Canadian Airlines Negotiating Move of Corporate Headquarters.CALGARY, ALBERTA--(BUSINESS WIRE)--April 22, 1998--Canadian Airlines (TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). :CA.) (VSE See DOS/VSE. VSE - Virtual Storage Extended :CA.) (Alberta Stock Exchange Alberta Stock Exchange See Canadian Venture Exchange (CDNX). :CA.) Canadian Airlines has signed a letter of intent with Great West Life Realty to lease more than 100,000 square feet of space in a new office building to be built at Calgary International Airport Calgary International Airport, (IATA: YYC, ICAO: CYYC), is the main airport that serves Calgary, Alberta, Canada and the surrounding region; It is located 17 km from the downtown core. It is one of Canada's busiest airports by passenger traffic, serving 11. . The space will serve as Canadian's new corporate headquarters once the current lease agreement with Trizechahn Office Properties Ltd. in Calgary's Scotia Centre expires Dec. 31, 1999. "We intend to move for two reasons," said Kevin Benson, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , Canadian Airlines. "First, it makes sense to have our corporate headquarters physically closer to our operations and, second, rates within the downtown core are now considerably higher than at the airport." A number of conditions on both sides must still be resolved before the agreement is finalized. Lease rates were not released. Approximately 400 employees currently work in six floors of Scotia Centre. Canadian Airlines has assembled a network of global partners that include the world's leading airlines. Together with American Airlines, British Airways, Japan Airlines, and Qantas, Canadian has a unique group of alliance partners which offer customers a choice of seamless travel across the five major continents. Together with these partners Canadian serves over 300 North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. destinations and more than 500 worldwide, including over 100 flights per week between Canada and Asia, more than any other airline. CONTACT: Canadian Airlines Jeff Angel, 403/294-6821 http://www.cdnair.com or Canadian Airlines France Poulin, 514/364-7759 514/749-3580 Pager |
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