volaris , legally concesionaria vuela compañía de aviación , s.a.b. de c.v. ( bmv : volara , nyse : vlrs ) , is a mexican low-cost airline based in santa fe , álvaro obregón , mexico city with its hub in guadalajara , mexico city , and tijuana , and as well focus cities in cancun , los angeles , and monterrey .

it is the country 's second largest airline after aeroméxico and serves domestic and international destinations within the americas .

it is a leading competitor in the mexican domestic airline market , now with a market share of over 21 % of domestic traffic .

volaris

volaris plans to nearly double its fleet by 2020 . ( photo : volaris )
the most recent batch of new us routes for volaris represent its first us routes from querétaro and oaxaca , giving volaris 15 international gateways in mexico .
avoid volaris airlines ! ! ! ! bad bad bad businesss . horrible customer service
the following table summarizes volaris traffic results for the month and full year 2016 .
on july 7 , 2016 , volaris will begin service to seattle from guadalajara .
you can reach volaris via facebook or via a contact form on their website .
codeshare agreement with condor flugdienst . codeshare agreements seem like a big way that volaris
volaris started service between sacramento int ' l and guadalajara on november 15 , 2012 . volaris then began flights between denver and mexico city on december 8 , 2012 .
on february 22 , 2013 , volaris and southwest stopped codesharing . southwest decided to focus more on the mexican market with airtran airways , instead of codesharing with volaris .
at volaris , our business is acquiring , strengthening and growing vertical market technology companies .
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tuesday was volaris’ last day of operations at the fort lauderdale airport , meyer confirmed .
mia : low - cost carrier volaris to add two mexico routes on feb . 1
volaris began non - stop flights between chicago / o ' hare and mexico city on december 17 , 2013 . this replaced volaris ' chicago / midway - mexico city flights .
on december 13 , 2010 , volaris started services between midway international airport and guadalajara . it is volaris ' fourth international destination , first international service to a secondary airport and the longest route of volaris ' history . after mexicana de aviación ' s shutdown , volaris took over many of mexicana ' s international destinations and flights from its focus city , guadalajara .
mexico’s volaris is continuing to pursue expansion in the us market , despite an unfavourable geopolitical environment . the trump administration has impacted demand in the northbound vfr segment of the mexico - us market , volaris’ traditional focus , leading to a rare quarterly loss for volaris in 1q2017 .
codeshare agreements , most airlines stick to their designated paths , day after day . volaris travels
volaris ' s average price of $ 394 is less than the medium carriers ' average of $ 1 , 365 . you could save approximately $ 971 flying on volaris ( y4 ) .
note : excludes volaris costa rica . source : capa – centre for aviation and mexico’s sct .
this has turned into a full on war with volaris as i did not authorize 2 bookings .
in 2016 , volaris carried 69 , 927 passengers to and from the airport , meyer said .
volaris began non - stop flights between reno–tahoe international airport and guadalajara on december 16 , 2014 .
volaris will also begin the first service link between austin and guadalajara on august 7 , 2016 .
promotion codes are also sometimes available at the volaris website for discounts of up to 50 % .
aeromexico target a more similar airway route and location . on volaris’ top international routes , it faces
wn made a big mistake by not implementing the codeshares with volaris and westjet many years ago .
, volaris has increased its routes from an initial 5 to a current 140 and its fleet from 4 to 53 aircraft . volaris currently operates over 220 daily flight segments on routes connecting 38 cities in
volaris received approval to fly to southern california ' s san diego international airport on july 12 , 2012 . volaris then began non - stop flights between orlando and guadalajara from july 14 , 2012 .
, volaris has increased its routes from an initial 5 to a current 138 and its fleet from 4 to 54 aircraft . volaris currently operates over 240 daily flight segments on routes connecting 39 cities in
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urltoken presents our independent volaris safety ratings and reviews . country of origin : | airline code : y4
mia : low - cost carrier volaris to add two mexico routes on feb . 1 - sun sentinel
oakland international airport ( oak ) and volaris airlines have announced the expansion of volaris’ international operations at oak with the addition of new nonstop flights linking oakland with tijuana , mexico beginning march 4 , 2015 .
contribute to imdb . add a bio , trivia , and more . update information for peter volaris »
a few of you have asked how rapid rewards will work with our volaris partnership . at this time , customers aren ' t able to use award tickets or earn rapid rewards credits for volaris flights . laurel
virgin australia and volaris passengers check in at terminal 2 , but flights depart or arrive at terminal b .
search expedia for the very best selection of volaris flights to whatever destination you ' re headed . volaris and expedia have teamed up to provide you with great discount airfares and flexible departure and arrival times to make your trip a truly comfortable , affordable , and memorable experience . fly with volaris today to see the difference .
the first vulcan mind meld between t ' pol and volaris . t ' pol is unfamiliar with it .
volaris continues to look for other niche vfr opportunities in the mexico - us market and is confident in the long term growth prospects in this segment . volaris has identified nearly another 50 potential vfr routes to the us .
the expansion into new segments of the us - mexico market is sensible as it enables volaris to diversify its us operation during a challenging period for its core vfr segment . however , volaris will have to overcome intense competition .
volaris understands that different passengers have different priorities and needs when traveling . consider booking one of the following options :
volaris has even lower costs than u . s . low cost leader spirit . ( photo : spirit airlines )
the airline expects mexico to regain category 2 status late this year or early next year . this would allow volaris to direct some of its 2011 capacity expansion to us markets although in the meantime volaris sees plenty of domestic opportunities .
including this order , the volaris fleet is expected to nearly double from 44 at the end of 2013 to 86 by the end of 2020 . volaris ' fleet plan should also help the company reduce its unit costs even further .
most modern airplane fleet . volaris targets passengers visiting friends and family , price sensitive business travelers , and leisure travelers in
jul 05 , 2018 , 06 : 00 et volaris reports june 2018 traffic results ; passenger growth of . . .
volaris also has the benefit of lower unit costs than any of the us lccs , including ultra low cost operators frontier and spirit . volaris follows an ultra lcc model and has the lowest cask ( or casm ) in the americas .
the expansion in mexico city should improve volaris’ yield in the us market , offsetting yield declines on other us routes .
international operations in november 2008 , volaris announced a codeshare agreement with us - based low - cost carrier southwest airlines .
passengers between the ages of 5 and 11 may only travel alone if the “volaris is with you” service is purchased .
he says volaris expects to secure enough additional slots to operate about 20 daily flights from mexico city during the upcoming peak winter season . the additional slots will allow volaris to add a second frequency on several of its mexico city routes .
clear skies ahead potential volaris investors should remember that the airline industry is risky under any circumstances , and volaris competes in a particularly fast - changing market . on the other hand , the mexican air - travel market is likely to grow by leaps and bounds during the next few decades , and volaris is poised to grab a big chunk of that growth .
cancún international airport ( cun ) . the airport for this focus city of volaris is the second - busiest in mexico .
volaris will be a lot better if it becames an arc participating carrier and elect the general concurrence method of agent appointment .
volaris in recent months has bolstered frequencies on some of its domestic routes and launched seven new routes from mexico city international .
guadalajara , which has 23 routes to the us , will remain volaris’ biggest base in terms of number of routes . however , mexico city will likely overtake guadalajara in terms of capacity . volaris operates approximately 100 weekly departures from guadalajara to the us .
all the additional aircraft coming into the volaris fleet over the next 18 months are a320neos and a321neos , which also provides volaris an opportunity to upgauge several us routes ( as the a319 fleet is reduced ) and launch new , longer range us routes . volaris is now operating us routes of up to five hours ; its longest route , guadalajara - seattle was launched in 2016 .
as it enters us - mexico beach markets volaris is also timing the flights to maximise demand from us origin southbound leisure passengers .
volaris currently flies nonstop from fort lauderdale - hollywood international airport to mexico city and guadalajara , an airport official there confirmed wednesday .
oakland , ca – jan . 29 , 2015 – oakland international airport ( oak ) and volaris airlines have announced the expansion of volaris’ international operations at oak with the addition of new nonstop flights linking oakland with tijuana , mexico beginning march 4 , 2015 .
mexican ultra - low - cost airline volaris made its debut on the new york stock exchange back in september , with the stock closing at $ 14 . 01 after its first day of trading . since then , volaris shares have tumbled about 20 % .
thus , while volaris shares have fallen substantially in the last few months , short - term and long - term trends are both pointing in the company ' s favor . accordingly , volaris is one of my top picks in the airline sector for 2014 .
volaris now has an 18 % share of the domestic market , based on passengers carried in september 2010 , compared to a 13 % share one year ago . aeromexico has a 47 % share followed by interjet with a 21 % share . but blankenstein points out that volaris is significantly larger than interjet on an rpk basis since volaris ' average stage length is about double compared to interjet .
[ … ] and toluca ( mexico city’s secondary airport ) . you might remember back in october when southwest officially launched its partnership with volaris to feed passengers between the two networks . now , volaris is ready to blanket the us with its own [ … ]
holger blankenstein , chief commercial officer of volaris , highlighted the relevance of this kind of recognition as a high achievement :
for volaris this award is more than an indicator to measure operations performance and people ' s perception of the company . it is an incentive that motivates us to continue innovating and keep challenging the aviation standards , while staying true to our vision and mission at volaris
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at the end of the year , southwest and volaris will evaluate the partnership and decide how to expand further . volaris will certainly be looking to see which cities send the most traffic down and that can help the airline pick its next destinations in the us . once volaris has gateways open in other parts of the country , it makes options with southwest easier for people east of the rockies .
and to select us destinations . proudly mexican , volaris is regarded as one of the new leading companies in the country . among other recognitions , volaris has received the prestigious esr award for social corporate responsibility for five consecutive years . for more information , please visit :
based on may - 2017 data from mexico’s dct , volaris captured a 10 % share of passenger traffic between mexico and the us .
volaris is also offering daytime flights from mexico city to the us using slots divested as part of the aeromexico - delta joint venture .
lo que es un hecho es que aunque aún no se ha oficializado , sí van a salir de volaris tanto slim como azcárraga .
mex is the second busiest airport in latin america and is home to aeromexico as well as low - cost carriers interjet and volaris .
and to select us destinations . proudly mexican , volaris is regarded as one of the new leading companies in the country . among other recognitions , volaris has received the prestigious esr award for social corporate responsibility for six consecutive years . for more information , please visit :
volaris is mexico’s largest low cost carrier airline . its first flight took wing in 2006 , under the name of vuela airlines ; since then it has grown to become mexico’s second largest airline . it codeshares with southwest airlines and now owns the subsidiary volaris costa rica .
owns shares of volaris . the motley fool has no position in any of the stocks mentioned . try any of our foolish newsletter services
destinations main article : volaris destinations volaris operates scheduled flights to mexico ( 43 ) and elsewhere in the americas ( 22 ) from mexico city international airport in mexico city , guadalajara international airport , in guadalajara , tijuana international airport in tijuana and monterrey international airport in monterrey .
volaris is a valued partner of expedia , and we work together to provide you with all the tools you need to book your next volaris flight . from last - minute flights to flights planned ahead , volaris has a huge inventory of cheap flights to help you save even more . fly with style and comfort with volaris , and rest assured that all your flight needs are taken care of , making your travel experience as good as it can be . all volaris flights offer expansive routes to your destination and provide you with flexible departure and arrival times giving you more selection than ever before . and by booking with expedia , you have access to online tools to help you plan the best trip , from fare alerts , to calendar tools and more ; use these to help book the best volaris flight you can find . if you need additional assistance , expedia customer service representatives are available 24 hours a day to help you with any questions when booking your volaris flights . volaris and expedia are here to ensure you travel with the confidence that you have the best flight at the very best price .
, taxes included , flights are available for booking with volaris ' innovative
tu decides
pay - per - service arrangement , whereby customers select exclusively those services they need for their specific travel needs . booking is available for customers on all volaris sales channels , including online (
south florida travelers seeking similar service from volaris won’t have to go far : the airline launched newly scheduled flights wednesday from miami international airport .
southbound leisure markets are different , and would not work with the normal volaris flight timings . however , volaris is able to adapt its schedule to the market by rotating aircraft so they operate overnight on vfr focused chicago routes , but are operating the new beach routes during the day .
volaris began flying to its first destination in texas , at the time , to san antonio international airport from guadalajara on december 14 , 2013 .
one - way taxes included , flights are available for booking with volaris ' innovative
tu decides
pay - per - service arrangement , whereby customers select exclusively those services they need for their specific travel needs . booking is available for customers on all volaris sales channels , including online (
membership in the urltoken entitles you to volaris’ lowest ( blue ) fares on all flights , a savings of up to 40 % on fares .
first , volaris is returning nearly all of its a319 aircraft in the next five years and replacing them with larger , more efficient models . second , by the end of the decade , more than half of volaris ' fleet will use new engine technology that provides a double - digit reduction in fuel consumption . together , these moves will allow volaris to grow while reducing its cost structure , which should lead to tremendous profit growth .
from mia , volaris is offering daily service to mexico city and four weekly flights to guadalajara using airbus a320 aircraft , airport officials have said . guadalajara will become the miami airport’s sixth destination within mexico , and volaris – its fourth airline to serve mexico and eighth low - cost carrier overall .
los angeles international airport ( lax ) . the airport for this focus city of volaris is the busiest in california and has 9 terminals . volaris flights check in at terminal 2 but will probably fly in and out of the tom bradley international terminal , also known as terminal b or tbit .
volaris has also made plans to expand its fleet with aircraft that will be cheaper to operate than the airbus a319s and a320s it uses today . earlier this week , volaris announced that it had agreed to lease 16 new a320neo and a321neo aircraft , which will be delivered between 2016 and 2018 .
volaris sought permission to fly between dallas / fort worth international airport and mexico city , along with a number of other u . s . - mexico routes . volaris submitted the request on february 3 , 2011 and the u . s . department of transportation granted approval on february 11 . however , volaris did not launch the service until over four years later , on april 29 , 2015 , when it began flights between dfw and guadalajara .
volaris just opened flights from san jose , ca to guadalajara . this is a heavy traffic business route , flown by no - nonsense people . i suggest that volaris should be very careful in mantaining the quality of the service from san jose or they will end up with empty planes very soon .
volaris applied to fly mexicana ' s former portland to guadalajara route . the application was granted and service to portland began on october 6 , 2014 .
volaris began serving mexico international early last year after a change in government policy opened up the slot - controlled airport to new entrants . it was initially limited to operating one daily flight at mexico city from its tijuana base . but after mexicana suspended operations in late august , volaris was given several additional slots at mexico city . blankenstein says volaris is now operating the equivalent of 11 . 5 flights per day from mexico city to nine domestic destinations .
at jfk , volaris has received an afternoon slot pair , which it would not have been able to secure otherwise . volaris ' existing slot pair at jfk is after midnight . at los angeles , the new mexico city flight departs in the early afternoon , complementing a morning departure and a midnight departure .
volaris has been awarded eight daily slot pairs in mexico city overall , with three being used from 2h2017 and five in 2018 . these slots will enable volaris to double its mexico city - us operation from 56 weekly departures on nine routes to 112 weekly departures across 15 routes by the end of 2018 .
note : dcomps includes us network airlines director competitors ( delta , united , american and alaska ) . source : volaris corporate presentation , may - 2017 .
mexican low - cost carrier volaris plans to launch service from miami international airport to mexico city and guadalajara on feb . 1 , airport officials announced wednesday .
if you are flying in one of volaris’ airbus a319s , the seats should come with laptop power . the other aircraft do not yet have laptop power .
volaris as part of its outstanding order book with airbus has four new a319 delivery slots next year . blankenstein says three of these aircraft are now slated to be delivered in june and july , and volaris hopes to take the fourth in november , giving it a fleet of 33 aircraft by the end of 2011 .
mr blankenstein said volaris plans to continue pursuing expansion in the us . however , the company had adjusted its strategy somewhat to focus less on northbound vfr markets .
el problema para volaris es que si la situación de incertidumbre permanece por algún tiempo , pueden perder el terreno ganado , pues inevitablemente va a afectar la operación .
* ( “volaris” or the “company” ) ( nyse : vlrs and bmv : volar ) , is an ultra - low - cost carrier ( ulcc ) , with point - to - point operations , serving mexico , the united states and central america . volaris offers low base fares to build its market , providing quality service and extensive customer choice . since beginning operations in march 2006 , volaris has increased its routes from five to more than 162 and its fleet from four to 69 aircraft . volaris offers more than 332 daily flight segments on routes that connect 40 cities in mexico and 27 cities in the united states and central america with the youngest fleet in mexico . volaris targets passengers who are visiting friends and relatives , cost - conscious business people and leisure travelers in mexico and to select destinations in the united states and central america . volaris has received the esr award for social corporate responsibility for seven consecutive years . for more information , please visit : urltoken
mexican low - cost carrier volaris is planning to further expand its mexico city operation as it takes delivery of six additional airbus a319s over the next few months .
volaris is currently unable to expand its us operation because mexico currently falls under category 2 in the faa ' s international aviation safety assessment ( iasa ) programme .
“volaris has exciting growth plans over the next several years and sabre was the obvious choice for us because of the depth of their industry experience and excellence in delivering their solutions , ” said enrique beltranena , general director of volaris . “sabre is a committed partner that will help us evolve our airline to the next level . ”
this just creates an even better buying opportunity for long - term investors . volaris is one of several airlines making air travel more of a mainstream experience in mexico . volaris ' ultra - low - cost structure , and its steady growth , could make this stock a multi - bagger in the next five to 10 years .
volaris starting 14jul12 is offering twice weekly mexico city – orlando service , on board airbus a320 aircraft . this route will reduce to once a week from sep 2012 .
oh wow . . . i should have read up on this airline before i made the mistake of booking cheap flights for my senior parents with volaris . . .
you may book your volaris flight on the airline website , through the call center , or at the airport . when searching for fares on the volaris website , first you need to select your nationality ( mexican or non - mexican ) and type of payment . then you may select your departure and destination cities and dates of travel in order to search for flights . the volaris website accepts payment by credit card , paypal or safetypay online banking . you may also book your flight online or through the call center , and then make the payment at one of several retail stores in mexico which accept volaris payments , such as oxxo , sears , or sanborns .
volaris began its second destination in florida , fort lauderdale–hollywood international airport from mexico city on december 1 , 2014 and then also from guadalajara on december 4 , 2014 .
volaris began its first non - stop flights to the northeastern united states , when it began service between new york - jfk and guadalajara on july 15 , 2015 .
increasing to 3x / week from december per this article : volaris inaugurates nonstop portland - guadalajara , mexico service urltoken
the volaris service to - and - from portland will run twice a week on mondays and saturdays until december 3 , when it will add service on wednesdays . the carrier said flights are available starting at $ 180 .
during december 2016 , volaris launched one domestic route ( tijuana – toluca ) and two international routes ( denver – monterrey and guatemala – san jose , costa rica ) .
- - volaris is the first mexican airline to receive such recognition . - - the award recognizes the management team who has demonstrated excellence running a low - cost airline .
on february 25 , 2011 , it was announced that volaris would acquire mexicana ' s destination , fresno yosemite international airport and would begin service on april 14 , 2011 . fresno was volaris ' first us destination where it did not partner with southwest airlines . the airline began using guadalajara international airport as an american gateway hub in late 2011 .
volaris on - time rate of 81 % places them in the top 25 % in the world , and is also one of the best among mid - size carriers .
measures as the above help strengthen volaris ' position as the mexican air carrier with the most number of destinations and services to the us . to date , volaris has transported over 7 million customers to and from the us market , a number that continues to grow as a result of more than 230 flights operated by the carrier in september alone .
one option would be to require southwest to start operating its own aircraft on transborder routes once the codeshares with westjet and volaris reach a certain level . but this could require southwest to renegotiate its codeshare deals as volaris ceo enrique beltranena said in november that its codeshare pact with southwest gives it the exclusive right to operate all us - mexico flights .
growth ahead volaris is well - positioned to be one of the leaders as mexico ' s air travel market grows . last week , the company announced that it is opening an operational base in monterrey , which is the wealthiest major city in mexico . as of this spring , volaris will offer flights to 11 other cities in mexico from monterrey .
save time and money when you choose volaris for your flights to mexico city ! check - in up to 72 hours in advance , and only pay for options you choose .
the new southbound us leisure routes should also generate a yield premium compared to volaris’ traditional vfr routes from guadalajara and other points in central mexico , such as guanajuato / león .
i really like flying with volaris , they offer a great service and planes also prices . i have never heard of such a thing but well it was bad luck : (
at fort lauderdale - hollywood , volaris had operated flights four times a week to mexico city and three times weekly to guadalajara , airport spokesman greg meyer said in an email .
volaris then began flights between guadalajara and ontario int ' l airport in ontario , california , a reliever airport in the greater los angeles area , on april 12 , 2014 .
mexicana suspended operations in late august , prompting volaris and other mexican carriers to add capacity in the domestic markets , resulting in a significant improvement in load factors across the mexican industry . in september , the first full month after mexicana ' s collapse , volaris ' domestic passenger traffic was up 29 % versus the year prior to 313 , 000 passengers .
volaris ( y4 , toluca ) has announced that its volaris costa rica ( q6 , san josé juan santamaría ) unit will suspend flights to managua with effect from july 1 onwards . in a statement , the lcc ' s costa rica general manager , fernando naranjo , cited the violent disturbances and political instability that has affected nicaragua in recent days .
unfortunately , market conditions do not allow us to maintain our operations there , so we have , therefore , had to adopt this provision ,
he said . volaris . . .
concesionaria vuela compañía de aviación , s . a . p . i . de c . v . known as volaris is an ultra - low - cost airline , with flights in mexico , united states , guatemala , costa rica and el salvador . volaris offers cheap plane tickets to develop the market , offering customers quality service and a vast choice of products .
the volaris fleet consists of 55 planes in the airbus family , including 18 a319s , 36 a320s and 2 a321s . the airline is expected to acquire several airbus a320neo by 2018 .
volaris chief commercial officer holger blankenstein says the carrier is taking an additional a319 this month and two more a319s next month , giving it a fleet of 24 a319s and two a320s .
volaris was originally planning to end 2011 with 27 aircraft but decided to lease an additional six aircraft to meet growing demand in the domestic market in the aftermath of mexicana suspending operations .
while volaris shares have lost steam in recent months , there haven ' t been any major changes to its business prospects . if anything , it has been caught up in a wave of negative sentiment that has hit emerging market stocks . ( these same market issues caused vivaaerobus - - one of volaris ' top competitors - - to delay its ipo on tuesday . )
mexican low - cost carrier volaris ceased operations at fort lauderdale - hollywood international airport this week a little more than two years after launching nonstop service to mexico city and guadalajara , mexico .
cheap flights for volaris tend to be on wednesdays , when bookings can be made for around 3 % below the carrier ' s average price , which can mean $ 11 in savings .
higher consumer demand in mexico for flights to and through miami was a factor in relocating service from fort lauderdale , miguel aguiñiga , volaris’ director of market development , said in a phone interview wednesday .
volaris in the 3rd quarter of 2016 plans to expand guadalajara – us routes , with the addition of seattle and austin . both destinations will be served 3 times weekly , on board airbus a320 aircraft .
while volaris is focusing mainly on mexico city over the next year , it continues to open niche vfr routes , following its established strategy in the us of finding unserved routes that can be stimulated with low fares and a relatively low amount of capacity . a majority of volaris’ 57 routes to the us are not served by any other airline , and 45 of its us routes are served less than daily .
volaris offers international flights to several destinations in the united states : chicago midway , denver , fresno , las vegas , los angeles , miami , orlando , phoenix , sacramento and san francisco / oakland .
volaris’ continuing expansion at oak brings another new international destination to the san francisco bay area , offering travelers even more access to key cities and businesses in mexico , ” said deborah ale flint , director of aviation for port of oakland . “this expansion of service solidifies oak as volaris’ top gateway in northern california and sets a new high for the number of nonstop destinations served from oakland international airport . ”
taking into consideration both delay frequency and duration as well as on - time performance , volaris earns 3 . 5 out of 5 stars , putting it near the top across all mid - size carriers .
v . club is the name of the volaris loyalty program . it is not earned via miles but through a membership fee . the annual fee is 549 mxn , about $ 28 ( usd ) .
skyscanner allows you to find the cheapest flight prices with volaris and thousands of other airlines without having to enter specific dates or even destinations , making it the best place to find cheap flights for your trip .
based on the study’s projections , the initial six markets that southwest , volaris and vivaaerobus would likely debut from hobby are cancun , mexico city , monterrey , san jose costa rica , san jose del cabo , and san salvador . the estimates show a total of 12 daily flights in those markets from the three carriers , with southwest dominating the schedule . southwest and volaris have a nearly two - year - old partnership that entails passenger transfer connections to five of volaris’ mexican destinations – mexico city , toluca , guadalajara , morelia and zacatecas – from los angeles , chicago midway , and oakland , san diego and san jose , california . the study’s projections show that both volaris and southwest would both operate from houston to mexico city , but the airlines could also elect to have just one carrier operate the route and add houston to their partnership .
. the ultra low cost highly efficient business model offered by volaris provides low base fares to develop its market , coupled with outstanding levels of quality services and a wide array of products . since beginning their operations in
in the summer of 2015 , volaris launched its first ever international flights outside the continental united states ; to guatemala on june 18 , to puerto rico on july 2 , and to costa rica on september 10 .
volaris has confirmed it does not plan to fly to santiago de chile , and rather focus in the us and domestic market , after a local newspaper announced the airline had plans to begin operations in south america .
enrique beltranena , ceo of volaris , upon receiving the award , highlighted the importance of ensuring good performance of all the people that collaborate in aviation companies for the daily operations , in order to provide the market with larger and more efficient services .
in volaris we are very proud to receive this award , which acknowledges the extraordinary effort that our ambassadors do every day : get more people to experience flying to great destinations .
during december and full year 2016 volaris increased total capacity , as measured in available seat miles ( asms ) , by 21 . 6 % and 18 . 9 % year over year , respectively . total demand , as measured in revenue passenger miles ( rpms ) , for december and full year 2016 increased 19 . 5 % and 23 . 9 % year over year , respectively . volaris transported a total of 1 . 5 million passengers during the month of december , an increase of 21 . 3 % year over year . full year 2016 , volaris transported over 15 . 0 million passengers , an increase of 25 . 2 % year over year .
the criteria that led to the recognition of volaris was : its innovative business model , its high growth rates , rigorous cost control , integrity in their production processes , and the processes to increase revenue through auxiliary channels .
volaris , which began operations in march 2006 , serves more than 162 routes across 67 cities in mexico , the u . s . and central america using a fleet of nearly 70 aircraft , according to its website .
volaris flights are delayed 45 % of the time , which is lower than other medium - size carriers . when there is a delay , it averages about 21 minutes , which is about the same as similar carriers .
for spirit , low costs have allowed it to underprice other u . s . airlines , thereby encouraging its customers to travel more often than they would otherwise . volaris ' opportunity is even bigger . mexico still has a huge market for inter - city bus service . volaris , and a few other ultra - low - cost carriers , are finally bringing the cost of air travel within reach for many members of the emerging mexican middle class .
the us accounted for all of volaris’ international growth from 2009 to 2015 . central america has contributed to a relatively small proportion of the growth since 2015 , given the small size of the airline ' s central american operation .
the new tijuana flight joins volaris’ existing services between oak and mexico city , guadalajara , leon and morelia , mexico . it also offers convenient same - carrier “in - country” connections to numerous other destinations throughout mexico via tijuana .
sabresonic css’ advanced technology platform will allow the airline to cultivate its opportunities to interline and codeshare with other airlines . sabre’s sophisticated reservations system will also enhance volaris’ revenue through merchandising , ancillary sales and maximizing the carrier’s branded fares .
all six aircraft are used a319s that are being acquired to supplement the aircraft volaris already has on order with airbus . blankenstein says the three a319s being placed into service in the current quarter were all previously operated in europe .
volaris executives say the carrier may also further accelerate fleet expansion , depending on what happens with mexicana ' s proposed re - launch and category 2 . mexicana is hoping to resume operations next month , focusing on us routes .
volaris costa rica ( q6 , san josé juan santamaría ) commenced revenue operations on wednesday , november 30 , with scheduled double - daily flights between san josé juan santamaría and guatemala city . service is onboard a320 - 200 xa - vlr ( cn 7118 ) wet - leased from mexican parent volaris ( y4 , toluca ) . the lcc is one of three start - up carriers looking to use costa rica as a base . aside from the volaris unit , there is the already certified air costa rica ( ri , san josé juan santamaría ) as well as holiday air ( costa rica ) ( san josé tobías bolaños ) which is currently on phase 4 of its aoc drive .
this may help : after the day’s flights are over friday ( may 12 ) , allegiant , delta , frontier , virgin america , virgin australia , sun country , volaris and boutique will move , with completion on saturday morning .
hola folks ! a few responses to your comments : everyone asking for more volaris transborder service : let ' s get this initial engagement under our belt and then we ' ll start talking expansion ! anonymous @ 17 : 56 : you ' re right - - sorry if i wasn ' t clear . you ' ll be able to purchase volaris ' service from lax , oak , and sjc nonstop to mexico * in addition * to connecting itineraries with southwest - - but no , we ' re not adding any new nonstop service for international connect , either on southwest or volaris . goodnight everyone - - halloween at swa hdq tommorow . you have to see it to believe it !
he adds after the winter peak season volaris may reduce its mexico city operation rather than expand it beyond the expected 20 daily flights .
we don ' t have a major strategy to go into aicm ,
blankenstein says .
volaris is also doubling its mexico city - us operation , which typically attracts a different mix of traffic and generates higher yields , using slots that have been divested by aeromexico and delta air lines as part of their new joint venture .
three of its nine existing mexico city - us routes were launched in 1q2016 – houston , new york jfk and miami . volaris also launched mexico city - san francisco in oct - 2016 . when these four new routes are included , volaris will be more than tripling its mexico city - us operation in just a two - year period ( oct - 2016 to oct - 2018 ) – from 37 weekly departures on five routes to 112 weekly departures across 15 routes .
chairman of the board of directors of controladora vuela compañía de aviación , s . a . b . de c . v . ( volaris ) , and managing partner of acumen empresarial , s . a . de c . v .
to me , this seems simple for the airline for sure , but it’s more complex for the customer . i agree about transparency and that would be just fine with me if they didn’t do a full codeshare , but i would want to see a single ticket where i only had to check in once . whether i’m on volaris flight 123 or southwest flgiht 9123 ( operated by volaris ) , that’s not a concerne and in fact , the former might be better anyway .
the company iae international aero engines ag awarded us with the pure - v designation , for currently using v2500® engines on all our a32ceo planes . volaris is the first mexican airline to operate purepower engines fabricated by pratt & whitney for a320neos .
a few days went by and we had not received an email confirmation , so we called again and first the agent told me that the credit card was declined and there was no reservation . . . what ? i call my credit card company right away and they told me two payments ( of the same price ) were processed for volaris . i then call volaris back with this information and they acknowledge it now but refuse to credit back my card for the extra charge .
when volaris began its new fort lauderdale - to - mexico city route in december 2014 , it was the airport’s first service to the mexican capital since aeromexico ceased service on that route in 2007 . guadalajara however was a totally new destination .
volaris planned to launch service to william p . hobby airport in houston , texas as soon as the new terminal was completed , but the airline chose to begin flying to houston - intercontinental from guadalajara on march 26 , 2015 , instead .
guadalajara international airport ( gdl ) . this airport serves as a hub for volaris and is situated about 10 miles south of downtown guadaljara . it has a single terminal , two runways , and is the third - busiest airport in mexico .
what you’ll see on urltoken will look like a regular fare display and you’ll think you’re buying a single ticket connecting on the two airlines but you’re not . what’s actually happening is that it is just combining the southwest fare with the volaris fare and showing it as one . when you buy a ticket , you’re actually buying two separate tickets between the two airlines . you will get a southwest confirmation number and a volaris confirmation number and you’ll need to check in separately for each .
recent data shows nearly all the domestic traffic previously carried by grupo mexicana , which one year ago had a 30 % share of the market , has already been picked up by aeromexico , volaris , interjet and low - cost carrier vivaaerobus .
volaris launched nine routes to the us in 1h2017 and plans to launch at least four more us routes in 2h2017 . the company is also already committed to launching another five us routes in 2018 – extending its us operation to more than 60 routes .
volaris filed its annual report under the form 20 - f for the fiscal year ended december 31 , 2015 with the u . s . securities and exchange commission ( the “sec” ) on april 29 , 2016 . a copy of the report can be accessed by visiting the sec’s website at urltoken and is also available at the website urltoken . shareholders may request a hard copy of the audited financial statements included in such report free of charge by contacting volaris investor relations at the email address specified below .
volaris offers shuttle service at a few of their destinations . the service is available between cancun airport and the hotel zone , cancun town , and playa del carmen . in puebla shuttle service is offered between the airport , the capu bus station , and the estrella roja bus terminal in downtown puebla . in tijuana shuttle service is available between the airport and san diego , and also ensenada . you may purchase the shuttle service in advance on the volaris website , or at the airport or bus station .
however , volaris has been impacted by the change of administration in the us , as demand has been impacted in the segment of the market that has always been its focus – the airline mainly carries ethnic or visiting friends and relatives ( vfr ) traffic .
volaris will add at least one more niche vfr route in 2h2017 with the launch of two weekly flights from guanajuato / león to san bernardino in southern california . san bernardino does not currently have any schedule services – not even from a us domestic airline .
full year 2016 , volaris increased domestic and international asms by 17 . 8 % and 21 . 4 % , respectively . network load factor for the year 2016 reached 85 . 8 % , an increase of 3 . 5 percentage points year over year .
you ' ll be able to book starting november 12 , but you may have to look at flying from phl to one of the west coast cities listed here to continue on to mexico on volaris . check it out on urltoken on november 12 ! laurel
in addition to chicago ( by united and now volaris ) there are seasonal flights to dallas and phoenix by american , and to minneapolis by delta and sun country . there are also limited seasonal flights to several canadian destinations by air canada , sunwing and westjet .
mexico city - - ( business wire ) - - volaris * ( nyse : vlrs and bmv : volar ) , the ultra - low - cost airline serving mexico , the united states and central america , reports december and full year 2016 preliminary traffic results .
volaris operations and development are based on three pillars : safety , customer service and a low cost business model . these are the foundations of a solid structure that fulfill the purpose of bringing together family and friends , while offering the lowest rates in the market .
still , he said the two years spent in fort lauderdale resulted in “a very decent operations . ” he noted that volaris’ presence at fort lauderdale helped to spread awareness in south florida about the low - cost carrier , and expects the miami routes to benefit .
trump’s controversial policies and views have impacted the northbound vfr segment of the mexico - us market as mexicans have been more reluctant to travel to the us for holiday or family visits . volaris cited “a challenging market and geopolitical environment” in reporting a mxp772 ( usd38 million ) operating loss in 1q2017 . it marked volaris’ first quarter loss operating loss since 2q2014 and was in contrast to an operating profit of mxp836 million ( usd46 million ) in 1q2016 . the lcc will be releasing its results for 2q2017 on 21 - jul - 2017 .
the d / fw - guadalajara route is suddenly becoming very popular . last friday , mexican carrier vivaaerobus announced plans to fly to three cities from dallas / fort worth international airport , including a dfw - guadalajara route that would begin in late march . on thursday , a mexican competitor , volaris , filed an application with the u . s . department of transportation for permission to fly the same dfw - guadalajara route . ( greg of urltoken clued me in on the application . ) in its brief application , volaris gave no start time for its service , other than that it “plans to commence scheduled service on this route shortly after approval of this application . ” these applications tend to get approved pretty quickly . vivaaerobus filed its application for the right to fly to guadalajara , monterrey , cancun and cabo san lucas on sept . 11 , and got dot approval on sept . 18 . volaris , which began flying in march 2006 , is a low - fare carrier that flies airbus a319s and a320s . it is based in toluca , a central mexican city west of mexico city . when volaris and vivaaerobus begin the route , they’ll find competition from american airlines and partner envoy air , which collectively operate three daily flights with 330 seats in each direction . vivaaerobus plans three flights a week , while volaris didn’t specify its frequency .
in addition to sabresonic css , volaris has also selected sabresonic web to power its website with new services and capabilities that will help customers maximize the online channel . the carrier will also use sabre airvision revenue manager to maximize revenue opportunities with automated tools and decision support .


crown investments corporation ( commonly known as cic ) is the holding company used by the government of saskatchewan to manage its financial and commercial crown corporations as well as its minority holdings in private-sector ventures .

crown investments corporation

crown investments corporation ( cic ) is the holding company for saskatchewan ' s commercial crown corporations .
© 2001 - 2018 crown investments corporation of saskatchewan . all rights reserved . site map | disclaimer
as the sole shareholder of stc , the crown investments corporation of saskatchewan has engaged kpmg llp to solicit proposals from interested parties for the acquisition of certain stc assets either en bloc or parts thereof .
crown investments corporation’s ( cic ) 2015 - 16 annual report identifies an increased customer base , efficiency measures undertaken by crown corporations and an additional three months of earnings as factors contributing to the increased net earnings in 2015 - 16 .
crown investments corporation of saskatchewan ( cic ) 400 - 2400 college avenue regina , sk s4p1c8 , canada tel . ( 306 ) 787 - 6851 fax . ( 306 ) 787 - 8125 web site . urltoken
the bdic , established on april 1 , 2005 by the northwest territories business development and investment corporation act , is a crown corporation of the government of the northwest territories . the bdic provides a range of programs and services to help northern business succeed .
the holding company for provincial crown corporations and portfolio investments in a variety of commercial enterprises . its holdings in 2003 accounted for 15 per cent of saskatchewan ' s gross domestic product . . .
with nearly 20 , 000 employees – and operations and investments in 14 countries – nutrien’s crop inputs and services reach every major growing region of the world .
cic is the holding company for saskatchewan ' s commercial crown corporations . saskatchewan opportunities corporation ( soco ) supports saskatchewan ' s technology sector through the development and operation of research parks at the province ' s two universities
“weather , commodity prices , and infrastructure renewal are all factors that affect the crowns and their profitability , ” crown investments minister don mcmorris said . “the crowns were successful in managing these factors during 2015 - 16 while continuing to provide excellent customer service . ”
promoting best practices in governance by defining roles and authorities supported by advisory services to subsidiary crown boards and crown sector policies .
when he was a child henry crown had heard the message of america’s unlimited possibilities from his struggling parents . the company he built , material service corporation , formed the foundation of a portfolio that included investments in industries ranging from coal to natural gas and oil to transportation lines , real estate , banking institutions , insurance , electronics , aerospace , farming , meat packing , retailing , recreation and building material . a family dynasty born of an immigrant’s dream .
in 1919 henry and sol launched material service corporation with $ 10 , 000 capital – sol’s savings and henry’s stock investments . their decision to go into the material supply business in a city renowned for political graft , gangsterism and labor racketeering smacks of daniel walking into the lion’s den . the image is not too far fetched . through the years , as material service corporation grew , henry helped smash corrupt price - fixing practices in the industry . the al capone wannabees and the teamsters often tried to strong - arm him into compliance , and when that failed , tried to put him out of business .
cic is the holding company for saskatchewan ' s commercial crown corporations . saskatchewan gaming corporation ( sask gaming ) owns and operates casino regina and casino moose jaw . profits are transferred to the general revenue fund to meet legislated obligations to the first nations trust , the community initiatives fund and the mu00e9tis development fund . sask gaming also pays dividends to cic .
“he did not go back to get revenge , ” says henry’s son lester , who now runs material service corporation and sits on the board of general dynamics . “he was terribly grieved that the company was failing , and that they rejected his advice , but he never held personal grudges . ”
the henry crown fellowship program is sponsored by the world - renowned aspen institute with funding provided by the henry and gladys crown charitable trust fund . we are confident that it will have a positive impact on leadership in the 21st century and thus will constitute an enduring legacy of the life of henry crown .
bob and lester crown risked their father’s ire when they renamed the family holding company in his honor . by the 1970s the family had also begun to lend the colonel’s name to other projects such as the henry crown gallery at the chicago art museum , the henry crown field house at the university of chicago and the henry crown symphony hall in jerusalem . “all of this had to be done in code , ” said susan crown , lester’s daughter who now manages the family charitable foundations . “we had to get him to sign off on projects without knowing the name . ”
cic is the holding company for saskatchewan ' s commercial crown corporations . saskpower is the principal supplier of electricity in saskatchewan
cic is the holding company for saskatchewan ' s commercial crown corporations . saskenergy provides natural gas transmission and distribution services across saskatchewan
cic is the holding company for saskatchewan ' s commercial crown corporations . sasktel is the leading full service communications provider in saskatchewan
additionally , each year one individual will be chosen to receive the henry crown leadership award . the recipient will be an outstanding business leader whose activities exemplify the ideals of honor , integrity , industry and philanthropy that were the hallmarks of henry crown’s career .
but the colonel did not want personal recognition . money was given in the name of his father and mother , arie and ida , his brother sol , who died in the early days of material service , and son bob , who died tragically in a car accident in 1969 . projects in his son’s memory include the robert crown athletic center at hampshire college , the robert crown health center in hinsdale , ill . and the robert crown law school quadrangle and library at stanford law school . but the project that most touched the heart of colonel crown and bob’s children was more modest – the robert crown skating center at evanston , ill .
i fancy henry crown is smiling . in his long career , which began upon graduation from the eighth grade in 1910 and ended with his death in 1990 , he set a remarkably high standard of leadership . his dealings were based on trust . henry crown’s word was his bond , and he was never known to back down from an agreement or to deliver less than he had promised . the henry crown fellowship program seeks to inspire the next generation of business leaders to follow the precepts of values - based leadership in the tradition of henry crown .
saskatchewan’s crown corporations had consolidated net earnings of $ 342 million for the fifteen months ended march 31 , 2016 , up by $ 179 million from 2014 .
henry crown was born in 1896 in chicago , the city that spawned the great entrepreneurs cyrus hall mccormick , george pullman , potter palmer and marshall field .
for over forty years henry and gladys quietly donated millions of dollars to hospitals , churches , synagogues , arts programs and over 300 colleges . gladys died a year after henry in 1991 . it was her bequest to the henry and gladys crown charitable trust fund that provided the funds to establish the henry crown fellowship program .
in 1917 when he was 21 , henry and his brothers sol and irving launched a building materials brokering company . by 1928 their supply yards were spread throughout chicago ; their barges and tugs plied the rivers and lakes ; their trucks were on virtually every construction site in the city . their company , material service corporation , was strong enough to survive the great depression and prepare the way for unparalleled growth and expansion after world war ii – and a merger in 1959 with general dynamics , the nation’s largest defense contractor .
“with strong leadership and a focus on strategic priorities , efficiency and collaboration , the crown corporations will remain competitive and help build and maintain a strong saskatchewan , ” mcmorris said .
cic is the holding company for saskatchewan ' s commercial crown corporations . saskwater provides cost - effective solutions to help saskatchewan communities gain access to reliable and professional water and wastewater services .
no matter how powerful and successful he became , henry crown kept the same modest office , and the same affection and respect for the men and women who worked for his companies . crown – and his family – treated work colleagues like family . in one case , he got out of his sick bed in florida to fly back to chicago for the funeral of his chauffeur’s son .
henry crown controlled interests in american industry worth billions of dollars , but the stocks and bonds that were closest to his heart were character , principles , strongly held beliefs , high moral values , honor and integrity .
cic is the financially self - sufficient holding company for the province’s commercial crown corporations . in its oversight role , cic is responsible for developing broad policy control , directing investment , and routing dividends into the provincial government’s consolidated fund .
cic oversees and manages a comprehensive framework designed to strengthen governance , performance , and accountability of subsidiary crowns . cic also assists crown boards in discharging their responsibility of overseeing and directing the management of the crowns . cic is committed to implementing governance , reporting , and disclosure practices consistent with those of publicly - traded companies , where such practices can reasonably be applied to the public sector . specifically , cic provides oversight on behalf of the shareholder for the crown sector by :
in the ranking of america’s legendary business leaders , henry crown , an unassuming man of moderate height and build , stands as tall as the empire state building which he once owned . no one , and nothing , could keep him down .
“the ground breaking was grandpa’s last hurrah , ” said susan . “when he saw the name – the henry crown space center – his eyes lit up . he knew this was a place where children would discover the real possibilities of the modern world . ”
henry crown believed in the importance of ethics , honor , truth and hard work . he believed that business leaders had civic responsibilities to their communities and society . these are the values he taught his children and grandchildren and that live on in his family’s commitment to his vision .
the 2015 - 16 annual report includes the fifteen month period ending march 31 , 2016 . future reports will see a return to the twelve month reporting period . the fiscal year end was changed to march 31 in order to align the crown corporations with executive government planning and reporting .
when he went for his separation medical the doctor looked troubled . “your eye - sight is greatly deteriorated , ” he said . “and you’ve got a heart murmur . ” he wanted colonel crown to check into a hospital , but the colonel signed a medical waiver – and took his secret with him .
henry crown was , of course , spectacularly successful , rising from a $ 4 - a - week errand boy to become patriarch of one of america’s great family fortunes . but it was his demonstration that honor , integrity , community service and business success went hand in hand that made his career truly exemplary .
cic is the holding company for saskatchewan ' s commercial crown corporations . saskatchewan government insurance ( sgi ) conducts a competitive property and casualty insurance business in seven provinces . it also administers the saskatchewan auto fund , the province ' s compulsory auto insurance program and the provider of its driver ' s licensing and vehicle registration system
his favorite expression was “to cut through , ” says corky goodman , irving crown’s son - in - law . “he had amazing clarity of vision , an ability to separate the wheat from the chaff . to achieve this he insisted on all of us being very , very thorough . and woe to those who weren’t . ”
“that was a pet project of grandpa’s , ” said rickie crown , bob’s daughter . “he’d often walk over from his house on edgemere court and hang out to watch the skating rink being built . my kids use it now . it’s very special for them that this is something their great - grandfather wanted for them and the community . ”
henry crown was a warm and loyal friend . he was also a worthy foe . for all his warmth and humanity , he was a tough , bold and adroit negotiator . his attorney bert jenner called him a “precipice negotiator . ” he knew just how far to push . “but he was always above board , ” says ben gould , a senior partner of gould and ratner who was allied with henry crown for four decades . “he hated falsehood because he valued the truth so highly . he’d instruct us to cut off negotiations if one of the principals had done something unethical . i’m not talking about hard bargaining . he respected and enjoyed that challenge . i’m talking about dishonesty . ”
henry crown’s successes reinforced his belief that in america anything was possible – if you were willing to work for it . as a boy , he’d listened while his father lectured his socialist friends , who’d immigrated after the failed russian revolution , on the glories of capitalism . along with the opportunity , henry believed , came the responsibility to fight for his country .
as the company grew , he shared its wealth with his employees . “the colonel is taking us with him , ” his workers would say . “and that’s how it should be , ” said crown , who demanded the best from his workers and knew his success was in their hands . “the bottom line is effective people , ” he said . “reward them . ”
during his war service , henry crown suffered a devastating personal blow . bea , his wife of 23 years , became ill with cancer and died in 1943 . he struggled on through his personal crisis , worrying about his sons , and trying to submerge his grief in his military work . in 1946 he married gladys kay , who had been his personal secretary for many years .
that same year , 1949 , colonel crown outdid his friend hilton – he and some partners bought the empire state building from its builder jacob raskob for around $ 50 million . later the colonel bought out all his partners . as the building’s sole owner colonel crown became host to one of the world’s most famous tourist attractions . and the shy man who avoided the limelight was nationally prominent . he entertained queen elizabeth and prince philip , nikita khrushchev and fidel castro , who told him never to let in batista ( the cuban president overthrown during the castro revolution ) . he refurbished the building . he installed air conditioning . he reengineered the elevators to run faster . visitors rose from 350 , 000 a year to 1 . 6 million , providing income of $ 1 . 6 million from sight - seeing alone .
each year , approximately twenty of the highest - potential leaders in america business and other key institutions will be selected to participate in a two - year program of seminars , designed to sharpen their leadership skills in the context of readings that convey enduring values . the henry crown fellows will be young , diverse and highly motivated . and they will be joined by senior mentors chosen from among the nation’s most community - spirited business leaders .
in his lifetime , henry crown gave hundreds of millions of dollars to institutions that built opportunity for people : grants in education , arts and culture , health care and community development changed the lives of many americans . elliot stein , his investment advisor , said that henry’s marching orders to him were , “give it away to people who need it . i want to have less money at the end of the year than at the beginning . ”
when he left the service henry crown , by then a full colonel , had saved america and her allies hundreds of millions of dollars . his wartime efforts earned him the u . s . army’s highest non - combat honor , the legion of merit for “his unusual ability , resourcefulness and loyal devotion…and for materially aiding the nation’s war effort . ” the french and greek governments also honored him . back in the business world , henry became known simply as the colonel .
as he worked with henry crown , david lewis began to understand his motivation for getting control of general dynamics . “he wanted this company , of which he was one of the architects , to be a viable , national factor , ” explained lewis . “he wanted that far more than financial success . he wanted it to be an honorable company , to be respected , to contribute to the security of the nation because we had the capability and that was our business . ”
in his 80s colonel crown derived a deep , satisfying sense of personal achievement as material service flourished and general dynamics gained a worldwide reputation for excellence . in addition to the f - 16 there were many other triumphs , including the cruise missile family – the standard missile , the ram and the phalanx – that were so effective during the persian gulf war . general dynamics also built the stinger antiaircraft missile , the essential weapon in the afghans’ war with the former soviet union .
“he survived so well because he was a man of great discipline , ” says robert abboud , one - time executive at first national bank of chicago , who backed henry crown in some of his boldest ventures . “he was disciplined in mind , and in his personal habits . some entrepreneurs go basically on instinct and then rationalize their actions later . but he was unique . he had the instinct combined with the cerebral capacity . he was always a disciplined risk - taker . ”
business was flowing in , but what mattered most to henry crown wasn’t wealth but people . they were the source of his “greatest happiness and the reason for his greatest success . ” he built his career by forging friendships and partnerships which often ran so deep that they lasted a lifetime . he never saw business as a zero - sum game . he believed a successful deal should always benefit both sides . “the more transactions you make , the more friends you ought to make with them , ” he said .
early in the 1980s the family decided they’d like to contribute to chicago’s renowned museum of science and industry . they had already been instrumental in putting a captured german u - 505 submarine on display and had also helped create a coal mine exhibit . working with museum officials susan developed the idea for the space museum . “the family realized that it would serve as the ultimate tribute to henry crown , ” she said . “his proudest achievement was the progress in aerospace developed during his leadership at general dynamics . ” even greater was the pride he took in his country and its amazing scientific and technological breakthroughs .
throughout his long business career , henry was the embodiment of strict ethical values in business . “henry crown . . . prizes his honor in a way that would be familiar at camelot , ” wrote the new york times . “his reputation is more important to him than any possession . his handshake is as good as a signed contract . ” he had the habit of following the golden rule , even when it seemed against his best interests . he wasn’t given much to philosophizing , but when asked about his “unusual” business techniques he explained : “i’ve always believed that success comes as a result of honorable acts , not in spite of them . ”
in 1966 in a power play for strategic control of general dynamics during a crisis , the board betrayed henry crown and exercised a merger option to buy him out . cut off from the business he and his brothers had built over 47 years , he set out to build a new company for his family . in the act of rebuilding , he went back to his roots – buying stock in a small building materials company called dolese and shepherd , and investing in a fleet of barges and tow trucks and railroads . then he merged dolese with vulcan , another materials company . but always at the forefront of his concern was the fate of general dynamics .
thus henry crown enlisted in the corps of engineers . when they discovered what he did in civilian life they promptly appointed him a procurement officer , negotiating and buying materials for the u . s . government – the largest business in the world . unfortunately , from henry’s point of view , along with his job came a potential conflict of interest issue . he either owned or had financial interests in companies that could bid on government contracts . to eliminate any possible hint of a conflict of interest , he resigned from every business he ran , and from every board , and insisted that no bids be submitted and no purchases made from companies that he or his family were associated with .
he was a classic horatio alger rags - to - riches story . in 1912 when he was a 16 - year - old earning $ 6 a week as a freight - rate assistant , he enrolled in a night bookkeeping class . the assignment throughout the year - long course was to create a business and keep financial statements . at the end of the year the teacher announced that three students – four if he counted henry crown – were correct . “but henry , ” he said , “i told you to start the business with $ 2 , 000 – not $ 2 million . ” the class burst out laughing , but henry just grinned . “well , sir , ” he said , “i just added the extra zeros , but look how much greater the profit is . ”
he was deeply disappointed when he was rejected for first world war service because of poor eyesight . during world war ii he was determined to wear his country’s uniform . in 1941 , when he was 45 and father of three sons , robert , lester and john , then 21 , 17 and 13 , with his wife bea’s support he decided to enlist . this time he was determined not to let an eye - test stand in his way . he memorized the eye - chart and passed it . the next hurdle he had to overcome was the medical exam . he had a faint heart murmur , but on his brother sol’s suggestion he camouflaged the murmur by chatting incessantly while the doctor used his stethoscope . it was the only known instance in which henry crown resorted to trickery to accomplish his purpose , so great was his desire to serve his country .
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on march 22 , 2017 , the government of saskatchewan announced that the operating and capital subsidies to the stc would end and stc’s passenger and parcel services would cease by may 31 , 2017 .
cic is administering the distribution of reserve funds accumulated in the capital pension plan , retirement annuity fund pursuant to a court application . if , prior to january 1 , 1994 , you were employed with one of the 27 employers which contributed to the reserve funds , you may be an eligible beneficiary .
the most recent quarterly report on losses of public money for the period january 1 , 2018 to . . .
the most recent quarterly report on losses of public money for the period october 1 to december . . .
the most recent quarterly report on losses of public money for the period july 1 , 2017 to . . .
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the president ' s office is responsible for the overall direction of cic . it includes the communications and human resources units . the division :
this is the complete report , including all graphics and data tables in pdf format ( 1 . 22 mb )
establishing and monitoring performance management , including quarterly financial and performance reporting to the cic board of directors .
kpmg llp ( kpmg ) has been retained to assist with the liquidation of certain physical assets . kpmg is soliciting written proposals from interested parties for the acquisition of certain stc assets either en bloc or parts thereof .
miscellaneous equipment and other items , including it hardware , maintenance equipment and office furniture and fixtures .
the assets are being sold on an “as is , where is” basis and cic , stc and kpmg provide no representations or warranties , express or implied , with respect to title , condition or fitness for use .
interested parties must be qualified in order to participate in the process and are required to submit their written proposal by no later than 5 : 00 p . m . central standard time , october 2 , 2017 .
proposals will be accepted until 2 : 00 p . m . , central standard time , october 4 , 2017 .
proposals must be submitted on forms provided by the ministry of central services . instructions to bidders and proposal forms may be obtained by contacting the ministry of central services at the above address , telephone : 306 - 787 - 2001 , or at urltoken .
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cic paid a $ 297 million dividend to the general revenue fund in 2015 - 16 .
during 2015 - 16 , $ 1 . 8 billion was spent on capital projects . a significant level of capital spending will continue into 2016 - 17 in order to meet the demands of growth and infrastructure renewal in the province .
the bdic promotes financial independence , assists communities in capturing economic development opportunities , and helps develop a diverse and viable northern economy . the bdic’s role is promoting and maintaining economic development and employment . this role has both economic and social aspects .
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this creator of vast empires of factories and machines and jobs and wealth was the son of a russian street peddler . he left school in the eighth grade to deliver groceries . at the height of his powers he ate at the table of presidents , and yet every day he nurtured his lifelong friendships .
during a career that spanned this century and culminated in his control of general dynamics , he became one of this country’s greatest philanthropists . he sat in the most powerful boardrooms in america , and he knew his employees by name and cared about them like family .
when he died in 1990 at the age of 94 , he left a legacy of greatness and goodness hardly matched in the history of corporate america .
but success itself was never the end he sought . for him the possibilities were always endless , the challenges were never fully met . the spirit of entrepreneurial endeavor that set him apart as a teenager never left him , and when he was 70 he proved it – by starting over again .
he knew that the money borrowed to buy him out would plunge the company into financial crisis . although he had no intention of trying to remain on the board – he never stayed where he wasn’t welcome – he had suggested they delay the transaction . they declined .
as he’d predicted , general dynamics stocks began to fall . he openly began to buy . he amassed more as the stock sank lower and lower . four years after he was ousted , he had become the leading shareholder . by 1970 he was back in control of general dynamics . he appointed david lewis of mcdonnell douglas as president .
with henry’s vision and a clear track to implement it , the company moved into its most profitable and important years , producing the atlas rocket , polaris and trident submarines , the m - 1 tank , the stinger anti - aircraft missile and the f - 16 fighter jet .
three years earlier , henry’s father arie had arrived in the city with his horse and cart , eager to put down roots and build a life with his bride ida . his journey in search of freedom and a future had taken him 12 , 000 miles from a village near minsk . the columbian exposition , the showcase of america’s world leadership in industrial power and technology had drawn millions to chicago’s streets . even arie , a true believer in the american dream , never imagined that several decades later his third - born son henry , one of seven children , would play a crucial role in building chicago into a world - renowned city .
when henry left school at age 14 , his parents were too poor to pay the 50 cents for his graduation photo . henry quit his job as a grocery store delivery boy on the first day when he discovered that his job opening was the result of a boy being fired – the very boy who was now training him . “i’m not going to prosper at someone else’s expense , ” henry told his boss . it didn’t matter that the boy would still lose his job . henry wanted no part of it . after an unsatisfactory year of dead - end jobs delivering newspapers , selling shoes and doing clerical work , henry decided it was time for a job with prospects .
inspired by magazine stories with titles like “pluck and luck” and “fame and fortune , ” he wrote 40 letters to the presidents of chicago companies asking for a job . the manager of union drop forge , a manufacturer of steel machine tools , interviewed and hired him because he had “so much imagination . ” as the years passed henry made progress in the firm but was denied the senior jobs he wanted because he was so young .
he decided the way to solve that was to have his own business . eventually , he found a business niche for which he didn’t need much capital , or equipment , or office space . best of all , no one else had thought of it . he brokered steel mill overruns , buying at mill price , which was $ 20 per ton lower , discounting $ 10 to his customers and keeping $ 10 for profit .
in the late 1920s , henry found himself trying to negotiate employee wages with teamsters’ local representative jim norris , who was still holding his union position while he was doing prison time for murder . when norris’s term in prison was over , he was paroled into the custody of the owner of one of the city’s largest construction material companies . the results of this arrangement were hardly surprising . no strike had been called against material service , but the unionized employees just failed to show up , bringing the business to a standstill . with the help of state senator john daily , chair of a senate hearing into unfair labor practices , henry broke the impasse , which didn’t increase his popularity with the union .
at times like these henry’s formidable networking skills reaped rewards . “i discovered that there were more honest labor leaders and politicians than dishonest ones , ” he said , “so i did business with them . ” by 1928 this outsider who had stepped into the ring with 80 other material supply companies was the declared champion . his company went public . the initial shares traded at $ 28 . the new offering described material service as “one of chicago’s largest , if not the largest , dealer in concrete materials . ” the company had 5 , 000 active accounts divided between building and paving , and had recently acquired a stone quarry .
as his circle of friends expanded , so did his business – the “ripple effect , ” his son lester calls it . a friendship with attorney arnold grant led to a meeting with colonel jacob raskob , who helped found general motors and dupont chemical , which later led to the purchase of the empire state building . ownership of the building led to involvement with tenant lou rosentiel , which led to a long - term partnership with the tishman family . and on and on it went .
henry took great pleasure in mentoring young people with potential . and he had an unerring sense of their abilities . one example was young robert anderson , son of a swedish immigrant who’d been henry’s loyal banker and friend . robert rejected henry’s efforts to lure him into the cement business when he graduated from the university of chicago . “i really want to go into the oil business , ” anderson said . “well , you should do what you want to do , ” henry told him . he took out a loan on young anderson’s behalf , and helped him launch an oil concern in new mexico . he stayed involved for years giving advice and financial support when needed . anderson rose to become the ceo of arco .
henry’s vision was sharpest when he was under fire . it was adversity , more than anything , that sparked his determination . it drove him to roll up his sleeves and fight his way through the roadblocks . the results were often brilliant innovations , and new technologies .
when the teamsters shut down material service’s delivery department , he looked for alternative and less expensive transportation systems to truck and rail freight . taking advantage of the just - completed navigable channel in the chicago river , he moved his distributing yards to the riverside and started to use barges to haul his materials . one barge could carry as much as 50 train cars . this reduced his transportation costs from $ 1 . 68 a ton to 32 cents a ton – and business soared . then he bought his own source of material , a sand and gravel plant , with a $ 200 , 000 loan from the bank . next he built a state - of - the - art barge . the barge had a continuous belt - loading system that allowed for self - loading and unloading , which dramatically cut labor costs .
his tow boats were built with collapsing pilot houses so they could pass under bridges . when the barge was idle , it cruised the lake operating as a sand - sucker , and , not so incidentally , the barge was fitted with a classifier , which sorted the sand according to size while the barge was cruising down to the supply yards . henry’s company was the first to bring the redi - mix concrete process to chicago . and when the teamsters attempted to kill the idea , he convinced them that it would create more work for its members – not less . he was right .
he loved the building and it was a bitter blow to him when in 1961 , during a time of financial crisis at general dynamics , he felt compelled to sell the building to raise money . the sale – to harry helmsley – was extremely profitable but it could have been more so , if the colonel had not turned down an extra $ 1 million profit from a late bidder . he had given his word that he was going to close the deal and he would not go back on his word . “one can’t afford to be dishonorable , ” he said . “keeping your word is the least you can do . no one should get any credit for that . ”
he also believed that employees should share in the company’s success . when he came out of the army in 1946 he set up an employee pension plan that was a model of its kind . “dad had a tremendous regard for the men and women who had been loyal to him , ” said his son lester who was active in the business with him . “he put together probably the finest profit - sharing plan conceived at that time . ”
his generosity attracted the attention of time magazine , which wrote about the respect his employees had for him . there was almost no turnover at his companies . the employees didn’t have to contribute a penny to their pension plan .
they received up to 15 percent of their annual income , which henry invested for them , doubling and tripling their money . but he refused to invest their funds in this own company . “i didn’t want the employees to think we were exploiting them , ” he said .
“henry believed that to achieve any goal there could be no compromise with integrity , hard work , perseverance against all odds , infinite patience and unflinching loyalty , ” said his wife gladys . “his philosophy of ‘giving’ was always that it must be of oneself . these qualities , i believe , were the foundation of henry’s success . ”
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nutrien produces and distributes over 26 million tonnes of potash , nitrogen and phosphate products for agricultural , industrial and feed customers world - wide . combined with our leading agriculture retail network that services over 500 , 000 growers , we are well positioned to meet the needs of a growing world and create value for our stakeholders .
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a strong corporate governance framework ensures the interests of our stakeholders are at the centre of every decision we make .