Air Canada changes credit card service provider
Thu 29th July 2010
Air Canada has accepted a proposal from a new service provider for the provision of its principal credit card processing services requirements in North America for Visa and MasterCard, for a five-year term beginning at the expiry of the current agreements being replaced. Air Canada and the credit card processor have agreed to triggering events upon which Air Canada would be required to provide the credit card processor with deposits. The obligation to provide, and the amount of, deposits required would be based upon a matrix measuring, on a quarterly basis, both a fixed charge coverage ratio and unrestricted cash of Air Canada. Agreement between Air Canada and the credit card processor is subject to certain conditions, including conclusion of formal documentation. (http://www.aircanada.com)Related Articles from News
AC set to double China lift
Fri 25th June 2010
 With the official signing of the Approved Destination Status (ADS) agreement between China and Canada, Air Canada has moved quickly to take advantage of the new deal, which allows Chinese leisure travellers to visit Canada more easily.
The carrier has announced that it will be doubling its capacity between Toronto and China beginning this fall with the introduction of daily flights year-round to Shanghai, Beijing
|
Air Canada reports May traffic
Mon 7th June 2010
 For the month of May, Air Canada has reported a system load factor of 82% on a consolidated basis with Jazz (from which Air Canada purchases regional capacity), versus 79.5% in May 2009, an increase of 2.5 percentage points. System traffic increased 9.7% on a system wide capacity increase of 6.4%. "Led by a nearly 30% increase in the Pacific, traffic grew faster than capacity in every segment, resulting in higher load
|
Air Canada updates on flight cancellations
Fri 16th April 2010
 Air Canada has advised that it has cancelled its flights today to and from the following European airports it serves - London Heathrow, Paris Charles de Gaulle, Frankfurt, Munich, Zurich and Geneva. The flight cancellations are the result of the spread of volcanic ash over northern Europe due to volcanic activity in Iceland which has caused a number of European airports to close and airspace being restricted until
|
Air Canada reports March traffic
Thu 8th April 2010
|
For the month of March, Air Canada reported a system load factor of 82.1% on a consolidated basis with Jazz (from which Air Canada purchases regional capacity), versus 80.7% in March 2009. System traffic increased 9.6% on a capacity increase of 7.7% system wide. "We are pleased to report a year-over-year increase in both our load factor and traffic for the month of March. Through the first quarter, our traffic rose
|
Air Canada, Asiana Airlines build strategic partnership
Tue 6th April 2010
|
Air Canada has entered into talks to explore a closer co-operation with Korea's Asiana Airlines that would result in enhanced service in the Canada-Korea market. A Memorandum of Understanding to build a strategic partnership was signed by the two Star Alliance partners last week. This follows an Open Skies agreement signed by Canada and Korea in 2009 which further liberalized air transportation services between the
|
Related Articles from Airlines
Air Canada reports February traffic
Mon 8th March 2010
|
For the month of February, Air Canada reported a system load factor of 78.4% on a consolidated basis with Jazz (from which Air Canada purchases regional capacity), versus 79.6% in February 2009, a decrease of 1.2 percentage points. System traffic increased 5.5% on a capacity increase of 7.1% system wide. "I am pleased with our results for the month of February... compared to the previous two years' record load factors
|
Air Canada resumes flights to Santiago, Chile
Fri 5th March 2010
|
Air Canada is resuming scheduled service to Santiago, Chile, following the re-opening of Arturo Merino Benitez International Airport (SCL) to commercial operations. Air Canada's five times weekly service to Santiago, via Buenos Aires, Argentina, resumes today (March 4). Service to Santiago, Chile was suspended Feb. 27 following the closure of the airport as a result of the earthquake in the region. (http://www.aircanada.com)
|
Air Canada operates fourth humanitarian mission to Haiti
Fri 5th February 2010
|
Air Canada continues to support relief efforts in Haiti and will dispatch its fourth dedicated aircraft full of humanitarian relief supplies tomorrow (Feb. 6). The flight to Port-au-Prince is co-ordinated with Foreign Affairs and International Trade Canada (DFAIT), the Canadian International Development Agency (CIDA), World Vision, the ONEXONE Foundation, and Health Partners International Canada. All available space
|
Air Canada welcomes new Canada-EU air agreement
Mon 21st December 2009
|
Air Canada applauds Friday's signing of a comprehensive air transport agreement between Canada and the European Union (EU). "Today's (Friday) signing by Canada of a comprehensive air transport agreement with the 27 Member States of the European Union marks an important development in increasing access to Canada's second largest trading partner," said Duncan Dee, executive vice-president and chief operating officer.
|
AC reports November traffic
Mon 7th December 2009
|
For the month of November, Air Canada reported a system load factor of 74.7% on a consolidated basis with Jazz (from which Air Canada purchases regional capacity), versus 77.6% in November 2008. System traffic decreased 1.2% on a capacity increase of 2.7% system wide. "This result produced in the traditionally slower off-peak travel season is also a reflection of the ongoing effects of the weak economy on the industry,"
|