HALIFAX, June 23 /CNW/ - Jazz Air LP ("Jazz") commends the Ottawa
International Airport Authority's decision to reduce terminal fees by five per
cent, effective July 1, 2008.
Excessive fees, surcharges and taxes continue to plague the aviation
industry - the situation is now made worse by soaring fuel prices. Virtually
all sectors of the economy are negatively affected by the excessive price of
fuel and we applaud every effort made by our partners to lessen our cost
burden, and strongly urge others to join this effort. Jazz remains focused on
operating as fuel-efficiently as possible and has already implemented a number
of fuel-saving initiatives.
"Today's airline industry challenges are not limited to air carriers
only. We firmly support the Ottawa airport authority's decision and are
committed to a teamwork approach," said Joseph Randell, Jazz President and
Chief Executive Officer. "Overcoming these challenges will require all
industry stakeholders working together and we encourage other airport
authorities to consider following Ottawa's lead, this will help the travelling
Jazz is the second largest airline in Canada based on fleet size and the
only airline serving all 10 provinces and two territories. Jazz operates more
flights and flies to more Canadian destinations than any other Canadian
carrier. Jazz forms an integral part of Air Canada's domestic and transborder
market presence and strategy.
Jazz is not a typical airline. The airline has a commercial agreement
with Air Canada that is the core of its business. Under the Capacity Purchase
Agreement (CPA), Air Canada currently purchases substantially all of Jazz's
fleet capacity based on predetermined rates. The CPA provides commercial
flexibility, low trip costs and connecting network traffic to Air Canada.
Also, the CPA significantly reduces Jazz's financial and business risks, and
provides a stable foundation for day-to-day operations and future growth.
For further information:
For further information: Manon Stuart, (902) 873-5054 Halifax, Nova
Scotia; Debra Williams, (519) 659-5696 London, Ontario; www.flyjazz.ca