FlyerTalk Forums - View Single Post - Jazz & AC talking over a new Capacity Purchase Agreement; agree to keep talking
Old Feb 2, 2009 | 8:00 am
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tcook052
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http://www.newswire.ca/en/releases/a.../02/c4564.html

HALIFAX, Feb. 2 /CNW/ - Jazz Air LP ("Jazz") today announced that an
agreement has been successfully reached with Air Canada regarding the
establishment of new rates for controllable costs that will become payable by
Air Canada under the Capacity Purchase Agreement (CPA) in respect of the years
2009 to 2011 (inclusive). This rate review and adjustment was required under
the terms of the CPA.
The new rates are retroactive to January 1, 2009, and the parties will
reconcile the amounts previously paid to the amounts owing under the new rates
such that the parties will be in the same position they would have been in had
the new rates been in effect as of January 1, 2009.
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