Category: Canada Canadian News (Page 4 of 9)
CALGARY, Alberta & KANSAS CITY, Mo.–(BUSINESS WIRE)– Canadian Pacific Railway Limited (NYSE: CP) and Kansas City Southern (NYSE: KSU) have announced they have jointly filed a railroad control application with the Surface Transportation Board (“STB”) regarding the proposed transaction to create Canadian Pacific Kansas City (“CPKC”), the only single-line railroad linking the United States, Mexico and Canada.
The comprehensive control application provides an overview of the proposed operational integration of the CP and KCS rail networks, the impact of that consolidation on the companies’ finances and labour needs, and the anticipated competitive and other benefits that will flow from providing shippers with new and better transportation alternatives. Information in the filing outlines the public and customer benefits a CP-KCS combination would bring, including more efficient north-south trade arteries to support the interconnected supply chains of the United States, Mexico and Canada.
In addition to the central foundation of the transaction to invigorate transportation competition and support economic growth across North America, the CP-KCS combination will generate many other public benefits, including:
- The creation of more than 1,000 direct new jobs system-wide, including approximately 760 in the United States, over the next three years brought about by expanded rail operations across the combined network.
- Capital investments in new infrastructure of more than USD$275 million1 over the next three years to improve rail safety and capacity of the core north-south CPKC main line between Louisiana and the Upper Midwest.
- Avoidance of more than 1.5 million tons of greenhouse gas (GHG) emissions within five years due to the improved efficiency of CPKC versus current operations.
- Diverting 64,000 long-haul truck shipments to rail annually with new CPKC intermodal services, eliminating another 1.3 million tons of GHG emissions over the next two decades, saving $750 million in highway maintenance costs.
Rail customers will not experience a reduction in independent railroad choices as a result of the CP-KCS combination. The joint control application reiterates the applicants’ commitment to keep all existing freight rail gateways open on commercially reasonable terms, including the Laredo gateway between the United States and Mexico, and shows how customers will not lose competitive routings because no new regulatory “bottlenecks” are being created. It also describes how the combined company will compete aggressively to attract traffic to its network via new single-line lanes between Canada, the Upper Midwest and the Gulf Coast, Texas, and Mexico.
More than 960 stakeholders, including more than 440 shippers, 186 smaller railroads, dozens of public officials, eight major ports, railroad labor unions representing both CP and KCS employees and 289 rail industry suppliers have written letters to the STB supporting CP’s proposed combination with KCS.
CP has agreed to acquire KCS in a stock and cash transaction representing an enterprise value of approximately $31 billion, which includes the assumption of $3.8 billion of outstanding KCS debt. The transaction, which has the unanimous support of both boards of directors, values KCS at $300 per share, representing a 34 percent premium, based on the CP closing price on Aug. 9, 2021, the date prior to which CP submitted a revised offer to acquire KCS, and KCS’ unaffected closing price on March 19, 2021.2
The transaction is subject to approval by shareholders of each company along with satisfaction of customary closing conditions, including Mexican regulatory approvals. Shareholders are expected to vote on the transaction later this year.
CP’s ultimate acquisition of control of KCS’ U.S. railways is subject to the approval of the STB. In April 2021, the STB determined it would review the CP-KCS combination under the merger rules in existence prior to 2001 and the waiver granted to KCS in 2001 to exempt it from the 2001 merger rules. In August 2021, the STB reaffirmed that the pre-2001 rules would govern its review of the CP-KCS transaction. On Sept. 30, 2021, the STB confirmed that it has approved the use of a voting trust for the CP-KCS combination.
The STB review of CP’s proposed control of KCS is expected to be completed in the second half of 2022. Upon obtaining control approval, the two companies will be integrated fully over the ensuing three years, unlocking the benefits of the combination.
While remaining the smallest of six U.S. Class 1 railroads by revenue, the combined company would have a much larger and more competitive network, operating approximately 20,000 miles of rail, employing close to 20,000 people, and generating total revenues of approximately $8.7 billion based on 2020 actual revenues.
For more information about the benefits of the CP-KCS combination, visit futureforfreight.com
Mirabel, Quebec, Canada, 29 September, 2021 – Air France (OTC: AFLYY) has received its first A220-300 from an order for 60 aircraft of the type, the largest A220 order from a European carrier. The aircraft was delivered from the Airbus (OTC: EADSY) final assembly line in Mirabel, Quebec, Canada and officially unveiled to the public during a ceremony held at Paris Charles-De-Gaulle Airport.
The A220 is the most efficient and flexible aircraft in the 100 to 150 seat market segment today. The renewal of the Air France single-aisle fleet with this latest generation aircraft will increase efficiency along with customer comfort and support Air France to meet its environmental goals and sustainability objectives.
The first Air France A220-300 will be operated on its medium-haul network from the 2021 winter season. Currently, Air France operates a fleet of 136 Airbus aircraft. Air France is also renewing its long-haul fleet, and has already taken delivery of 11 A350’s out of an order of 38.
The Air France A220-300 cabin is configured in a single-class layout to comfortably welcome 148 passengers. Offering superior single-aisle comfort, with the widest leather seats, largest windows and up to 20% more overhead stowage space per passenger, the Air France A220 also features full WiFi connectivity throughout the cabin and two USB sockets at each passenger seat.
The A220 is the only aircraft purpose-built for the 100-150 seat market and brings together state-of-the-art aerodynamics, advanced materials and Pratt & Whitney’s latest-generation geared turbofan engines. With a range of up to 3,450 nm (6,390 km), the A220 gives airlines added operational flexibility. The A220 delivers up to 25% lower fuel burn and CO2 emissions per seat compared to previous generation aircraft, and 50% lower NOx emissions than industry standards. In addition, the aircraft noise footprint is reduced by 50% compared to previous generation aircraft – making the A220 a good neighbour around airports.
As of the end of August, over 170 A220’s have been delivered to 11 operators worldwide.
We are in mourning today for the people who lost their lives due to the derailment of the Empire Builder train Saturday, near Joplin, Montana, on the BNSF Railway, as well as the many others who were injured. We have no words that can adequately express our sorrow for those who lost a loved one or who were hurt in this horrible event. They are in our thoughts and prayers.
We are fully cooperating with the investigation, working closely with National Transportation Safety Board, the Federal Railroad Administration, local law enforcement and response agencies. We share the sense of urgency to understand why the accident happened; however, until the investigation is complete, we will not comment further on the accident itself. The NTSB will identify the cause or causes of this accident, and Amtrak commits to taking appropriate actions to prevent a similar accident in the future.
Amtrak’s immediate and sustained focus is on doing everything we can to help our passengers and crew, especially the families of those who were injured or died, at this painful and difficult time. Our Incident Response Team has been initiated. We have sent emergency personnel and Amtrak leadership to the scene to help support our passengers, our employees and their families with their needs. Individuals with questions about their family and friends aboard this train should call 800-523-9101. We have also established a Family Assistance Center in Great Falls, Montana, and we will have family assistance liaisons at that site to reach out to those injured and their families to make sure they get what they need. We have dispatched nurse case managers to support those hospitalized. As soon as Amtrak has permission, we will access the accident site to retrieve the personal effects of our passengers and crew.
We want to extend our deep gratitude and sincere appreciation to the Joplin and greater Liberty County communities and other Montana counties and their selfless first responders, hospital staff and law enforcement for their immediate and ongoing help to support of all those aboard the Empire Builder for responding with such urgency, compassion and patience.
Hahn Air welcomes Harbour Air Seaplanes in its leading partner portfolio. Its flights are available in major GDSs under the Hahn Air Technologies X1 code. Travel agents in 190 markets worldwide can book the latest Canadian partner via the standard reservation process and issue tickets on the insolvency-safe HR-169 document.
Harbour Air Seaplanes (YB) is a Canadian seaplane airline based at Vancouver Coal Harbour airport in British Columbia. It offers scheduled flights to ten domestic destinations, including Victoria Harbour Airport (YWH), Nanaimo Harbour Water Aerodrome (ZNA) and Tofino Harbour (YTP). Its fleet consists of DHC-2’s, DHC-6-200’s, DHC-6-300 fleet aircraft as well as a Cessna Grand Caravan EX.
More information about Harbour Air Seaplanes and other Hahn Air partners is available under Partner Carriers.
About Hahn Air Lines
Hahn Air Lines is a German scheduled and executive charter airline and a member of the International Air Transport Association (IATA). Founded in 1994 at the Hahn Airport, which the airline’s name is derived from, Hahn Air Lines is today based at the German airport Dusseldorf (DUS).
DEARBORN, Mich., Aug. 19, 2021 – Today in celebration of the Woodward Dream Cruise, Ford Motor Company (NYSE: F) is taking a page out of its Mustang history book with the introduction of the new Mustang Ice White Edition Appearance Package for both Mustang coupe and Mustang Mach-E. This marks the first time in 28 years Ford is offering a white-on-white Mustang and the first time ever for the coupe.
“Mustang has always had the power to attract attention on the road, but the new Mustang Ice White Edition could – just like the original ’93 Triple White Fox body feature Mustang – become one of the hot collectibles of future generations,” said Jim Owens, Mustang brand marketing manager. “We are proud to continue a longstanding Mustang tradition of continuously offering fresh, new styling options for customers to empower them to make their Mustang an extension of who they are.”
The package is the first to be offered to both Mustang Mach-E and Mustang coupe customers.
Ice White Edition Mustang Mach-E
The 2021 Car and Driver EV of the Year, North American SUV of the Year and one of the hottest all-electric SUVs on the market will exclusively offer the new Mustang Ice White Edition Appearance Package on Mustang Mach-E Premium models.
Star White Metallic Tri-Coat paint includes unique Star White mirror caps and wheel lip moldings to ice-out the exterior. Front and center on the grille is an Oxford White pony badge, which also appears between the tri-bar taillamps. The package adds unique 19-inch machined-face aluminum wheels with Oxford White-painted pockets.
Light Space Gray sets the cabin stage, appearing on the seats, center console and door-panel armrests. A Bright Silver hex-patterned instrument panel plus an Oxford White pony badge on the steering wheel add chill to the interior environment.
Orders for the 2022 Mustang Mach-E Ice White Edition open in the fall. The vehicle will be in showrooms early next year.
Ice White Edition Mustang Coupe
Reminiscent of the 1993 Triple White Fox body feature Mustang, the 2022 Mustang coupe Ice White Edition gives customers the option to add even more head-turning style to the world’s best-selling sports car1. Ford made just 1,500 Triple White Fox body feature Mustangs – all convertibles.
Available on Mustang EcoBoost® and GT Premium fastback models, the Mustang Ice White Edition comes lacquered exclusively in Oxford White and features unique iced-out taillamps, plus heritage-inspired 19×9-inch wheels in matching Oxford White with machine-surfaced pockets. Just like on the Ice White Edition Mustang Mach-E, the Ice White Mustang coupe comes with Oxford White pony badges and fender badging.
The black and white interior features Oxford White leather seat inserts front and rear, plus Oxford White leather door panels. An aluminum appliqué on the dash and white accent stitching on the center console, door panels, shifter boot, headrests and more add to the cool cabin environment.
Ice White Edition Appearance Package-equipped Mustang EcoBoost and Mustang GT Premium coupes arrive at dealers in early 2022.
German airline Condor has chosen the A330neo to renew its long-haul fleet with plans to introduce 16 aircraft of this new and more efficient type. The airline has signed an agreement with Airbus for the purchase of seven Airbus A330neo, and intends to lease a further nine.
Condor is the latest airline to order Airbus’ state-of-the-art A330neo widebody aircraft, bringing a step-change in performance and economics. The airline will operate the A330neo on its international long-haul network to the Americas, Africa, the Caribbean and Asia.
The Airbus A330neo is a true next-generation aircraft, incorporating the latest A350 technologies, with A330 profitability and Airbus commonality. Equipped with the stunning Airspace cabin, the A330neo offers a unique passenger experience, brimming with the latest in-flight entertainment systems and connectivity.
The A330neo is powered by Rolls-Royce Trent 7000 engines and features a new wing with increased span and A350-inspired winglets. The aircraft also provides an unprecedented level of efficiency, with 25% lower fuel-burn and CO2 emissions per seat than previous-generation competitors. Thanks to its tailored, mid-sized capacity and excellent range versatility, the A330neo is considered the ideal aircraft to support operators in their post-COVID-19 recovery.
McLean, Virginia – Leading global hospitality company, Hilton (NYSE: HLT), announced today the signing of three managed resorts in Mexico, furthering the company’s all-inclusive and luxury expansion plans: Hilton Vallarta Riviera All-Inclusive Resort, Hilton Tulum All-Inclusive Resort and the luxurious Conrad Tulum. The newest additions to the company’s portfolio showcase Hilton’s deep-rooted commitment to growing its unrivaled offerings in Mexico, where Hilton has more than 70 hotels open and more than 30 in the development pipeline.
“Mexico has always been an incredibly important destination for Hilton. These new additions are one more symbol that tourism in Mexico is rebounding and it is with great pride that we continue evolving our offerings in this burgeoning market, especially in the luxury and all-inclusive segments,” said Danny Hughes, Executive Vice President and President, Americas, Hilton. “We are extremely proud of our new products, ongoing partnership with Parks Holdings and the resilient Team Members who are working to bring the warmth of hospitality to the new resorts entering our portfolio.”
A development by Parks Hospitality and owned by Fibra UNO, Hilton Vallarta Riviera All-Inclusive Resort is expected to convert in Q4 2021. Situated between the beaches of the Bay of Banderas and the majestic Sierra Madres Mountain, the 444-room AAA Four Diamond award-winning resort features a picturesque private beach, two glistening pools, full-service spa, fitness center, six craft cocktail bars, and seven specialty restaurants offering a variety of cuisine including Asian, Italian and Mexican flavors, as well as seafood and tapas options. Catering to the evolving needs of today’s business traveler, the resort offers nearly 26,000 square feet divided with 13,000 square feet of outdoor event space and 13,000 square feet of flexible indoor meeting space.
Owned and developed by Parks Hospitality, Conrad Tulum and Hilton Tulum All-Inclusive Resort are anticipated to join the Hilton portfolio in Q4 2021 and Q1 2022 respectively. The distinctly unique hotels will each provide guests with a brand-exclusive experience featuring world-class dining and extensive recreation options, while offering visitors access to shared amenities including a meetings and events complex and a state-of-art spa.
“We are honored and excited to be extending our successful partnership with Hilton with these iconic resorts and bringing new unprecedented luxury options to Tulum. We believe Mexico’s unique combination of people, culture, gastronomy, and natural beauties, make it the best global destination for tourism and we look forward to our continued future growth with Hilton. I would like to thank all of Parks, FUNO and Hilton’s team for all their hard work in bringing these amazing projects to reality,” said Charles Elmann Fasja, CEO Parks Holdings.
Nestled among verdant tropical vegetation, overlooking the Caribbean Sea’s turquoise waters, and situated on an expansive stretch of beach, the new-build 349-room luxurious Conrad Tulum will be Conrad Hotels & Resorts’ first hotel in Quintana Roo on the eastern coast of the Yucatan Peninsula. Located near one of the best-preserved Mayan sites in Mexico, the property will provide a secluded haven for travelers featuring a bold design aesthetic inspired by Tulum’s lush landscape, picturesque beaches, and surrounding nature reserves. In addition to elegantly appointed rooms, the new hotel’s selection of accommodations will feature contemporary and sophisticated master suites, governor suites and presidential suites. Guests can choose from seven world-class restaurants and bars featuring an array of cuisine options from Mediterranean and Asian to a special Chef Table’s dining experience and relax and unwind in five pools. Like other properties in the Conrad Hotels & Resorts portfolio, Conrad Tulum will draw on the destination’s local influence and offer a distinct experience for travelers. Travelers will enjoy an enriching escape with effortless and passionately delivered service as they explore and immerse themselves in Tulum’s culture and community.
The 735-room oceanfront Hilton Tulum All-Inclusive Resort will introduce travelers to an upscale and elevated all-inclusive experience in this sought-after destination. Set to boast unrestricted views of the picturesque waters of the Caribbean Sea, the resort will offer seven dining experiences featuring international cuisine, an expansive multiple pool complex with a waterpark, and a secluded beach.
In addition to the variety of dining and recreation options at the luxurious Conrad Tulum or Hilton Tulum All-Inclusive Resort, all guests at either hotel will have access to a 21,500-plus square foot spa, with 16 treatment rooms and a pool, in a private and quiet area surrounded by tropical resort grounds. Guests visiting for meetings or events will have access to a 55,000 square foot convention center and an auditorium that seats up to 400 people.
Porter Airlines Orders up to 80 Embraer E195-E2 Jets to Lead Major Expansion Plan
Porter Airlines has unveiled plans to extend its award-winning service to destinations throughout North America with a firm order for 30 Embraer E195-E2 jets, with purchase rights for a further 50 aircraft. The deal will be included in Embraer’s second quarter backlog, and is worth USD5.82 billion, at list price with all options exercised. First revealed in May 2021, this announcement adds the purchase rights and the customer name, which had been undisclosed.
Porter Airlines will be the North American launch customer for Embraer’s newest family of jets, the E2. Porter’s investment is set to disrupt the Canadian aviation landscape; enhancing competition, elevating passenger service levels and creating as many as 6,000 new jobs. Porter intends to deploy the E195-E2s to popular business and leisure destinations throughout Canada, the United States, Mexico and the Caribbean, from Ottawa, Montreal, Halifax and Toronto Pearson International Airport.
Porter’s first delivery and entry into service is scheduled starting in the second half of 2022. The option to convert purchase rights to the E190-E2s is included in the agreement. This would provide greater flexibility to introduce non-stop service in markets with fewer passengers, and to add frequencies on higher demand routes.
The E195-E2 accommodates between 120 and 146 passengers. Configuration plans for Porter’s E2s will be revealed in due course.
Emirates has announced it will restart passenger services to Mauritius this summer with two weekly flights from 15 July, as the island-nation gradually re-opens its borders to international tourists. To serve market demand, the airline has also announced it will deploy its iconic Emirates A380 aircraft to Mauritius starting 1 August. Fully vaccinated travellers can enjoy a relaxing and safe getaway in a list of pre-approved COVID-19 safe resorts across the island.
Emirates’ flights to Mauritius will operate on Thursdays and Saturdays. Starting from 15 July, the route will be served utilising a Boeing 777-300ER aircraft, and from 1 August, utilising the Emirates A380 aircraft. Emirates flight EK 701 will depart Dubai 2:35hrs and arrive in Mauritius at 9:10hrs local time. The return flight will operate on Fridays and Sundays. Emirates flight EK 704 will depart Mauritius at 23:10hrs and arrive in Dubai at 5:45hrs local time, the following day.
Emirates flights to Mauritius can be booked on emirates.com, via travel agents or Emirates Sales Office.
The Emirates A380 experience remains a favourite amongst travellers for its spacious and comfortable cabins and the airline will continue to expand its deployment in line with the gradual return in demand. Emirates currently operates the A380 to New York JFK, Los Angeles, Washington D.C, Toronto, Paris, Munich, Vienna, Frankfurt, Moscow, Amman, Cairo, and Guangzhou.
From white sandy beaches, crystal clear water, and luscious landscapes – Mauritius remains one the most popular holiday destinations, attracting travellers across the Americas, Europe, and the Middle East. Emirates passengers can also enjoy other Indian Ocean destinations, as the airline offers 28 weekly flights to Maldives and seven weekly flights to Seychelles.
Travellers can also book with Emirates Holidays and enjoy tailor-made packages at world-class hotels and resorts across the island. For more information, click here