Aveos stated (19-Mar-2012) it has filed for insolvency protection under the Companies' Creditors Arrangement Act (CCAA) after ceasing maintenance operations in Montreal, Winnipeg and Vancouver on 18-Mar-2012. Aveos President and CEO Joe Kolshak said, “This was an extremely difficult decision, one we made only after lengthy and careful consideration of all other options. We deeply regret the job losses and the impact this decision has on our employees in Canada”. The company employs approximately 2,600 employees across Canada. Air Canada stated that these events at Aveos, while disappointing, have no impact on Air Canada's day-to-day line maintenance operations. The carrier stated it is prepared with a contingency plan to ensure continuity of this work and it will continue to be performed in compliance with all regulatory and legal requirements. Aveos said it sought protection from creditors amid “uncertain work volume” after losing as much as CAD16 million (USD16.2 million) in revenue in less than two months as Air Canada cancelled and delayed maintenance work. Airframe maintenance work stopped permanently on 19-Mar-2012 and the company has not yet decided on its other operations. [more - original PR - Air Canada] [original - PR - Aveos I] [original - PR - Aveos II] [more - original PR - Aveos - III]
Aveos files for insolvency protection, will have no impact on Air Canada day-to-day line maintenance
You may also be interested in the following articles...
China-US air growth slows as Xiamen Airlines flies Fuzhou-New York, making the world a smaller place
The world becomes a smaller place on 15-Feb-2017 with the launch of Xiamen Airlines' Fuzhou-New York JFK service. The route is a not a headline grabber like the ultra long hauls of Singapore-San Francisco or Doha-Auckland. But linking the two cities brings a nonstop flight to what is, by some calculations, the largest unserved trans-Pacific market.
The new flight reflects on current themes in the market between Asia and North America: the growth from China's secondary cities, more Chinese airlines being catapulted onto the world stage, and impacts to one stop competitors.
Fuzhou-New York will initially be only flown three times a week, supporting competitors' retorts that they have a frequency advantage – or at least for now. Competitors have also claimed a better product, but Xiamen's 787-9 is China's fifth widebody to offer direct aisle access business class. Soft service is catching up, and likewise for commercial planning: Xiamen's 787-9s do away with first class. This report looks at the growth of China and the rest of Asia to North America as growth momentum slows with China's bilateral capacity being reached.
Air Canada and Virgin Australia codeshare, in a North American market dominated by Qantas
From early 2017 Air Canada and Virgin Australia introduce a tidy new partnership. Virgin Australia receives improved access to Canada – a market its JV partner Delta cannot sufficiently cover from their shared Los Angeles gateway. Air New Zealand's sixth freedom option, via Auckland, is the third largest transportation choice by Canadians visiting Australia. Since Virgin noisily fell out with Air NZ, the Australian airline is looking to reassert itself in Australia-North America markets that it had quietly let Air NZ dominate. Virgin has already announced plans to resume trans-Pacific services from Melbourne, which Air NZ took traffic from.
Air Canada is growing in Australia, expanding from its 2007 Sydney service with a 2016 Brisbane service, and perhaps soon Melbourne as well. Air Canada needs a partner for domestic and New Zealand connections as it expands its footprint and grows ahead of market demand. There is some conflict, since Air Canada - as it does for its expanding Asia and Europe presence – will look for USA sixth freedom traffic. Air Canada has favourable connections via Vancouver to a handful of American cities, including New York.