All Air Canada articles – Page 7
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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.
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AnalysisWhy airline CEOs should think counter-intuitively during a crisis
Airline chief executives need to act swiftly during the coronavirus crisis, but should also remember that counter-intuitive actions might lead to better outcomes – particularly when it comes to short-term hits to the balance sheet. Those were among the key messages heard during the FlightGlobal webinar Airline chiefs on surviving ...
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In depthUS carriers race to shrink fleets as nearly 400 near-term aircraft deliveries loom
The speed at which a handful of US passenger airlines bounce back from the coronavirus pandemic will to a large degree determine how significantly the virus downturn wallops airframers Airbus and Boeing.
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NewsAir Canada to cut 16,500 workers
Air Canada says it is cutting 16,500 employees and slashing its network by up to 90% in April and May, confirming earlier reports in Canadian media.
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NewsPassenger sues five Canadian carriers
Canadian airlines Air Canada, WestJet, Swoop, Air Transat and Sunwing have been accused of breach of contract in a class action lawsuit filed in the province of British Colombia for refusing to give passengers refunds to purchased tickets after the coronavirus severely impacted both domestic and international air travel.
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NewsCanada has ‘concerns’ about Air Canada-Transat merger
The Competition Bureau of the government of Canada says it has “competition concerns” about the planned takeover of Transat by Air Canada.
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NewsAir Canada to reinstate some international routes to repatriate citizens
Air Canada will reinstate some international connections in an effort to repatriate citizens who have become stranded overseas as a result of the global coronavirus pandemic.
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NewsAir Canada temporarily lays off 5,100 cabin crew: union
Air Canada is reportedly temporarily laying off 5,100 cabin crew as the coronavirus hits its business, forcing it to ground aircraft and take significant capacity out of its network.
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NewsAir Canada 777-300ER rejects take-off behind aborting E190
Canadian investigators have detailed an incident in which an Air Canada Boeing 777-300ER aborted take-off at 110kt after its crew saw that a preceding Embraer 190 had aborted its own take-off roll on the same runway. The 777 had been cleared to line up on Toronto’s runway 06L immediately after ...