Air Canada News

Mediator Named For Air Canada Pension Talks

June 4, 2009

Canada has appointed a mediator to try to settle disagreements between Air Canada and its unions and retirees over the future of the airline's pension plan, Finance Minister Jim Flaherty said on Thursday.
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Air Canada May Face Pension Cash Crunch - Report

May 28, 2009

Air Canada is facing a pension payment in nine weeks that could create a cash crunch and place the airline close to breaching credit covenants, the Globe and Mail reported.
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Air Canada Wins Relief On Credit Card Terms

May 25, 2009

Air Canada has won some breathing room from one of its key credit card processors, the cash-strapped airline said on Monday.
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Groupe Aeroplan Posts Lower Q1 Profit

May 12, 2009

Groupe Aeroplan on Tuesday posted a lower quarterly profit and said current market conditions, with reduced consumer expenditures, make it difficult to predict 2009 performance.
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Air Canada Loss Widens On Revenue Drop

May 8, 2009

Air Canada said on Friday its quarterly loss deepened by 39 percent as demand continued to weaken, and the country's largest carrier said difficult conditions will continue through 2009.
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Air Canada Asks Unions For Pension Deal

May 4, 2009

Air Canada said on Monday it was seeking support from its unions for "a moratorium and other conditions" on funding its more than CAD$3 billion (USD$2.5 billion) pension deficit, but at least one of the unions warned against gutting its pension plans.
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Minor Injuries As Air Canada Plane Hits Turbulence

April 24, 2009

An Air Canada flight from Australia to Canada made an unscheduled landing in Hawaii on Friday after some passengers and crew suffered minor injuries when the plane hit turbulence.
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Air Canada Likely To Need Court Protection - Analyst

April 3, 2009

Air Canada needs to make sharp cuts in its aircraft fleet and operations, and probably cannot do that without filing for bankruptcy protection, an analyst warned on Thursday.
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New Air Canada Bosses May Get Months To Solve Woes

April 2, 2009

Air Canada's new senior executives may get a few months to solve thorny staff contract and pension deficit issues as the recession bites before they are forced to do so under bankruptcy protection.
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Air Canada Stock Sinks As Restructuring Weighed

March 31, 2009

Air Canada shares sank 22 percent on Tuesday as analysts speculated the resignation of its chief executive, and the naming of a replacement known for his restructuring expertise, may signal its second filing for creditor protection in six years.
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