Air Canada

Air Canada gets Envirotainer box approval

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Air Canada has been given approval by the county’s regulatory authorities, Transport Canada, to carry Envirotainer’s RKN e1 container for temperature sensitive cargoes between +2 to +25ºC. “This is great news for Air Canada Cargo and for our customers. With the RKN e1, we are able to offer our customers another specialised solution for the transportation of temperature sensitive shipments,” said Lise-Marie Turpin, Managing Director, Air Canada Cargo. This … [Read more...] about Air Canada gets Envirotainer box approval

Air Canada clears last labour hurdle

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Cash-strapped Air Canada has cleared the last hurdle in its attempt to avoid a second bankruptcy filing, following the carrier's last holdout union approval of a new labor contract that contains no raises or pension payments for 21 months. Canada's main airline, a unit of ACE Aviation Holdings Inc., now has wage and pension agreements with all five of its Canadian unions that will save Air Canada precious cash and more importantly meet the conditions neccesary for getting new financing. "These … [Read more...] about Air Canada clears last labour hurdle

EU & Canada sign air deal leading to open skies

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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

EU & Canada sign air deal leading to open skies

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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

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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

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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