2003-11_skytalk

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GoodbyeSupersonic By Joan Stewart

ast month, after more than three decades of luxury travel, flights on the world’s only supersonic passenger aircraft ended. British Airways (BA) retired its last Concorde Supersonic Transport (SST) on October 24, while Air France retired the last of its fleet in May, 2003. While few of us ever flew on this marvel of aviation technology, just seeing this beautiful ‘bird’ in flight was a thrilling experience. Even in this high-tech age the

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SEE CONCORDE, PAGE 6

On Sept. 23, 1998, BA Concorde G-BOAE stopped at YVR for fuel and catering.

Photo: Jim Jorgenson

F R E E NOVEMBER 2003 • Your Airport Community Newspaper – Vancouver International Airport

Victor T.K. Li New Air Canada Zoom Airlines Launches Direct Transatlantic Flights Equity Plan Sponsor Vancouver to Gatwick and Glasgow

ast month, Ottawa-based Zoom Airlines announced it will offer scheduled transatlantic flights to both Glasgow Airport and London’s Gatwick Airport from Vancouver, beginning May 2004, with lower fares than the current charter options available. In addition to Vancouver, Zoom Airlines will fly yearround, direct from Toronto, Ottawa, Halifax, Calgary, and Edmonton to Gatwick and Glasgow, using its fleet of Boeing 767-300 aircraft with 268 seats.

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Equity of $1.1 Billion to be raised, including $450 Million Rights Offering ir Canada’s Board of Directors has selected Trinity Time Investments, controlled by Victor T.K. Li, from the two equity plan sponsor finalists. The Agreement contemplates a $650 million equity investment, which will represent approximately 31 per cent of the common equity in a restructured Air Canada. Rights will be offered to all creditors of Air Canada to acquire new shares on the same economic terms as Trinity. The Rights Offering, in an amount of $450 million, will close contemporane-

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ously with the Trinity Investment and will be underwritten by Deutsche Bank as standby purchaser. Rights not purchased by creditors will be purchased by Deutsche Bank at a premium determined in accordance with a formula not to exceed 15 per cent, to benefit non-exercising creditors. Between the Trinity Investment and the Rights Offering, an additional $100 million is being raised over the previously announced $1 billion, which would avoid having SEE AIR CANADA CONTINUED ON PAGE 3

Zoom Airlines was founded in May 2002 by Scottish-born entrepreneur Hugh Boyle, now of Ottawa, and a team of travel and aviation experts. Boyle has a proven record in developing travel businesses, which feature low fares and direct-toSEE ZOOM AIRLINES consumer selling. His Direct CONTINUED ON PAGE 2 Holidays was a brand leader in

Pretty in Pink

One of the most attractive aircraft in Canada, this fuchsia Boeing 737 C-GCPP ZIP aircraft was photographed air-to-air over the Lower Mainland during a test flight from Vancouver in September. The aircraft is shown airborne over Crescent Beach, White Rock, and was photographed by air-to-air specialist photographer Henry Tenby. Additional images can be viewed at HenryTenby.com. ZIP Air Inc., a wholly owned subsidiary of Air Canada. The airline’s signature look features a full, vibrant, four-colour palette — fuchsia, blue, green, and orange – for each of its aircraft.

Cell Phone Rentals Call * YVR is the international aeronautical designation for Vancouver International Airport.

604-671-4655


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