Business Briefs News

MBI Business Brief – July 29, 2022

Departures Level, Winnipeg Richardson International Airport. Photo provided by Winnipeg Airports Authority.

New air carrier to launch in Winnipeg

Canada Jetlines Operations Ltd. announced on July 25 that it will begin operations in Manitoba with its inaugural flight arriving on August 15. Canada Jetlines will fly from Toronto’s Pearson Airport to Winnipeg Richardson International Airport for the first time next month.

“The entire team at Canada Jetlines is excited to offer passengers a convenient route from Toronto to the beautiful city of Winnipeg starting on our inaugural day of August 15th,” said Eddy Doyle, CEO of Canada Jetlines. “We are thankful to the regional community and airport for their welcoming support. We greatly look forward to our first flight to Winnipeg and intend to offer more travel options to the residents of Manitoba soon.”

Canada Jetlines will offer special, limited time fares for flights from Toronto Pearson to Moncton, NB and Winnipeg.

“We’re thrilled to have Canada Jetlines as our newest airline partner at Winnipeg Richardson International Airport and are excited to be part of its inaugural flight,” said Nick Hays, President, and CEO of Winnipeg Airports Authority. “There’s a strong demand for travel right now, as indicated by the increasing numbers of passengers we’ve welcomed at YWG over the past few months. We look forward to working with Canada Jetlines to provide more options for our community and help stimulate the local tourism industry’s economic recovery.”

Winnipeg Richardson International Airport sees increase in passenger traffic

Winnipeg Airports Authority announced its Q2 results on July 25, reporting that over 775,000 people travelled through the airport in Q2, hitting 71 per cent of pre-pandemic numbers for the same period three years ago. Compared to the second quarter of last year, the latest three-month passenger total for the airport is up 569 per cent. As well, the cargo sector saw growth in Q2 2022.

WAA’s consolidated revenue for Q2 2022 was $33 million, up 65 per cent from the same period the previous year. Earnings before interest, depreciation and taxes were $16.2 million up from
$2.4 million Q2 2021.

“There’s nothing more enjoyable for us than providing our community the opportunity to head out on a new adventure or reconnect with the people and places they love to visit,” said WAA president and CEO Nick Hays. “We expect the exciting trend of increasing passenger numbers to continue throughout the summer as more and more people hop aboard a plane. At the same time, we’re keeping a close eye on some potential disruptors to our recovery that have recently emerged, such as staff shortages throughout the airline industry.”

NFI Group welcomes back president and CEO

NFI Group president and CEO Paul Soubry has returned to his role following a medical leave due to an aortic aneurysm. Soubry departed in May due to his diagnosis, and Brian Dewsnup, president of NFI Parts, was announced as acting president and CEO in Soubry’s absence.

Soubry has been approved for work by his medical team, and will join NFI Group’s Q2 earnings call on August 3.

“It is great to be back at the helm of NFI as we prepare to scale up our production to capitalize on our growing backlog and strong order activity. While certain supply and parts availability challenges continue to impact NFI, our team’s production and delivery plans are advancing well, which we will discuss in detail during our second quarter results call,” said Soubry. “I want to thank my fellow Board Directors, Brian Dewsnup, and the entire NFI executive team for their leadership during my absence, and the entire NFI team for their continued dedication to our mission of leading the ZEvolution to electric mobility.”

New name for Richardson Centre at U of M

The University of Manitoba announced on July 26 that the Richardson Centre for Functional Foods and Nutraceuticals has changed its name. The centre will now be known as the Richardson Centre for Food Technology and Research (RCFTR). According to the U of M, the new name better reflects the centre’s mission and collaboration with the agri-food industry.

“The University of Manitoba’s role as leader in food processing and nutrition science is greatly enhanced by our ability to collaborate with industry partners in tackling new technologies and innovations. The critical R&D and training provided by RCFTR supports a vibrant and rapidly growing Manitoba food sector,” said UM vice-president (research and international) and distinguished professor Dr. Digvir Jayas.

Located at the Fort Garry campus, the 55,000-square-foot research and development centre is home to a federally regulated grain milling and dry fractionation facility, analytical testing services for food ingredients, and a nutritional research unit that conducts clinical nutrition trials. As well, RCFTR offers office, laboratory, test kitchen and pilot plant space for food research.

“We are excited to announce the new Centre name, a key part of our strategic vision that includes intensifying research, enhancing collaborations and aligning with provincial and national mandates related to food research,” said Dr. Rotimi Aluko, RCFTR director. “The RCFTR is uniquely positioned to help our industry partners with our combination of researcher expertise, pilot plant and analytical services and clinical nutrition trials.”

Board member exits Delta 9 Cannabis

Delta 9 Cannabis announced on July 27 that long-time board member Joanne Duhoux-Defehr has resigned her seat on the company’s board effective immediately.

“Ms. Duhoux-Defehr has been instrumental in her support of Delta 9 at the board level since 2017 as we have scaled the Company into one of Canada’s largest vertically integrated cannabis operators,” said John Arbuthnot, CEO. “On behalf of the Company, I wish to thank Ms. Duhoux-Defehr for her years of service on the board of directors.”

uBreakiFix opens new location in Winnipeg

uBreakiFix has opened another franchise store in Winnipeg at 1375 McPhillips Street. Owned by Mike and Josiah Wiebe, the location offers “professional repair services for most anything with a power button, including smartphones, tablets, computers, game consoles, and more.”

“At uBreakiFix, we are committed to excellence in everything we do, from the customer experience to the quality of service they receive,” said franchise co-owner Mike Wiebe. “We will strive to provide Winnipeg a go-to tech repair solution that offers an efficient, affordable, and friendly experience when devices break.”

Coming soon: Boyd Group Services Inc. Q2 results on August 10, 2022.

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