Tag: Air Canada

Air Canada Will Get C$5.9B Aid From Canadian Government

Reading Time: < 1 minute Air Canada has received a long-awaited aid package from the Canadian government, which equals C$5.9 billion ($4.69 billion) in funds. Chris Murray, managing director, equity research at ATB Capital Markets, said the deal took into account the “specific needs of Air Canada in the short and medium-term without being overly onerous.” He added: “It gives […]

Air Canada Has Resumed Boeing 737 MAX Flights

Reading Time: < 1 minute On February 1, Air Canada became the second Canadian airline to resume Boeing 737 MAX flights after WestJet following the recent ungrounding on January 18. According to RadarBox.com, the first flight after the grounding was conducted between Montréal–Trudeau International Airport (YUL) and Toronto-Pearson (YYZ). The other planned routes are Toronto and: Halifax, Montreal, Ottawa, Edmonton, […]

Air Canada Cancels 40% of Orders For Boeing 737 MAX and Airbus A220 Jets

Reading Time: < 1 minute Air Canada will cancel some of its orders for Boeing 737 MAX and Airbus A220 jets trying to mitigate the losses it faced due to Covid-19. The number of canceled orders represents 40% of the company’s total deliveries. This uneasy step announced during Air Canada’s earnings call on Monday is inevitable as the company’s losses […]

Air Canada Refinances 18 Airbus A220 Aircraft

Reading Time: < 1 minute Air Canada today announced that it recently completed two longer-term refinancing transactions for a total amount of approximately $1.52 billion, replacing short-term facilities. The first transaction consists of a committed Secured Facility totaling $787.7 million to finance Air Canada’s purchase of the first 18 Airbus A220 aircraft with a term of 12 years from the […]

Air Canada Launches Infinite Canada Flight Pass

Reading Time: < 1 minute Canada’s flag carrier today introduced its new Infinite Canada Flight Pass, designed to give customers the ultimate in flexibility and certainty for booking travel within Canada. It is an unusual decision for the premium class airline, but all the moves trying to boost sales and air travel might help recover the business faster. The pass […]

Air Canada Secures Additional $909 Million in Cash

Reading Time: < 1 minute In order to battle with the crisis provoked by the pandemic, Air Canada has raised additional $909 million (C$1.23 billion) in cash by closing two additional financing transactions. According to a statement, since the beginning of the pandemic in March, the airline has secured a total of $4 billion (C$5.5 billion) of liquidity. The recent financial […]

Air Canada Reconfigures Cabins of Boeing 777-300ER for Cargo

Reading Time: < 1 minute In light of still growing need for additional cargo capacity, Air Canada has decided to reconfigure the cabins of its three passenger jets – Boeing 777-300ER – to secure more space for cargo supplies. Air Canada has a separate division dedicated to cargo. However, it seems that it is not enough to meet the demand. […]

Air Canada Places Its First Airbus A220 Into Revenue Service

Reading Time: < 1 minute The first Airbus A220-300 aircraft has finally joined the fleet of Air Canada and took off for its maiden commercial flight between Montreal and Calgary. Air Canada is the first North American carrier to operate the larger variant of Airbus A220 family: A220-300. The aircraft will feature a two-class configuration with 137 seats in total. […]

Air Canada Takes Delivery of Its First A220

Reading Time: < 1 minute Air Canada has taken delivery of its first A220-300, designed, built and delivered from the Mirabel A220 programme facilities in Canada. The first aircraft out of an order of 45 will enter service in January 2020, making Air Canada the first airline to operate the A220-300 in North America. The A220 will enable the Montreal-based […]

Air Canada’s First A220-300 Takes to the Skies

Reading Time: < 1 minute The first A220-300 for Air Canada has successfully completed its inaugural test flight from the Mirabel A220 final assembly line in Canada. The first of 45 aircraft for Air Canada is scheduled to be delivered to the Montreal-based airline in the coming weeks. With its first A220 commercial flight in early 2020, Canada’s flag carrier […]