Air Canada seeking bank credit card partner for new loyalty program

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MONTREAL — Air Canada says it is launching a search for a co-branded credit card partner for its new loyalty program.The Montreal-based airline says it will be inviting key financial institutions to participate in a request for proposals to join the launch of the program on July 1, 2020.Air Canada (TSX:AC) served notice in May that it plans to end its more than 30-year relationship with Aeroplan parent Aimia (TSX:AIM) when the current contract ends.Operating its own loyalty program is expected to deliver a pre-tax net present value of $2 billion to $2.5 billion over 15 years.The move was announced Tuesday ahead of the company’s annual investor day.Air Canada CEO Calin Rovinescu told analysts that the move is in line with other airlines that operate their own loyalty program.Aeroplan used to be a division of Air Canada before it was spun off during an IPO in 2008.Rovinescu said the move will generate financial returns and improve the value proposition for credit card users and partners.With international travel the most important reward, Air Canada said it can deliver what loyalty card members want through its extensive global network.“This makes us a highly desirable partner,” Rovinescu said.Air Canada also introduced new, financial targets between 2018 and 2020, including $2 billion to $3 billion in cumulative free cash flow.“With several years of record results and profitability…we’re confident in saying that we are on the right trajectory towards a sustainably profitable and investable company with an improved cost structure, improved debt rating, strong free cash flow and great prospects for the future,” Rovinescu said.He also pointed to the 3,000 per cent increase in Air Canada’s share price since early 2009.Doug Taylor of Canaccord Genuity says the loyalty card returns imply another $7 to $9 per share.“Air Canada remains our favoured way to play the Canadian airlines as we believe the company’s free cash flow ramp and its focus on deleveraging and margin expansion over the coming years will lead to multiple expansion and attract new investors,” he wrote in a report.Air Canada is also providing travel updates for customers who may be impacted by hurricane Maria, which is on track to hit many of the same areas of the Caribbean that were devastated by hurricane Irma. Updates can be found on AirCanada.com.

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USS Farragut Changes Command at NS Mayport

first_imgBack to overview,Home naval-today USS Farragut Changes Command at NS Mayport Authorities November 17, 2014 View post tag: NS Mayport View post tag: USS Farragut The guided-missile destroyer USS Farragut (DDG 99) held a change of command ceremony at Naval Station Mayport Nov. 14.Cmdr. Cory R. Applebee relieved Cmdr. William Musser as Farragut’s commanding officer.After serving as Farragut’s executive officer during her deployment with the USS Eisenhower (CVN 69) Carrier Strike Group, Musser assumed command in May, 2013. He completed a tour overseeing the ships post-deployment maintenance availability, a highly dynamic and compressed basic phase, an Inspection and Survey, and several multi-ship exercises.For his next tour, Musser will report to Naval Strike and Air Warfare Center (NSAWC) in Fallon, Nevada as the Department Head for Tomahawk Missile Tactics and Training.Guest speaker, Capt. Ryan Tillotson, Commodore, Destroyer Squadron 14, praised Musser for his successful tour onboard Farragut.Applebee graduated from the University of Kansas and was commissioned through the Naval Reserve Officer’s Training Program in January, 1996. He completed sea tours aboard USS Mount Hood (AE-29), USS Samuel Eliot Morison (FFG-13), USS Simpson (FFG 56), USS Gettysburg (CG 64), and USS Underwood (FFG 36). Applebee’s shore assignments include serving as a NROTC instructor at the University of Kansas and Deputy Battle Watch Commander and the Current Operations Branch Chief during his joint tour at the United States Strategic Command. He earned his Master’s Degree in Human Resource Management from Webster University.His awards include the Joint Meritorious Service Medal, the Navy Commendation Medal, the Navy Achievement Medal, various unit and campaign awards.Farragut is preparing for her 2015 deployment with the USS Theodore Roosevelt (CVN 71) Carrier Strike Group.[mappress mapid=”14450″]Press release, Image: US Navy View post tag: Naval View post tag: americascenter_img View post tag: changes Share this article View post tag: News by topic USS Farragut Changes Command at NS Mayport View post tag: Command View post tag: Navylast_img

Tri-State Treasure: The Veterans Memorial Coliseum

first_imgMARCH 8TH, 2019 TOMMY MASON EVANSVILLE, INDIANAFrom basketball to big musical performers to bingo and even body slams Evansville’s Veterans Memorial Coliseum has hosted a wide range of events since its dedication in 1917. The 6,600 square foot limestone building was officially known as the Soldiers and Sailors Memorial Coliseum after construction in memory of those who served in the Civil War and the Spanish American War.After the completion of what is now the Old National Events Plaza in the early ’70s, Vanderburgh County officials had no use for the aging structure.General Manager Andrea Stafford says a new generation of veterans would soon be tasked with preserving the monument for many years to come.“Veterans Council said please let us take it over. We’ll maintain it. We’ll keep it open. We keep it running. So, they did. They took it over in 1971. They pay a dollar a year,” says Stafford.On average, the Coliseum hosts 75 events per year. In the 1970s and 80s regional pro wrestling promotions like the continental wrestling association.Stafford shares some of the big-name grapplers who jerked the curtain at the Coliseum.“Jerry Lawler, Bill Dundee, Dutchman Tell, Stone Cold Steve Austin, the Rock, and the Undertaker. A lot of them actually got their start here,” says Stafford.And the list goes on with some of the most compelling live broadcasts shot in the bowels of the building.Stafford says there’s another show happen in those halls now. “We have some celebrities downstairs too. I don’t know if people have died in the building or they have an attachment to it. There is some spooks downstairs,” says Stafford.Stafford describes one of those spirits as a dark entity. That cell is part of a network of tunnels connecting it to the old jail and the old courthouse where prisoners would be transported.Those passages have since been sealed. The 4000-seat coliseum would later play host to the Evansville College Purple Aces basketball team before relocating to Roberts Municipal Stadium in 1950.Although, the event calendar has become a bit thinner in the 21st century the spirit of those veterans and the monument they allow us to enjoy makes this a must see Tri-State Treasure.Comments0 commentsFacebookTwitterCopy LinkEmailSharelast_img

Get your tax return filed in good time

first_imgBakers are being urged to beat the New Year rush and file their tax return before 31 January or face a £100 fine.Self assessment tax returns have to be filed online at hmrc.gov.uk/online/index.htm and, if submitting it electronically for the first time, companies will need to register; an activation code can take up to seven working days to arrive.The self assessment online service is available 24 hours a day, with the quietest time to use it between 5pm and 8am, Monday to Friday. You will need to provide details of business accounts for the tax year ended 5 April 2010, such as spreadsheets of income and expenditure, bank and credit card statements, and invoices from customers and expenses receipts. Details of any other income, such as interest on bank and building society accounts or income from stocks and shares, need to be given too.Visit hmrc.gov.uk/sa or call the self assessment helpline on 0845 900 0444.last_img

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