Air Canada Announces Pricing of Upsized Offering of Unsecured Notes

Air Canada announced today that it has priced its previously announced private offering of senior unsecured notes. The offering was upsized from the previously announced US$300 million aggregate principal amount as Air Canada entered into a purchase agreement with a syndicate of initial purchasers relating to US$400 million of 7.75% senior unsecured notes due 2021 … Dowiedz się więcej

Air Canada is the First Canadian Airline to Offer Customers Wi-Fi Connectivity on board Aircraft across North America

AC 107 (35,000 FEET, EN ROUTE TO CALGARY) – Air Canada, the first Canadian carrier to offer customers in-flight Wi-Fi connectivity, plans to begin rolling out connectivity across its North American fleet in May under an agreement with Gogo®, the airline announced in a release issued today from one of its Wi-Fi-equipped aircraft. The agreement … Dowiedz się więcej

Air Canada rouge Expands to Western Canada

Air Canada today announced that its leisure carrier subsidiary, Air Canada rougeTM, is expanding to Western Canada to serve a number of predominantly leisure markets from Vancouver and Calgary to Los Angeles,San Francisco, Las Vegas and Anchorage.  Flights on these routes, currently operated by Air Canada, will be converted to Air Canada rouge service beginning this spring, as will flights to San Diego from Toronto. In addition, … Dowiedz się więcej

Air Canada Reports February Traffic Results

For the month of February, Air Canada reported system wide traffic growth of 3.8 per cent on a capacity increase of 4.9 per cent. Air Canada’s system load factor was 79 per cent, versus 79.8 per cent in February 2013, a decrease of 0.8 percentage points. Air Canada reports traffic results on a system-wide basis, including Air Canada rougeTM, which began operations on July 1, … Dowiedz się więcej

Air Canada Comments on Jazz Benchmark Arbitration

Air Canada provides the following statement on yesterday’s decision in the arbitration relating to the benchmarking provisions of its Capacity Purchase Agreement (’CPA’) with Jazz Aviation LP (Jazz), a wholly owned subsidiary of Chorus Aviation Inc. The arbitration relates to the method and calculations Air Canada and Jazz are to use to compare the rate … Dowiedz się więcej