Thomas Cook Canada To Discontinue Dedicated Charter Aircraft | Aero-News Network
Aero-News Network
RSS icon RSS feed
podcast icon MP3 podcast
Subscribe Aero-News e-mail Newsletter Subscribe

Airborne Unlimited -- Recent Daily Episodes

Episode Date

Monday

Tuesday

Wednesday

Thursday

Friday

Airborne On ANN

Airborne 07.20.15

Airborne 07.21.15

Airborne 07.22.15

Airborne 07.23.15

Airborne 07.24.15

Airborne Hi-Def On YouTube

Airborne 07.20.15

Airborne 07.21.15

Airborne 07.22.15

Airborne 07.23.15

Airborne 07.24.15

EAA/ANN AirVenture Innovation Preview

AIP-#1 Vimeo

AIP-#2 Vimeo

AIP-Part 1 YouTube

AIP-Part 2 YouTube

Sat, Apr 14, 2012

Thomas Cook Canada To Discontinue Dedicated Charter Aircraft

Terminates Agreement With Jazz Aviation For Flights In Canada

Jazz Aviation said Thursday that it has received notification from Thomas Cook Canada Inc. ("Thomas Cook") of its intention to discontinue operating dedicated charter aircraft, branded as Thomas Cook Canada, due to market conditions.  As a consequence, the remaining three years of the five-year flight services agreement with Jazz will be terminated effective April 30, 2012.

"A change in market dynamics means that we need to introduce more flexible flying arrangements; the consequence of that is the decision to discontinue our dedicated fleet of 757 aircraft.  The Jazz team did a great job in operating our Thomas Cook Canada flights and we thank them for the expertise, guidance and support they provided during the last two years," said Dean Moore, Chief Executive Officer of Thomas Cook North America.

In 2010, Jazz signed a five-year flight services agreement with Thomas Cook to operate a dedicated charter fleet of six Boeing 757-200 aircraft to various sun destinations from Canadian gateways during the winter season. "We are very disappointed that the current market conditions require Thomas Cook to restructure its operations," said Joseph Randell, President and Chief Executive Officer, Jazz. "We enjoyed working with the Thomas Cook team and our employees can be proud of the solid operational performance and customer service they delivered."

Jazz will continue to operate the Thomas Cook Canada flights, as scheduled, for the remainder of the winter 2011-2012 program and proceed with the normal seasonal wind down of this operation by April 28, 2012. As the majority of Thomas Cook flying block hours planned for the year 2012 will be completed by April 28, 2012, there will be no change to Jazz's billable block-hour guidance for the year ended December 31, 2012 of between 385,000 and 400,000.

Jazz and Thomas Cook have reached a commercial settlement in respect of the termination of the flight services agreement, the economic terms of which reflect the original and intended expiration of the agreement, regarding the recovery of certain initial start-up costs and foregone revenues.  The details of this settlement are confidential under its terms.

FMI: www.flyjazz.ca

Advertisement

More News

Airborne At OSH15 Day 5 Redux: Inhofe's Mission, NextGen GA Fund, New Kitfox

Also: Cicare 8, Switchblade Update, Beringer Alaskan Bush Gear, Jack Pelton Interview - Final E-I-C Note: Regularly Daily Airborne Unlimited Programming will resume this Monday now>[...]

ANN's Daily Aero-Linx (08.01.15)

The BD-5 Web Site The official home of the BD-5 network, the purpose of this web site is to provide information about the Bede Aircraft BD-5, an experimental, homebuilt, single-sea>[...]

ANN's Daily Aero-Term (08.01.15): Notice To Airmen (NOTAM)

A notice containing information (not known sufficiently in advance to publicize by other means) concerning the establishment, condition, or change in any component (facility, servi>[...]

Aero-News: Quote Of The Day (08.01.15)

"The fairing separation is one of our very first critical events. If it doesn't work as planned, it's probable the mission cannot continue." Source: Mike Hawes, Lockheed Martin Ori>[...]

ANN FAQ: Aero-Twitters Offer Instant Alerts For Breaking News

Say Hello To Aero-Twitter! Twitter is designed to work on a mobile phone as well as on a computer (and can be accessed via your IM clients). All Twitter messages (called "Tweets", >[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2015 Web Development & Design by Pauli Systems, LC