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It is hard to believe we are now six months into 2009 and the economic uncertainty continues with violent swings. This month it is the strength of the Canadian dollar which affects the lumber market significantly and what was believed to be a stable lumber market for the next three months in early May is turning out to be a major concern with lumber buyers backing off purchasing lumber because of exchange rate risk.
John Kuch monitors the lumber market daily selling CML’s lumber and has an excellent handle on where the market is going and this allows our management team to have the necessary information we need to plot the course. We are using this information to determine the logging operation’s viability so we may see some interruptions while we work with the lumber marketplace.
The month of June is the start of contract for the Martin Mars (C-FLYL) which will be located in Lake Ellsinore in Southern California and S-61 (C-FCLM) that will be based in Santa Ynez in Southern California as well. Both aircraft start around the middle of June with the Mars on contract to the middle of November.
Bringing the Mars out of an extensive refit of the cockpit as well as other maintenance of the aircraft has been an overwhelming task at times and I would like to extend my gratitude to all the team members of the Mars program. We also bring on contractors, as part of the external team, who also deserve much credit. "URGEL’s", an excellent company that keeps our equipment painted and looking first class, has a very dedicated and hard working group that we can always count on. Thank you.