2003-02_skytalk

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* YVR is the international aeronautical designation for Vancouver International Airport. Cell Phone Rentals Cell Phone Rentals Call 604-671-4655 100-Year Anniversary of Flight Celebrations At Vancouver’s Space Centre I n celebration of the invention of powered, controlled flight in 1903, Vancouver’s H.R. MacMillan Space Centre is planning a special program that will focus on the progress of aviation from Kitty Hawk to the orbiting International Space Station. This 100 - Year Anniversary of Flight programming includes new shows in the Planetarium Theatre, GroundStation Canada Theatre and Virtual Voyages Simulator. In the Planetarium Star Theatre, Flying into the Future - 100 Years of Flight and Beyond premieres at 11:00 a.m. and 4:00 p.m. on March 15. Throughout history, humans have looked up to the sky and won- dered how to explore its limitless reaches. This brand new 40-minute multimedia presentation focuses on Canadian innovation and aviation technology, follow- ing the history of flight from early Greek legend to the Wright Brothers and beyond. From Kitty Hawk to the International Space Station and the possibility of astronauts exploring Mars, the future of flight holds no boundaries as we continue to reach further and higher with the science of advanced space travel. SEE SPACE CENTRE CONTINUED ON PAGE 2 FEBRUARY 2003 • Your Airport Community Newspaper – Vancouver International Airport FREE T he Merchants at YVR celebrated the Feb. 1, 2003, start of the Chinese New Year-Year of the Ram (sheep, goat) – with the traditional Lion Dance per- formance. Lion dances take place throughout the first few days of the Chinese New Year in order to bring good luck to the households and businesses which they visit. The Lion Dance is performed by two ‘dancers’ one at the head and the other at the tail of the lion. The dance is accompanied by loud music played on a large drum accompanied by a gong and cymbals to dispel evil and bring good luck – evil being afraid of loud noises. The dramatic climax of the Lion Dance is the Choi Cheng or ‘Picking the Green.’ The green referring to vegetable leaves which are tied to a piece of string, which also has a red packet attached containing money. SEE YEAR OF THE RAM CONTINUED ON PAGE 2 W estJet has announced that it is adding service to three new destinations, including non-stop summer service starting July 21 between Vancouver and Montreal with one-way fares starting at $265. Other new destinations announced include: St. John’s and Gander, NFLD. Clive Beddoe, WestJet’s president and CEO said: “We are pleased to announce the addition of three new cities to our network. Our service into Quebec and Newfoundland marks WestJet’s launch into our eighth and ninth Canadian provinces, allowing us to con- nect Canadians from coast-to-coast with WestJet’s signature low fares and great ser- vice.” Four flights a week between St. John’s and Moncton, NB, with connecting service through Moncton to 16 additional WestJet destinations will commence June 16, 2003 and starting June 17, 2003 three flights a week will be offered between Gander and Moncton. Three non-stop Montreal-to-Hamilton flights each business day will start July 17, 2003, with twice-daily service on week- ends. With these additional destinations WestJet will have increased its service to 26 Canadian cities in total. “These announcements are signs of our continued commitment to expand our low- fare service to every major city in Canada, which demonstrates the underlying strength of WestJet as we continue to expand while others shrink,” said Beddoe. Challenging Careers in Emergency Response Airport Authority Takes Over Services V ancouver International Airport Auth- ority is undertaking the transition of airside emergency response services at Vancouver International Airport (YVR) to be incorporated within the Airport Authority’s airport operations department. The transition includes the recruiting and training of a highly skilled team of Emergency Response Specialists (ERS). Phase one of the recruiting process has been completed with the Airport Authority seeing more than 900 appli- cants by the application deadline of February 14. As a critical component of the Airport Authority’s airside safety management team, emergency response specialists will be fully trained in, and perform duties in the areas of airfield operations, aircraft rescue firefighting and incident first response. General duties of the emer- gency response specialists are as follows: • To respond to airside aircraft emergen- cies. To provide first response to non-aircraft, airside emergencies that pose an imme- diate threat to life or health. • To maintain the personal ability to per- form ERS duties at or above the stan- dards established by Transport Canada and the Airport Authority. SEE EMERGENCY RESPONSE CONTINUED ON PAGE 2 WestJet Adds Daily Non-Stop to Montreal Traditional dragon dance brings good luck for the New Year. YVR Merchants Usher in Year of the Ram

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Page 1: 2003-02_skytalk

* YVR is the international aeronautical designation for Vancouver International Airport.

Cell Phone Rentals Cell PhoneRentals

Call 604-671-4655

100-Year Anniversary of Flight Celebrations At Vancouver’s Space Centre

In celebration of the invention of powered, controlledflight in 1903, Vancouver’s H.R. MacMillan SpaceCentre is planning a special program that will focus

on the progress of aviation from Kitty Hawk to theorbiting International Space Station. This 100 - YearAnniversary of Flight programming includes newshows in the Planetarium Theatre, GroundStationCanada Theatre and Virtual Voyages™ Simulator.

In the Planetarium Star Theatre, Flying into theFuture - 100 Years of Flight and Beyond premieres at11:00 a.m. and 4:00 p.m. on March 15. Throughouthistory, humans have looked up to the sky and won-dered how to explore its limitless reaches. This brandnew 40-minute multimedia presentation focuses onCanadian innovation and aviation technology, follow-ing the history of flight from early Greek legend to the

Wright Brothers and beyond. From KittyHawk to the International Space Station andthe possibility of astronauts exploring Mars,the future of flight holds no boundaries aswe continue to reach further and higher withthe science of advanced space travel.

SEE SPACE CENTRECONTINUED ON PAGE 2

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

The Merchants at YVR celebrated the Feb. 1, 2003,start of the Chinese New Year-Year of the Ram(sheep, goat) – with the traditional Lion Dance per-

formance. Lion dances take place throughout the firstfew days of the Chinese New Year in order to bring goodluck to the households and businesses which they visit.

The Lion Dance is performed by two ‘dancers’ one atthe head and the other at the tail of the lion. The danceis accompanied by loud music played on a large drumaccompanied by a gong and cymbals to dispel evil andbring good luck – evil being afraid of loud noises.

The dramatic climax of the Lion Dance is the ChoiCheng or ‘Picking the Green.’ The green referring tovegetable leaves which are tied to a piece of string,which also has a red packetattached containing money.

SEE YEAR OF THE RAMCONTINUED ON PAGE 2

WestJet has announced that it is addingservice to three new destinations,including non-stop summer service

starting July 21 between Vancouver andMontreal with one-way fares starting at$265.

Other new destinations announcedinclude: St. John’s and Gander, NFLD.

Clive Beddoe, WestJet’s president andCEO said: “We are pleased to announce theaddition of three new cities to our network.Our service into Quebec and Newfoundlandmarks WestJet’s launch into our eighth andninth Canadian provinces, allowing us to con-nect Canadians from coast-to-coast withWestJet’s signature low fares and great ser-vice.”

Four flights a week between St. John’sand Moncton, NB, with connecting servicethrough Moncton to 16 additional WestJetdestinations will commence June 16, 2003and starting June 17, 2003 three flights aweek will be offered between Gander andMoncton.

Three non-stop Montreal-to-Hamiltonflights each business day will start July 17,2003, with twice-daily service on week-ends.

With these additional destinationsWestJet will have increased its service to 26Canadian cities in total.

“These announcements are signs of ourcontinued commitment to expand our low-

fare service to every major city in Canada,which demonstrates the underlying strength

of WestJet as we continue to expand whileothers shrink,” said Beddoe.

Challenging Careers in Emergency ResponseAirport Authority Takes Over Services

Vancouver International Airport Auth-ority is undertaking the transition ofairside emergency response services at

Vancouver International Airport (YVR) tobe incorporated within the AirportAuthority’s airport operations department.

The transition includes the recruitingand training of a highly skilled team ofEmergency Response Specialists (ERS).

Phase one of the recruiting process hasbeen completed with the AirportAuthority seeing more than 900 appli-cants by the application deadline ofFebruary 14.

As a critical component of the AirportAuthority’s airside safety management

team, emergency response specialists willbe fully trained in, and perform duties inthe areas of airfield operations, aircraftrescue firefighting and incident firstresponse. General duties of the emer-gency response specialists are as follows:• To respond to airside aircraft emergen-

cies.• To provide first response to non-aircraft,

airside emergencies that pose an imme-diate threat to life or health.

• To maintain the personal ability to per-form ERS duties at or above the stan-dards established by Transport Canadaand the Airport Authority.

SEE EMERGENCY RESPONSECONTINUED ON PAGE 2

WestJet Adds Daily Non-Stop to Montreal

Traditional dragon dance brings good luck for theNew Year.

YVR Merchants Usher in Year of the Ram

Page 2: 2003-02_skytalk

2 • F E B R U A R Y 2 0 0 3

OFFICE SPACEFOR LEASE

Contact:Wayne Duzita: [email protected] Caven: [email protected]: (604) 273-4611; Fax: (604) 273-5624

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VA N CO UV E R • CA LGA RY • E DMO N TO N • SAS KATO O N • WI N N I P E G • L A S V E GA S • R E N O

If you are looking for well-appointed officespace at budget prices, call us today.Office space now available from 300 sq. ft. to1,800 sq. ft. to suit your requirements.Shop and Storage area also available from500 sq. ft. to 10,000 sq. ft., strategically situated airside at YVR’s southside, 5400Airport Road South, Richmond.

You Can’tBeat These

Base Rates at$8.00 per sq.

ft. per annum Year of the Ram, CONTINUED FROM PAGE 1

Space Centre, CONTINUED FROM PAGE 1

Emergency Response, CONTINUED FROM PAGE 1

The simple brick hut was built in 1911 and can be found at Brooklands,Weybridge, England. It was operated by Keith Prowse Ltd. Up to WorldWar I. Photo: Patrick Stewart

The string is hung above the doorof a house or business and the lion‘eats’ both leaves and red packet.

At YVR, a head of lettuce andred envelope were hung aboveeach participating merchant’s out-let. The lion dancers grabbed thelettuce and envelope hangingabove each unit and threw piecesof lettuce, as a sign of good luckand prosperity for the upcomingyear, for employees to catch.

In the GroundStation CanadaTheatre, a new live presentationSpace: A Dangerous Place - Pilotedversus Unpiloted Spaceflight pre-mieres at 12:30 p.m. and 3:30 p.m.on March 15. This 20-minute liveshow examines the differencebetween the ways space is explored,shifting the idea of exploration froma trip to the corner store, all the wayto Mars and the hazards involved inboth. Topics include an explanationof piloted versus unpiloted spaceflight and where and when each issent. Also included is an interestinglook ahead to the future challengesof space exploration and some of theexciting new forms of space craftand propulsion technology that

might allow us to eventually travelto the edge of our solar system.

The return of the popular VirtualVoyages™ Full Motion Simulatorride Wings also marks the 100-yearAnniversary of Flight celebrationsat the Space Centre. Soar to adven-ture with a variety of military air-craft from the legendary SopwithCamel to the modern day F-16Falcon. Wings will put you in thecockpits of history’s greatest flyingmachines, allowing you to experi-ence first-hand the thrill of aviationas you strap in as a test pilot to pushthe limits of each aircraft. Wingspremieres on March 15, at 10:15a.m.

“The invention of the airplanewas a fundamental turning pointin history. It redefined the waywe fought our wars; revolution-ized travel and commerce; fueledthe process of technologicalchange; and helped shape theworld in which the very survivalof a nation would depend on itsscientific and technical prowess.Flight is, and will continue to be,one of humankind’s most signifi-cant accomplishments.”

- U.S. Centennial Flight Commission

• To support, participate in and initi-ate airside safety and security man-agement activities.

• To perform pre-planning and fireprevention inspections of airsidefacilities, and to provide informa-tion about and participate in activi-ties designed to increase awarenessof the airside community regardingsafety and security issues.

• To maintain airside areas of the air-port in a safe condition through theremoval of hazards, debris, litterand snow, using heavy and lightequipment.

“It’s a demanding position, andwe’re looking for high calibre indi-viduals,” said Craig Richmond, VicePresident, Airport Operations. “They

must be motivated, enthusiastic, orga-nized and decisive, have a provenrecord of working effectively as partof a team and possess excellent com-munications skills.” He added thatmultiple skills from varied back-grounds will be required to build ahigh performance, diverse team ofemergency response specialists.

“We fully expect that some of thepositions will be filled from withinthe Airport Authority, with the restselected from outside applicants,”Richmond said.

Training of the new ERS team willbegin sometime in the spring, and the24-person team will begin operatingin 2004.

Marianna Mah and David Mah participated inthe 2003 Chinese New Year opening ceremonyat YVR by dotting the eye of the dragon-per-formed before the start of the dance to awakenthe spirit of the lion.

World’s First Flight Ticket Office

World’s First Flight Ticket Office

Page 3: 2003-02_skytalk

The Airport Authority and many of our businesspartners here at YVR are proud supporters ofVancouver’s bid to host the 2010 Olympic andParalympic Winter Games. We’re excited about theprospects of welcoming the world to our province andthe enormous benefits that staging the OlympicGames will provide to all British Columbians.

The 2010 Games are an investment in our commu-nity and in our future. An independent economicimpact study completed recently estimated that theGames, together with an expanded convention centre,will generate incremental tax contributions totalling upto $2.6 billion. The study also estimated that econom-ic activity across all sectors in B.C. will increase bymore than $10 billion, generating some 244,000 newjobs.

The worldwide exposure that British Columbia willgain through staging the Games is equally staggering.The 2002 Salt Lake City Games attracted a worldwidetelevision audience of 3.5 billion. Staging the 2010Games will provide billions of dollars worth of globalmedia exposure for B.C. destinations and businesses,providing a massive boost for our tourism industry.

The Games will be a catalyst for infrastructure plan-ning and improvements that will benefit our communi-ties for years to come. New or upgraded sporting facil-ities will be used for training and future competitionsfollowing the Games. The athlete villages will provide

affordable housing units in both Vancouver andWhistler.

The impact goes beyond dollars and infrastructureimprovements. The opportunities and rewards ofbeing the Host City extend far beyond the realm ofsports and include arts, culture, tourism, business,education, technology, environmental science and somuch more.

The Games are also about dreams – the dreams ofathletes across this country who train relentlessly forthe opportunity to represent Canada on the worldstage. Their dedication and drive is an inspiration to usall. The Games are also about community spirit andpride. Vancouver has the people, the resources and theability to stage an event that can serve as the standardby which future Olympic Games are measured.

Next month Vancouver and Whistler will welcome adelegation from the International Olympic Committee.The visit is a critical component in the process of eval-uating Candidate Cities to stage the Games. They willsee, first-hand, what 2010 supporters already know –Vancouver has submitted a superior bid.

On February 22, the City of Vancouver is holding aplebiscite on its participation in the 2010 Games. Ifyou live in Vancouver, I urge you to vote yes in favourof the 2010 bid. Together, we can create a positivelegacy that will last for generations.

F E B R U A R Y 2 0 0 3 • 3

Your Airport Community NewspaperFEBRUARY 2003 ISSUE • VOL. 10 • NO. 4

YVR SKYTALK, the official newspaper of the Vancouver International Airport, is published monthly by Westco Marketing Ltd. for the morethan 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.

VANCOUVER OFFICE:

Suite 306 - 5400 Airport Road South

Richmond, BC V7B 1B4

Tel (604) 736-6754 • Fax: (604) 736-6750

Email: [email protected]

Printed on Recycled Stock using vegetable based inksPlease recycle this product.

Publisher: Patrick StewartAssociate Publisher: Joan Stewart

Editorial Liaison: Ralph EastmanEditorial Board: John Korenic, Heather Madden-Johns,

Ralph Eastman,Ali Hounsell, Kim Abrams, Erin Sills

Contributing Writers: Arnold Klappe, Phil Melnychuk, Jim Jorgenson

Creative / Production: James MartinPhotography: Jim Jorgenson

ASSOCIATIONOF AIRPORT

PUBLICATIONS

P.O. Agreement #1676261

PRESIDENT’S CORNERBy LARRY BERG, President and Chief Executive Officer

Olympic Games – It’s Our Time To Shine

CHECKOUT

YVR’S WEBSITE AT WWW.YVR.CA

2003 A Hundred Years of Flight

By Giovanni Bisignani

Aviation is celebrating its centenni-al year. We pay tribute to theWright Brothers who made the

first dream of flight come true and toall those who carried that vision for-ward, flying further and faster overthe last 100 years.

From its first brave beginnings totoday, the civil aviation industryremains dynamic and although someof the priorities have changed, thespirit and passion remain.

Some priorities are not new: safe-

ty, the need for efficient operations,adequate capacity to meet growthand, of course, customer satisfaction.Other priorities have gained promi-nence in recent years – security, warrisk insurance and environmentalconcerns – and will remain importantto us in the coming years.

Despite this difficult period in ourindustry’s history, we must look

ahead with confidence to thenext 100 years. The people

involved in aviation are ourgreatest asset. Their creativ-ity and willingness toinvest in new ideas willmove our industry forward.Whether we are flyingfaster than the speed of

sound, or moving 600 pas-sengers at once, or even vaca-

tioning on the moon, it is peoplethat will make it happen.Looking back, we salute the first

aviators whose tenacity brought us towhere we are today. Looking at today,we salute the dedicated individualsand industry partners working withdetermination to achieve a strongrecovery.

Looking forward, we salute ourfuture pioneers and the visions theywill turn into reality.

Giovanni Bisignani is the directorgeneral and CEO of IATA

(International Air TransportAssociation).

Orville Wright’s famous first airplane flight, Kitty Hawk, North Carolina,December 17, 1903.

Designed in close collaboration withmajor airlines, airport and airworthi-ness authorities, the A380, whichwill enter airline service in 2006,will seat 555 passengers in a typicalthree-class interior layout

Page 4: 2003-02_skytalk

Alaska Airlines has slashed its high-est fares by nearly 50 percent in avariety of markets as part of a test

to see if a simplified fare structurewill lure business travellers back tothe skies.

“We’re going to test the theory thatthe convoluted nature of airline pric-

ing is a major deterrent to flying,”said Gregg Saretsky, executive vicepresident of marketing and planning.“This will provide the best value toour customers and at the same timesimplify the fare structure.”

Starting this month, business faresthat require little or no advance pur-

chase or minimum stay have beenreduced by hundreds of dollars onroutes such as Vancouver, BC to SanFrancisco, Seattle-Boston, Anchor-age-Chicago, Seattle-Las Vegas,Portland-San Francisco andOntario-Seattle, Seattle-Miami.

First Class fares in those marketshave also been cut dramatically.

“A sluggish economy, coupledwith the aftershocks of 9/11, hasgiven rise to a troubling fact that hashelped put the airline industry on itsback: Many business travellers are nolonger flying and those who are flyingoften modify their itineraries in orderto qualify for the lowest possiblefare,” Saretsky said.

For instance, the lowest-pricedbusiness fare, which requires only athree-day advance purchase, has beenslashed from US$839 to US$499 fortravel between Seattle and Boston,and between Anchorage and Chicagoit is US$574, down from US$1,073.

On the West Coast the Vancouver-San Francisco fare dropped fromUS$306 to US$189.

Another idiosyncrasy of the tradi-tional airline fare structure is the exis-tence of as many as 15 or more differentfares between the same two cities. The

new structure reduces the number ofindividual coach fares to as few as six.

Fares do not include the airportpassenger-facility charges of up toUS$18 (amount depends on itiner-ary); Federal segment tax of US$3.00per segment and the September 11thSecurity Fee of US$2.50 per enplane-ment (up to US$10).).

Canadian fares do not includeCanadian airport improvement fees(varies by airport), Canadian Security

Fee of US$8, U.S. immigration fee ofUS$7.

All fares are subject to changewithout notice and other restrictionsmay apply.

Alaska Airlines was just named2003 Technology Leader of the Yearby Air Transport World magazine.

Alaska and its regional partner,Horizon Air, together serve more than80 cities in the Lower 48, Alaska,Canada and Mexico.

4 • F E B R U A R Y 2 0 0 3

Planning is KeyWhether you are doing a flight plan, a maintenance plan, or aservice plan, you know the importance of planning. So call aninvestment professional to review your mutual fund investmentportfolio. We can show you how mutual funds can help you reach

your goals for retirement planning, estate planning, and education planning. CallPeter Kutney today at 604-438-1603.

Read a fund’s prospectus and consult your investment professional before investing.Mutual funds are not guaranteed; their values change frequently, and past performancemay not be repeated. Investors will pay management fees and expenses, may pay com-missions or trailing commissions and may experience a gain or loss.

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Pilot Career &Interview Seminar

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This one-day seminar has been developed to help pilots to achieve their career goals. Topicsinclude: The Canadian Aviation Industry Today, Small Charter Interviews, Résumé Critiques,Preparing a Professional yet Competitive Résumé, Effective Cover Letters, Application Forms,What the Airlines and Charters Look For, Charter and Airline-Specific Hiring Practices,Securing an Interview, Dress Standard, The Latest Personal and Technical InterviewQuestions, Common Failure Areas, Answering Challenging Questions, The SimulatorEvaluation, Company Medical Exam, and much more.

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Introducing:

Alaska Airlines Cuts Business FaresVancouver-San Francisco Slashed 38%

Aviation Student Bursary – Call for NominationsThe Quarter Century in Aviation Club has established a

$500 Bursary to provide assistance to a deservingBritish Columbia aviation student. Applicants must

be Canadian citizens, with at least 50 per cent of theircourse completed.

Closing date is February 28, 2003.For information apply to: Secretary, Quarter Century

in Aviation Club, 21030 45th Avenue, Langley, BC, V3A

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Page 5: 2003-02_skytalk

F E B R U A R Y 2 0 0 3 • 5

Ottawa Joins List of Jetsgo DestinationsJetsgo is expanding its network to

Ottawa and improving service inVancouver and Timmins, Ont.

This growth will be made possiblewith the addition of a seventh BoeingSuper 80 jet to the airline’s fleet,extending service to an increasingnumber of Canadians.

A weekday Ottawa-Torontoschedule begins on March 3 withtwice-daily return flights, plus onereturn flight on Sundays. This pro-vides a flexible schedule for bothbusiness and leisure travelers.Connections from Toronto are avail-able to Vancouver, Winnipeg, NewYork, Timmins, Halifax andCharlottetown.

“Ottawa is the largest market inEastern Canada where Jetsgo is notyet flying,” said Michel Leblanc,president of Jetsgo. “This destina-tion will open up new routes andconnections across our network,while offering Jetsgo’s economicalservice to over one million peoplein the Ottawa-Gatineau region. Wewanted to be able to effectivelyservice a city of Ottawa’s sizebefore adding it to the Jetsgo fam-ily. With the addition of our sev-enth plane, we now have that capa-bility.”

Vancouver will also benefit fromthe addition of three weekly Torontoflights, starting March 2, whileTimmins is improving its weekdayschedule to Toronto, allowing forconnections to Ottawa, Montreal,New York and Vancouver.

Examples of Jetsgo fares fromOttawa include Toronto starting at$64, Winnipeg starting at $122,Vancouver starting at $196 and NewYork starting at $113. These fares arethe lowest available to Canadian con-sumers on these routes.

Jetsgo’s first-ever flight took offon June 12, 2002. Since that time, fivenew destinations and four additionalplanes have contributed to the air-line’s goal of being the leading dis-count carrier in Eastern Canada.

“We have been able to grow prof-itably since our launch with the sup-port of customers looking for anaffordable air travel alternative,” saidLeblanc.

Jetsgo reported strong traffic sta-tistics for December 2002, flying52,551,491 Revenue Passenger Miles(RPMs) or 67,366,080 Available SeatMiles (ASMs). This represents a loadfactor of 78 per cent, an increase overNovember’s 69.3 per cent.

The Jetsgo fleet now consists ofseven Boeing Super 80s operating in a160-seat configuration. The Super 80is one of the most efficient jets in the

marketplace, operating with excellentfuel economy, low maintenancerequirements and a quiet, comfortablecabin.

Cabin crews on all Jetsgo flights

are bilingual, providing an added ben-efit for markets such as Ottawa andTimmins.

Headquartered in Montreal with250 employees, Jetsgo offers discount

air service to 10 Canadian destina-tions including Vancouver, Winnipeg,Toronto, Montreal and Halifax.Service to the United States is to NewYork and Ft. Lauderdale, Fla.

RRSP-Eligible MIC Provides Investment Alternative AdvertorialBy Don Bergman

Don Bergman is founder, president and portfolio manager for ACIC, an MIC that has paid itsshareholders between 6% and 10% annually since 1998. For a free brochure call toll free 1-866-772-ACIC

(2242) or visit the Web site at www.ACICinvestor.ca.

When anyone in Canada sets out on an airline for avacation, business trip or for work, they can feel quiteconfident in arriving secure and safe. However, wheninvesting today many may not have that same sense ofconfidence.

Over the past while, the drop in value of many equityportfolios has rattled investors. Furthermore, it appearsunsettled stock prices, stagnant bond markets, and lowinterest rates, may continue for a while yet.

It now makes sense for investors, planning for or try-ing to enjoy retirement, to be asking for investmentalternatives with less volatility and a better return.Consequently, it may be worthwhile to consider a realestate investment that’s been around for 29 years.

It is a tax-free Mortgage Investment Corporation alsoknown as a MIC. The investment structure for an MICwas passed into federal law in 1973 under theResidential Mortgage Financing Act.

The MIC was heralded back then as an opportunityfor small investors to participate in the mortgage loanmarket. Yet, today surprisingly few have any knowledgeof this type of RRSP-eligible real estate investment.

The details of this investment structure are spelledout in Section 130.1 of the Income Tax of Canada. Theguidelines outlined in the act must be strictly followed orthe MIC risks losing its tax exempt status.

Briefly, an MIC is a pool of investors that lends

money for the purchase or renovation of single family,multi-unit residential and commercial real estate. AnMIC should not be confused with a Real EstateInvestment Trust nor is it a mortgage broker. There areno brokerage fees.

An MIC pays out 100% of its net income to its pre-ferred shareholders. These payments could be in theform of quarterly cash dividends. Investors can expect areturn of between 6% and 10% per annum.

An investment in a MIC can be made directly with amortgage investment company or through the trustee ofan RRSP.

Each MIC manages the tolerance to risk differently.The management style, investment philosophy andstrategy of an MIC should be closely scrutinized andclearly understood.

One indicator to look for is the return on investment.Remember the old adage, “the higher the return thehigher the risk.” Ask to see the company’s offeringmemorandum or prospectus before investing.

An MIC investment may not be for everyone. It’s nota get rich quick scheme. Liquidity, as with most realestate investments, can be difficult.

If you are retired or planning for retirement and wantto supplement your income with a reliable quarterly cashdividend on preferred shares backed by the equity in realestate, an MIC investment may be for you.

The Ultimate Meeting Place By Joan Stewart

One of the more unique events that took place recentlyat Vancouver International Airport (YVR) was themarriage of Scott Huntley of North Vancouver to

Caryn Millett from Sydney, Australia.The couple, in true millennium fashion, met over the

Internet through a chat program in March 2001, and aftermany, many hours of writing and phone calls, they decid-ed to take the plunge and meet. It was decided that itwould be easier for Caryn to move to Vancouver and withsome trepidation she arrived at YVR on May 15, 2002.

The couple’s relationship progressed over the nextfew months, and seven months later they decided to bemarried on December 15, 2002. The location: thearrivals area of the International Terminal Building atYVR, their first meeting place.

Airport community relations manager, HeatherMcCarley-Tomlin secured permission for the couple toput up some decorations for the ceremony in the Arrivalsarea, the only restriction being on helium balloons.

“Though wehave had weddingsat the airportbefore, I alwaysfind it excitingwhen a couplechooses to cele-brate such a special day here,” said McCarley-Tomlin.“We wish Caryn and Scott the best of luck in their newlife together.”

The ceremony took place in the afternoon with Carynsimulating walking down the aisle and recreating herarrival in Vancouver at the arrivals area. Together thecouple walked hand-in-hand to a spot behind the arrivalsboard where a wedding commissioner performed themarriage service.

Coincidentally, Scott is originally from Liverpool,Nova Scotia, and the closest town to Sydney, Australia isa town also called Liverpool.

Left to right: Gisa Laslo, marriage commissioner, and thehappy couple, Caryn and Scott Huntley.

Page 6: 2003-02_skytalk

Have your nameplaced on theTrophy as the

ultimate player ofPool. Prizes will be

awarded with everyround – Canuck

Tickets andSouvenirs, Airport

Bucks or Dinner for Two.Stanley’s Happy LandingLounge will be featuring

specials on food and drink forgame nights.

Register by Feb 20th,Tel 604 273-4441 • Fax 604 303-3017

PLEASE SUBMIT YOUR COMPLETED REGISTRATION FORM TO THE BARTENDER AT

STANLEY’S HAPPY LANDING LOUNGE.

Registration Categories: (Please Circle) Singles Doubles(Tuesday Nights 6:00pm) (Thursday Nights 6:00 pm)

Name:_________________________________ Phone: ____________________________

Fax: __________________________________ Email:_____________________________

Company: ______________________________ If partner, please list:____________________

Register by Feb 20th, Tel 604 273-4441 • Fax 604 303-3017

• Qualifying Games BeginFebruary 25

• Quarter Finals BeginMarch 18

• Semi-Finals BeginWeek of Aprill 8

• ChampionshipWeek of April 15

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6 •

Local Emergency RespondersReceive Bravery Awards

(Left to right) Jeff Watts, Doug Gambicourt, and Clarke McGuire.

Three of the agency coordinatorsinvolved in the YVR’s “OperationLowTide” crash exercise last

September have received the RCMPCommissioner’s Commendations forBravery.

B.C. Ambulance veterans, ClarkeMcGuire and Jeff Watts, were com-mended for their courage, profession-alism and quick-thinking to assist theRCMP to disarm and administer firstaid to a suicidal, knife wielding indi-

vidual. Both of the RichmondAdvanced Life Support paramedicshave been active with YVR mockcrash scenarios and tabletop exercisesfor many years.

S/St. Doug Gambicourt, whoheads the RCMP Dive Team, wasawarded for his courage, profession-alism and compassion shown in hisrepeated search and rescue attemptsto evacuate the occupants of a burningbuilding.

Ledcor Industries recently receivedthree awards at the VancouverRegional Construction Association

Awards of Excellence ceremony. The Safety Award for 200,000+

man-hours in the General Contractorcategory was presented to Jim Billey,safety manager. Ledcor was the onlycompany to receive the award this year.

Contractor of the Year Award wentto Ledcor vice president, PeterHrdlitschksa, and project manager RoyVan Beest received the Award of Meritin the category of Best Project over$10M, for the Level 3 DomesticTerminal Building upgrade ofVancouver International Airport(YVR).

The YVR project consisted of amajor remodel of the departureslevel and included a complete gut-

ting of thed e p a r t u r e shall, the frontexterior walland entrancesback to theoriginal struc-tural frame.There was alarge structuralcomponent toseismically up-grade the build-ing, followedby completelynew mechani-cal, electricaland finishingworks.

The projectwas completed in 2002.

Ledcor Wins Award for Airport Project

Peter Hrdlitschksa,vice presidentLedcor Industries,won the 2002Contractor of theYear Award for workon Level 3 DomesticTerminal Buildingupgrade at YVR.

Page 7: 2003-02_skytalk

Alaska Airlines has announced anew partnership with CathayPacific Airways that allows mem-

bers of each airlines’ frequent-flyerprogram to earn and redeem miles onthe other carrier.

This is the first time that MileagePlan, Alaska’s frequent-flyer pro-gram, has partnered with an Asia-based carrier.

Cathay Pacific, headquartered inHong Kong, serves more than 60 des-

tinations in Asia, North America,Australia, Europe and Africa.

Beginning February 19, MileagePlan members will earn one mile foreach mile flown on Cathay Pacificplus a 25 per cent bonus for BusinessClass and a 50 per cent bonus for FirstClass. Later this spring, Mileage Planmembers will also be able to redeemmiles for travel on Cathay Pacific.

“We are particularly happy toinclude Cathay Pacific among ourmileage partners,” said GreggSaretsky, Alaska Airline’s executivevice president of marketing and plan-ning. “It is a pleasure to complementthe superior service we provide with a

quality partner such as CathayPacific, bringing exciting destinationssuch as Hong Kong, Singapore,Indonesia, Korea and Taiwan.”

In addition to Cathay Pacific,Alaska and Alaska’s sister airlineHorizon Air, Mileage Plan providesmileage-earning and award opportu-nities on a multitude of airlinesworldwide, including AmericanAirlines, British Airways, ContinentalAirlines, Hawaiian, KLM, Lan Chile,Northwest Airlines and Qantas.

To enroll or obtain informationabout Alaska Airlines Mileage Plan,visit alaskaair.com or call 1-800-654-5669.

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Alaska Airlines Partners With Cathay Pacific Airways

The Eskimo that has adorned thetail of all Alaska Airlines aircraftsince the early 1970s is taking a well-deserved vacation – at least on oneaircraft that is.

Instead, the faces of Disney’s mostrecognized theme park characters –Mickey and Minnie Mouse, DonaldDuck and Goofy – have taken to theskies on a newly-painted AlaskaAirlines Boeing 737-400 named the“Spirit of Disneyland.” This is thefirst time a major U.S. airline hasworked with Walt Disney Parks &Resorts to paint an aircraft withDisney theme park characters.

“It’s been more than a quarter of acentury since a face other than ourtrademark Eskimo has graced our air-craft,” said Bill Ayer, Alaska Airlines’president and CEO, referring to the

period when the images on Alaska’saircraft not only included an Eskimo,but also a Sourdough, Russian spiresand a Native totem. “And come tothink of it, it’s the first time four faceshave appeared on one of our aircraftat the same time.”

The exterior of the “Spirit ofD i s n e y l a n d ”aircraft ispainted brightblue with thecharacters’ images andthe words “We’re goingto Disneyland!” The interior of theplane has fun graphics and printedmessages from Disney charactersinside the overhead bins, and a com-memorative plaque at the forwarddoor. This Disney-themed jet will flythroughout most of Alaska Airlines’

route system, including flights to andfrom Southern California airports.

“The Disneyland Resort andAlaska Airlines have enjoyed a suc-cessful partnership for many yearsand we’re delighted to see this contin-ue in such an exciting way,”said Cynthia Harriss,president of the

Disneyland Resort. “This is an amaz-ing first for our company. We’re hon-ored to work with Alaska Airlines onthis flying ambassador of happiness.”

The plane, which holds 138 pas-

Mickey, Minnie, Donald and Goofy Take To The Skies

SEE DISNEYCONTINUED ON PAGE 10

Page 8: 2003-02_skytalk

Although it’s the investing equiva-lent of swimming upstream,putting your money into the least

popular market sectors is likely to get

you further ahead than by followingthe crowd. Last year was a terribleperiod for equity investors, and thecurrent Iraq situation is making many

people nervous. But before you put allof your RSP into bonds and money-market funds, consider the following.

Research suggests that people who

invest in the least popular sectors ofthe market tend to do better than thosewho follow the crowd. Time aftertime, highly emotional investors paytoo much for the exciting “flavor orthe month” stocks and industries, andignore the “down-in-the-dumps”dogs, not leaving enough room forunexpected gains.

This “ugly duckling” theory issupported by a recent study byMorningstar, Inc., which found thatinvesting in the three unpopular fundcategories from a given year andholding on for three years has been aprofitable strategy for investors whohave the courage to swim against thetide. This strategy has beaten the aver-age equity fund over the followingthree years 70 per cent of the time.

Another recent study by MelvynTeo and Sung-Jun Woo of Harvard,reaches a similar conclusion: past per-formance of mutual fund investingstyles are inversely related to futurestock performance. The portfolio inthe style category with the worst per-formance over the previous two yearsbeat the S&P 500 index in the follow-ing year, whereas the portfolio in thebest performing category under-per-formed.

Although the unpopular categoriesvary widely each year, this bottom-feeding process does seem to pay offmore often than not. There are, how-

ever, a few words of caution to heed.• Buy one fund from each of the

unpopular groups. Clearly not everydowntrodden category will rally dur-ing the next year, so a small stake ineach group will make a difference.

• Limit the investment: To executethis strategy, investors must oftenpick funds in highly volatile sectors.Thus, we would suggest limitingthis approach to a maximum of fiveper cent of your portfolio.

• Pay attention to fundamentals.Investors who applied this strategyin 2001, and bought technology andtelecom funds are seeing huge loss-es, offset only partially by thePacific Rim area. A careful look atthe price earnings ratios/ price-to-book ratios would have told you thatduring 2001, large technology andtelecom companies were still over-priced—a carryover from the grossover-valuation of 1999-2000.

• For 2003. Avoid gold funds, energyfunds, bond funds, and incometrusts. Consider investing in broadlybased International funds, US Valuefunds, corporate bond funds andCanadian Equity funds. The veryaggressive investor might considertech/telecom funds.

Peter Kutney is a Financial Plannerwith Equinox Financial Group in

Burnaby. He can be reached at 604-438-1603 or at [email protected].

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Air Fair 2003Come and join us in a frank discussion on the present state and

future of flight operations in Canada.

March 22, 200317:30 hrs

Richmond Inn, Conference Centre7551 Westminster Hwy. Richmond

Air Fair 2003 will inspire and motivate aspiring pilots in British Columbia. Byconferring one on one with Flight Operations and Training Managers, aspiring pilotswill gain invaluable insights and information. This will enable attendees to formulate agame plan with realistic goals to advance their career.The evening will begin with a networking session where participants may interact withflight departments’ representatives from participating airlines. Flight departments arebeing represented by operations managers, chief pilots and training managers.The evening will progress to enjoying the inspiring words from the following guestspeakers.

PAT KENNEDY Operations Manager, Pacific Flying Club. The State of aviation inCanada and how it affects you, the pilot.

JOHN MONTGOMERY President, Professional-IFR. The importance of attaining yourlicenses and a game plan.

TOM ZEISER President, Pegasus Presentations, Professional Speaker. Being the bestthat you can be and enjoying the moment.

Three Air Canada “Heavy” captains will conduct a spirited discussion that willencompass their humble beginnings as flight instructors fumbling along, theindustry’s pitfalls, opportunities, and wisdom that has come from decades ofexperience.

Become informed, ignited and inspired.

Purchase tickets at the following outlets:Pro-IFR, Aviation World, or by calling 604-274-3153

Advance tickets: $35.00 • Door purchase: $45.00

www.pegasuspresentations.come-mail: [email protected]

Page 9: 2003-02_skytalk

Actions by quick-thinking airportemployees have resulted in thearrests of two vandals and a bag-

gage thief.Jai Porter, a former Airport

Authority employee, was walkingthrough the parkade in Januarywhen he saw two people kicking

and vandalizing cars. He contactedthe RCMP immediately, keepingthe two under surveillance untilthe police arrived. Both werearrested.

Bhupinder Jaswal, an employee ofSBM Services Ltd., witnessed a manattempting to steal a laptop computer

from a baggage cart in theInternational arrivals area. The RCMPwas contacted, and police recoveredthe computer and arrested the man.

In December, two other SBMemployees, Paramjit Uppal andKulwant Sandhu (who has since leftthe company), witnessed two appar-ently lost passengers setting off anemergency exit door alarm to gain

illegal entry to a restricted area. Theystopped the passengers and held themuntil security arrived.

Vancouver International AirportAuthority began a program two yearsago of recognizing those who takethat extra step and act on securityconcerns they see around them. All ofthese individuals received commen-dations.

F E B R U A R Y 2 0 0 3 • 9

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AOC Honours Former Airport Employees

Last month, the YVR Airline Operators Committee (AOC) honoured threemembers of the airport community who were transferred from YVR to newduties in other locations. Presentations to the three honourees were made at

the Richmond Inn by the AOC, Canada Customs and CARA.

Photo: left to right – Francis Parkinson, now general manager of Fairmont Waterfront Hotel, for-merly overseeing the startup of the Fairmont Vancouver Airport Hotel; Remo Ditomaso, CathayPacific Airlines, chair of the AOC; Roy Gammon, of American Airlines, transferred to Oakland, CAfrom YVR; Steve Gilbert, officer-in-charge, US Customs Service, transferred to Portland, OR; DeanMcCunn, of Air Transat, vice-chair of the AOC; and Andrew Fiddis, CARA Flight kitchen, secretaryof the AOC.

Congratulations to Rebecca Limfrom Richmond, who was thelucky winner of airfare for two to

any Air Canada destination in NorthAmerica, compliments of the airline.Lim’s name was automaticallyentered in a draw when she voted onher favourite Christmas tree by dona-tion.

Thirty elementary school classesdecorated Christmas trees at the air-port to raise funds for the CKNWOrphans’ Fund. The trees were hungon the columns lining theInternational Terminal for the entiremonth of December. The votingresults were as follows:1st-Brighouse Elementary, Richmond2nd-Hastings Elementary, Vancouver

3rd-Garibaldi Annex, Vancouver4th-Strathcona Elementary,Vancouver5th-Pebble Hill Elementary,Tsawwassen.

More than $10,000 was raised forthe CKNW Orphans’ Fund.

Bill Devlin (right), Air Canada andRebecca Lim, grand prize winner ofthe Children’s Christmas TreeDecorating Contest.

Christmas Tree ContestAids Orphans’ Fund

Jai Porter

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Airfield Team MarksSafety AchievementThe Airport Authority’s Airfield

Operations department celebrateda significant milestone on January

20 - three consecutive years without alost-time injury.

“When you take into account thenature of their work and heavy equip-ment involved, it is quite a consider-able safety achievement,” said ArnieJassman, superintendent, AirfieldOperations. “Not many airports canboast about a record like this.”

The 19-person team is responsiblefor round-the-clock maintenance ofthe airport’s runways, taxiways,aprons, fields, dykes and drainagesystems.

“This is an excellent measure of thesuccess of our training and safety aware-ness program,” Jassman added.

Page 10: 2003-02_skytalk

Washington State is luringCanadians across the border byproviding attractive rates until

May, 2003. Visiting Canadians willfind at par programs, discount pack-ages and two-for-one offers foraccommodation, transportation andshopping from Bellingham to Seattle.

“We would like to reassureCanadians that they are welcome inWashington and that we are findingways to help them stretch theirCanadian dollar,” said CarrieWilkinson Tuma, media and tradeprogram manager.

Here are some of the discountsbeing offered:

Bellingham’s Best Buys, aBellingham/Whatcom CountyConvention & Visitors Bureau pro-gram: Canadians receive up to 50 per

cent off regular lodging rates, in effectuntil April 30, 2003. Call (888) 261-7795 or reserve on-line atwww.bellingham.org.

Seattle Super Save Package, aSeattle Convention & Visitors Bureauprogram. Offering up to 50 per centoff regular room rates at more than 40,downtown Seattle hotels, in effectuntil March 31, 2003. Rates rangefrom US$59-$189 per room. Call(206) 461-5882 or book on-line atwww.seattlesupersaver.com.

Rooms At Par, a SnohomishCounty program. Offered in 12 differ-ent hotels when guests pay for theirroom by credit card-kids stay free.Includes free parking and free localshuttle to area shopping centres andrestaurants. In effect until May 31,2003. Snohomish County, 20 km

north of Seattle includes Arlington,Edmonds, Everett, Lynnwood,Marysville and Snohomish.

Amtrak provides a free compan-ion fare (buy one ticket and a com-panion rides free) on any AmtrakCascades route between Vancouverand Eugene, OR during the sametime period for Rooms At Par par-ticipants. Call (888) 557-2889 forhotel reservations, www.RoomsatPar.com. For train sched-ules call 1-800-USA-RAIL or visit

www.amtrakcascades.com.At Par Rates, a Preferred Hotels

& Resorts program. At par rates forCanadians until March 31, 2003.Hotels include Resort Semiahmoo,Blaine; The Willows Lodge,Woodinville; Woodmark Hotel,Kirkland/Seattle; and Sorrento Hotel,the newly renovated downtownSeattle hotel. Rates start fromUS$129.

Other At Par Facilities: CamanoIsland Waterfront Inn, Puget Sound,

offers rooms at par until May(Sunday-Friday). Two-night mini-mum excluding holidays. Recentlyrated among the top five B&Bs in theU.S. Located one hour north ofSeattle.

Pacific Plaza Hotel in downtownSeattle, at par rates from US$69 untilApril 30, 2003.

The States Inn & Ranch, FridayHarbor on San Juan Island, offering atpar rates until May 15, 2003, withsavings of up to US$100 per day.

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Improved Web site forSkiers and Snowboarders

The Canadian Ski Council hasrevamped its Web site to provideskiers and riders with all the informa-tion they need with one simple clickof the mouse.

“Our Web site is now more acces-sible, convenient and consumer-friendly,” reports Colin Chedore,president of the Canadian SkiCouncil. “We’ve endeavoured tomake this site a one-stop shop forskiers and snowboarders.”

Skiers and riders can click onwww.skicanada.org andwww.canadasnowboard.org to accessthis bilingual site that is the portal toall things related to skiing and snow-boarding in Canada.

If you’re looking for any informa-tion about skiing and snowboarding,

these Web sites are a great place tostart. If you don’t find what you’relooking for, you will get connected toa source that can help you get theanswers you need.Discovering Kahlo’s World

With the success of the recentlyreleased Miramax Films “FridaKahlo.” tourists visiting Mexico Citycan learn more about the amazing lifeand works of the artist while explor-ing her homeland.

Mexico City’s better-known muse-ums associated with the artist are:• Frida Kahlo Museum / Casa Azul

(Blue House) in Coyoacan is whereKahlo was born, lived with her hus-band, famed artist/muralist DiegoRivera, and eventually died. After herdeath in 1954, at the age of 47, CasaAzul was turned into a museum.

• The Dolores Olmedo PatinoMuseum at Hacienda La Noria in thecharming area of Xochiumilco,named a UNESCO World HeritageSite in 1987. An hour from the centreof Mexico City, this private museumis home to 25 of Kahlo’s paintings.

• The Museum of Modern Art (Museode Arte Moderno), located inChapultepec Park in Mexico City.

• Diego Rivera Studio Museum,located at Diego Rivera 2 in SanAngel.

For more information on Mexico’smany destinations call 1-800-44-

MEXICO or visit www. visitmexi-co.com.Low Airfares CombinedWith Scenic Train Journey

Rocky Mountain Railtours is offer-ing a special $98 roundtrip fare fordepartures between Vancouver andCalgary when purchased in conjunc-tion with one of the rail company’sscenic, independent package tours.Packages must be purchased by March31, for travel between April andOctober, 2003. The special airfare offerapplies to a vacation package selectionwith a minimum value of $1,899 perperson, based on double occupancy.

Rocky Mountain offers two-day,all-daylight rail journeys betweenVancouver and the Rocky Mountaindestinations of Jasper, Banff andCalgary. Travellers can elect to taketheir trip in an east bound or west-bound direction. Built around the two-day spectacular train trip are morethan 40 different vacations packages,ranging from four to 17 days takingguests through the beautiful sceneryof Canada’s West and the CanadianRockies.

Contact Rocky Mountain Railtoursat (800) 665-7245 or visit www.rock-ymountaineer.com.

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sengers, was launched in Decemberas part of a two-year marketing agree-ment between the theme park and theairline, which will include a majormarketing initiative featuring specialvacation offers between AlaskaAirlines and the Disneyland Resort.Last month, a “Kids Fly Free” promo-tion, combined with five days oftheme park fun for the price of three,and the fourth night free at aDisneyland Resort area hotel waslaunched.

For reservations call Alaska’s toll-free reservations line at 1-800-ALASKAAIR (1-800-252-7522).

For general information on theDisneyland Resort, call (714) 781-4565or visit www.disneyland.com.

Disney,CONTINUED FROM PAGE 7