
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| INDUSTRY MOURNS VISIT ORLANDO CEO |
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| Gary Sain |
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Gary Sain, president & CEO of Visit Orlando, passed away suddenly and unexpectedly on Friday in Orlando. Paul Tang, chairman, Board of Directors, Visit Orlando released the following statement: “Gary was a loving son, husband and father. Our thoughts go out to the people he most cherished, Gary’s mother Elizabeth Sain, wife Pam and daughters Vanessa Sain-Dieguez (Luis) and Olivia. As the leader of Visit Orlando, Gary served as our community's brand ambassador working tirelessly on behalf of Orlando and the entire travel and tourism industry. He spent his entire career working in hospitality and was honored numerous times for his contributions. The Visit Orlando team, our destination partners and our community have...
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| EMIRATES INTRODUCES ARABIAN AIRPASS |
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Emirates airline has announced the launch of the Arabian Airpass – a new travel offer that allows clients to explore Arabia for less, with flights starting from $60 (restrictions apply). This offer provides clients a chance to experience Emirates’ premium cabins and First and Business class service at affordable prices; Business Class fares start from $175 and First Class fares from $245. With Dubai as your clients’...
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