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Written by Vicky Conroy
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Wednesday, 07 April 2010 11:04 |
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Canadian airline Jazz Air has signed a flight services agreement with leisure travel group Thomas Cook Canada to operate no less than six Boeing 757-200 aircraft on their behalf to various destinations from Canadian gateways during the winter season (November through April). Subject to Jazz obtaining the required regulatory approvals and the execution of definitive leasing and maintenance agreements with Thomas Cook Airlines, the service will commence in November 2010.
According to Jazz Air, if on or before May 30, 2010 Jazz and Thomas Cook are able to agree on pricing for the third, fourth and fifth winter seasons, then the agreement will be for a term ending April 30, 2015. Otherwise the agreement will have an initial term ending April 30, 2012. The agreement is expected to generate approximately $100 million in additional annual revenues.
"Growing and diversifying our business remains a top corporate priority; our agreement with Thomas Cook is a strong start that delivers value to all of our stakeholders," said Joseph Randell, president and chief executive officer of Jazz Air.
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