This material may not be published, broadcast, rewritten or redistributed. MONTREAL, Sept. 23, 2013 — /PRNewswire/ – Air Canada today announced that it will undertake a Request for Proposal (RFP) process to select a new regional airline to operate certain existing U.S. regional transborder routes, starting in mid-2014. Select Canadian and U.S. regional carriers will be invited to participate in the RFP process and submit their respective pricing and other terms and conditions of carriage. “The launch of a request for proposals is an important next step in our regional airline diversification strategy and ongoing cost transformation program,” said Kevin Howlett, Senior Vice President, Regional Markets. “Over the past two years, Air Canada has made significant changes to its strategy and relationship with its regional partners, now all operating under the Air Canada Express banner. Most recently, we transferred the operation of our Embraer 175 aircraft to a regional carrier whose cost structure is more in line with the U.S. regional carriers, and as low cost operators continue to grow in the rapidly evolving North American regional markets, it is critical for Air Canada to take the necessary steps to ensure its cost structure in these markets is also competitive.” Air Canada currently has capacity purchase agreements with four regional airline partners: Jazz, Sky Regional, Air Georgian and EVAS. Air Canada is Canada’s largest domestic and international airline serving more than 175 destinations on five continents. Canada’s flag carrier is among the 20 largest airlines in the world and in 2012 served close to 35 million customers. Air Canada provides scheduled passenger service directly to60 Canadian cities, 49 destinations in the United States and67 cities in Europe, the Middle East, Asia, Australia, the Caribbean, Mexico and South America. Air Canada is a founding member of Star Alliance, the world’s most comprehensive air transportation network serving 1,328 destinations in195 countries. Air Canada is the only international network carrier in North America to receive a Four-Star ranking according to independent U.K. research firm Skytrax that ranked Air Canada in a worldwide survey of more than 18 million airline passengers as Best Airline in North America in 2013 for the fourth consecutive year. For more information, please visit: www.aircanada.com . Caution Regarding Forward-Looking Information Air Canada’s public communications may include forward-looking statements within the meaning of applicable securities laws.
But the company failed to evolve its handset range when Apple launched its iPhone and full-screen touchphones began attracting consumers. Its BlackBerry 10 operating system, released earlier this year after more than a year of delays, was an attempt to turn things around, but many analysts saw it as coming too late. Consumers apparently feel the same way. On Friday, BlackBerry said it would take almost $1 billion in charges on unsold Z10 handsets . The Z10 was the launch flagship of the new BlackBerry 10 operating system. BlackBerry has also dropped behind Microsofts Windows Phone to become number four in the smartphone market, according to the latest estimate from IDC. Googles Android accounts for around 80 percent of the market, Apples iOS comes in second with 13 percent, Windows Phone at third with 4 percent and BlackBerry at 3 percent. Observations BlackBerrys best bet would be to focus on secure communications for government and enterprise, with branded devices as part of its portfolio, said analyst Roger Kay of Endpoint Technologies Associates. But as a financial company, Fairfax probably would be open to a breakup if that offered the best return, he said. Fairfaxs likely intent is to turn the company around for sale to a strategic partner, Kay said. That might take the form of an enterprise IT giant such as Oracle or Hewlett-Packard, which could make BlackBerry part of a larger security and mobile play. BlackBerry Z10 If Fairfax plans to keep the company together, it should say so, said analyst Avi Greengart of Current Analysis.
Will Canada, Russia miss out on 2014 FIBA World Cup?
Shona Thorburn added 18 points, while Justine Colley finished with 16. Gaucher (formerly Kim Smith) also had a team-high six rebounds and three steals. The Canadians, who cruised by Jamaica 75-37 in their opener on Sunday, are tied with Cuba atop Group A. They had their way with Chile on Tuesday, racing out to a 28-10 lead after one quarter and taking a 49-19 advantage into the dressing room at halftime. Canada led 66-41 with a quarter left to play. Chile, with previous losses to Venezuela and Cuba, dropped to 0-3 on the tournament. The Canadians face Venezuela on Tuesday, and then wrap up round-robin play versus Cuba on Wednesday. Canada needs to finish in the top three in order to qualify for the 2014 FIBA world championship. The Canadian women have appeared in the previous two world tournaments, in 2006 and 2010. Sports & Recreation
Cybersecurity: Canada keen to collaborate with India
Canadian High Commissioner Stewart Beck, while speaking in a function here said, India would require 5,00,000 people in cybersecurity while Canada has ten educational institutions in the province of Ontario alone that provide programmes on cybersecurity. “We believe both the countries have some strengths and we need to work together utilising them…We have ten educational institutions in the province of Ontario alone that provide programmes on cybersecurity. This is how we can collaborate with India,” Beck said. He said that Canada can be excellent partners with India in areas food security, energy security, education and infrastructure. Talking about Canadian pension funds, Beck said his country believes that India provides the long term secure and stable capital investment and as Canada has the strongest pension funds in the world, it wants these funds to come to India. He said that last week representatives of five largest Canadian pension funds were in India to talk about how to bring Canadian capital in this market. Those five funds alone represents around 700 billion dollars of investable capital. The Canadian financial system survived the 2008 financial crisis. “One of the concerns that the Canadian pension funds have is the taxation system in India. India has layers of tax. Canadians do not have any problems in paying tax.
Canada’s Fairfax offers to acquire BlackBerry in $4.7 billion deal
dollar at 5 p.m. in Toronto. It reached C$1.0182 per U.S. dollar Sept. 19, the highest since June. One loonie buys 97.24 U.S. cents. Bonds, Oil Canadas benchmark 10-year government bonds rose, pushing yields down four basis points, or 0.04 percentage point, to 2.65 percent. The 1.5 percent security maturing in June 2023 gained 35 cents to cost C$90.28. Futures on crude oil, Canadas biggest export, fell 1.2 percent to $103.43 per barrel in New York and the Standard & Poors Index of U.S. stocks dropped 0.5 percent. BlackBerrys tentative $4.7 billion buyout deal from a group led by its biggest shareholder opens a path for the company to go private after a new line of smartphones failed to catch on.
Canada Dollar Gains First Time in Three Days Before Retail Sales
After the completion of FIBA continental championships this summer, including Eurobasket on Sunday, which France won for the first time, 20 of the 24 World Cup teams have been finalized and the four remaining teams will be awarded wild-card spots. Already in: Americas (5): USA (defending Olympic gold medalist), Mexico (2013 FIBA Americas champion), Puerto Rico, Argentina, Dominican Republic. Europe (7): Spain (host country), France ( 2013 Eurobasket champion ), Lithuania, Croatia, Slovenia, Ukraine, Serbia. Oceania (2): Australia (2013 FIBA Oceania champion), New Zealand. Asia (3): Iran (2013 FIBA Asian champion), Philippines, South Korea. Africa (3): Angola (2013 FIBA Africa champion), Egypt, Senegal. The four remaining spots will be awarded at FIBA’s central board meeting Nov. 23-24 in Buenos Aires, and while there are plenty of viable candidates, the wild-card entries come with an expensive price tag: Each wild card must pay 500,000 ($674600) no small fee, especially for national teams without a huge budget. China is almost a guarantee. With nearly just as many people playing basketball in China as there are people in the USA, it makes sense for FIBA to bring China to Spain, and China is willing to pay the fee. Canada is an option, too. As the country develops its young talent (Tristan Thompson, Andrew Wiggins, Andrew Nicholson, Anthony Bennett, Kelly Olynyk among others) and becomes more competitive on the international scene, playing in the World Cup is important for Canada’s future. However, 500,000 approximately $675,000 gives Canada reason to consider the value of that investment.