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Air Canada (AC.TO)

AC.TO on Toronto Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Air Canada says all of its Boeing 737 Max 8s do have the 2 safety features that were offered by Boeing at extra cost - CBC News
Thursday, 21 Mar 2019 01:13pm EDT 

March 21 (Reuters) - :AIR CANADA SAYS THAT ALL OF ITS BOEING 737 MAX 8S DO HAVE THE 2 SAFETY FEATURES THAT WERE OFFERED BY BOEING AT EXTRA COST - CBC NEWS.  Full Article

Air Canada Says Identified C$72 Mln Cost Savings Opportunities For 2019 - Presentation
Thursday, 28 Feb 2019 09:09am EST 

Feb 28 (Reuters) - Air Canada ::AIR CANADA - ALREADY IDENTIFIED $72 MILLION COST SAVINGS OPPORTUNITIES FOR 2019 - PRESENTATION.AIR CANADA - 18 BOEING 737 MAX AIRCRAFT TO ENTER FLEET IN 2019.AIR CANADA - FIRST A220 AIRCRAFT TO ENTER THE FLEET IN 2019.AIR CANADA - A330 CONVERSIONS TO BE COMPLETED BY SUMMER 2020.AIR CANADA - UNDER COST TRANSFORMATION PROGRAM, SEES SAVINGS OF $250 MILLION BY END OF 2019.AIR CANADA - LEVEL OF PROJECTED CAPITAL EXPENDITURES TO DECLINE BY $1.4 BILLION BY END OF 2021, WHEN COMPARED TO 2019.AIR CANADA - BY MIDDLE OF NEXT DECADE, CERTAIN ROUGE AIRCRAFT WILL NEED TO BE REPLACED DUE TO THEIR AGE.AIR CANADA - IFRS 16 ADDS $200 MILLION TO PROJECTED CAPEX DUE TO HIGHER CAPITALIZED MAINTENANCE.AIR CANADA - PURCHASING MAJORITY OF 2019 AIRCRAFT DELIVERIES WITH EXCESS CASH.  Full Article

Air Canada To Implement Recently Increased Foreign Ownership Levels
Friday, 15 Feb 2019 11:26am EST 

Feb 15 (Reuters) - Air Canada ::AIR CANADA TO IMPLEMENT RECENTLY INCREASED FOREIGN OWNERSHIP LEVELS.PRIOR TO CTA AMENDMENTS, NO MORE THAN 25% OF VOTING INTERESTS OF A CANADIAN AIR CARRIER COULD BE OWNED OR CONTROLLED BY NON-CANADIANS.WILL SEEK SHAREHOLDER APPROVAL TO AMEND ITS ARTICLES OF INCORPORATION TO INCREASE LIMITS OF FOREIGN OWNERSHIP.AMENDMENTS TO ARTICLES WILL BE UNDERTAKEN BY WAY OF A COURT SUPERVISED AND SHAREHOLDER APPROVED STATUTORY PLAN OF ARRANGEMENT.  Full Article

Air Canada To Strategically Increase Capacity On Transborder Markets
Thursday, 14 Feb 2019 07:00am EST 

Feb 14 (Reuters) - Air Canada ::AIR CANADA TO STRATEGICALLY INCREASE CAPACITY ON TRANSBORDER MARKETS.AIR CANADA - MORE FREQUENCIES ADDED FROM TORONTO TO MINNEAPOLIS, PHILADELPHIA AND AUSTIN.AIR CANADA - UPGRADED REGIONAL JET SERVICE FROM TORONTO TO NASHVILLE, WASHINGTON DULLES AND MEMPHIS.  Full Article

Air Canada Announces Equity Investment Of $97.26 Mln In Chorus
Monday, 14 Jan 2019 09:44am EST 

Jan 14 (Reuters) - Air Canada ::AIR CANADA ANNOUNCES IMPROVEMENTS TO CAPACITY PURCHASE AGREEMENT WITH JAZZ AVIATION LP (A SUBSIDIARY OF CHORUS AVIATION INC.) AND EQUITY INVESTMENT OF $97.26 MILLION IN CHORUS.AIR CANADA - MICHAEL ROUSSEAU, DEPUTY CEO AND CHIEF FINANCIAL OFFICER OF AIR CANADA, WILL BE APPOINTED TO CHORUS' BOARD OF DIRECTORS.  Full Article

Aimia's Shareholders Approve Sale Of Aimia Canada To Air Canada, Reduction Of Stated Capital
Tuesday, 8 Jan 2019 11:45am EST 

Jan 8 (Reuters) - Aimia Inc ::AIMIA'S SHAREHOLDERS APPROVE SALE OF AIMIA CANADA TO AIR CANADA AND REDUCTION OF STATED CAPITAL.AIMIA INC - AIMIA EXPECTS TRANSACTION TO CLOSE IN COMING DAYS.AIMIA INC - RESOLUTION REGARDING TRANSACTION WAS APPROVED BY HOLDERS REPRESENTING 96% OF CO'S SHARES.AIMIA - DEAL APPROVED BY HOLDERS REPRESENTING 78% OF CO'S SHARES WHO VOTED ON RESOLUTION REGARDING STATED CAPITAL REDUCTION.  Full Article

Acquisition Of Aeroplan Loyalty Business By Air Canada Clears Regulatory Requirements
Monday, 24 Dec 2018 07:30am EST 

Dec 24 (Reuters) - Air Canada ::ACQUISITION OF AEROPLAN LOYALTY BUSINESS BY AIR CANADA CLEARS REGULATORY REQUIREMENTS.DEAL FOR $450 MILLION IN CASH.AIR CANADA REMAINS IN NEGOTIATIONS WITH AMERICAN EXPRESS TO SECURE ITS CONTINUED PARTICIPATION IN AEROPLAN PROGRAM AFTER 2020..DEAL INCLUDES ASSUMPTION OF APPROXIMATELY $1.9 BILLION OF AEROPLAN MILES LIABILITY.VISA WILL ALSO BE MAKING A PAYMENT TO AIR CANADA.IN ADDITION, TD AND CIBC WILL MAKE PAYMENTS TO AIR CANADA, AT CLOSING, IN AGGREGATE AMOUNT OF $400 MILLION AS PREPAYMENTS.IN RECEIPT OF REQUIRED CONFIRMATION UNDER CANADA TRANSPORTATION ACT AND A "NO ACTION LETTER" ISSUED BY CANADIAN COMPETITION BUREAU.  Full Article

Air Canada Strengthens Liquidity By $345 Mln With Completion Of Two Financial Transactions
Friday, 21 Dec 2018 07:00am EST 

Dec 21 (Reuters) - Air Canada ::AIR CANADA STRENGTHENS LIQUIDITY POSITION BY $345 MILLION WITH COMPLETION OF TWO FINANCIAL TRANSACTIONS.AIR CANADA - TRANSACTIONS INCREASED AIR CANADA'S REVOLVING LINES OF CREDIT BY APPROXIMATELY $600 MILLION.AIR CANADA - AS OF SEPT. 30, 2018, AIR CANADA HAD RECORD UNRESTRICTED LIQUIDITY OF $5.309 BILLION.AIR CANADA - IN FIRST TRANSACTION, LED BY JPMORGAN CHASE BANK, EXISTING SECURED REVOLVING CREDIT FACILITY WAS INCREASED FROM US$300 MILLION TO US$600 MILLION.AIR CANADA - IN FIRST TRANSACTION, LED BY JPMORGAN CHASE BANK, MATURITY DATE EXTENDED FROM 2021 TO 2023.AIR CANADA - US$800 MILLION SECURED TERM LOAN (US$792 MILLION OUTSTANDING) WAS REDUCED TO US$600 MILLION FOLLOWING A US$192 MILLION CASH REPAYMENT..AIR CANADA - NO CURRENT PLANS TO DRAW ON THESE REVOLVING LINES OF CREDIT.  Full Article

Air Canada Says Air Canada Vacations Got An Increase In Bookings
Thursday, 29 Nov 2018 07:00am EST 

Nov 29 (Reuters) - Air Canada ::AIR CANADA - ON NOV. 23, AIR CANADA VACATIONS GOT AN INCREASE OF MORE THAN 300% IN BOOKINGS COMPARED TO A NORMAL BOOKING DAY.  Full Article

Aimia And Air Canada Enter Agreement For Purchase Of Aeroplan Loyalty Business
Monday, 26 Nov 2018 08:00am EST 

Nov 26 (Reuters) - Aimia Inc ::AIMIA AND AIR CANADA ENTER INTO DEFINITIVE AGREEMENT FOR PURCHASE OF THE AEROPLAN LOYALTY BUSINESS.AIMIA AND AIR CANADA ENTER INTO DEFINITIVE AGREEMENT FOR PURCHASE OF THE AEROPLAN LOYALTY BUSINESS.AIMIA INC - AEROPLAN LOYALTY BUSINESS TO BE SOLD TO AIR CANADA FOR ALL-CASH PURCHASE PRICE OF $450 MILLION.  Full Article

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South Korea's Asiana fails to get accounting sign-off; shares suspended

SEOUL South Korea's second-biggest carrier Asiana Airlines Inc said on Friday an independent auditor has not signed off its 2018 financial statements due to a lack of information, rendering its stock at risk of being added to a watch list.