On the eve of Heli-Expo 2011, training provider CAE (Booth No. 1253) announced both the completion of its acquisition of CHC Helicopter’s flight training operations and a partnership agreement to provide flight training for CHC Helicopter personnel.
Economy of Canada
Gander is something of a legend in the history of transatlantic aviation. Its location in Newfoundland positions it well to serve as the last or first stop on the North American continent for airplanes to gorge on fuel before or after crossing all that water. Gander also felt the brunt of the 9/11 grounding, accepting 39 heavy airliners and absorbing their 6,595 passengers and crew into a community of slightly less than 10,000 people.
CHC Helicopter Corp. hit the Big Apple October 11 when its class-A subordinate voting shares began trading on the New York Stock Exchange under the symbol “FLI.” Making a characteristically high-profile splash in the concrete canyons of lower Manhattan, CHC CEO Craig Dobbin, flanked by other company officers, rang the official opening bell to start trading on the stock exchange floor at 9:30 a.m.
Air Canada signed a new agreement with its wholly owned regional subsidiary, Air Canada Jazz, to adopt what it calls a capacity purchase model to replace the airlines’ existing revenue-sharing arrangement. The new code-share deal goes into effect August 1, when Air Canada Jazz begins accepting payments from its major partner on a per-flight basis.
The first Bombardier Challenger 890 corporate shuttle entered service in late February with Calgary-based Suncor Energy, a major North American developer of oil sands. The CRJ900 regional jet derivative, which joins Suncor’s Challenger 850 corporate shuttle, will be used to transport workers from the company’s Calgary headquarters to its oil sands in Fort McMurray, Alberta.
Simulator maker CAE last month announced that Bombardier has awarded the company the simulation development contract for the CRJ900 regional jet and upgrades to four CRJ700 simulators. In addition, Calgary-based airline WestJet has agreed to purchase a Boeing 737-700 flight simulator for installation at the airline’s training facility.
CHC Helicopter Corp., the world’s largest provider of helicopter services to the offshore oil and gas industry, is to be sold for $3.7 billion in what company officials described as “the largest oilfield services buyout ever.”
BlackBerry-starved executives who go into cold sweats anytime they have to shut off their devices take heart. Research In Motion, the Canadian company that makes the ubiquitous e-mail fetcher, has introduced Wi-Fi-capable versions of the BlackBerry that satcom installers say will work on airplanes fitted with high-speed-data terminals and wireless access points.
On July 12 Irving Aviation celebrated the grand reopening of its Gander, Newfoundland FBO, a 5,000-sq-ft facility built to replace the original FBO terminal. “Our Gander FBO is strategically located on the Great Circle Route and serves as a technical refueling stop,” said Arthur Irving Jr., v-p of Irving Oil. Irving Aviation, an affiliate of Irving Oil, is open 24/7/365.
CHC Helicopter is scaling back its offices in St. John’s, Newfoundland, Canada, as part of a restructuring plan. The COO and financial staff are moving to the company’s office in Vancouver, B.C. CEO Craig Dobbin said that although the company will maintain an office in St. John’s, there will be some layoffs–but he plans to hold off on these for at least six months. Dobbin apparently considered beefing up the office in St.