YVR International Terminal Expansion Exterior Completed ancouver International Airport Authority celebrated the completion of the exterior of phase one of the International Terminal’s nine-gate expansion last month as the final piece of glass was installed, completing the wall and enclosing the building. The $200-million, 29,958 square metre building is the cornerstone of the Airport Authority’s $1.0-billion construction program and will feature the first four gates. The building has been under construction since June 2005 and will be completed and operational by spring 2007. “With the completion of the exterior of this building, YVR is one step closer to realizing its
YVR Airside Operations Inaugural ‘Safety Sizzler’
he Airport Authority kicked off its first “Airside Safety Sizzler” on August 3, 2006. The barbeque drew hundreds of airside ramp staff and brought together an incredible cross-section of YVR companies. In the spirit of co-operation, airside safety representatives from various companies volunteered along side YVR Airside Operations staff, helping promote high safety standards in the workplace. Ramp staff was treated to lunch and the chance to see construction storyboards for the projects going up around them daily. YVR Airside Operations hosted the event to thank those who have been dealing with the ever-changing face of YVR and to address any safety concerns or
SEE TERMINAL EXPANSION,
ast month, Harmony Airways signed a code-share agreement with Hawaiian Airlines. This winter, Harmony Airways and Hawaiian Airlines will offer daily flights from Vancouver to every major Hawaiian island, with seamless connections. The agreement lets Harmony’s travellers connect with Hawaiian Airlines flights from Maui and Honolulu to Hilo and Kona, on the Big Island, and Lihue, on Kauai. “Harmony Airways means Hawaii,” said Gary Collins, Harmony’s president and CEO. “We already have a strong presence in the market and partnering with Hawaiian Airlines allows us to serve the islands and our customers even better. We’re committed to being Canada’s most convenient and cus-
Passengers board a Hawaiian Airlines Boeing 717-200 at Kona International Airport for an inter-island flight. PHOTO: ERIC GUINTHER. tomer service-oriented carrier and we’re making good on that promise by offering access to every major island, every day.” Customers pay one fare and
check-in at their point of departure. Luggage is then checked through to the final destination. Both carriers offer business or first class service. SEE HARMONY /HAWAIIN,
Boeing 747 Large Cargo Freighter Prepares For First Flight
Long Live The Abbotsford Airshow I
ast month, Boeing rolled the first 747-400 Large Cargo Freighter (LCF) out of a hangar at Taipei’s Chiang KaiShek International Airport. The enormous airplane is the first of three specially modified jets that will be used to transport major assemblies for the all-new Boeing 787 Dreamliner. “This is one of the most unusual modifications Boeing has ever done,” said Scott Strode, 787 vice president of airplane development and production. “We’ve relied on the world’s best talent to design and build the LCF and we can all be proud to see
SEE BOEING 747 CARGO,
By Lindsay Waters
opening on a demonstration flight with Eddie Andreini in his Stearman biplane. However, scheduling problems and the uncertain weather meant a postponement until next morning. At dawn the following day, we returned to Abbotsford with a now nervous Dave wondering aloud about the coming flight. Though happy for Dave’s luck in getting the flight, we’re also busy sprinkling a few seeds of doubt in the hopes that he might give up his spot in the Stearman. SEE ABBOTSFORD AIRSHOW,
Cell Phone Rentals Call * YVR is the international aeronautical designation for Vancouver International Airport.
Harmony Airways Partners With Hawaiian Airlines
questions regarding the projects. YVR Airside Operations would like to extend a special thank-you to the following people who were instrumental in making the event such a success: Tom Wright, safety and health coordinator, Penauille Servisair Pam Taylor, health and safety, Air Canada Larry O’Brien, ramp safety coordinator, Air Canada John Japuncic, line maintenance, production team leader, AC Maintenance It was a fun and educational afternoon for all who participated. YVR Airside Operations looks forward to making this an annual event.
t’s media day at the Abbotsford Airshow and I’m heading east on a grey drizzly day with my buddies Dave, a photographer, and Chris, a videographer, to shoot film and attempt to hitch a ride into the wild blue yonder. The overcast skies have thrown the demonstration flight schedules totally out of whack, however. The demo and practice flights have to be woven into the comings and goings of regular flights at the Abbotsford airport and the low ceiling is preventing some pilots from practicing. While waiting at the media tent, Dave heard there was an
gateway potential,” said Bob Cowan, Airport Authority senior vice president, engineering. “When the first phase of the expansion is complete we will be better able to meet the travel needs of British Columbians and remain a significant economic generator for our region and province.” Currently, the capacity of the International Terminal is at its maximum during peak travel times. Phase one will ease the strain on facilities and will accommodate future needs and expected growth. By 2010, YVR is expected to serve 21-million passengers.
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Harmony / Hawaiin,
“Harmony’s customers will enjoy the highest-quality air service in the islands aboard Hawaiian,” said Mark Dunkerley, president and CEO, Hawaiian Airlines. “We take tremendous pride in offering the best aircraft, most reliable service record and award-winning hospitality to travellers in Hawaii.” As Hawaii’s largest and longest-serving carrier, Hawaiian Airlines provides more than 100 flights daily within the Hawaiian Islands. In 2005, the U.S. Department of Transportation ranked the airline America’s No. 1 carrier for ontime service, fewest flight cancellations and best baggage-service reliability.
The building was constructed from 4,300 tonnes of steel and will house new waiting areas, duty-free shops, services, restaurants and dining areas. Leading up to the new aircraft gates, two of which will be able to accommodate the Airbus A380, will be a stream running through the centre of the building spanned by several footbridges and flanked by benches, vegetation and rocks, contributing to the feeling of being in B.C.’s great outdoors. At one end of the creek will be a sculpture by B.C. artist Dempsey Bob, Creek Woman. At the other end of the creek will be a 114-cubic-litre aquarium and a jellyfish tank. This exhibit will feature rockfish, sea anemones, star fish and a variety of local fish. The jellyfish tank will house 100 moon jelly-
Boeing 747 Cargo, it standing on the tarmac.” Evergreen Aviation Technologies Corp. (EGAT), a joint venture of EVA Air and General Electric and a division of Taiwan’s Evergreen Group, performed the modifications. Ground testing is under way to prepare the LCF for its first flight. After initial flight testing in Taipei,
fish, a colourful umbrella-shaped species which can grow up to 45 centimetres in diameter. Ray Zibrik, president of YVR Project Management, the subsidiary company responsible for overseeing the project, recognized the dedication of hundreds of people in completing the building. “I am proud to report that this portion of the project was completed ahead of time and under budget. I would like to thank all of the workers, engineers and designers on this project for their hard work and dedication and congratulate them on meeting this goal.” The $1.0-billion construction program is expected to generate 5,200 person-years of employment, 1,500 construction jobs and $525-million in direct GDP.
the LCF will fly to Seattle to complete the flight test program. Modification of the second airplane will be completed this fall and the third airplane will begin modification next year. The first two LCFs will enter service in 2007 to support the final assembly of the first Dreamliners.
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PRESIDENT’S CORNER By LARRY BERG, President and Chief Executive Officer
The World Is Our Marketplace Why ‘Open Skies’ Open The Door To Opportunities ost of us here at YVR are familiar with our gateway strategy taking advantage of our geographic location to be a major link connecting North America with the Asia-Pacific. We have been very successful in that strategy and we expect to see even more traffic from China when Canada receives Approved Destination Status from that country’s government. This month we’re hosting a Canada-China Airline CEO Summit to talk about future opportunities and how to work together to move the process along. Adding China to the Transit Without Visa list is another initiative we’re advocating to facilitate Chinese travel to North America via the YVR gateway. However, we are not just a gateway to the Asia-Pacific; we are a gateway to the world. As globalization brings the world closer together, Canada is receiving more international travellers than ever before. At YVR, U.S. and European traffic is up, and overall we’re up about 2.7 per cent year-to-date and tracking to reach 16.9-million passengers in 2006. So, while Statistics Canada numbers show a yearto-date decline in overall non-residents visiting Canada, the number of foreign travellers coming to Canada by air is holding steady. As well, Canadians are travelling more, and the number of Canadian travellers going abroad by air is up more than six per cent. World Tourism Organization figures show that travellers are pursuing more unusual destinations, travelling in increased numbers to Africa, Asia and the Middle East. We see this trend in Canada, where some of the biggest rates of increase in foreign visitors are from places that have not traditionally been sources of tourists to our country. We continue to prepare for the growing number of passengers by ensuring our airport is utilizing the latest technology and processes to provide streamlined passage for travellers, including self-service check-in
kiosks both at the airport and off site, cruise ship onboard check-in, and automated border crossing programs lime NEXUS Air. Preparing our airport is only half of the equation, however. Canada and our region are not enjoying the full benefits of tourism trends because air service agreements with many markets around the world still limit the ability of some air carriers to serve Canada directly. Which is why, despite the increased number of international travellers coming to and from Canada, some 15-30 per cent of passengers still go through the United States. The key to increased tourism for Canada is more Open Skies agreements. Open Skies agreements remove restrictions on air service between two countries, including pricing, frequencies of service, capacity, destinations that can be served, and the number of carriers operating between two countries. Open Skies agreements do not allow for domestic service by foreign carriers. Typically, such an agreement can increase traffic growth between two countries or markets by 12-35 per cent. What this really means is more choice for passengers, whether it be the carrier they choose, their destination, or the route they take to get there. At a time when the United States has already signed 76 Open Skies agreements worldwide, Canada has just two: one with the U.S. and one with the United Kingdom. The shifting origins of tourists to our country provide a glimpse of the opportunities available with more liberalized air policies. The world is our marketplace in the aviation industry, and the only way to bring opportunity home to B.C. is to ensure easy passage through open skies. It’s good for passengers and it’s good for YVR and, as a major economic generator for our region and province, that means it’s good for our communities too.
Vancouver International Airport Authority
Photo Caption CONTEST Send the correct name of this aircraft (make and model) and you could win a $25 Gift Certificate to the Boathouse Restaurant. Send your answer by: E-mail: firstname.lastname@example.org; Fax: (604) 736-6750; Mail: SkyTalk, 306-5400 Airport Road South, Richmond, BC V7B 1B4 A draw will be made from all correct received by September 30, 2006. The winner’s name will be published in the October issue of SkyTalk. John Korenic, director of aviation marketing, Vancouver International Airport Authority, is pleased to announce the appointment of Alix Li to the position of manager, cargo marketing. “Alix brings with him strong market and trade analysis, research and marketing experience in the logistics industry,” said Korenic. Prior to joining the Airport Authority, Li was responsible for marketing support activities with the Vancouver Port Authority’s trade development team, senior management and port customers. Li also previously worked for the Royal Bank of Canada (Asia) Ltd in Singapore as an industry analyst and at the Canada Ports Corporation in Ottawa. Li earned his MA in Economics at Queen’s University and his BA (Honours) in Economics at Trent University. He speaks Mandarin at a native speaker’s level. “In support of YVR’s Strategic vision, this new position reflects YVR’s renewed focus and commitment in realizing YVR’s Cargo Gateway potential,” said Korenic. Li can be reached at (604) 303-4289.
Last month’s contest winner: Donna Farquhar, Abbotsford Aircraft: MurphySR-3500 “Moose”
Your Airport Community Newspaper SEPTEMBER 2006 ISSUE • VOL. 13 • NO. 11 YVR SKYTALK, the official newspaper of the Vancouver International Airport, is owned and published monthly by Westco Marketing Ltd. for the travelling public and 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:
Suite 306 - 5400 Airport Road South
YVR Editorial Liaisons:
Kate Forrester, Ralph Eastman
Richmond, BC V7B 1B4
Peter Kutney, Artie Chumpol, Jody Holgate
Creative / Production:
Tel: 604-736-6754 • Fax: 604-736-6750 Email: email@example.com Printed on Recycled Stock using vegetable based inks Please recycle this product.
ASSOCIATION OF AIRPORT PUBLICATIONS P.O. Agreement #1676261
a Taste of Greece at YVR
Souvlaki Platter Includes souvlaki (your choice of chicken, lamb, pork, gyros, shrimp or fava), roasted Greek potato, rice pilaf, pita bread wedges and tzatziki. Served with your choice of salad: Greek Salad Platter . . . . . . . . . . . . . . . . . . . . . . . . .$7.49 Casesar Salad Platter . . . . . . . . . . . . . . . . . . . . . . . .$7.19
Souvlaki & Salad Includes souvlaki (your choice of chicken, lamb, pork, gyros, shrimp or fava) pita bread wedges & tzatziki. Served with your choice of: Greek Salad . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .$6.99 Caesar Salad . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .$6.79 Low Carb Greek . . . . . . . . . . . . . . . . . . . . . . . . . . . .$6.99 Low Carb Caesar . . . . . . . . . . . . . . . . . . . . . . . . . . . .$6.79
Calamari Caesar Fried Calamari served with caesar Salad . . . . . . .$6.99
Specializing in fresh, fast Greek food to go!
Spanakopita A phyllo pastry “pouch,” with a spinach & feta cheese filling. Served with: Rice & potatoes or salad . . .$6.49
Food Court International Terminal, Level 3 Departures
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Airport Job Training Burnaby School Dist. Adult Cont. Education
Richmond School Dist. Adult Cont. Education
Check-In/Customer Service Agents At YVR FREE INFORMATION SESSIONS 18 Sep. 2006, 7:00 p.m. Burnaby Central High School 19 Sep. 2006, 7:00 p.m. Langara College, Main Campus 20 Sep. 2006, 7:00 p.m. MacNeill Sec. School, Richmond CLASS START DATES – SEPTEMBER 2006
This program is designed to provide you with the skills required to enter this popular field as a front-line entry-level Customer Service Agent at the airline counters. Second language French, Spanish, German, Vietnamese, or Korean an asset. Attend one of the Information Sessions to learn more about how you can get started in this field.
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Heightened Security At YVR: What You Need To Know ransport Canada has directed all airports to increase security measures. These include restrictions on the purchase and consumption of liquids. Passengers are not permitted to carry any liquids or gels in their carry-on baggage or through security, including canned or bottled beverages, juices, aerosols, creams, lotions, toothpaste, hair gel, perfume, and similar items. Exceptions include: baby formula (infant must be accompanying the adult) and prescription medications. Passengers are being advised to place all liquids in their checked baggage or dispose of them in designated containers. Post-security retailers located past security are only permitted to sell beverages (such as water, pop, juice, etc.) in an open cup or bowl. These must be consumed prior to boarding an aircraft. Electronics, such as laptop computers, are not affected by the new regulations and are still permitted on carry-on bags. Passengers are advised to give themselves extra time for check-in: 90 minutes for Domestic flights, two hours for U.S.-bound flights and three hours for International flights.
Prohibied in carry-on Passengers can help speed up the screening process by ensuring they are not carrying any prohibited items through security.
For the latest information and updates, check real time flight information at http://www.yvr.ca, or call your airline.
Canuck Place Congratulates Wayne Duzita On A Job Well Done
Information call: Burnaby Cont. Ed. At 604-664-8888 Richmond Cont. Ed. At 604-668-6123 Langara College, Cont. Ed. At 604-876-1023, Oren
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OVERLOOKING THE MARINA AT THE DELTA VANCOUVER AIRPORT HOTEL 3500 CESSNA DRIVE, RICHMOND
In 1995, then Minister of Children and Family Development, Stan Hagen presented a cheque for $500,000 to Canuck Place. (Left to right) Filomena Nalewajek, executive director of Canuck Place; Dave Nonis, general manager of the Vancouver Canucks and retiring Canuck Place board chair, Wayne Duzita. anuck Place board chair, Wayne Duzita retires this month after seven years with the Hospice.
Duzita became involved with Canuck Place after attending the funeral of his friend Brian Flagel’s daughter. In an effort to help children and their families struggling with life-threatening illnesses, Duzita and Flagel created the now wellestablished YVR Golf for Kids fundraising event, which has raised nearly $2-million for children’s charities. “Wayne has provided leadership to the board, initially as founder of the Hospice Foundation Board and more recently as chair of the restructured Hospice Society Board,” said Filomena Nalewajek, Canuck Place executive director. “We wish Wayne
all the best as he moves on to appointed positions with the Richmond 2010 Olympic Oval Project Steering Committee and the Trans-Link Governance Review Task Force.” During Duzita’s tenure, Canuck Place revenues increased from $2.5-million in 1998 to $5.3-million in 2005. Staff increased from 75 to 85, and the number of children and families served grew to more than 450. “Without Wayne we would not have got through this second phase of Canuck Place’s development,” said George Jarvis, one of the founding members. “It needed his honesty, enthusiasm, dedication and hard work to get us to the current stage, where it is fully operational, independent, and a respected organization world wide.”
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Next Generation 737-900ER Takes Flight
arlier this month, the newest member of the Boeing Next Generation 737 airplane family took to the skies over Washington State on its maiden flight. The first flight marked the beginning of a five-month flight-test program to obtain certification from the U.S. Federal Aviation Administration and the European Aviation Safety Agency by early 2007. Boeing flight-test pilots, Captains Ray Craig and Van Chaney, flew the airplane west toward the Pacific Ocean, then south to Astoria, Oregon, and over Washington state’s Olympic Peninsula before landing at Boeing Field in Seattle. The first flight tested the airplane’s airworthiness, aerodynamic performance, stability and cruise performance. Flight controls, the autopilot, pressurization, avionics, air condition systems and the flight management computer
also were checked during the flight. “It was a near flawless flight,” said Craig. “We’ve been working on this airplane since 2001 and to see it come to fruition under budget and ahead of schedule is a great tribute to the Boeing engineering and manufacturing team.” The 737-900ER flight test program will include a second test airplane; the two jets are scheduled to accrue a total of 235 hours of flight testing and 210 hours of static ground testing. Both flight-test airplanes are scheduled to be delivered next year to Indonesia-based Lion Air, the 737-900ER launch customer. The 737-900ER incorporates new exit doors, a flat rear-pressure bulkhead and other structural and aerodynamic design changes that allow it to carry up to 215 passengers and fly up to 3,200 nautical miles (5,900 km).
BC AVIATION COUNCIL HOSTS ITS 68TH ANNUAL CONFERENCE:
Preparing For The World’s Arrival In 2010 ll aboard” echoed throughout Ottawa station on September 16,1938, as Canada’s Minister of Transport, C.D. Howe, boarded a train to Nelson, British Columbia, en route to the British Columbia Aviation Council’s (BCAC) first conference. Since then, the BCAC has continued to play a vital role in the development and enhancement of B.C.’s aviation services by providing a strong and consistent voice for aviation in the province. Ken McNicol, BCAC chair, regards this year’s conference, dealing with 2010 security, operations and airspace challenges, as perhaps the most important yet. Up to 450 guests from Canada and the U.S. are expected to attend, which will be held from October 4-6, 2006, at the River Rock Casino Resort in Richmond. “We believe 2010 will be the biggest challenge aviation has ever faced in B.C. If Salt Lake City [Utah] is anything to go by, we can expect close to two-million participants and visitors over the 17 days of the Games—and the vast majority of them will arrive and leave by air. We need to be ready. Next month’s conference will help us understand what needs to be done and the timeline.” McNicol said the conference is also the first time government officials will brief aviation stakeholders and
develop a consultative dialogue on the 2010 aviation planning process. “The BCAC and our members are important stakeholders in the aviation industry. We need to know how and when to provide input to make the planning process around 2010 aviation issues as smooth as possible. In that sense, the conference is an important venue for us to meet the people who will make the rules governing how we operate for the duration of the Games. We see it as a springboard for our participation in the process.” The three-day conference will include panel sessions, tradeshows and the Silver Wings Awards Banquet at which recipients of BCAC’s bursary and scholarship program, five airport management and air safety recognition awards and three B.C. aviation industry contribution awards will be announced. BCAC’s bursary and scholarship program raises funds for aviation students. This year’s keynote speakers will be John Furlong, chair Vancouver Organizing Committee, and TJ Kennedy, an experienced program manager in customer relationships. His experience with the 2004 Athens Olympic Games will be most relevant. If you would like to attend this year’s conference, be sure to register by September 24. For more information visit the BCAC website at www.bcaviation.org.
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Meet Rita Beiks: YVR’s Art Visionary ita Beiks is one of the creative forces behind one of the most extensive collections of Northwest Coast Native art in the world. As director of art programs for the YVR Art Foundation, Rita is responsible for finding and maintaining much of YVR’s collection. Rita’s current role is a surprising departure from her former job as an
account executive in finance. She eventually left the industry to follow her dream to become part of the art world. At any given time, she may be searching for the latest piece to add to the collection, working with an artist on a commissioned piece or coordinating a variety of projects for the foundation, including the Art Scholarship for Native Youth Program.
The majority of Rita’s time is spent procuring works of art for the airport’s rotating display, such as the Harried Traveller on the Departures Level of the International Terminal. Rita equates finding art to a treasure hunt; she visits art galleries, artist studios, art schools, museums, art markets and craft fairs to uncover unique and original pieces.
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5400 Airport Road South Base Rates: $8.00 per sq. ft. per annum n Well-appointed office space at budget prices n Strategically situated airside at YVR’s south side n Available to suit your requirements: • Offices from 300 to 1,800 sq. ft. • Shops and storage from 500 to 10,000 sq. ft.
By Artie Chumpol “At YVR, we try to support independent artists as well as those represented by galleries and artists at various stages in their careers—from emerging artists through to well established and well known artists.” Rita also conducts art tours, maintains existing pieces and sources materials and artists for commissioned works. The artist selection process for commissioned works is quite extensive. Rita first researches emerging and established Northwest Coast artists and then compiles a list for consideration. She consults with other members of the Airport Authority to narrow down the list. Artists on the short list are contacted and asked to submit proposals for specific projects, such as the International Terminal expansion. Once an artist is selected, Rita acts as the liaison between the artist and the various departments at YVR to ensure the project goes according to plan and to schedule. The born and bred Vancouverite and visual artist loves hearing passengers talk about the artwork and the pride they feel when returning to YVR. “It is wonderful to feel part of a program of which so very many British Columbians are proud,” said Rita. “The comment I hear most often from people is that when they arrive in the Customs Hall after a long trip, and see the Musqueam Welcoming
Area, they know that they are home.” The mother of two suggests that anyone wishing to get involved in the art world study art history or fine arts, take business courses and keep current with what is happening in the contemporary art “scene”—both locally and internationally. When she is not touring art galleries and immersing herself in the art scene, Rita can be found spending time with family and friends and gardening. A beach aficionado, Rita has been known to hit various Lower Mainland beaches regardless of the weather or season.
Air Canada Launches ‘Tango Plus’ Multi-Trip Passes ir Canada has launched a Tango Plus ticket that offers significant savings on regular multi-trip Flight Pass prices. The airline’s Tango Plus price, for its range of North America and Rapidair multitrip passes, is valid for 10 or 20 prepaid one-way trips, anywhere Air Canada, Jazz and their regional partners fly within Canada and the continental United States. Starting at $189 one-way, Tango Plus is available for purchase online and through travel agents. “Tango Plus pricing for multi-trip passes is great news for customers looking for an easy-to-use product that delivers price predictability and terrific value,” said Charles McKee, vice president, marketing. “With a one-year usage period, customers can truly take control of their travel with confidence.” Choosing the pass that meets a traveller’s budget and requirements is easy. Customers simply go to the Flight Pass section at www.aircanada.com and select their destination
zone. The Tango Plus option complements Air Canada’s regular Latitude price for multi-trip pass holders seeking additional flexibility and upgrade benefits. Air Canada recently launched an Oil Express Pass for oil patch workers in northern Alberta travelling for work and leisure to and from Eastern and Atlantic Canada, and to the southwestern United States. Flight Passes available to Canadians include a multi-user Small Business Pass for up to eight employees of the same company, and leisure passes for sun seekers including Sun Pass East, Sun Pass West and Hawaii Pass. Air Canada also offers a Flight Pass to Canada for U.S. residents. As an added bonus, Flight Pass holders receive one Aeroplan Mile for every $3 spent at time of online purchase, plus Aeroplan mileage accumulation as the pass is used. Complete details on Air Canada’s Multi-Trip Passes are available at www.aircanada.com.
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By Peter Kutney, Equinox Financial Group
Why Investors ‘Worry’ More About Stocks Than Real Estate For the past couple of decades, many homeowners in the Lower Mainland have found real estate to be a sound investment. While real estate prices have dropped significantly at times, such as in 1982, investors are generally concerned only when selling. The same does not hold true for stock market investors. Even if they are not selling, investors become concerned when the value of their portfolios drops, even if only temporarily. Many people own both real estate and equities, so let’s compare their reactions, and their reasoning for the discrepancy. When real estate is purchased as a source of revenue, it is usually done with a goal—investors are looking for immediate income, or buying to hold for future appreciation. Unless the purpose is to flip the property, the investor realizes the purchase will require a few years before growth in value is realized. If the value of the property goes down for a short time the investor is usually content to wait,
after all that was “the plan.” Investors do not use this same stoicism when stock market fluctuations occur. Why are stock market fluctuations more disconcerting than real estate market fluctuations? I believe it is because that unlike real estate prices, stock prices are available daily and even minute-by-minute. Both stocks and real estate are essentially longterm investments, but they are certainly not treated the same. Stock market investors should regard income from their investments in much the same way real estate investors do. If an investor owns a diversified portfolio of stocks, they should be happy to take the income from the portfolio without worrying about daily fluctuations. But many investors, especially seniors, worry. Why? One advantage shares and mutual funds have over real estate is their liquidity- they can be cashed at a moment’s notice. But this can be a source of concern for investors; the
Shell Canada Aviation Fuels ‘Wings Over Canada’ hell Canada will be the exclusive aviation fuel sponsor for season nine of the television series Wings Over Canada. The series follows the adventures of two bush pilots in a Cessna 185 as they explore the ghost towns, abandoned mines and fishing spots of Canada’s majestic wilderness. As aviation fuel sponsor, Shell Canada will support ATV Productions in creating 20 episodes of Wings Over Canada. The series will air this fall on Canadian Learning Television, SCN, CBC Country Canada, PBS, Shaw and Rogers Ontario and is expected to reach more than 75-million viewers. “Wings Over Canada is a wonderful program, and we are pleased to be the official and exclusive aviation fuel sponsor,” said Craig Andries, manager of aviation, Shell Canada Products. “Since it first aired in 1999, the program has provided viewers with a uniquely Canadian perspective on topics like aviation, history, trivia and the great Canadian wilderness. We’re proud to work with ATV Productions on the 2006 season.” Shell Canada markets aviation fuels and supplies airport dealers through a network of 15 Shell Aerocentre locations and 35 other locations across the country. Shell Aerocentre locations include pilot and passenger lounges, catering services, parking and business amenities. “We’re excited to work with Shell Canada’s aviation business and add them to our amazing list of sponsors,” said John Lovelace, host and producer, Wings Over Canada. They are an excellent fit for our program and we look forward to building a strong relationship with them over the 2006 season as we continue to be the most comprehensive resource for aviation and wilderness Canada news.”
John Lovelace, host and producer, Wings Over Canada, stands in front of a Shell refueling truck.
ability to liquidate quickly is one reason a portfolio is assessed daily. Viewing daily or monthly fluctuations can bother untrained investors. What if real estate holdings were valued monthly? On paper, the changes could amount to thousands of dollars. So not knowing the up-to-theminute changes in real estate values is the real reason why investors don’t worry. It is only when selling that they are interested in the real estate’s value. People who “invest” in conservative shares and mutual funds should do the same thing. Many common shares realize a dividend of five per cent or more and recent changes to Canadian tax laws have dramatically lowered income taxes on dividend income. With this lower tax payable on dividend income, a five per cent dividend yield is roughly the same as a 7.2 per cent yield on interest income. In comparison to the current “yield” on a house, the return on dividends are superior to that on real estate. For example, an average $600,000 home in Burnaby or Richmond might rent out for $1,500 per month. That rent, after deductions for maintenance and property taxes, works out to less than a 2-3 per cent yield on the investment. The house must appreciate over time for this investment to provide a profitable return. So while the stock market may pay a decent rate of return, share value will fluctuate. Many investors could make their lives more comfortable and stress free if they concentrated on income and less on the daily capital fluctuations. Investors should have both equity and real estate in their portfolios and treat them similarly from an emotional point of view.
BCAC 68th ANNUAL CONFERENCE Wednesday, October 4th to Friday October 6th,2006 RIVER ROCK CASINO RESORT Richmond,BC Canada
Peter Kutney is a Financial Planner with Partners in Planning/Equinox Financial Group in Vancouver. He can be reached at (604) 438-1603 or firstname.lastname@example.org.
SECURITY, OPERATIONS,AIRSPACE CHALLENGES: PREPARING FOR THE WORLD TO ARRIVE
Speakers and Panel Sessions Keynote Speaker: John Furlong, President & CEO,VANOC Olympic Organizing Committee
Panel One: 2010 Aviation & Airport Security Challenges Moderator: Murray Day LUNCHEON SPEAKER: TJ Kennedy Mr. Kennedy has experience with some of the most difficult government IT projects in the world. His experience in getting local, state and federal agencies to work together is invaluable. He is a leader of change and has spent most of his career with government and high-profile projects.
Panel Two: 2010 Aircraft & Airport Operational Challenges Moderator: Matt Burns Panel Three: 2010 Airspace Control Challenges Moderator: Wayne McNeal Check the BCAC Web page at www.bcaviation.org for all the Conference details and updates or call (604) 278-9330 for information.
Registration Deadline: September 24, 2006 Register Online At: www.bcaviation.org BRITISH COLUMBIA AVIATION COUNCIL Ph: 604 278-9330 – Fax: 604 278-8210 – Email: email@example.com
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Whale Watching In B.C. TRAVEL TALK ew experiences compare to witnessing a 5,000-kilogram Orca (Killer Whale) arcing out of the water and landing with a splash that can be heard for several kilometres. No wonder, then, that whale watching has become such a popular activity in British Columbia. About 80 Orcas live in the waters off Vancouver Island’s southern coastline yearround. The best time to see whales is between May and October, when they come close to shore in pursuit of salmon, their staple food. Grey Whales traverse these waters in great numbers during their annual migration between March and October, while porpoises, dolphins and sea lions frequent the area as well.
Tofino and Ucluelet In Tofino and Ucluelet, whale watching can be done from land or sea and many places along the shoreline provide good vantage points. While 22,000 Grey Whales pass through the area en route to their Arctic feeding grounds in March and April, the May to October season is when many whales take up residence in these waters. There are some particularly good viewing spots along the Wild Pacific Trail in Ucluelet and in the Wickaninnish Centre in Pacific Rim National Park Reserve, which is equipped with telescopes. Of course,
the most thrilling way to see the whales is from the water with a number of companies offering guided tours. Besides Grey Whales, you may also see Humpback Whales, Orcas, seals and sea lions cavorting in these waters. Tofino and Ucluelet are located north and south, respectively, of Pacific National Rim Park, which is a 108-kilometre drive west from Port Alberni via Highway 4. Telegraph Cove, Port McNeill and Alert Bay For part of the year, 200 Orcas reside here and many frequent the waters of the Robson Bight (Michael Bigg) Ecological Reserve in Johnstone Strait to take advantage of its many salmon runs and “rubbing stones.” Northern Resident Orcas love to rub their bodies on the smooth stones of the reserve’s beaches—the only whale population that does this. Other species on view include Minke and Humpback Whales, Dall’s Porpoises, Pacific Harbour Seals and Stellar Sea Lions. The main departure points for wildlife watching tours are Port McNeill, a 45-minute drive south from Port Hardy via Highway 19. Southern Gulf Islands The southern Gulf Islands lie close to the feeding grounds of Orcas, with
their waters home to three pods of Southern Resident Orcas. Sightings are most common between May and November, when great numbers of salmon, their staple food, are spawning nearby. Guided whale-watching tours can be joined directly from a number of islands; tour companies operate on nearby Vancouver Island as well. Renting a kayak or taking a ferry between the southern Gulf Islands, Vancouver Island and/or the mainland are affordable ways to view whales from the water. Other species on view include Dall’s and Harbour Porpoises, seals, sea lions, Bald Eagles and many kinds of sea birds.
The main southern islands, Salt Spring, Galiano, Mayne, Pender and Saturna, offer regular ferry service from Vancouver Island and the Mainland, while an inter-island ferry service makes hopping between these islands easy. From Vancouver Island, catch the ferry at Swartz Bay, a 30-minute drive north from downtown Victoria via Highway 17. If you’re destined for Salt Spring Island, you may also catch the ferry at Crofton. From the mainland, catch the ferry at Tsawwassen, a 45-minute drive south from Vancouver via Highway 99.
Victoria The best time for whale watching in the Victoria area is during the feeding season from May through November. During this time, tours operate daily from Oak Bay. Choose from a catamaran or high-speed aluminum passenger vessel. Sidney is the closest departure site for the Haro Strait and San Juan Islands viewing areas; several whale-watching companies operate from the downtown waterfront there. Depart from the Sooke Harbour Marina in a highspeed zodiac for the Sombrio Point and Race Rocks viewing areas.
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Aviation World Celebrates 6th Anniversary
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Summit Customs Brokers “ AV I AT I O N S P E C I A L I S T S ” 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
he tents were up and the barbecue was on last month when Aviation World said thank you to its customers for six years of support of its Russ Baker Way location. Founded in 1967 by Len Neath, a retired Air Canada 747 captain, the first store opened in Toronto at Pearson International airport. In 2000, a second location was opened just minutes from Vancouver International Airport, on the way to the South Terminal. Earlier this year, Young and mature aviation enthusiasts were lined up for the free barbecue lunch.
Great deals on boxed models under the tent at the Russ Baker Way location.
Aviation World’s store manager, Gary Neath helps staff the barbecue tent. Aviation World combined forces with Aero Training Products, which specializes in training pilots, mechanics and aviation managers. Aviation World has a growing mail order business and stocks more than
7,000 book titles, a huge selection of collectibles, clothing, pilot supplies, kits and hobby supplies, watches and gift items. Visit the Aviation World website at www.aviationworld.net.
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Bombardier Sells Q400 Turboprops to Frontier Airlines
The Q (quiet) Series aircraft contain Active Noise and Vibration Suppression (ANVS) systems that reduce cabin noise and vibration levels. enver-based Frontier Airlines has ordered 10 Bombardier Q400 74-seat airliners, with options on an additional 10. The Q400 is Frontier’s first turboprop. The airline operates 280 flights a day to 57 destinations in Canada, the U.S. and Mexico, some of which are flown by Horizon Air using Bombardier CRJ700 regional jets. “Only the Bombardier Q400 aircraft has the very low operating costs and operational character-
istics that we require to develop new flying from our hub in Denver to points in Colorado and surrounding states,” said Jeff Potter, president and chief executive officer, Frontier Airlines. “The aircraft’s high cruise speed and excellent passenger comfort complete an extremely attractive package. Judging from the experience of other Q400 operators, our passengers are going to enjoy flying in this aircraft.” Frontier is the 18th operator to order the Q400.
The order is worth US$256.8-million and would rise to US$520.3-million if the 10 options are exercised. “We are delighted that Frontier Airlines has recognized the superb qualities of the Bombardier Q400,” said Steven Ridolfi, president, Bombardier Regional Aircraft “This aircraft is in a class by itself. There is no other regional aircraft that comes close to matching its low operating costs and we look forward to supporting Frontier’s future growth.”
Oneworld Unveils New User-Friendly Website neworld has unveiled a new userfriendly website, making it easier for travellers to check flight schedules across its global network
and see where member airlines fly. The redesigned website offers improved navigation and new features such as:
Shell Canada Schedulers And Dispatchers Scholarship hell Canada Products is calling for submissions for the second annual Shell Canada Schedulers and Dispatchers Scholarship. Funded by Shell Canada Products’ Aviation, the $5,000 education and training bursary will be presented at the National Business Aviation Association (NBAA) Schedulers and Dispatchers Conference, from January 21 to 24, 2007, in Phoenix, Arizona. Submissions are due by November 3, 2006. “Shell Canada Products is proud to continue funding this scholarship program and recognize schedulers and dispatchers across Canada for their vital contribution to the business aviation industry,” said Craig Andries, manager aviation, Shell Canada Products. The 2006 recipient was Terry Neitsch of Calgary, who will use her scholarship to attend the 2007 NBAA Conference and work
towards a Certified Aviation Manager (CAM) diploma. Founded in 1947, and based in Washington, D.C., the NBAA represents more than 7,000 member companies and is the leading organization for companies relying on general aviation aircraft. The organization’s goal is to help these businesses become more efficient, productive and successful. Since 1997, the NBAA’s Schedulers and Dispatchers Committee has offered cash grants through its scholarship program for a variety of professional initiatives. In 2005, the program was expanded to provide scholarships specifically for Canadian schedulers and dispatchers. For more information on the Shell Canada Schedulers and Dispatchers Scholarship, or to apply for the 2007 bursary, visit: http://web.nbaa.org/public/education/scholarships/ schedcanada/.
The All-New 2007 Camrys Have Arrived! Huge Inventory of 2006 Models Remaining! Also, More Than 60 Used Vehicles In Stock! Grant McDaniel (former YVR Air Canada employee)
Sales and Leasing of New and Used Vehicles
Christian Chia President OpenRoad Auto Group
• An interactive network map, showing member airline destinations and routes; • Ability to check, direct from the site’s home page, member airlines, affiliates and code-share partners schedules, with more direct links to websites for customers booking flights on-line; • Sites in local languages, tailored to key countries including Canada, France, Germany, Japan, the Netherlands and Switzerland, and pages dedicated to travel agents; • More detailed information on the alliance’s range of fares, including downloadable brochures in a choice of nine languages, maps showing sample itineraries and an interactive tool to help plan roundthe-world journeys; • Links to the appropriate pages of member airlines’ websites for customers wanting more information. “Our overall objective in relaunching oneworld.com is to
make it more useful to our customers, rather than simply providing basic information about the alliance,” said Nicolas Ferri, oneworld’s vicepresident, commercial. “So we’ve made it easier for visitors to find the site’s most popular features and added new elements we know will be immensely popular, like our new interactive network map.” Oneworld’s existing eight-member airlines—American Airlines, British Airways, Qantas, Cathay Pacific, Iberia, LAN, Finnair and Aer Lingus—plus its 12 affiliates, serve more than 600 destinations in some 135 countries with more than 8,150 flights a day. Early next year, Japan Airlines and five of its affiliates, plus Malév and Royal Jordanian, will join the alliance. Oneworld’s coverage will increase by almost 100 destinations and a six more countries, taking its daily departure total to more than 9,000.
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Upcoming EVENTS October 4 BRITISH COLUMBIA AVIATION COUNCIL: GOLF TOURNAMENT Greenacres Golf Course, 5040 No. 6 Road, Richmond, BC Part of the BCAC’s 68th annual conference. Registration fee $95. Call (604) 278-9330, or visit www.bcaviation.org to register.
October 4-7 BRITISH COLUMBIA AVIATION COUNCIL: “PREPARING FOR THE WORLD’S ARRIVAL IN 2010” River Rock Casino Resort, 8811 River Road, Richmond, BC This year’s conference will focus on aircraft and passenger growth leading up to the 2010 Olympics. Panels and keynote speakers will focus on: airspace, operations and opportunity. Keynote speaker: John Furlong, president & CEO, VANOC Olympic Organizing Committee. Registration deadline: September 24. Call (604) 278-9330 or visit www.bcaviation.org to register.
October 11-13 CANADIAN AVIATION MAINTENANCE COUNCIL 15TH ANNUAL FORUM AND AGM: “EVOLUTION BY DESIGN” Delta Winnipeg, 350 St. Mary Avenue, Winnipeg, MB The Annual Forum is one of the Canadian aviation industry’s foremost events, providing delegates with an opportunity to access leading-edge industry knowledge, expand their network and recognize peer contributions. At this year’s conference, Evolution by Design, the Council will explore the importance of staying competitive and adapting. The CAMC will also host its second Career Forum, a prime networking opportunity for students, educators and employers in the Canadian aviation industry. An Awards Banquet and Gala Evening will be held on October 13, at the Winnipeg Aviation Museum. Contact Gail Vent, marketing coordinator, at (613) 727-8272 ext. 223, 1-800-448-9715 ext. 223, or e-mail firstname.lastname@example.org.
2007 Tourism For Tomorrow Awards Call For Entries he World Travel & Tourism Council (WTTC) has issued a call for entries for the 2007 Tourism for Tomorrow Awards. The awards, now in their third year under WTTC stewardship, promote and reward best practices in global travel and tourism. There are four entry categories, focusing on tourism destinations, businesses and organizations, which are: • Destination Award: for destinations which show a commitment to responsible tourism development • Conservation Award: for a tourism organization committed to natural and cultural heritage preservation • Investor in People Award: for a tourism organization that shows a commitment to human resource development and local community involvement • Global Tourism Business Award: for a tourism business that demonstrates responsible tourism practices,
with a minimum 200 employees and operations in more than one destination The judging panel consists of 12 international tourism experts. Finalists will receive an on-site verification visit and winners will be announced at a special ceremony during the 7th Global Travel & Tourism Summit in Lisbon from May 10 to 12, 2007. The 2006 Tourism for Tomorrow Award winners were: Destination Award, Sierra Gorda, Mexico www.sierragordamexico.org; Conservation Award Campi Ya Kanzi, Kenya www.maasai.com; Investor in People Award Hotel Punta Islita, Costa Rica www.hotelpuntaislita.com,; Global Tourism Business Award Fairmont Hotels and Resorts, Canada and Global www.fairmont.com,. For more information, or to download an application, visit www.tourismfortomorrow.com, or email email@example.com. Deadline for entries is December 11, 2006.
Qantas Airways Extends Its Aussie AirPass W ith the Qantas Airways Aussie AirPass, visitors to Australia will now have the choice of an even wider variety of Australian destinations for travel through December 14, 2007. The Qantas Aussie AirPass includes round-trip economy class air transportation to Australia, plus travel to three cities within Australia, for one low fare. The Aussie AirPass lets travellers choose from 21 Australian cities. In addition to new destinations, such as Rockhampton, Mackay, Gladstone and Gove, popular desti-
nations, including Sydney, Melbourne, Brisbane, Gold Coast, Cairns, Alice Springs, Ayers Rock, Darwin, Hamilton Island, Perth, Broome, and Hayman Island, are available. All Qantas Airways transpacific flights include complimentary meals, bar service and personal seat-back entertainment screens, providing endless entertainment options. For more information on the Qantas Aussie AirPass contact a travel professional, Qantas Airways reservations at (800) 227-4691 or visit the Qantas website at www.qantas.com/ca.
November 5-7 AIR TRANSPORT ASSOCIATION OF CANADA: “72ND ANNUAL GENERAL MEETING AND TRADE SHOW” Fairmont Empress Hotel and Victoria Conference Centre, 721 Government Street, Victoria, BC The ATAC annual general meeting and trade show attracts delegates from the Canadian air transport industry along with various government agencies, manufacturers and suppliers. Contact Barb Priestley, trade show coordinator, at (613) 261-5121, or e-mail firstname.lastname@example.org.
November 17 BRITISH COLUMBIA AVIATION COUNCIL: “BLACK AND BLUE JEANS BURSARY AUCTION” Vancouver International Airport, International Terminal Building, Departures Level, East Concourse (below the Fairmont Vancouver Airport Hotel), Richmond, BC BCAC is seeking auction donations and sponsorships. Funds raised will be awarded to aviation students. For further information call (604) 278-9330, or e-mail email@example.com.
Ex-YVR HMS Host employee For First-Time Buyers and Experienced Investors. Visit: deanwilkins.com or call me directly at: It’s easier than you think!
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Start a Business today at www.incorporate.ca There has never been a better time to start your own business. INC Business Lawyers make it easy. We are business start-up lawyers who can help you. Looking for help or advice about: • forming a corporation for your business in British Columbia or Canada? • registering a trade-mark in Canada or internationally? Standard BC Incorporation $699 total cost #1201-11871 Horseshoe Way, Richmond, BC V7A 5H5 Telephone: (604) 272-6960 • Email: firstname.lastname@example.org
Airport Authority Lands Two New Awards irport Council International–North America (ACI-NA) has recognized the Airport Authority with honours in its 2006 Excellence in Marketing and Communications Contest. The Airport Authority’s 2006 media guide, The Story on Getting the Story at YVR, which provides journalists with convenient access to information on the airport, won first place
in the press kits division. The draft 20-year Master Plan, YVR: Your Airport 2027: Draft 20year Master Plan for Consultation, detailing issues and recommendations surrounding YVR’s future development, won third place in the Public Relations Campaign category. YVR was among 59 competing airports and airport authorities that submitted entries in the contest.
Established in 1990, the contest recognizes airport efforts marketing and public relations and has grown to become one of the industry’s premier awards. Award categories span a wide range of media including brochures, advertising, marketing and public relations campaigns, newsletters, special events, video and film productions and websites.
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Abbotsford Airshow Continued from Page 1
Photos: Dave Thorpe
The F16 Falcon is a multi-role jet fighter aircraft developed by General Dynamics in the U.S. Designed as a lightweight fighter, it evolved into a successful multi-role aircraft. Though no longer produced for the U.S. Air Force, it is still produced for export. At the airfield, Dave was briefed by Eddie, climbed aboard the Stearman and was then off and flying. The aircraft disappeared into the grey dawn and didn’t appear until 45 minutes later. What a difference 45 minutes can make. Dave jumped out of the plane grinning and babbling like a fool about what a mind-blowing trip it was. Definitely not the same guy we rode out with that morning. Eddie is a great guy and chatted briefly while he filled the smoke chamber for his performance later on. He bought his first plane when he was 17 and has been flying ever since. He goes to airshows all over North America and has even taken his plane to Australia and Europe. The wings are simply taken off and the plane is then shipped in a box. For the rest of the day Dave stayed in a trance while we observed the static displays and, of course, the wild and woolly flying overhead. There’s something magical in riding in a cockpit and Dave was extremely lucky to experience it. We ended our day watching our homegrown heroes the Snowbirds, my favourite part of the show. I was a member of the Royal Canadian Air Force for a while and I’ve flown Tutors. I’ve seen the Snowbirds playbook and I know how good these guys are. Whenever they make an appearance, crowds gather to hear the thunder and watch their flying aerobatics. We had a great time at this year’s Abbotsford Airshow and extend a special thank you to all the volunteers that made the event possible.
Stearman pilot, Eddie Andreini (left) gets the thumbs-up from photographer Dave, after his “mind-blowing” flight. Photo: Lindsay Waters
The CT-114 Tutor has gained international fame for its role as an aerobatic aircraft. First serving with the Golden Centennaires in 1967, the aircraft was later selected for use by the Snowbirds.
The C-17 Globemaster is a strategic airlifter manufactured by Boeing and operated by the United States Air Force and the Royal Air Force.
The Stearman biplane unleashes its smoke chamber much to the delight of the crowd.
The P-51 Mustang is a long-range single-seat fighter aircraft that entered service with Allied air forces during World War II and became one of the conflict’s most successful and recognizable aircraft.
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Here’s your chance to become a member of the team of 12,000 employees, who make Purolator Canada’s leading overnight courier company. Purolator is hiring Sorters to work out of our Richmond depot. Sorting is a physical job, which requires a friendly, team-oriented person who is prepared to work hard, fast and safely. We need employees for: Richmond Air Division: 3:15 a.m. to 6:45 a.m. Tuesday to Saturday 4:30 p.m. to 7:30 p.m. Monday to Friday We pay $11.21 per hour. Those who stay for 2 years will earn $17.44 per hour. Please drop off a résumé at 3700 Jericho Road, or email your résumé to:
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VALUE PRICE ADVANTAGE
Award-winning Hondas…crowd-pleasing offers!
Lease and finance offers are from Honda Canada Finance Inc., on approved credit. Based on a 2006 Odyssey LX, model RL3826E / 2006 Element, model YH1726PL / 2006 Pilot LX, model YF1816E / 2006 CR-V SE, model RD7756EX. Lease for 48 months at $388.00 / $288.00 / $388.00 / $288.00 per month plus applicable taxes with 96,000 km allowance (12¢/km exceeding allowance). $5,692.03 / $2,687.30 / $7,808.73 / $4,939.95 down payment or equivalent trade acceptable to dealer. Initiation payment of $7,004.63 / $3,496.29 / $9,396.50 / $6,041.78 includes down payment, first monthly payment, security deposit of $0, tire & battery levy, A/C tax, freight and P.D.E. and taxes. Total freight and P.D.E. is $1,455.00. Total lease obligation is $27,611.31 / $18,791.97 / $30,003.19 / $21,337.46. Taxes, license and insurance are extra. Option to purchase at lease end for $14,608.00 / $10,406.00 / $17,336.00 / $13,478.00 plus taxes. Odyssey lease calculated with interest rate of 4.9% / Element and CR-V 1.9% / Pilot 2.9%. *1.9% purchase financing is available on all in-stock 2006 Odysseys, Elements, Pilots and CR-Vs for up to 36 months. Representative finance example based on a 2006 Element, model YH1726PL: $25,655.00 at 1.9% per annum equals $733.71 per month based on a 36-month term. C.O.B. is $758.41 for a total obligation of $26,413.41. Offers valid from September 1st, 2006 through September 30th, 2006 at participating dealers only. See participating dealer for details. ∆Free Gas For A Year offer equates to $2,360.00 on Odysseys; $2,691.00 on 2006 Pilots. Fuel cost amount is fixed and has been determined as follows using 2006 EnerGuide ratings: a) estimate of annual fuel consumption is based on 2006 Odyssey and Pilot with 3.5L engine and automatic transmission driving a distance of 20,000 km with a mix of 55% city driving and 45% highway driving. A detailed calculation of annual litres used is available at www.vehicles.gc.ca b) fuel cost estimate is $1.103 per litre which is the Canadian national 4-week average cost of fuel up to the week of July 31st, 2006. Offers subject to change by manufacturer at any time. May not be combined with any other promotion. MSRP includes freight and P.D.E. of $1,455.00. Taxes extra. Dealer may sell/lease for less. Based on the retail value of installed additional equipment and price difference of CR-V SE, model RD7756EX versus 2005 CR-V LX, model RD7755E with accessories installed. Visit safercar.gov and iihs.org for details. See dealer for 2006 EnerGuide or visit vehicles.gc.ca