Air Canada has announced the introduction of daily year-round flights from Montreal to Shanghai, China, beginning 16 February 2017. This marks Air Canada's first direct service to China from Montreal as well as the introduction of B787-8 Dreamliner aircraft on the service. "Building on Air Canada's success in the rapidly growing Chinese market we are delighted to announce Air Canada's first direct flights between Montreal and China with the launch of Montreal-Shanghai service next year," said … [Read more...] about Air Canada to launch nonstop Montreal-Shanghai flights
Calin Rovinescu
Air Canada to deploy new B787-8 to Brisbane
Commencing on 17 June 2016, Air Canada will begin a new direct service Vancouver-Brisbane, Australia three times weekly with its new fleet of B787-9 Dreamliners. “Air Canada continues to strategically expand its international network with the addition of our second Australian destination – Brisbane,” said Calin Rovinescu, Air Canada’s president & CEO. “The new route increases our presence in the Asia Pacific market at a time when trade and travel in the region and between North America is … [Read more...] about Air Canada to deploy new B787-8 to Brisbane
Air China, Air Canada to form JV
Air Canada and Air China have concluded a memorandum of understanding setting out the main principles for a comprehensive revenue sharing joint venture providing for an enhanced partnership on routes between Canada and China. The JV will provide for enhanced cooperation between the two carriers in the areas of sales, marketing and airport operations, as well as generate additional service and pricing benefits for consumers travelling between the two countries. Subject to Air Canada and Air … [Read more...] about Air China, Air Canada to form JV
AMERICAS: Air Canada raises C$1 billion in financing
Air Canada, which has been working its way out of a liquidity crisis that was threatening to push the company into bankruptcy proceedings for the second time since 2003, has raised more than one billion Canadian dollars (US$923 million) in new financing. Canada’s largest airline, a unit of ACE Aviation Holdings, was under the gun to raise at least C$600 million in order for new concessionary labor contracts with five Canadian unions to go into effect. The new contracts will hold … [Read more...] about AMERICAS: Air Canada raises C$1 billion in financing
Air Canada clears last labour hurdle
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
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
