At2 - The Terrace Standard, Wednesday, November 9, 2005

TERRACE STANDARD

| Business REviEw

F, Steney a
tests oe Rahy teeny

i | Border patrollers

‘INSPECTORS Bickle, left, and Hague recruit Canada Customs agents at the ©
», Skeena Mall’ s career fair last week. Hague says 30 to.50 agents will be hired.
. pert year to work at the Prince Rupert container port. DUSTIN QUEZADA PHOTO

He

organization plan.

° The extension, granted Nov. 4 in Van-
couver Supreme Court by Mr. Justice Eric
Rice, suits the company, says general. man-
~ ager Tom Beshr.

“Now that we have the 45 days, we can -
"prepare a plan we°can stand ‘behind and
said Beshr late last

: feel: comfortable with,”
week. oo

_Hawkair. was ‘rst granted protection Oct.
7, citing its inability. to pay its bills based on

the money it is making.

- The company - blamed rising: fuel bills,
rising insurance costs and having to lower
~ fares to. compete with Air Canada. ~ 3

It is also paying for aircraft now worth
‘Jess than their original purchase price be-
cause there is a surplus of aircraft-on the
- open market because of a general. decline in’

the aviation industry.

Topping the creditor list are two compa-
nies, Field Aviation and IMP Group Ltd.,
who are still owed $12.6 million on loans

Protection ex ended

LOCAL AIRLINE Hawkair has been given
AS more days of protection from. creditors
so it can prepare and present a financial re- *,

made so Hawkair could buy its three Dash
8-100 aircraft.
But those aircraft are now worth an esti-

mated $7.5 million and Hawkair is now ne-

said Beshr. ..

money.”

craft back.

“The reality is there are probably 40 air-.
planes on the market now that we could get
for much less that the amount we are now
hesaid. * ~—,

- But Beshr said Hawkair also « owes anoth- ,
er $2.3 million to unsecured creditors.

_ “We also have to come to some sort of
terms with that, ” he added.

Paying.

gotiating with those two companies to match
payments with their current value.
“We’ve been negotiating back and forth,”

“I can imagine they’ re not happy. At the ©
end of the day they’re going to lose a lot of 7

But Beshr noted the two companies
.would lose more if they took the three air-

c Since the summer, ‘the company has cut

routes, laid off employees and generally re-
duced operating costs in an effort to correct
its financial situation.

Out & About —

‘THE. VANDERHOOF and

District Co-op has been
added to the top 50 non-
financial co-operatives in
Canada list. The Vanderhoof
_ Co-op ranked number 48
on “the ‘list announced . by
Parliamentary — "Secretary
_ Wayne Easter Nov. 3.

The co-op owns the fuel
cardlock station here’ in Ter-

race and other cardlocks in

Houston, Burns Lake, Fraser
Lake, Fort St. James, Van-
derhoof and Prince, George.

It also owns a shopping .
‘store, —

mall, convenience

“Look around at B.C.

turn to Prosper!’

2

© Committed to unity. Committed to the future!

cardlock and mini-storage
outlet in Vanderhoof. The
Co-op recorded revenues of
$57.6 million in 2004.
BEEBE

‘THE OFFICES of Royal

LePage will be moving into

a new location this spring.
The local . real ‘estate

agency recently purchased

what is now the Lazelle

Ave. offices for the K’san
House Society at 4724 La-

. zelle Ave.

The construction. of the
society’s new transition
home and offices is expected

communities of 20,000, they have multiplexes,
they have convention centers, they have unlimited potential. It is our

° Unity will attract new investment.
‘ Unity will guarantee our future and help us realize our potential!

* Unity will make Terrace a destination of choice for future investors!

Promote unity, promote amalgamation.
and guarantee our future. ©

| November 19"

Vote Croot

for Terrace City Council

to be complete by Dec. 1 at

which time Royal LePage

will move in and begin reno- -

vations, says owner Erika
Langer.
“It suits our needs and

T’ve always thought a real

estate office would be good
in a house,” Langer says.
“We want to decorate it as
though you are coming in to
a home — rather than a recep-
tion area itll be like you’re
coming into a living room.”

Royal’ LePage Terrace’

has nine realtors working
out of its Terrace office.

‘COMMUNITY “

sciencecclebration

Join
Science World
and our local ; partners
for €ye-popping,
“blowing Ping. mind-
lowing Presentations,
UeMonstrations.
and hands on :
activities!

Event:

at: Community Science Celebration
Date:

November 19, 2005
Time: 10:30am- 4:00pm
Location: Northwest Community College
mo _ The House of Birch/Waap Haawk
Terrace, BC

Amber Didow 1 -800-363-1611
adidow@scienceworld.ca

David Belford 1 -877- 297- 6747
contact@nsis.ca

SW Contact:

NSIS Contact: -

SCIENCE
Wé2RLD

BRITISH COLUMBIA

Progeam tor the Awar
aad Learning ot Scien

= Everything must be sold! =

‘First Come all First Served! |

uP TO.

at
ALL LISTED PRICES! §

HERE’S JUST SOME
OF WHAT’S ON ‘SALE!

© Generators © Tools 7

Stihl Trimmers @ Chain-Saws . |
‘Safety Gear © Lubricants «© Wire Rope
Industrial Hardware @ Shop. Supplies
* Lawn Mowers * °. Snowblowers hoe

“8