F R E E YOUR AIRPORT AND SEA ISLAND COMMUNITY NEWSPAPER
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NOVEMBER 2005
Zoom Says ‘Bonjour’ To The Heart Of Europe Z oom Airlines has announced a new Vancouver-Calgary-Paris service, Western Canada’s only direct flight to Paris. The new service seeks to provide Western Canadians with easy access to the third-largest city in
Europe, and is in addition to Zoom’s year-round U.K. program. Flights to Paris begin June 10, 2006, and will continue every Saturday until October 29, 2006. Consumers can purchase their tickets
Harbour Air Seaplanes Expands Its Services To Victoria ast month, Harbour Air Seaplanes began daily scheduled service flights between its base near YVR’s South Terminal and the downtown Victoria Harbour Terminal. “Harbour Air Seaplanes is pleased to provide passengers from Victoria with a choice of destinations, while continuing to offer comfortable, convenient and reliable service,” said Randy Wright, vice president of sales and marketing. Initially, the Vancouver-Victoria route will be operated six times daily with an expansion of ser-
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vice scheduled for the summer months. Harbour Air is using its fleet of DeHavilland DHC-3 Turbine Single Otters to service the newly scheduled route (see page 10). Special promotional offers include complimentary parking at Harbour Air’s YVR base, double frequent flyer points, complimentary shuttle service to YVR’s South and Main Terminals, and an increased baggage allowance. For additional information, visit www.harbourair.com.
SEE ZOOM, PAGE 3
Airport Authority Establishes Construction Project Management Company
FasTrack Premium Check-In Lounge Arrives At YVR
ancouver International Airport Authority has established YVR Project Management (YVRPM), a wholly owned subsidiary, to oversee major expansion projects at YVR. As demand for air travel continues to grow, YVR is undergoing a comprehensive $1.4-billion capital expansion program to accommodate the 21-million passengers expected at YVR by 2010, as well as the newer, larger aircraft of the future. The construction program will ensure the airport continues to be developed as a premier global gateway and economic generator for British Columbia. “In today’s increasingly competitive marketplace, with B.C.’s robust economy, the construction industry is enjoying unprecedented growth,”
First Of Its Kind In North America
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(Top Right) Bob Cowan, senior vice president, Engineering, Vancouver International Airport Authority, will chair YVR’s new construction project management company. (Bottom Right) As president of YVR Project Management, Ray Zibrik will oversee major expansion projects at YVR.
said Larry Berg, president and CEO, Vancouver International Airport Authority. “The Airport Authority has proved it can deliver major capital projects on time and on budget. This new company will guarantee SEE MANAGEMENT COMPANY, PAGE 7
ancouver International Airport Authority continues to lead in customer service and cutting-edge technology with the opening of a new premium check-in lounge in the International Terminal. YVR FasTrack Premium check-in caters to business- and first-class passengers flying with Singapore Airlines and Cathay Pacific, and provides a dedicated and comfortable area to check in. Passengers using the premium service are assisted with their luggage and taken directly to the fully equipped lounge for an expedited premium check-in experience. “We are proud to be the first airport in North America to offer this service,” said Kevin Molloy, vice president, Simplified Passenger Travel and
for as little as $299 one way. “There is tremendous opportunity for Zoom to penetrate a market that is currently under-serviced,” says Kris Dolinki, chief executive officer, Zoom Airlines. “The success of Zoom Airlines and our low-cost, full-service model has allowed us to provide distinct products. Zoom is proud to be the only air carrier to offer service to
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chief information officer, Vancouver International Airport Authority. “Together with our partners Singapore Airlines and Cathay Pacific, we are raising the bar for customer service.” The lounge offers sumptuous leather chairs and fresh flowers. Once they have checked-in, passengers are
YVR Awards Duty Free Contract To Aldeasa ancouver International Airport Authority has awarded the duty free concession contract at YVR to Aldeasa, the fourth largest airport retailer in the world. Aldeasa, based in Madrid, developed its bid jointly with HMSHost, a subsidiary of the Autogrill Group Inc., a leading international developer of innovative shop and restaurant formats and world-renowned for creating innovative concession plans in travel venues. HMSHost operates in more than 70 airport locations around the globe, including 18 of the 20 busiest airports in North America. “It is extremely satisfying for us to see that not only YVR, but also suppliers, have placed their faith and support behind our bid,” said Javier Gómez-Navarro,
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SEE PREMIUM CHECK-IN PAGE 3
SEE ALDEASA, PAGE 3
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Premium Check-In,
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directed to a dedicated security screening point and onward to each airline’s lounge. The premium check-in lounge, located just within the main doors of the International terminal, is the prototype of facilities that will be located in the new Link Building, which is scheduled to open in 2007. The
building, so named because it is located where the Domestic and International terminals are linked, will also feature additional check-in facilities, baggage systems and office space, and will serve as the main point of entry from the RAV Line terminal station.
Aldeasa,
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Aldeasa’s chairman. “This will undoubtedly be our greatest motivation to step up our efforts and offer the best quality of service at Vancouver International Airport.” Aldeasa currently manages airport retail activities in 10 countries across three continents, including Spain, Portugal, Jordan, Chile, Peru, Mexico, Colombia, Cape Verde, Curaçao and Morocco. “We’re looking forward to working with Aldeasa,” said David Huffer, vice president, Commercial Development, Vancouver International Airport Authority. “Aldeasa has a proven track record in airport retailing around the world, and our customers can expect an exciting mix of new brands in our duty free stores, and a strong focus on the customer service that they have come to expect at YVR.” The Airport Authority issued a Request for Proposals in May 2005, with five of the world’s leading firms submitting bids. The proposals were judged on a number of criteria including customer service, marketing plans and pricing. The contract term is eight
Zoom,
years, plus a two-year option. The request for proposals contemplated operation of the duty free stores at YVR in June 2007. “We had a great deal of interest from some of the best retailers in the world,” Huffer said. “It confirms the strength of our market and long-term potential at YVR. With Aldeasa and HMSHost on board, our new duty free program will be among the best in the world.” YVR’s local and international travellers can look forward to an expanded range of duty free offerings. An improved selection of Canadian made gifts, fine fragrances and cosmetics, popular spirits and British Columbian wines, and the very best in international luxury designer clothing and accessories will be available at true duty free savings. YVR currently has 12 duty free stores covering 2,685 square metres of space, with an additional 1,110 square metres being developed as part of the new wing of the International Terminal Building, the first phase of which is scheduled for completion in Spring 2007.
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Paris directly from the West Coast, providing Western Canadians with more choice and flexibility in their travel destinations. With our service to London, Glasgow, Manchester and now Paris, Zoom Airlines is truly Western Canada’s low-cost gateway to Europe.” In the past four years, the number of Canadians visiting France has increased by 33 per cent. According to Statistics Canada, France has been one of the top five countries visited by Canadians for the last three years,
with approximately 500,000 visits every year. Designed for long-haul flights, Zoom Airlines’ wide-bodied 767-300 aircraft offer increased legroom for a more comfortable in-cabin experience. The airline’s full-service flights include meals, snacks and in-flight entertainment. Bookings can be made online at www.flyzoom.com, or by phone at 1866-FLY-ZOOM (359-9666). See related story, page 5
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PRESIDENT’S CORNER By LARRY BERG, President and Chief Executive Officer
Staying Grounded In The Community While Our Business Takes Flight hen you’re in the business of running an airport, it can be easy to forget that it is more than just a place where businesses and people connect to the world. We’re also a proud member of the community. Here at YVR, we’re not just focused on building an outstanding airport—although this is our primary task—we’re also focused on building a strong community. We do this both by playing a vital economic role in stimulating business and bringing opportunities to B.C., and by giving back to the community wherever possible. The Airport Authority provides financial support to numerous charities, and our employees support local communities through charitable campaigns and volunteerism. In past years, Airport Authority employees have supported Bowling for Big Brothers, the Heart and Stroke Foundation’s Dress Red Day and the CKNW Orphans’ Fund through an annual Christmas tree-decorating contest. The premier charity fundraising event for the airport community is YVR Golf for Kids, which brings together individuals and organizations from around the airport and the Richmond community. Since its inception, the event has raised more than $1.3-million for a variety of children’s charities, such as schools, Girl Guides and foundations throughout the Lower Mainland. YVR’s 14th Annual Golf for Kids, held in August at the Mayfair Lakes Golf and Country Club, raised a record $365,000. Within the Airport Authority, our major fundraising
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event is our yearly United Way campaign. In 2004, the United Way campaign had a record year, raising more than $92,000—an eight per cent increase over 2003. The Airport Authority matched employee donations for a total contribution of more than $184,000. Our yearly campaigns are always a success, thanks to the hard work, generosity and community spirit of our employees. We support their efforts in giving back to our community and look forward to matching their donations once again. For the fifth consecutive year, the Airport Authority is contributing to Richmond Sunset Rotary Club’s Winter Wonderland fundraiser and celebration (benefiting local performers and community groups) by donating $5,000 and sponsoring a tree at Richmond City Hall. In addition to charitable donations, the Airport Authority supports the economic health of the local business community and the aviation industry as a whole through sponsorships and donations to industry events, conferences, business associations and corporate fundraisers. The Airport Authority’s corporate support program includes these financial contributions as well as charitable donations. In 2004, the Airport Authority contributed to more than 90 charities or organizations through the corporate support program. Staying grounded in the local community while our business takes flight is important to us. Because although we operate globally, we know our neighbouring communities are at the heart of our success.
Your Airport Community Newspaper NOVEMBER 2005 ISSUE • VOL. 13 • NO. 1 YVR SKYTALK, the official newspaper of the Vancouver International Airport, is owned and published monthly by Westco Marketing Ltd. for the more than 26,000 people who make up the airport community at YVR. No portion of this publication may be reproduced in whole or part without the written permission of the publisher. Publisher:
Patrick Stewart
RICHMOND OFFICE:
Associate Publisher:
Joan Stewart
Suite 306 - 5400 Airport Road South
YVR Editorial Liaisons:
Jody Holgate, Ralph Eastman
Richmond, BC V7B 1B4
Contributing Writers:
Peter Kutney, Artie Chumpol, Kate Forrester
Creative / Production:
James Martin
Photography:
Henry Tenby, Jim Jorgenson
Tel: 604-736-6754 • Fax: 604-736-6750 Email: jstewart@westerndriver.com Printed on Recycled Stock using vegetable based inks Please recycle this product.
www.yvr.ca/authority/news/skytalk.asp
ASSOCIATION OF AIRPORT PUBLICATIONS P.O. Agreement #1676261
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Japan Airlines Seeks Membership In Oneworld Alliance apan Airlines (JAL), the biggest carrier in the Asia-Pacific region, has announced it will seek membership in the Oneworld global airline alliance. The addition of JAL would expand Oneworld’s existing network by around 10 per cent, adding 68 destinations—56 of them in Japan and five in China. JAL currently has extensive bilateral agreements with Oneworld partners American Airlines, British Airways, Cathay Pacific, Iberia, LAN and Qantas. Five of Oneworld’s existing partners operate to and from Japan— American Airlines, British Airways, Cathay Pacific, Finnair and Qantas— carrying some four million passengers last year on a combined schedule of almost 200 round trips a week. “Japan Airlines would be an ideal fit with Oneworld, as we have said often in the past,” said Oneworld managing partner John McCulloch. “It is a high-class carrier, with an excellent reputation for its customer service and manage-
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ment, and an enviable network that complements those of our existing members. “We are very pleased that Japan Airlines has recognized the value that Oneworld membership offers, and we look forward to working with them to complete the agreements, procedures and processes that are necessary before we can issue a formal invitation to join.” American Airlines will be supporting JAL through these tasks, as its prime Oneworld sponsor, assisted by Cathay Pacific. Up to this point, Japan Airlines was the only airline among the 20 biggest international airlines in the world not to have joined or sought membership in one of the three key airline groupings, which include Sky Team and Star Alliance. In 2004, Oneworld’s members achieved a collective profit of some US$1.5-billion net, against combined losses by its two rival alliances of around US$10-billion. Oneworld offers more alliance
A Japan Airlines Boeing 747-400 in flight. The airline is seeking membership in the Oneworld airline alliance. fare and sales products than any of its competitors, earning almost US$600million for its member airlines in 2004, with the seven million passengers transferring between Oneworld
members, generating revenues totaling US$1.6-billion in the year. Since April, Oneworld has been the only alliance to enable customers to transfer between flights by all of its
member airlines using electronic tickets. JAL offers twice-weekly flights from Vancouver to Mexico City, and 10 weekly flights from Vancouver to Tokyo.
Airport Authority’s CEO Named 2005 Best Director Of The Year irport Revenue News (ARN), a U.S.-based monthly trade magazine devoted to coverage of revenue issues that impact the airport industry, has named Vancouver International Airport Authority president and CEO Larry Berg as its 2005 Best Director of the Year in the
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Medium-Small Airports Category. The editorial staff chose Berg for his successes in the areas of leadership, innovation, marketing, customer service and charitable acts. ARN described Berg’s impact on Vancouver International Airport (YVR) as significant. During his
tenure, the airport has been noted for its operating efficiency and cost competitiveness. As a result, it is renowned as being a low-cost, highservice airport conducive to attracting additional air service. With this reputation, YVR has been transformed from a regional Canadian airport into one of the premier global gateways on North America’s West Coast. In addition, Berg has grown nonaeronautical revenues from 26 to 40 per cent. This increase was achieved by developing pre-security retail and service outlets for travellers. Among the many retailers is a 7-Eleven that, to date, continues to be one of the busiest in British Columbia and has been recognized as Most Innovative Concession by Airports Council International-North America (see story, page 11). ARN also noted that despite the challenges of operating a successful airport, Berg and the Airport Authority make charity a priority. The Airport Authority has raised more than $1.6million for various children’s charities (primarily for the Canuck Place Children’s Hospice) and has donated significantly to the United Way, resulting in being consistently awarded the United Way Gold Award. Berg will be featured on the front cover of ARN’s year-end December/January double issue and will receive a special hand-engraved crystal trophy at the publication’s 2006 Airport Revenue Conference on February 19-21, 2006, in Las Vegas, Nevada.
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Zoom Launches Vancouver-Belfast-Cardiff Route n addition to launching a new Vancouver-Calgary-Paris route for 2006, Zoom Airlines has announced a scheduled transatlantic service from Vancouver to Belfast, Northern Ireland to Cardiff, Wales. The new service begins June 12, 2006 and continues every Monday until October 30, 2006. Prices for Zoom Airlines’ full-service flights to Belfast and Cardiff, which include meals, drinks and in-flight entertainment, will start from $299 one way. “Buoyed by the continuing success of our transatlantic program, we are pleased to be adding Belfast and Cardiff to the list of now six gateways we offer from Vancouver to Europe,” said Kris Dolinki, chief executive officer, Zoom Airlines. “We are extremely excited to offer more choice and flexibility to transatlantic
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travel, and we endeavour to continue to offer the lowest scheduled airfares across the Atlantic.” According to Tourism Ireland, more Canadian travellers are choosing to visit the Island, with 16 per cent more trips this year than last. Travellers from British Columbia and Alberta accounted for 30 per cent of the visits to Ireland. “The Canadian market is one of the fastest growing markets to the Island of Ireland,” says Alison Metcalfe, vice president, Tourism Ireland. “We are excited about the introduction of Zoom Airlines’ direct service to Belfast because it bridges the distance for friends and family members.” The new routes will mean that Zoom Airlines is the only Canadian air carrier to provide non-stop service
from Vancouver to Belfast and the only carrier servicing the Vancouver–Cardiff route. “We’re delighted with Zoom’s new service from Vancouver and continued development of the Wales market,” says Eirlys Thomas, head of International Marketing, Wales Tourist Board. “This new flight makes travelling to Wales easier and more affordable than ever before.” Founded in May 2002, Zoom Airlines is nearing the million-passenger mark. Based in Ottawa, the directsale airline operates scheduled transatlantic flights, as well as a scheduled and charter service, to the Caribbean and southern United States. Direct to consumer bookings can be made online at www.flyzoom.com, or by phone at 1-866-FLY-ZOOM (359-9666).
Richmond Landing 54 40 Single Family Homes 1 2
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Frank O’Neill: The Art Of Successful Airport Management ince November 1994, YVR Airport Services (YVRAS), a subsidiary of Vancouver International Airport Authority (YVRAA), has been quietly developing and managing airports across Canada and around the world. In a relatively short period, YVRAS has built a portfolio of airports that has made it not only the
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only successful global operator in North America, but also among the world’s premier global operators. YVRAS’ highly talented team, led by Frank O’Neill, is carrying out this quiet revolution. While Frank was senior vice president and general manager at the Airport Authority, he had the vision to promote the creation
of a subsidiary company to pursue emerging global airport opportunities. As its founder and president, Frank has been instrumental in guiding the company to its present enviable reputation that is based on an excellent track record of winning deals and delivering value. The company started by winning a
YVR PEOPLE
contract in Bermuda, and with a small team and an effective business model has successfully built a global network, winning contracts in Cyprus, Jamaica, Dominican Republic and across Canada in places such as Moncton, New Brunswick, Hamilton, Ontario, and Kamloops, British Columbia. The company now
employs 65 people in Vancouver and around the globe, and its portfolio consists of 22 airports in eight countries, handling 25 million passengers. Currently, YVRAS is finalizing negotiations for two airports in Cyprus and is the preferred bidder in Nassau, Bahamas. If these airports are added to the YVRAS portfolio, another 10 airport professionals will be employed and the company will have an enterprise value approaching $100-million. Frank has always enjoyed the “art of the deal,” which involves the bidding and negotiation for new contracts. He maintains that YVRAS’ success is attributable to “an incredibly dedicated and talented team that is willing to put aside personal convenience for extended travel and long hours in the home office managing our business.” Frank says that the inconvenience of frequent travel is offset by an opportunity to explore other cultures and work with successful international companies. Also, at the end of the day, “our pride and passion for the great accomplishments of YVR is reflected in the strength of our technical submissions and presentations to clients.” Frank is most proud of building a sustainable company that has created value and provided opportunities for professionals in different fields. “Our success has also been the gateway for other industries to supply goods and services to our network of airports. The results have been good for Canada, B.C. and the Airport Authority.” In addition to his role as president, for the past 11 years Frank was founding director and president of the YVR Art Foundation, which helped bring much of the art currently enjoyed by passengers home to YVR. Created to foster and promote SEE O’NEILL, PAGE 15
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New Seven Wonders Named
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TRAVEL TALK
The Pyramids Are Ancient News Readers of “Wanderlust,” a British travel magazine, have relegated the Great Pyramid of Giza, the only one of the Seven Wonders of the Ancient World still standing, to eighth place in an update of the millennia-old list for the 21st century. Overall, 3,569 travellers’ votes were counted in the largest survey of its kind, revealing what today’s travellers view to be the most extraordinary sights on the planet: Machu Picchu, Peru; Angkor, Cambodia; Taj Mahal, India; Petra, Jordan; Grand Canyon, USA; Great Wall of China, China; and Galápagos Islands, Ecuador. The clear voters’ favourite was the lost Inca city of Machu Picchu, Peru, which received 52 per cent more votes than its nearest rival, the vast temple complex of Angkor, Cambodia.
Management Company, CONTINUED FROM PAGE 1 that we have the expertise and resources available to complete our capital program over the long term.” The new company will be governed by a Board of Directors chaired by Bob Cowan, senior vice president, Engineering, Vancouver International Airport Authority. Ray Zibrik, an experienced construction manager and engineer who has managed construction projects at YVR since 1992, including the International Terminal Building, will be president. The primary project the new company will be responsible for delivering is the $420-million expansion to the International Terminal. The project, to be completed in two phases, will add nine new gates. The first phase, scheduled for completion in 2007, will provide four wide-body gates, two of which will be able to accommodate the new Airbus A380, the world’s largest aircraft, along with a narrow-body gate at the existing east wing of the terminal. Phase two will add five new gates.
Machu Picchu (“Old Peak” in the Quechua language) seems to have been utilized by the Inca as a secret ceremonial city. Six hundred metres above the rumbling Urubamba river, the cloud-shrouded ruins have palaces, baths, temples, storage rooms and some 150 houses, all in a remarkable state of preservation.
Although today we think of the Seven Ancient Wonders as a single definitive list, it wasn’t until the sixth-century BC that consensus settled on the seven we know today: the Great Pyramid at Giza; the Hanging Gardens of Babylon; the Temple of Artemis at Ephesus; the Mausoleum at Halicarnassus; the Statue of Zeus at Olympia; the Colossus of Rhodes; and the Lighthouse at Alexandria. While most Greek writers agreed upon the first six, the seventh spot was contested. Favourites were the walls of the city of Babylon and the Palace of Cyrus before opinion settled on the Lighthouse at Alexandria. Even in ancient times, it was impossible to visit all Seven Ancient Wonders: the Temple of Artemis at Ephesus burnt to the ground in 356 BC, 66 years before work on the Lighthouse at Alexandria started. Air Canada, Alaska Airlines, Continental Airlines and Cathay Pacific Airways all fly to Peru from YVR.
The Flying Beaver Bar & Grill
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Call Scott @ 604-273-0278 for party booking and information. 4760 Inglis Drive, Airport South Richmond BC
R E S T A U R A N T ESTABLISHED ESTABLISHED 1981
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Reservations Welcome 8331 River Road • 604-273-7014 www.boathouserestaurants.ca
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Hallowe’en At YVR I t was ghouls, goblins and pumpkins on display at YVR last month, as airport employees celebrated Hallowe’en by participating in the Airport Authority’s annual costume and pumpkin-carving contests. Airport employees vying for best costume paraded around The Spirit of Haida Gwaii: The Jade Canoe statue to the beat of Hallowe’en music, and
spooky jack-o-lanterns carved by employees stood on display for judging. Prizes of YVR Bucks—redeemable at more than 140 YVR shops, services and restaurants—and pairs of Vancouver Canucks hockey tickets were awarded to first-, second- and third-place winners in the costume and pumpkin-carving contests.
Costumed participants captured the spirit of Hallowe’en at the sixth annual airport celebration. Pumpkin-Carving Contest Winners
Costume Contest Winners
1st Place, Lani MacCormack and Cathy Keller; “Hwy 99 (North/South).” Pumpkin burger anyone?
1st Place, Nathaniel Dart; “Planet of the Apes.”
2nd Place, Tannis Patch; “Carry-On Luggage.”
2nd Place, Fairmont Vancouver Airport; “Jail Time.”
(space is limited min. group size of 12)
3rd Place, Fairmont Vancouver Airport; “Simpsons.”
3rd Place, Simon Tse, Mark Bautista, Jen Charters, Angeline Folloso, Patrick Lee, Marilyn Spacey, Jocelyn Chang, Lisa Hu, Tim Salhany; “Cats and Mice.”
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Million Air Vancouver Celebrates One-Year Anniversary
Todd Matheson, marketing manager, Million Air Vancouver. ast year, an extremely visible signage change occurred on the south side of YVR. Two large, green “Million Air” signs were erected on the Vancouver Jet Centre Building on Airport Road South. Million Air Interlink, the world’s second largest fixed-base operation (FBO) chain, acquired the FBO division of Penta Aviation. Now known as Million Air Vancouver, the acquisition brought the total number of FBOs housed under the Million Air chain in North America and the Caribbean to 30. An FBO is essentially a refuelling facility for aircraft that offers a vari-
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ety of aviation-related services. Over the past five years, the rapid expansion in the private aviation fleet and the limited airport space available for new FBOs has led to the purchase of many of North America’s leading FBOs by larger companies seeking growth in the private aviation market. Ron Forbes serves as general manager for Million Air Vancouver. “We are very pleased to have become Million Air’s 30th location,” said Forbes. “Being a part of this wellestablished network enables us to give our customers many advantages that we could not have offered as an independent FBO.” Million Air Vancouver’s marketing manager Todd Matheson, who started his aviation career as a pilot with Burrard Air, says his job is made easier because Vancouver is a beautiful city that is served by an airport with a reputation as a first-class facility. “At a recent convention, two groups of people in the business aviation industry recounted their visits to Vancouver and the remarkable first impression they had of YVR.” Million Air Vancouver’s facilities, which include office space, can accommodate all types of personal and business aircraft as well as any type of helicopter, both civilian and military. The 26,000-square-metre
Million Air hangar facility at YVR is able to accommodate the Gulfstream GV and Bombardier’s BD-700 Global Express, some of today’s ultra long-range business aircraft; its ramp facility can easily accommodate aircraft up to the size of the long-range Boeing 707 Business Jet. Part of Million Air’s facility houses a paint and interior completion centre that accommodates fixed-wing aircraft, ranging from Cessna 152s to Canadair Challengers. With specially designed floor ducts that trap stripping chemicals and channel them into holding tanks for controlled disposal, Million Air’s paint facility exceeds all current environmental regulations. Million Air Vancouver also works closely with Penta Aviation’s maintenance department, also located at
The Million Air Vancouver facility at Airport Road South is one of 30 Million Air FBOs worldwide. YVR, which can handle most aircraft maintenance requirements. Penta has achieved Platinum status from Raytheon Hawker, the highest level of audit compliance with authorized service centre standards for tooling, spares, technical library, training and facilities based on an annual review by Raytheon Aircraft. Million Air seeks to continue the tradition of service and amenities that began with the great ‘flying boats’
that spanned the Pacific circa-1930, providing a spacious passenger lounge, courtesy cars, private pilots’ lounge, a conference room, wireless Internet and gourmet catering. Open 24 hours a day, seven days a week, the staff at Million Air Vancouver share a commitment to quality and value, offering a wide array of aviation services created to make private aviation travel a truly memorable experience.
Nanaimo Airport
The Gateway to Vancouver Island
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ocated centrally on scenic Vancouver Island, the Nanaimo Airport is a thriving and modern air transportation gateway that offers an extensive range of amenities to the travelling public and aviation industry. ■We have office space and counter space for airlines ■We’re a designated Canadian port of entry so you can do direct stateside business ■We have airside and groundside land available ■We’re a not-for-profit entity, ready to work with you and your aspirations to achieve mutual success.
Contact
David Hunter, General Manager Tel:(250) 245-4191 Fax:(250) 245-4308 E-mail:ycd@island.net Nanaimo Airport Commission PO Box 149, Cassidy, B.C. V0R 1H0 www.nanaimo-airport.com
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Join us in Globe@YVR for our traditional Festive Lunch Buffet DECEMBER 5 – 23 $35.00 per person plus Taxes and Gratuities YVR colleagues will receive a 20% discount* on our sumptuous buffet when reservations are booked 24 hrs in advance. Featured festive dishes include: Maple Infused Roasted Turkey, a Roast of the Day carved by our attending Chef and Traditional Christmas Desserts To book your Festive Luncheon call 604-248-3281
24-hr. Advance Reservations Required. Discount is applicable to groups under 12. For larger groups, please contact our Sales Services department to book a private function room.
CUSTOMS Customs Brokers & Consultants BROKERS
Summit Customs Brokers “ AV I AT I O N
SPECIALISTS”
HEAD OFFICE / AIRPORT Airport Office: Tel: (604) 278-3551 FAX (604) 278-3291 B.C. Cont. U.S.A. Toll-Free 1-800-663-4080 www.summitcustomsbrokers.com
Pacific Hwy. (Border) Tel: (604) 538-8414 FAX (604) 538-8148 Offices in Dawson Creek, Kelowna, Osoyoos, Penticton, Prince George, B.C. Whitehorse, Yukon, Vernon
Harbour Air’s ‘Flying Otters’ Serve Vancouver-Victoria Route arbour Air’s new VancouverVictoria route is serviced by its fleet of nine DHC-3 Turbine Single Otters. The DHC Otter is another in DeHavilland Canada’s successful line of rugged and useful Short Take-Off and Landing (STOL) utility transports. It was designed to be capable of performing the same roles as the earlier and highly successful DeHavilland Beaver, only bigger. The Otter began life as the King Beaver, but compared to the Beaver, is longer, has a greater wing span and is much heavier. Like the Beaver, the Otter can be fitted with skis and floats. The amphibious floatplane Otter features a unique four-unit retractable undercarriage, with the wheels retracting into the floats. DeHavilland Canada began design work on the DHC-3 Otter in January
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vancouver
Now you can fly from Richmond to Downtown Victoria—three new flights a day. Business and personal travel made easy—count on Harbour Air to deliver. Book, Board and Fly… It’s that simple!
a lower empty weight of 1,692 kilograms, and a higher maximum speed of 267 kilometres per hour.
SPECIFICATIONS: DeHavilland DHC-3 Turbine Single Otter Length: . . . . . . . . . . . . . . . . . . . . . . . . .13.78 metres Height: . . . . . . . . . . . . . . . . . . . . . . . . .3.76 metres Wingspan: . . . . . . . . . . . . . . . . . . . . . .17.44 metres Speed: . . . . . . . . . . . . . . . . . . . . . . . . .215 kilometres Maximum Operating Altitude: . . . . . . .3,000 metres Number in Harbour Air Fleet: . . . . . . . .9 Capacity: . . . . . . . . . . . . . . . . . . . . . . .14 passengers
Harmony Airways Adds More Hawaiian Flights his winter, Vancouver-based Harmony Airways will offer 14 flights each week between western Canada and Hawaii, making Harmony the country’s most frequent carrier to the Hawaiian Islands. In addition to the increased number of flights, all of the airline’s Vancouver-Hawaii flights will arrive in the Islands before noon, allowing vacationers plenty of time to hit the beach on the day of their arrival. “Frankly, I think our customers would rather spend the first day of their Hawaiian vacation at the beach and not in the air,” said Gary Collins,
T Post-security, International Departures near Gate D70. Call (604) 241-3142
1951, with the company’s efforts culminating in the aircraft’s first flight on December 12, 1951. Canadian certification was awarded in November 1952. Small numbers of Otters were converted to turbine power by Cox Air Services of Alberta. Changes included a Pratt & Whitney Canada PT6A turboprop,
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ONE WAY PLUS GST (FUEL CHARGE MAY APPLY)
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Harmony Airways’ CEO. “So, we’ve deliberately made our flight times more convenient. This means that our customers get the best possible arrival and departure times with no ‘red-eye’ flights in either direction.” Harmony Airways flights also include the airline’s unique “harmonyone” business class service, which features gourmet meals by Chef Bruno Marti and a personalized in-flight entertainment system. In addition to Honolulu and Maui, Harmony Airways flies regular scheduled service to Las Vegas, Palm Springs and Toronto.
richmond
gulf
islands
DOUBLE HIGH FLYER POINTS 20% OFF AT THE FLYING BEAVER BAR AND GRILL FREE PARKING AT RICHMOND BASE EXTRA BAGGAGE ALLOWED
Harmony Airways’s new executive office at Lysander Avenue. The airline occupies the top two floors. Hotels, car rentals, and package vacations are offered through Harmony Vacations, a brand within Harmony Airways’ Companion Holidays tour wholesale division.
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YVR Lands Award for North America’s Best Retail/Specialty Program A irports Council InternationalNorth America (ACI-NA) has recognized YVR in its annual Airport Concessions Contest, giving it top honours in the Best Retail/Specialty Program category. YVR won for its U.S. Departures Concourse retail program, a themed area that offers U.S.bound travellers the most comprehensive retail experience of any airport in Canada. “The Airport Authority is proud to offer its customers a level of service that consistently ranks as one of the best in the world,” said David Huffer, vice president, Commercial Development, Vancouver International Airport Authority. “This award highlights our commitment to leading the way in offering travellers innovative products and services in a unique and characteristically West Coast environment.” Designed with one of Vancouver’s oldest residential neighbourhoods, Shaughnessy, as its inspiration, store-
fronts in the U.S. Departures concourse reflect the estate-like character of the neighbourhood’s heritage buildings. More importantly, the Departures area offers passengers unprecedented choice in “destination” merchandise from stores like National Geographic, which showcases gifts of adventure; Kids Works, featuring toys and games for young ones; Discover Vancouver, stocked with products developed by local galleries and museums; BC Sports Zone and Northern Reflections. The $15 Boutique offers budget-conscious travellers a vast array of accessories and gifts, all at one set price. Recently added are Roots, Christmas in Vancouver, Vancouver Kitchen and Crabtree & Evelyn stores. YVR was the first airport in Canada to significantly expand retail offerings to U.S.-bound passengers post-security. Following years of discussions between the Airport Authority and Canadian and U.S.
Customs agencies, an agreement was reached to increase the value of products that could be sold to U.S.-bound passengers in the post-security area. The agreement paved the way for YVR’s U.S. Departures concourse retail expansion, which began in 2003 and now consists of more than 1,300square metres of retail and concession outlets. YVR customers have expressed their satisfaction with the expanded retail program, giving the Airport Authority’s U.S. Departures area increased ratings consistently since the project began in 2003. In addition to enhancing customers’ experiences at YVR, the program has brought increased concessions revenues and sales-per-square-foot amongst the highest in the industry. This has allowed the Airport Authority to remain a leader in providing a lowcost, high-service airport utilizing revenue streams other than airline and passenger fees.
5400 Airport Road South Base Rates: $8.00 per sq. ft. per annum ■ Well-appointed office space at budget prices ■ Strategically situated airside at YVR’s south side ■ Available to suit your requirements: • Offices from 300 to 1,800 sq. ft. • Shops and storage from 500 to 10,000 sq. ft.
Contact: Wayne Duzita: wayne@iat-yvr.com Tel: 604.273.4611; Fax: 604.273.5624 Suite 2000 – 5000 Miller Road, Richmond VANCOUVER•CALGARY•EDMONTON•SASKATOON•WINNIPEG•LAS VEGAS•RENO
ACI-NA’s Airport Concessions Contest began in 1998 and this year received more than 50 entries from airports of all sizes throughout the
U.S. and Canada. Entries were divided into three categories based on size; YVR was a winner in the Medium Airports Category.
It’s Hockey Nite in The Castle! GREAT PRIZES & GIVE-AWAYS Catch All Your Favourite Canucks Games On Pay Per View in The Castle!
■ Thursday Nite Blues 6-10pm ■ 18 Beers On Tap ■ The Best Patio In Richmond Open All Year ’round ■ 2nd Floor Sandbar soft lounge seating, pool tables, games, etc..
OVERLOOKING THE MARINA AT THE DELTA VANCOUVER AIRPORT HOTEL 3500 CESSNA DRIVE, RICHMOND
604-276-1962
Complimentary Parking
Kitchen opens till midnight daily with full Menu.
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Managing Noise With Noise? an one noise actually cancel out another? The Airport Authority and the University of British Columbia (UBC) are looking at this possibility to help manage aircraft noise at YVR. Eliminating noise by producing an opposite sound (equal in amplitude but opposite in phase) is known as Active Noise Control (ANC). This technology is already used successfully in enclosed spaces such as heating ducts and aircraft cabins. For example, pilots of propeller-driven aircraft use ANC-equipped headphones to reduce low-frequency background noise and allow them to
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hear conversations and warning signals in noisy cockpits. The outdoor environment, however, presents several challenges for ANC technology. From temperature and weather fluctuations to uncontrolled background noise, using ANC successfully outdoors is extremely difficult. Since 1997, the Airport Authority’s Environment Department has been working with UBC and airlines to investigate whether ANC can be used to mitigate noise from ground-based engine run-ups. Engine run-ups are tests performed on aircraft engines and systems after main-
2006 Models Have Arrived! Also, More Than 100 Used Vehicles In Stock! Grant McDaniel (former YVR Air Canada employee)
Sales and Leasing of New and Used Vehicles
Cell: 604-868-5875
Christian Chia President OpenRoad Auto Group
tenance to ensure they are functioning safely. Recent field tests at the airport have focused on quantifying the noise characteristics of aircraft performing run-ups. Noise measurements have been done on two propeller aircrafts, donated by Central Mountain Air and Air Canada Jazz, along with a larger Air Canada Jazz Regional Jet. ANC research has focused on propeller aircraft because their run-up noise signature is simple in tone, making it easier to find a counter tone to balance the noise. Research is still ongoing, and work to date has resulted in computer simulation models and comprehensive reports and laboratory experiments, which continue to add valuable information to the possible application of ANC technology. Despite these gains, there are still significant hurdles to overcome before a working system can be realized. Managing airport noise to balance the community’s desire for safe, convenient, 24-hour air travel with enjoyable urban living is the Airport Authority’s commitment to its neighbouring communities. For further information on ANC research, please contact the Airport Authority’s Environment Department at noise@yvr.ca
Aero Inn
at Million Air next to Helijet SUSHI • SASHIMI • TEMPURA • TERIYAKI BURGERS • SANDWICHES
TAKE OUT OR EAT IN AIRPORT SPECIALS Sushi Catering & Party Trays are available in Sushi Café. FREE Delivery. BREAKFAST Breakfast Wrap (sausage and hasbrowns and eggs) . . . . . . . . . . . . . . . . . . . . . . . . .$3.95 LUNCH & DINNER 1. Turkey Breast Sandwich (with Fries or Salad or Soup) . . . . . . . . . . . . . . . . . . . . .$4.95 2. Bacon Cheeseburger (with Fries or Salad or Soup) . . . . . . . . . . . . . . . . . . . . . . .$4.95 3. 20 pieces Sushi Combo D (Salmon,Tuna & California Roll) . . . . . . . . . . . . . . . . .$4.95 4. Baby Lobster Teriyaki & Tempura with Rice . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .$4.95 7 Days a Week Breakfast • Lunch Dinner
Fast Service Line: (604) 761-2362 D-5455 Airport Rd South (at Million Air next to Helijet) Open 7 Days a Week & Holidays: Mon-Sat 6am-9pm Sun 9am-9pm
*Call Mike for details on in-flight catering and company party (sushi & sandwiches) trays
Access Control office staff welcome you to their new office space located on Level 1 of the Domestic Terminal Building.
Access Control Office On The Move he Access Control Office has traded up…or down, depending on your perspective. As part of its $1.4-billion capital program, the Airport Authority is constructing the five-storey Link Building in the area linking the Domestic and International Terminals, and, as a result, all of the existing offices and services must be relocated. The move comes at an opportune time for Access Control. After 20 years on Level 4, they’ve outgrown the space and can no longer effectively serve the more than 350 employees per week that utilize their services. On the weekend of November 5-6, Access Control moved to a larger, more customer-friendly space on Level 1 of the Domestic Terminal, between the Medical Clinic and the
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elevators. The new office was under construction for four months and is 193 square metres, more than twice the size of the previous space. Visitors to the new office now have a waiting area, and the new space is large enough to house comfortably the seven Access Control Office employees, with room for equipment expansion in the future. The location and size of the new office benefits customers and Access Control Office staff, as it is centrally located near the Level 1 retail area and easier to access than its previous address. The office reopened on Monday, November 7 and the hours of operation remain the same: 7 a.m. – 4 p.m. Monday to Friday and 8 a.m. – 1 p.m. on weekends.
AMB Property Invests $3-Million In IAT Air Cargo Facilities Income Fund MB Property Corporation, one of the largest private owners and managers of on-tarmac and airport-adjacent distribution properties at the world’s busiest cargo airports, will invest approximately $3-million to acquire an estimated five per cent interest in IAT Air Cargo Facilities Income Fund, a Canadian income trust that specializes in development, ownership, construction, management and marketing of aviation-related facilities. International Aviation Terminals Inc. (IAT), a wholly owned subsidiary of the Fund, currently owns and manages approximately 116-thousand square metre of offices, cargo warehouse space, flight kitchens, hangars, maintenance facilities and ramp space at five of Canada’s leading international airports. Approximately 68 per cent of the Fund’s holdings are located at Vancouver International Airport, Canada’s second largest airport. IAT Management Inc., the company that provides property management and leasing services for the
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Fund’s properties as well as administrative services to the Fund, has been acquired by AMB from a company controlled by T. Richard Turner, who has resigned as a director and as president and CEO of IAT. Michael A. Coke, the chief financial officer of AMB, has been appointed as president and CEO of IAT. “The IAT portfolio provides an excellent platform of on-tarmac and near-airport facilities at a number of Canada’s major airports, and will be an important service offering to AMB’s customers,” said Coke. “We intend to work with the Fund to grow its investments in Canada, with a focus on the acquisition and development of airport facilities and expansion into key distribution markets.” IAT Management Inc.’s property management, leasing and marketing, and administration agreements have each been amended and have an initial 10-year term expiring in September 2015, with an automatic renewal for a second 10-year term.
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False Statements Result In Fines And Seizure Of Goods Cathay Pacific Opens Ticket Office At YVR Vancouver resident has been fined in Richmond Provincial Court for hindering an officer of the Canada Border Services Agency (CBSA) in the performance of duty, and for making false statements regarding the importation of jewellery. Upon returning to Vancouver from a trip to Taipei, the resident was questioned by a Customs officer at YVR about a diamond ring and earrings that she was wearing. The resident
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said both had been purchased in Hong Kong two years previously and duty and taxes had been paid when they had been imported at that time. However, when the resident arrived at the next CBSA examination area for further questioning, the jewellery was no longer with her and she denied knowledge it. She later admitted that she had passed the jewellery to another passenger.
Additional Passenger Information Required For Travel To U.S. tarting immediately, U.S. Customs and Border Protection, Department of Homeland Security requires airlines to collect additional Advance Passenger Information from customers travelling to, from, and via the United States. Under the former Advanced Passenger Information System (APIS) program, passengers checking in for flights to or from U.S. destinations, or with an itinerary that included a U.S. destination, were required to provide their full name, gender, date of birth, citizenship and passport number in advance. Airlines are now required to collect the following additional information upon check-in: passport country of issuance and expiry date (if passport required); travel docu-
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ment type; country of residence; address for the first night in the U.S. for passengers travelling to the U.S. (non U.S. citizens or legal permanent residents); and alien registration number, where applicable. All currently acceptable valid travel documents for entry into the U.S. are still acceptable. A valid passport remains the preferred document for all travel outside Canada. Initial APIS requirements came into effect in January 2002 in accordance with the United States Aviation and Transportation Security Act, with amendments to the Canadian Aeronautics Act enabling Canadian carriers to provide basic passenger information to foreign governments where such information is required by law.
Lest We Forget
The jewellery, valued at more than $15,000, was later returned to the CBSA, where it was immediately seized. At the Richmond Provincial Court hearing, a total fine of $4,487 was imposed for the offences—$1,000 for hindering the officer and $3,487 for making false statements. In addition to the fines, the offender will also have to pay the CBSA a penalty of $7,200 before the ring and earrings will be returned.
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November to March (winter flight schedule)—9: a.m. – 3 p.m.; and 10 p.m. – 1:30 a.m. For information on Cathay’s flight schedules, bookings and ticketing, call 1-800-268-6868, or visit the airline’s website at www.cathay.ca. Cathay offers two daily non-stop flights from Vancouver to Hong Kong, daily non-stop service from Vancouver to New York, and thriceweekly freighter service from Vancouver and Hong Kong.
Planning is Key
Whether you are doing a flight plan, a maintenance plan, or a service plan, you know the importance of planning. So call an investment professional to review your mutual fund investment portfolio. We can show you how mutual funds can help you reach your goals for retirement planning, estate planning, and education planning. Call Peter Kutney today at 604-438-1603. Sponsored in part by:
Mutual Fund Dealer Insurance service provider
Read a fund’s prospectus and consult your investment professional before investing. Mutual funds are not guaranteed; their values change frequently, and past performance may not be repeated. Investors will pay management fees and expenses, may pay commissions or trailing commissions and may experience a gain or loss.
Special Offer from Bell for YVR Employees
$22.30 for 200 minutes* • • • • • • •
The Airport Chapel will host the annual Remembrance Day Service on Friday, November 11 at 10:50 a.m. The commemoration will coincide with a moment of silence to be observed throughout the airport at 11 a.m. For more information, contact the Airport Chaplaincy at (604) 303-3012, or visit www.yvrchaplain.com.
ast month, Cathay Pacific’s Vancouver Ticketing Office relocated from 550 West 6th Avenue, Vancouver, to YVR. The new office is located in International Departures, Level 3 (across from the Cathay Pacific check-in counters). With the move, Cathay Pacific has added the convenience of extended operating hours. New ticketing office hours are: April to October (summer flight schedule)—10 a.m. - 4 p.m.; and 11 p.m. - 2:30 a.m.
100 local and 100 bonus Anytime minutes Unlimited Evenings (8pm – 7am) and Weekends FREE Message Centre and Call Display FREE Call Waiting, Call Forwarding, Conference Calling, and Detailed Billing FREE Car Charger, Headset, and Case $35 Activation Fee - Waived 6 Months Unlimited Local Calls (ask for details)
Start your Evening calling at 6pm for only $5 per month.
Only available at: Bell – Blundell Centre 8180 No. 2 Road, Richmond Tel: 604 204-2363 * Offer expires November 30, 2005. Certain conditions apply.
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FOR SALE
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CLASSIFIED 49,000 READERS EVERY MONTH • $17.50 per col inch • EMPLOYMENT OPPORTUNITIES
Tel: 604 736-6754 • Fax: 604 736-6750 • E-mail: jstewart@westerndriver.com
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SAGE WEST STUDIO offers a complete FACIAL PROCEDURE addressing the effects of aging.
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POSITIONS AVAILABLE Servisair GlobeGround has Permanent P/T BAGGAGE HANDLER positions available. Wage $9.10/hr. Medical & Flight Benefits. Must hold valid Class 5 or 7N BC Drivers Licence. Please fax or e-mail résumé to 604-303-4574 Attn. Ramp yvrhr@globeground_na.com
No phone calls please
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Chestnut Tree TREATS THE AGING PROCESS
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Bed & Breakfast Comfortable accommodation, with special discounts for air-
Submit your FREE personal ads for automobiles, real estate, personal items for sale and much more. Maximum six lines free, personal ads. Ads will stay for one month. Deadline 30th of the month preceding. Business ads or those with photos are charged at $17.50 per column inch. Email your ad to: jstewart@westerndriver.com
For sale by owner, 1-Bedroom Condo, ground floor, 704 sq. ft., washer/dryer, fireplace, dishwasher, gym with hot tub and sauna, small pets OK. Located near park. Available now. $178,500 (604) 943-3666 www.Aviation_Art@hotmail.com
line personnel. Five minutes from airport, in Richmond.
Visit with an experienced aesthetician utilizing the most advanced equipment. Technology that reaches all 3 physiological levels in facial muscular toning and skin rejuvenation. Cost-effective. No down time. Relaxing and above all see results! Waterfront at Steveston Village. Make an appointment today by contacting 604.720.4164
Free pick-up to and from airport. Phone Penny or Ross (604) 273-1198 E-mail: chestnuttree@shaw.ca Web site: www.bbcanada.com/2011.html
COMPUTER SERVICES
We Specialize in: Located at the corner of No. 1 Road & Steveston Hwy. #130-3900 Steveston Hwy., Richmond, BC Phone: (604) 241-4000 Email: tu@totalpackage.ca • Shop Online: totalpackage.ca
TRAVEL SERVICES
Airline Employees, Family & Friends... get the best travel deals at
www.interliningplus.com 604-606-1700 TOLL FREE: 1-800-665-3100
EMPLOYMENT OPPORTUNITIES Warehouse Personnel
Aeroground, a leading-edge air cargo handling company located at Vancouver Airport, is looking for dependable, Full Time and Part Time Warehouse Personnel to join our growing team. Qualified candidates must have valid Provincial Drivers License with positive driving record, experience in cargo/freight handling, familiarity with general warehouse operations, or willingness to learn. Starting pay is $9.50 per hour. If qualified, please email your résumé to ebennett@aeroground.com. You may also mail your résumé or apply at: Aeroground, 3611 Jericho Rd., Richmond BC. Canada V7B 1M3. We offer competitive wage, benefits and positive work environment. We are interested in people who are looking for a career and not just a job.
REPAIRS, UPGRADES, NETWORKING & CONSULTING.
HEALTH & BEAUTY
For cleaner skin and healthier life… Hot Spring Day Spa
RELAXING BODY MASSAGE SPECIAL Waxing from $5.00 and up 35 Minutes - $25.00 Deep pore cleaning facial - $29.95/60 mins. 45 Minutes - $35.00 Relaxing Facial - $29.00/60 mins. 60 Minutes - $50.00 (Gift Certificates Available) (you’ll enjoy it!) Non-sexual
Tel. 604.261.4878 Open 7 days a week: 10 AM – 8 PM 8554 Granville St. – 2 min from airport Between W. 69th & 70th Ave. Park in front or at the back
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Investment Ideas For Cautious Investors fter being badly burned in the 2001 to 2002 bear market, investors are avoiding riskier global and sector funds in favour of less volatile investments. Investment figures published in 2003 and 2004 show large inflows into “safe” investments such as balanced funds, bond funds and principle protected notes. This trend has been encouraged by a Canadian investment industry that has been pushing principle protected notes and guaranteed investment funds, leading a prominent Canadian newspaper columnist to suggest that Canadians are turning into a group of “investment chickens.” His point being that there is always a correlation between risk and return, and by being too cautious one’s investment can suffer a shortfall at retirement. After all, with inflation at around three per cent, an investor needs at least a five per cent rate of return to break even after inflation and taxes. While investment-risk can be defined in many ways, the investment funds industry often uses “volatility” to measure risk. Terms such as “Beta” and “Standard Deviation” are used to denote various kinds of volatility. The conventional wisdom being that a fund that has huge fluctuations is more risky than a similar fund that does not—even if both funds rise over time. Personally, I think a less eloquent but better definition of risk is: “The chance you could lose all your money.” With that in mind, following are some ideas for investors who want to beat inflation and taxes, but also wish to feel secure about their capital. Diversify, Diversify, Diversify Allocate your funds to numerous asset classes such as real estate, cash, bonds, equity and even less wellknown areas such as absolute return funds and hedge funds. Diversify further through your choice of invest-
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ment fund. For example, a good value fund is generally much less volatile than a growth fund. Particularly consider the Cundill and Sentinel funds from Mackenzie, and most of the balanced and income funds from Aim Trimark. Use Dollar-Cost Averaging By investing a fixed sum each month, you can significantly reduce the risk of buying near a market “top.” When the market is low, you will purchase more units or shares of your investment. Conversely, when the market is higher, you will automatically buy less units or shares that month. Even if you have a lump sum to invest, initially you can put most of it in a money market fund and then transfer a small portion out each month to equity investments. Use Guaranteed Investment Funds These funds are offered by the insurance industry and generally carry a 75 per cent to 100 per cent guarantee on the principal. The timeframe for the guarantee is usually 10 years, without a 10-year lock-in restriction. These funds also protect a spouse as they have a 75 per cent to 100 per cent guarantee on your principal at death. They also provide excellent estate-planning benefits for a named beneficiary as they bypass probate and can’t be seized by someone challenging your will. Consider the guaranteed investment funds from Industrial Alliance Pacific (IAP), of which most (but not all) carry a 100 per cent guarantee. Use Principal Protected Notes Fund companies and banks offer these, generally for a term of five to eight years. Your capital is 100 per cent guaranteed and the returns are linked to a group of stock funds or a stock market index. In exchange for the guarantee, the guarantor keeps part of the stock market gains—sometimes a significant part. However, the
Airport Chapel
Thrift Store Support the work of the Vancouver Airport Chaplaincy with your purchase at the Lost & Found Thrift Store, or donation of good, used items. Open Fridays, noon to 5pm Call Chaplain Layne Daggett
(604) 303-3010
AIRSIDE CENTRE, Unit 314, 5400 Airport Road South, Richmond, BC
www.yvrchaplain.com
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MONEY MATTERS By Peter Kutney
100 per cent principal guarantee is very attractive. The challenge with principal protected notes is the complexity of these products—the fine print can be overwhelming.
Peter Kutney is a financial planner with Partners in Planning and Equinox Financial Group in Vancouver. He can be reached at (604) 438-1603 or pkutney@telus.net
YVR’s Pacific Passage provides passengers arriving from the United States with a unique sense of place. Soaring above is Hetux, Thunderbird, Keeper of the Sky, an imposing sculpture by Connie Watts, whose family heritage includes the Nuu-cha-nulth, Kwakwaka’wakw and Gitxsan First Nations.
O’Neill,
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Northwest Coast Native art, the foundation recommends art to the Airport Authority and then maintains it, helping make YVR one of the most beautiful airports in the world. The foundation also recently launched an art scholarship awards program, which provides Aboriginal youth with formal training in the arts. Frank enjoys working with artists and being able to create the sense of place for which YVR is so well known. He has read widely on Northwest Coast art and was honoured by Haida artist Bill Reid through adoption into the Raven and Wolf clan of Tanu and bestowal of the name “Man of Far Vision.”
After leading the foundation for more than a decade, Frank recently decided to step down and pass on the torch. And while he may be moving on, the airport will continue to bear Frank’s mark. Under his tenure, YVR has acquired one of the world’s preeminent collections of Northwest Coast Native art. From Bill Reid’s iconic The Spirit of Haida Gwaii: The Jade Canoe, to Connie Watt’s majestic Thunderbird in Pacific Passage, a themed area in the International Terminal Building, YVR’s art collection celebrates B.C.’s unique culture and in so doing, creates a distinctive sense of place.
TRAVEL JOB TRAINING Flight Attendant – Introductory Program Airport Check-In Agent Program Travel & Airline Program
LOCATIONS: Douglas College, Surrey Campus, Ph: 604-588-7772 Burnaby Central High, Ph: 604-664-8888 McNeil Secondary School, Richmond, Ph: 604-668-6123 VTI – in partnership with the Vancouver School Board, Ph: 604-713-4500 www.vti.vsb.bc.ca