All Air Canada articles – Page 7
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NewsAir Canada reports Q3 loss, defers aircraft deliveries
Air Canada reported another quarterly loss as it continues to shrink its fleet and defer aircraft deliveries amid a slow recovery hindered by ongoing strict travel restrictions in the country.
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NewsCanada considers financial aid for aviation industry
The government of Canada has said it is considering financial aid for that country’s aerospace industry, as the coronavirus crisis drags on.
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NewsAir Canada Rouge relaunches with Cancun flight
Air Canada Rouge on 2 November flew passengers from Toronto to Cancun, Mexico, marking the first time it has operated since the start of the coronavirus pandemic travel downturn in March.
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NewsNationalise Air Canada? Union floats idea of returning to government ownership
A Canadian union has floated the idea of re-nationalising legacy carrier Air Canada in light of the “disheartening impact” of the coronavirus pandemic and the government’s lack of support for the industry.
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NewsAir Canada will fly all-business-class A319s to warm-weather cities this winter
Air Canada will deploy all-business-class configured Airbus A319s on selected scheduled routes this winter as it searches for passengers after the coronavirus decimated Canada’s air transport industry.
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NewsAirlines delaying setting schedules to ‘last minute’
Market uncertainty means traditional network planning rules have disappeared in North American market
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NewsAir Canada chief Rovinescu to retire in early 2021
Long-standing Air Canada chief executive Calin Rovinescu is to retire in February and will be replaced by his deputy and chief financial officer Michael Rousseau.
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News
Air Canada and Transat sharply discount takeover deal
Air Canada and Transat AT, the parent company of Air Transat, have renegotiated the terms of their planned tie-up, sharply discounting the price per share. The move was prompted by the devastating impact of the coronavirus on the air transport industry. The two Montreal-based carriers stated on 10 October that ...
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NewsAir Canada 737 Max transactions garner $365 million
Air Canada has sealed sale-and-leaseback transactions for three Boeing 737 Max 8 aircraft with Jackson Square Aviation and six Max 8 aircraft with Avolon for total proceeds of $365 million. Boeing delivered these nine Max aircraft to Air Canada during the past three years, the carrier stated 8 October in ...
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NewsCan e-commerce deliver for airlines?
Passenger traffic growth is likely to remain sluggish for some time, but freight remains a bright spot for airlines
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NewsAir Canada reports second-quarter loss of C$1.8bn
Air Canada posted a stunning C$1.8 billion ($1.5 billion) loss during the second quarter, as the coronavirus shut down almost all air travel in the country, and government-imposed restrictions kept passengers away.
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NewsAir Canada re-ups appeal to end quarantine requirements
Air Canada has reiterated its call for the government of Canada to ease four-month-old coronavirus-prompted travel restrictions that have disrupted the country’s aviation industry and which continue to be a severe drag on air transport.
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NewsAir Canada chief executive blasts government for maintaining travel restrictions
Air Canada’s chief executive Calin Rovinescu excoriated the government of Canada for maintaining draconian coronavirus-prompted travel restrictions across the country, hindering the air transport industry’s ability to return to any semblance of normal operations.
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NewsAir Canada raises additional C$1.23bn in cash
Air Canada has raised additional liquidity to help keep itself afloat as the coronavirus pandemic drags on.
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NewsTransat-Air Canada merger pushed to fourth quarter
Transat AT, the parent company of Canadian holiday specialist Air Transat, says its merger with legacy carrier Air Canada is still on track and now due to close sometime in the fourth quarter of 2020.
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NewsAir Canada looking to quit Transat deal: reports
French-language media in Canada report that legacy carrier Air Canada is looking to exit its planned takeover of Transat AT, the parent company of Air Transat, as Canada’s biggest airline attempts to manage through the coronavirus crisis while preserving its liquidity.
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NewsAir Canada-Transat tie-up faces European competition scrutiny
Air Canada’s proposed acquisition of Transat AT, the parent of leisure carrier Air Transat, is to face scrutiny from European competition regulators. The European Commission is concerned that the tie-up could “significantly” reduce competition on 33 city-pairs between Canada and the 30 countries of the European Economic Area. These city-pairs ...
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NewsAir Canada expects recovery to take three years
Air Canada incurred a C$1.05 billion ($744 million) net loss in the first quarter of 2020, compared with a C$285 million net profit a year ago, and is warning that it will take “at least three years” for revenue and capacity levels to return to those seen in 2019.
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NewsAir Canada to halt all US flights on 27 April
Air Canada will suspend all USA-Canada flights on 27 April, slashing its 11 remaining US routes due to an extension of travel restrictions between the nations.
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NewsAir Canada to apply for federal wage subsidies
Air Canada is seeking newly available federal wage subsidies for 36,000 domestic employees, including roughly 16,500 workers who have already lost their jobs.