Rovinescu to retire as Air Canada CEO in February

Portrait photo of Air Canada CEO Calin Rovinescu

Calin Rovinescu will retire on Feb. 21 after nearly 12 years as CEO of Air Canada (TSX: AC), the airline announced Friday. It named Deputy CEO and CFO Michael Rousseau to replace him.

Rovinescu is highly regarded as a top airline chief for having saved Air Canada from bankruptcy and setting it up for sustainable profitability, better labor relations and improved customer service. 

Since taking the helm in 2009, revenues and passenger traffic hit records and Air Canada’s share price experienced...

Cruise Industry Plans To Axe 23 Famous Cruise Vessels

Unveiled in 1990, Carnival Fantasy is the oldest ship in the Carnival fleet. (Photo by Andy Newman courtesy of Carnival Cruise Line).
  • Cruise departures around the world halted due to coronavirus concerns.
  • Industry’s biggest players are starting to talk about permanently retiring parts of their fleets.
  • Carnival Corporation had preliminary agreements to dispose of six of the vessels in the next 90 days.
  • It said it also was working to remove additional ships from its fleet.
  • Norwegian Cruise Line Holdings, also told TPG that ship retirements in the industry were likely.
  • Age is one obvious marker of whether a vessel is on the way...

Could You Live on a ‘Retirement Ship’ Full Time?

According to an article published in Daily Mail UK, the Queen loved her royal yacht so much that she openly wept when it was decommissioned in 1997.

Love for yachts

This is where I can truly relax, she said of Britannia, which had been her floating haven for 44 years and had hosted Winston Churchill, Noel Coward, Nelson Mandela, and several U.S. presidents in its 56-seat dining room.

She also transported four royal couples on their honeymoons — most memorably Prince Charles and Diana in 1981.


Astounding Ways to Retire Onboard a Cruise Ship

According to an article published in Vents Magazine, one thing that many people believe is planning to retire on a cruise ship. This can also allow you to fulfil your dream of travelling the world and the beauty of nature through the blue waters.

How Much Does It Cost?

If you are someone who planned for an average retirement you are likely to spend $82,000. And this amount of money can work up to 46,000 per month. One thing you can do to have a magnificent retirement is to make sure that you...

Yank Marine’s New Jersey yards up for sale

John C. Yank Jr., owner and operator of Yank Marine, announced today that his shipyard business is up for sale. Yank said he has been in the boatbuilding business for more than 50 years, and it’s time to call it quits.

“… timing is everything and now it is time for me to retire. I have raised 6 children and I am now taking the time to really enjoy my 12 grandchildren and my 2 great-grandchildren,” Yank said in a letter addressed to Friends, Colleagues and Fellow Business Owners. “I want to have...

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