Canada’s deal with the European Union applies to the carriage of both passengers and cargo and is based on a loosening of Canadian restrictions on foreign ownership and comes at a time that Canada’s leading carrier, Air Canada, struggles withfinancial turmoil. Specifically the agreement initially provides airlines “unlimited freedoms to operate direct services between any point in Canada and the 27-country EU trading bloc.†Additional carrier rights take … [Read more...] about EU & Canada sign air deal leading to open skies
Air Canada
EU & Canada sign air deal leading to open skies
Canada’s deal with the European Union applies to the carriage of both passengers and cargo and is based on a loosening of Canadian restrictions on foreign ownership and comes at a time that Canada’s leading carrier, Air Canada, struggles withfinancial turmoil. Specifically the agreement initially provides airlines “unlimited freedoms to operate direct services between any point in Canada and the 27-country EU trading bloc.†Additional carrier rights take … [Read more...] about EU & Canada sign air deal leading to open skies
Air Canada liquidity is of prime concern: CEO
Air Canada posts C$400 million loss, seeks 'immediate' pension relief Air Canada reported a first-quarter net loss of C$400 million (US$342 million), nearly 40 per cent greater than the C$288 million loss a year earlier. Air Canada’s new president and CEO Calin Rovinescu said the carrier is urgently seeking relief from its pension funding obligations. Rovinescu told shareholders at the company's AGM in Montreal, that the carrier has a "pressing need to achieve an alternate pension … [Read more...] about Air Canada liquidity is of prime concern: CEO
Shake-up at Air Canada with new CEO
Stung by a C$1.03 billion ($824.3 million) loss in 2008 and the pending dissolution of parent company ACE Aviation Holdings, Air Canada surprised the market with the announcement it was undertaking a major restructuring that includes the resignation of president and CEO Montie Brewer. Brewer, who joined AC as an executive VP in 2002 and was elevated to the top job in 2004, will be succeeded by Calin Rovinescu. Rovinescu served as executive VP-corporate development and strategy at AC between 2000 … [Read more...] about Shake-up at Air Canada with new CEO
Cargo priority on Canada’s W. Coast
It’s tempting to observe that Canada has pretty much ‘missed the boat’ when it comes to air cargo. With an airport system long in the hands of government bureaucrats, a near solitary focus on passengers and the absence of any Canadian cargo-savvy passenger airline, let alone a globally-focused, dedicated cargo carrier, has all conspired to give air cargo a very low profile at the majority of airports across the country. It is surprising considering the vast country was … [Read more...] about Cargo priority on Canada’s W. Coast
Air Canada
Air Canada has announced the president and chief executive officer of Air Canada Cargo, Claude Morin is its new vice president, Global Sales. Morin succeeds Marc Rosenberg, vice president, Sales and Product Distribution, who will be retiring fromAir Canada this year. … [Read more...] about Air Canada
