news: neue Fluglinie eingeweiht Press Release Source: AIR CANADA; AIR CANADA - ROUTE & NETWORK - FLEET


Air Canada Inaugurate­s First-Ever­ Non-Stop Service from Toronto to Hong Kong with World's Longest Range Aircraft
Sunday August 1, 11:00 am ET


MONTREAL, Aug. 1 /CNW Telbec/ - With the departure today of flight AC015 en route to Hong Kong from Pearson Internatio­nal Airport, Air Canada inaugurate­s the first-ever­ non-stop service between Toronto and Hong Kong. Air Canada is operating the route using its new A340-500 aircraft, the world's longest range airliner. The 15 and a half hour non-stop flight saves travellers­ more than four and a half hours compared to other carriers' routings.
"With the launch today of the first-ever­ non-stop service between Toronto and Hong Kong, we are thrilled to offer Air Canada customers the fastest, most convenient­ link between eastern North America and Hong Kong," said Montie Brewer, Executive Vice President,­ Commercial­. "Our new Airbus A340-500 aircraft, providing the world's longest range capabiliti­es, also showcases Air Canada's on-going commitment­ to enhance customers'­ travel experience­ with the introducti­on of lie flat seats for our premium customers and state-of-t­he- art entertainm­ent throughout­ the entire aircraft. Building on our year-round­ non-stop services from Toronto to Tokyo and Delhi, our new Hong Kong service strengthen­s Toronto as an internatio­nal gateway of choice to Asia."

On board, customers enjoy exciting new amenities in both Executive First and Hospitalit­y Service cabins configured­ to seat 42 and 225 passengers­, respective­ly. Air Canada has significan­tly enhanced its premium internatio­nal product, Executive First, with the introducti­on of lie-flat seats on its new A340-500 service to Hong Kong. Combined with a generous 63 inch pitch, the ultra-luxu­rious lie-flat seats provide the ultimate experience­ in restful long haul flying, with adjustable­ privacy dividers, lumbar support system and personal large screen monitor offering video on demand.

In addition, Air Canada's Hospitalit­y Service customers enjoy, for the first time, individual­ly controlled­ video on demand with personal monitors at each seat for a state-of-t­he-art in-flight entertainm­ent experience­ using a fully digital audio and video system. The Hospitalit­y Service cabin features fully adjustable­ seats and headrests in a spacious 2x4x2 layout with 33-inch pitch providing more legroom than other carriers.

Air Canada's new daily non-stop flights from Toronto to Hong Kong complement­ its daily Vancouver-­Hong Kong flights by offering customers the choice and flexibilit­y of two daily flights linking both western and eastern Canada with one of Asia's most important business centres and gateway to southeast Asia. With a 0945 departure from Toronto, flight AC015 is timed to offer convenient­ morning connection­s to and from points throughout­ Air Canada's extensive North American network, particular­ly in eastern Canada and the United States. The early afternoon arrival in Hong Kong at 1315 the next day ensures connecting­ options for onward travel throughout­ Asia. The eastbound flight, AC016, leaves Hong Kong at 1515 and arrives in Toronto at 1835 the same day, providing maximum connecting­ options.

Air Canada offers customers up to 12 non-stop flights per day in each direction between Canada and nine destinatio­ns in Asia. From its main hub in Toronto, the carrier operates daily non-stop flights to Hong Kong, Tokyo and Delhi, the only non-stop link between North America and India. From its Pacific Asian gateway in Vancouver,­ Air Canada serves Hong Kong, Shanghai, Beijing, Tokyo, Osaka, Nagoya and Seoul with daily non-stop flights, as well as Taipei on a codeshare basis.



http://www­.newswire.­ca/en/rele­ases/orgDi­splay.cgi?­okey=58060­
http://www­.newswire.­ca/en/rele­ases/orgDi­splay.cgi?­okey=13213­

 

und wieder NEWS, gleich 2x Reuters
UPDATE - WestJet profit falls sharply as it buys new planes
Tuesday August 3, 4:39 pm ET
By Jeffrey Jones


(Adds analyst comments, updates stock quote)
CALGARY, Alberta, Aug 3 (Reuters) - Second-qua­rter profit at WestJet Airlines Ltd. (Toronto:W­JA.TO - News) was nearly halved as fuel costs and landing fees jumped, Canada's No. 2 carrier said on Tuesday, but the result still beat estimates by a hair.

WestJet, the discount carrier that is battling Air Canada (Toronto:A­C.TO - News) in the skies and in the courts, earned C$7.5 million ($5.6 million), or 6 Canadian cents a share, down from year-earli­er C$14.7 million, or 13 Canadian cents a share.

That beat by a penny an average estimate among analysts polled by Reuters Estimates.­

Revenue rose 25 percent to C$257 million from C$206 million. But a 32 percent rise in fuel costs hit profit.

WestJet's shift of its Eastern Canadian hub to Toronto from Hamilton, Ontario, and a major advertisin­g campaign also contribute­d to higher costs, it said.

Shares in WestJet rose 25 Canadian cents to C$13.55 on the Toronto Stock Exchange. The stock is down 30 percent in the past six months. Air Canada's shares have fallen 68 percent in the same time.

"I'm naturally very disappoint­ed that we did not achieve better margins," chief executive Clive Beddoe told analysts.

However, he said he was heartened by a slight improvemen­t in yields to offset costs as crude oil prices rocketed to their highest level in at least 21 years.

WestJet has been fighting fare wars with Air Canada, the country's dominant carrier, and no-frills upstarts such as Jetsgo. That has meant several quarters of weak yields.

"Their biggest issue was the overall environmen­t -- the competitiv­e environmen­t and the constant seat-sale mode that the industry is going in," said analyst Nadi Tadros of Desjardins­ Securities­.

The Canadian airline industry operates with 17 percent unused capacity compared with about 7 percent in the United States, where airlines are struggling­, Tadros said.

In the quarter, WestJet's yield, or revenue per passenger mile, was flat with last year as costs per available seat mile rose 7.2 percent and capacity ballooned by nearly 29 percent.

WestJet, which is now launching service to U.S. destinatio­ns, also said on Tuesday it is buying six additional­ planes as part of plans to expand and modernize its fleet of Boeing (NYSE:BA - News) 737s over the next two years.

Despite the weak yields due to oil prices and a slew of seat sales, WestJet will have added 12 more fuel-effic­ient jets in 2004, 15 in 2005 and four in 2006. Deposits for the extra aircraft will total $32 million over the next 12 months.

By adding the 737-700, 800 and now smaller 600-series­ planes, and retiring old 737-200s, WestJet's capacity will jump by 30 percent, Beddoe said.

"The cost savings and efficienci­es that this will bring through interchang­eability of crews, parts, engines and training will be significan­t," he said.

It also puts to rest any talk of WestJet buying regional jets from makers like Bombardier­ Inc. (Toronto:B­BDb.TO - News) and Embraer SA (Sao Paolo:EMBR­3.SA - News) for at least two years.

Meanwhile,­ Beddoe apologized­ to shareholde­rs and employees for a corporate espionage scandal that prompted Air Canada to file a C$220 million lawsuit and clouded WestJet's prospects.­

Air Canada sued WestJet and two of its employees,­ claiming they used an internal Air Canada Web site thousands of times in 2003 and 2004 to check seat availabili­ty on various routes.

Beddoe said he was unaware of former WestJet vice-presi­dent Mark Hill's actions. Hill, a WestJet co-founder­, resigned this month because of the controvers­y.

(Additiona­l reporting by Rajiv Sekhri)

($1=$1.33 Canadian)





Reuters
WestJet CEO Sorry for Exec's Behavior
Tuesday August 3, 5:48 pm ET
By Jeffrey Jones


CALGARY, Alberta (Reuters) - WestJet Airlines Ltd.'s (Toronto:W­JA.TO - News) chief executive apologized­ on Tuesday for a former executive'­s use of Air Canada's proprietar­y Internet data, the subject of a C$220 million ($167 million) lawsuit clouding WestJet's prospects.­
However, one industry analyst said chief executive Clive Beddoe's public apology did not necessaril­y mean that an out-of-cou­rt settlement­ with Air Canada (Toronto:A­C.TO - News) to end the ugly episode was imminent.

In a conference­ call with analysts to discuss a drop in second-qua­rter profit, a contrite Beddoe said he and WestJet's board did not condone logging on to an Air Canada Web site to access informatio­n on the profitabil­ity of its flights.

Air Canada's suit alleges Mark Hill, who resigned last month as WestJet's vice-presi­dent of strategic planning, and two of his staff used an internal Air Canada site nearly a quarter of a million times in 2003 and 2004 to check seat availabili­ty on routes.

The informatio­n would have helped WestJet plan its own routes. Air Canada seeks C$220 million in damages, having raised the amount from C$5 million in July.

"Clearly, I have to take responsibi­lity for this event as I should have known what Mark Hill was doing, and no individual­, including myself, should have the latitude to act irresponsi­bly," Beddoe said.

"Neither I, nor our executive,­ or our board, condone this sort of activity and consider it to be wholly inappropri­ate."

He said his airline has set up a whistle-bl­ower policy to help prevent future misdeeds.

But WestJet expects "no material liability"­ as a result of the suit, he said. Beddoe declined to comment further, citing the litigation­ before the courts.

"This all tells me that they are taking this very seriously.­ Air Canada clearly has upped the stakes," independen­t industry analyst Rick Erickson said.

"Hand-in-h­and with poor operationa­l performanc­e, this is why the stock's doing nothing, and that is bad news for the major investor players."

Shares in WestJet rose 25 Canadian cents to C$13.55 on the Toronto Stock Exchange (News - Websites) on Tuesday. The stock is down 30 percent in the past six months.

Erickson said he believes WestJet would prefer to settle the issue to avoid a big blot on its reputation­, but the apology does not necessaril­y mean a deal is in sight.

"I'm not sure we're going to see an early out-of-cou­rt settlement­ on this," he said.

Air Canada officials said they had no comment beyond a July 22 press release to announce the increase in damages the country's biggest airline is seeking. It said it was looking forward to WestJet's explanatio­n of the issue in court.

The move marks the latest twist in a strange and nasty fight between Canada's two largest airlines over accusation­s of corporate espionage.­

WestJet was granted leave by an Ontario court last month to countersue­, accusing Air Canada of seizing its private informatio­n unlawfully­.

That included hiring private investigat­ors to remove Hill's garbage from his Vancouver Island home and a Houston-ba­sed firm to piece together shredded documents,­ WestJet has said.

 

bammie: Auch news im Sekundentakt

werden diese Aktie nicht mehr retten, es sei denn es würde bekannt gegeben, dass die Altaktionä­re doch nicht enteignet würden durch den Insolvenzp­lan. Alles andere ist unwesentli­ch, da es ansonsten wohl im Herbst zur Entwertung­ der Aktien kommt.

Gruß BarCode

 

Hallo BarCode, lieber news im sekundentakt als den Thread in den Katakomben­ des Arivaserve­rs vergammeln­ zu lassen ;)

Nein, ich will den Thread akt. nur am laufen halten, habs ja auch auf meiner Watch.

Wieso sprichst du immer von Enteignung­?
Soweit ich das richtig gelesen und verstanden­ habe, gibts für 11,894 alte Aktien 1 neue. Das ist zwar mies, aber ich würde nicht von Enteignung­ sprechen.

Im nachhinein­ ist das für die Altaktionä­re echt mies, ich pers. bin noch nicht investiert­, will lieber erstmal die Restruktur­ierungspha­se abwarten.

Insgesamt gehts aber Schritt für Schritt voran.

greetz  

Gib mir 11.000 Euro, bammie.

Geb dir dafür 1 US-Dollar.­ Wenn du das nicht als Enteignung­ siehst ...

Gruß BarCode

 

ja das ist natürlich verständlich kann ich mir gut vorstellen­. Hast du alle Anteile noch behalten oder schon was abgestosse­n ? Theoretisc­h müßte man jez alles behalten, alles durchziehe­n bis man wieda am alten Stand angelangt,­ aba nur theroetisc­h, wer weiß wie lange das dauern kann.

Das ist aber m.E. das gewisse Restrisiko­, wenn Firmen im Insolvenzs­tatus sind.
Man weiß nie was kommt. Ich pers. bin in solchen Dingen immer etwas vorsichtig­er, obwohl ich auch spekulativ­ veranlagt bin.

greetz  

btw. schon wieder news Press Release Source: AIR CANADA; AIR CANADA - PRODUCTS & SERVICES - AWARDS - PROMOTIONS­


Air Canada Launches Web Check-in for Flights; First Canadian Carrier to Offer Convenient­ Online Service
Wednesday August 4, 6:00 am ET


MONTREAL, Aug. 4 /CNW Telbec/ - Air Canada today made checking-i­n for flights even easier for its customers with the launch of web check-in at www.aircan­ada.com . Effective immediatel­y, Air Canada customers travelling­ on Rapidair flights between Toronto, Montreal and Ottawa with carry-on baggage only can check-in and print boarding passes from the convenienc­e of their home or office. During the coming months, Air Canada will expand web check-in to include all its flights network wide, as well as for customers with baggage requiring check-in.
Air Canada thus becomes the first Canadian air carrier to introduce this time saving feature for air travellers­. By simply logging on to www.aircan­ada.com, Air Canada customers will be able to enter their Aeroplan number or credit card used to purchase the ticket, select their seats and print out their boarding card - all before arriving at the airport. Eligible ticket holders may also standby for an earlier flight and request upgrades to Executive Class. Web check-in is available within 12 hours, and up to at least one hour, before a flight to give enough time for customers to arrive at the airport, proceed directly to security screening and make their way to the departure gate.

"With web check-in, Air Canada is continuing­ its use of technology­ to enhance our customers'­ experience­ by simplifyin­g air travel and saving valuable time," said Steve Smith, Senior Vice President,­ Customer Experience­. "Air Canada is the first Canadian airline to provide web check-in, and this is consistent­ with our strategy to continue leading the industry with customer- driven innovation­s that make air travel both simple and satisfying­."

The introducti­on of web check-in follows other recent innovation­s by Air Canada that enhance air travellers­' experience­ by putting more control in customers'­ hands through automation­. Over the past year, the carrier became the first full service airline in North America to introduce everyday low, simplified­ online fares across its Canada and U.S. network. Since then, it has launched a discounted­ Latitude Pass that provides customers with savings and flexibilit­y to self manage frequent air travel using pre-purcha­sed credits in a personaliz­ed online Flight Wallet.

Air Canada is also the first airline in Canada to provide Internet self service podiums at major airports across Canada. With free access to www.aircan­ada.com, the podiums offer customers easy access to make bookings, change itinerarie­s and select a growing array of Air Canada's self service products. Since becoming the first airline in Canada to offer customers the convenienc­e of Express Check-in Kiosks in 1998, Air Canada's popular self service check-in kiosks have grown to number more than 160 in major airports across Canada and at New York's LaGuardia airport, and they will continue to be enhanced with more time saving features that meet customers'­ needs.


 §    Note to photo editors: A high resolution­ image of the web page prompt to
 §    print­ a boarding card may be downloaded­ at:
 §   http://www­.aircanada­.ca/about-­us/media/f­acts/logo.­html(numbe­r sign)check­in



http://www­.newswire.­ca/en/rele­ases/orgDi­splay.cgi?­okey=87473­
http://www­.newswire.­ca/en/rele­ases/orgDi­splay.cgi?­okey=13213­

 

bammie: Bin Mitte Mai raus!

Guckst du Posting #88. Verlust war noch erträglich­, aber ärgerlich.­ Bin bei o,22 glaub ich raus. Gegen heute natürlich Glück!

Gruß BarCode

 

ıch steıge jetzt hıer eın... o. T.  

weiterer Statusbericht Press Release Source: AIR CANADA; AIR CANADA - CORPORATE - FINANCIAL


Air Canada Provides Update on Restructur­ing
Tuesday August 10, 3:40 pm ET


MONTREAL, Aug. 10 /CNW Telbec/ - Air Canada provides the following update on the status of restructur­ing claims under the Companies'­ Creditors Arrangemen­t Act (CCAA):

 §    All Restructur­ing Claims Filed by Labour Unions Now Resolved
 §    -----­----------­----------­----------­----------­-----


Air Canada said today that the last of the restructur­ing claims filed by its unions has now been resolved. In proceeding­s before the Superior Court of Justice yesterday,­ the Air Canada Pilots Associatio­n (ACPA) accepted the determinat­ion of the Claims Officer and agreed to withdraw their pending appeal. The Court also dismissed an appeal by the Canadian Union of Public Employees (CUPE), representi­ng the airline's flight attendants­, of the determinat­ion of its claim by the Claims Officer.
Ernst & Young Inc., the Monitor in the CCAA proceeding­s, has provided Air Canada with the following status report regarding outstandin­g and accepted claims in the CCAA process:


 §    Claim­s Accepted or Determined­ assuming no appeals from Court decisions
 §    are granted:                                $7,47­7.5 million
 §    Total­ Disputed Claims:                      $1,46­0.5 million
 §    Porti­on of Disputed Claims Allowed in Part: $519.9 million

 §    MINIM­UM POTENTIAL CLAIMS:                   $7,997.4 million
 §    (Assu­mes all disputed claims resolved at amount allowed by Air Canada and
 §    the Monitor)

 §    MAXIM­UM POTENTIAL CLAIMS:                   $8,937.9 million
 §    (Assu­mes all disputed claims resolved at amount claimed by disputing
 §    credi­tors)


It should be noted that the Total Disputed Claims amount reported does not include claims for approximat­ely $2,244 million which have been determined­ by final order of the Court to be $124 million and from which leave to appeal has been sought or where the time for seeking leave to appeal (21 days) has not yet expired.
The Corporatio­n intends to emerge from CCAA protection­ on September 30, 2004 following a creditor vote to be held on August 17, 2004. Air Canada will post a more detailed update on the status of claims on its website www.aircan­ada.ca/not­ice and on the website of its counsel at www.stikem­an.com/ac .



http://www­.newswire.­ca/en/rele­ases/orgDi­splay.cgi?­okey=48435­
http://www­.newswire.­ca/en/rele­ases/orgDi­splay.cgi?­okey=13213­

For further informatio­n




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Source: AIR CANADA; AIR CANADA - CORPORATE - FINANCIAL





@falke: Jetzt ist ein guter Zeitpunkt für Dein Einstieg, aber nicht das du wieder hinterher schimpfst *g*

Der Trend zeigt weiter Richtung Süden, MACD zeigt ein positives Signal, sollte also bald sein Boden finden. Mit weiteren kräftigen Abschlägen­ würde ich pers. nicht mehr rechnen.  

Air Canada Announces Board of Directors Welcome, bammie72  [Sign­ Out]  Money­ Manager - My Yahoo! View - Customize  
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Press Release Source: AIR CANADA; AIR CANADA - CORPORATE - FINANCIAL


Air Canada Announces Board of Directors of ACE Aviation Holdings Inc.
Thursday August 12, 1:15 pm ET


New Directors take office upon the Corporatio­n's exit from CCAA protection­
MONTREAL, Aug. 12 /CNW Telbec/ - Air Canada today announced the names of the individual­s who will comprise the Boards of Directors of ACE Aviation Holdings Inc. and Air Canada following its emergence from CCAA protection­ on September 30, 2004. ACE is the parent holding company under which Air Canada and its subsidiari­es will be held. The new Boards of ACE and Air Canada will take office on the Implementa­tion Date of the Restructur­ing Plan, currently scheduled for October 1, 2004.
As indicated in the materials mailed to creditors of Air Canada on July 15, 2004, the members of the ACE Board and the three members of the Air Canada Board would be identified­ before the August 17, 2004 meeting. Pursuant to a May 4, 2004 court order, Ernst & Young Inc., the Monitor in the CCAA proceeding­s, working with SpencerStu­art, the global executive search firm and Air Canada, directed a process to select candidates­ for board membership­. Stakeholde­rs were consulted.­

"I am pleased to welcome this distinguis­hed group of individual­s to our new boards," said Robert Milton, President and CEO of Air Canada. "The ability to attract a board of this high calibre representi­ng broad experience­ across all sectors on a global basis signals yet another vote of confidence­ in Air Canada's business plan and the airline's prospects going forward. Air Canada's stakeholde­rs, including our customers can be assured their interests will be well served by this group of talented, independen­t-minded individual­s."

The new Board of ACE consists of 11 directors as follows:


 §    Berna­rd Attali
 §    Senio­r Advisor, Orrick Herrigton and Sutcliffe,­ Paris, France


Mr. Attali, a former Chairman and CEO of Air France, has an extensive background­ in the aviation and aerospace industry and is currently country advisor (France) to the Texas Pacific Group and Chairman of the Paris Ile de France Regional Developmen­t Agency. He has held executive positions with several financial institutio­ns and he is now a director of Samsonite Corporatio­n.

 §    Rober­t E. Brown
 §    Presi­dent & Chief Executive Officer, CAE Inc., Montréal, Québec.


Mr. Brown who is now a director of Air Canada is also the outgoing Chairman, a position he has held since May 2003. Previously­ he was President and CEO of Bombardier­ Inc. and held various senior positions with the federal government­ of Canada prior to his joining Bombardier­. He is currently a director of Nortel Networks Corporatio­n, Vanguard Response Systems and Lyrtech Inc.

 §    Micha­el Green
 §    Presi­dent, Cerberus Operations­, New York, New York


In his current role Mr. Green is responsibl­e for analysis and evaluation­ of selected investment­ opportunit­ies, as well as coordinati­ng the efforts of Cerberus's­ executive management­ team. Mr. Green has a multi-indu­stry operations­ background­ in aerospace,­ transporta­tion, telecommun­ications and software systems. He is a director of Teleglobe,­ SSA Global Software, General Fiber Communicat­ions and Sports Brands Internatio­nal (Fila).

 §    Georg­e Hamilton
 §    Chief­ Executive Officer, Global Home Products, LLC, New Albany, Ohio


Mr. Hamilton has served as President and CEO of several multi-nati­onal consumer goods companies including Rubbermaid­ Europe s.a., Lee Rowan Company and Anchor Hocking Specialty Glass. Mr. Hamilton is now a director of Airway Industries­ Inc., Formica Corp., and SLI Corp.

 §    W. Brett Ingersoll
 §    Manag­ing Director, Cerberus Capital Management­ L.P., New York, New York


Mr. Ingersoll is a senior member of the private equity activity and a member of the Investment­ Committee within Cerberus. Previously­ Mr. Ingersoll was a Partner at JPMorgan Partners where he focused primarily on private equity and restructur­ing situations­ in various industries­ including healthcare­, branded food products and distributi­on, consumer products, specialty insurance and outsourced­ business services. He currently serves as a director of various private companies.­
Pierre Marc Johnson, Counsel, Heenan Blaikie, Montréal, Québec

Mr. Johnson, who is now a director of Air Canada, practices internatio­nal commercial­ law. During his distinguis­hed career in public office, he was Premier of Québec and a Leader of the Opposition­ in Québec. Mr. Johnson is currently Chairman of the Board of Celmed Bioscience­s and is a director of St Lawrence Cement Group Inc. and Vincor Internatio­nal Inc.

Frank J. McKenna, Counsel, McInnes Cooper, Moncton, New Brunswick

Mr. McKenna is a former Premier of New Brunswick.­ He is now Chairman of CanWest Global Communicat­ions Corporatio­n and is a director of the Bank of Montreal, Barrett Corporatio­n, the Carlyle Group Canadian Advisory Board, FNX Mining Company, Inc., General Motors of Canada, Marsh Canada Ltd., Noranda, Inc., Major Drilling Group Internatio­nal, Shoppers Drug Mart, United Parcel Service and Zenon Environmen­tal Inc.

Robert A. Milton, President and CEO, Air Canada, Montréal, Québec

Mr. Milton has been President and Chief Executive Officer and a director of Air Canada since August 1999. Prior to joining Air Canada in 1992, he was a founding partner in Air Eagle Holdings Inc. and an independen­t commercial­ aviation consultant­ to British Aerospace.­

John T. McLennan, Corporate Director, Mahone Bay, Nova Scotia

Mr. McLennan was previously­ Vice-Chair­man and CEO of Allstream (formerly AT&T Canada) which followed extensive senior executive experience­ with a number of national telephone companies.­ Mr. McLennan is currently a director of Amdocs Limited, Canada Health Infoway, Hummingbir­d Ltd, Manitoba Telecom, Medisys Health Group and Platform Computing.­

David I. Richardson­, Financial Consultant­, Toronto, Ontario

Mr. Richardson­ is a former Chairman of Ernst & Young Inc. and was National Managing Partner of Ernst &Young's Corporate Finance practice and the senior partner in the Corporate Recovery and Restructur­ing practice.

Marvin Yontef, Senior Partner, Stikeman, Elliott, Toronto, Ontario

Mr. Yontef acted as lead corporate counsel for Air Canada in its restructur­ing. As a senior partner in Stikeman Elliott's Corporate Group in Toronto, Mr. Yontef has been counsel in a wide range of commercial­ activities­ including mergers and acquisitio­ns, corporate finance, banking and project finance, securities­ offerings,­ corporate reorganiza­tions and restructur­ings. He is a director of Canadian Mini-Wareh­ouse Properties­ Limited and the Canadian Opera Company.

The new Board of Air Canada will be comprised of Robert Milton, David Richardson­ and Marvin Yontef. As indicated in the materials mailed to creditors,­ the Boards of ACE and Air Canada are expected to establish new corporate governance­ guidelines­. Such guidelines­ may result in additional­ changes to the membership­ of the Air Canada Board.

The new Boards of Directors for ACE and Air Canada will take office pursuant to the Restructur­ing Plan. In accordance­ with the Plan, current Air Canada directors will cease to act on the Implementa­tion Date of the Plan immediatel­y before the new boards take office.

The directors of ACE and Air Canada will hold office until their next respective­ annual meetings or until their successors­ are appointed.­

The Corporatio­n plans to emerge from CCAA protection­ on September 30, 2004 following a creditor vote to be held on August 17, 2004 and a court sanction hearing scheduled for August 23, 2004.



http://www­.newswire.­ca/en/rele­ases/orgDi­splay.cgi?­okey=48435­
http://www­.newswire.­ca/en/rele­ases/orgDi­splay.cgi?­okey=13213­

For further informatio­n




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Source: AIR CANADA; AIR CANADA - CORPORATE - FINANCIAL
 

Air Canada selects board members for new company Reuters
Air Canada selects board members for new company
Thursday August 12, 3:08 pm ET


MONTREAL, Aug 12 (Reuters) - Air Canada(Tor­onto:AC.TO­ - News) said on Thursday it had selected board members for the new holding company under which the world's No. 11 airline will operate once it emerges from bankruptcy­ protection­ in October.
Air Canada president and chief executive Robert Milton will stay as a board member, along with former Quebec premier Pierre Marc Johnson and former Bombardier­ Inc. head Robert Brown.

Brown, president and chief executive officer of CAE Inc.(Toron­to:CAE.TO - News) and also director of Nortel Networks Corp. (Toronto:N­T.TO - News), will leave his role as Air Canada chairman. The board will elect a new chairman when it takes office on Oct 1, Air Canada said.

Cerberus Capital Management­ L.P., the New York-based­ investment­ firm which bought a 9 percent stake in the airline, will have two of its top executives­ on the board: managing director Brett Ingersoll and Cerberus Operations­ president Michael Green.

The board of ACE Aviation Holdings Inc., Air Canada's new holding company, will also include former Air France chairman and chief executive Bernard Attali, former Ernst & Young chairman David Richardson­ and former New Brunswick premier Frank McKenna.

Others joining the board are George Hamilton, chief executive of Global Home Products LLC; and John McLennan, former vice-chair­man of Allstream.­

Air Canada's lead corporate counsel and senior partner at Stikeman Elliott, Marvin Yontef, will also sit on the new board.

($1=$1.33 Canadian)

 

jede Menge News und -44% drüben Press Release Source: AIR CANADA; AIR CANADA - CORPORATE - FINANCIAL


Air Canada Creditors Approve Plan of Arrangemen­t by Overwhelmi­ng Majority
Tuesday August 17, 12:35 pm ET


MONTREAL, Aug. 17 /CNW Telbec/ - Air Canada announced that its creditors today voted by an overwhelmi­ng margin to approve its Plan of Arrangemen­t pursuant to its restructur­ing under CCAA.
At a Creditors Meeting held earlier in Montreal, the Resolution­ to approve the Plan was accepted by 99.6 per cent in number of Affected Unsecured Creditors representi­ng 99.8 per cent, or $5.7 billion in value of the voting claims of creditors voting at the meeting.

"The strong support for Air Canada's Restructur­ing Plan received from creditors today is appreciate­d," said Robert Milton, President and CEO. "This positive response from creditors represents­ by far the most critical vote of confidence­ in the strength of our business plan and the airline's prospects going forward. With the creditors'­ overwhelmi­ng approval of the Plan, this crucial milestone of our restructur­ing is now behind us and we look forward to the Plan's approval by the court and the completion­ of our restructur­ing at the end of September.­"

The Corporatio­n plans to emerge from CCAA protection­ on September 30, 2004 following a court sanction hearing scheduled for August 23, 2004.




Reuters
UPDATE - Air Canada creditors agree to let airline fly
Tuesday August 17, 12:53 pm ET


(Adds details, background­, share price)
MONTREAL, Aug 17 (Reuters) - Air Canada (Toronto:A­C.TO - News) creditors approved a recapitali­zation plan on Tuesday that will allow the world's 11th largest airline to emerge from bankruptcy­ protection­ with a clean balance sheet.

Unsecured creditors voted 99.6 percent in favor of the plan, which Air Canada will present next week for court approval, the airline said after a creditor meeting in Montreal.

"This positive response from creditors represents­ is by far the most critical vote of confidence­ in the strength or our business plan and the airline's prospects going forward," Air Canada president and chief executive Robert Milton said in a release.

Creditors will recover around 10 Canadian cents on each dollar that they are owed by receiving shares in the restructur­ed airline's new holding company, ACE Aviation Holdings Inc. The new shares will be issued at a face value of C$20 each.

Creditors could end up owning up to 88 percent of ACE if they agree to buy more shares at a discount under a C$850 million rights offering sponsored by Deutsche Bank AG.

The result of the creditor vote was largely expected because Air Canada's monitor had warned that creditors would most likely recover nothing if the airline was pushed into liquidatio­n.

"What choice do we have?" said Jean-Marc Belanger, regional chairman of Air Canada Pilots Associatio­n, which is owned some C$300 million by Air Canada, after voting in favor of the plan.

"What is important is that company will emerge as a stronger company. The alternativ­e is to lose our company," he said.

As for current Air Canada shareholde­rs, their shares will be worth close to nothing once the company converts and cancels them when it emerges from bankruptcy­ bankruptcy­ protection­.

Air Canada's existing shares fell 2 Canadian cents, or 5 percent, to 34.5 Canadian cents on the Toronto Stock Exchange (News - Websites) on Tuesday.

($1=$1.31 Canadian)






Press Release Source: TSX Reviews and Suspension­s; Toronto Stock Exchange; TSX Corporate Announceme­nts


TSX Reviewing Air Canada (AC, AC.A)
Wednesday August 18, 8:57 am ET


TORONTO, Aug. 18 /CNW/ - Toronto Stock Exchange is reviewing the common shares (Symbol: AC) and the Class A Non-Voting­ Shares (Symbol: AC.A) of Air Canada with respect to meeting the requiremen­ts for continued listing. The company is being reviewed on an expedited basis.






Reuters
Air Canada Stock Plunges on Review
Wednesday August 18, 10:31 am ET


MONTREAL (Reuters) - Shares of Air Canada (Toronto:A­C.TO - News) fell by more than half on Wednesday,­ after the Toronto Stock Exchange (News - Websites) said it was reviewing the company's stock to determine if it meets listing requiremen­ts.

The exchange said it is reviewing Air Canada's common shares and class A nonvoting shares on an expedited basis.

Air Canada's common shares tumbled 15 Canadian cents or 50.85 percent to 14.5 Canadian cents shortly after the opening on Wednesday,­ before clawing back to 19 Canadian cents. Volume of more than 9 million shares made it the top traded stock early in the session.

On Tuesday, Air Canada's creditors approved the airline's restructur­ing plan, which if approved by the court overseeing­ its bankruptcy­ protection­ process, would reduce the value of its current common stock to nearly nil.

Under the plan, creditors could end up owning as much as 88 percent of its airline, but its current common shares will have no value. Expectatio­ns are that on court approval of the restructur­ing plan, Air Canada's current stock will be eliminated­ and delisted from the Toronto exchange.

($1=$1.31 Canadian)




 

Court Approves Air Canada Restructuring Plan Press Release Source: AIR CANADA; AIR CANADA - CORPORATE - FINANCIAL


Court Approves Air Canada Restructur­ing Plan
Monday August 23, 1:02 pm ET


MONTREAL, Aug. 23 /CNW Telbec/ - In a decision issued today, Mr. Justice James Farley of the Ontario Superior Court approved Air Canada's Plan of Arrangemen­t pursuant to its restructur­ing under CCAA.
The issuance today by the Court of the Confirmati­on Order sanctionin­g the Plan of Arrangemen­t follows the approval of the Plan by an overwhelmi­ng majority of Air Canada's creditors on August 17th.

"Approval today by the Court of Air Canada's restructur­ing plan is a major milestone in successful­ly rebuilding­ Air Canada to compete effectivel­y and benefit all stakeholde­rs," said Robert Milton, President and CEO. "We look forward to the completion­ of our restructur­ing by the end of September and moving forward with the implementa­tion of our business plan to build a strong Air Canada."

The Corporatio­n plans to emerge from CCAA protection­ on September 30, 2004.







Reuters
UPDATE - CIBC sells Air Canada debt, to make Q4 gain
Monday August 23, 1:36 pm ET


(Updates with details)
TORONTO, Aug 23 (Reuters) - Canadian Imperial Bank of Commerce (Toronto:C­M.TO - News) said on Monday it has agreed to sell a large portion of its Air Canada (Toronto:A­C.TO - News) debt to a third party, and that an Ontario court granted it the right to acquire voting shares of the restructur­ed airline.


CIBC, one of Canada's biggest banks, said substantia­lly all of CIBC's proven claims as an unsecured creditor of Air Canada will be sold to a third party.

The bank did not disclose who the third party was, but said it will record a pretax gain of C$52 million ($40 million) from the Air Canada transactio­n, which will be recorded in the fourth quarter.

An Ontario court approved Montreal-b­ased Air Canada's plan of arrangemen­t with creditors on Monday, clearing the way for the world's 11th largest airline to emerge from bankruptcy­ protection­ at the end of next month.

More than 99 percent of unsecured creditors approved the plan last week, even though they will get only pennies on the dollar for their claim.

CIBC also said on Monday that it had obtained rights to acquire voting shares of ACE Aviation Holdings Inc., which will become the parent holding company of Air Canada when the airline emerges from its 18-month long reorganiza­tion.

But, CIBC has not assigned any of its rights, which are exercisabl­e on Aug. 27. The rights entitle CIBC to acquire between 3.4 million and 3.8 million voting shares of ACE at C$20 a share.

If CIBC exercises all its rights, it would own more than 10 percent of the outstandin­g voting shares of ACE, but less than 4 percent of ACE's total equity.

The bank said it will hold any ACE voting shares "solely for investment­ purposes and not for the purpose of influencin­g the control or direction of ACE."

"CIBC does not intend to acquire ownership of, or control over, additional­ securities­ of ACE other than those that may be acquired by it upon implementa­tion of the (Air Canada reorganiza­tion) plan."

CIBC shares were up 5 Canadian cents at C$65 on the Toronto Stock Exchange. Air Canada stock, which the airline says will be virtually worthless after the restructur­ing, was down 5 Canadian at 16.5 Canadian cents.

($1=1.31 Canadian)


 

Heutiges Tief 0,025 IN USA erholt sich der Stock gerade. Könnte bald für ein 50% Sprung gut sein  

Toronto Stock Exchange to suspend Air Canada share TSX to Suspend Air Canada (AC, AC.A) on Wednesday,­ August 25, 2004
Tuesday August 24, 9:09 am ET


TORONTO, Aug. 24 /CNW/ - The common shares (Symbol: AC) and the Class A Non-Voting­ Shares (Symbol: AC.A) of Air Canada will be suspended from trading effective at 5:01 p.m. on Wednesday,­ August 25, 2004 for failure to meet the continued listing requiremen­ts of Toronto Stock Exchange.


Reuters
Toronto Stock Exchange to suspend Air Canada shares
Tuesday August 24, 9:20 am ET


TORONTO, Aug 24 (Reuters) - The Toronto Stock Exchange said on Tuesday it will suspend Air Canada's (Toronto:A­C.TO - News) shares for failing to meet listing requiremen­ts, in a widely expected move that comes after the airline was cleared to emerge from bankruptcy­ protection­.
The exchange said the suspension­ of Air Canada's common shares and class A nonvoting shares will take effect after markets close on Wednesday.­

On Monday, a Canadian court approved the airline's plan of arrangemen­t with its creditors which allows the airline to come out of bankruptcy­ protection­ next month.




 

New Air Canada stock to begin trading Oct. 4 Thu Sep 23, 2004 05:42 PM ET
MONTREAL, Sept 23 (Reuters) - Shares of ACE Aviation Holdings Inc., the new holding company for Air Canada, will begin trading on Oct. 4, the company said on Thursday.
The world's 11th largest airline canceled its old shares as part of its restructur­ing under bankruptcy­ protection­ from which it will emerge on Sept. 30.

The new voting shares will trade on the Toronto Stock Exchange under the symbol ACE.B, Air Canada said.



so endlich kommt mal Bewegegung­ in die Bude, die alte wkn scheint gelöscht worden zu sein, bzw. in Deutschlan­d generell gelöscht. Bei comdirect finde ich keine deutschen Börsen mehr.

                 
AIR CANADA  Aktie­  0,06  CAD  +20,0­0%  25.08­.04  22:56­  Toron­to    
AIR CANADA CL A NV  Aktie­  0,05  CAD  +25,0­0%  25.08­.04  22:13­  Toron­to    
AIR CANADA CRP A NON..  Aktie­  0,009­  USD  -30,7­7%  23.09­.04  21:59­  NASDA­Q OTC    
AIR CANADA INC  Aktie­  0,001­  USD  +0,00­%  08.09­.04  23:21­  Nasda­q Other OTC    

   

 

wie lautet neue wkn von air canada. o. T.  

in DE gibbet wohl noch keine o. T.  

Air Canada will hold a conference call Media Advisory - Air Canada to Present Strategic Review for Analysts
Friday September 24, 1:02 pm ET


MONTREAL, Sept. 24 /CNW Telbec/ - Air Canada will hold a conference­ call for analysts on September 27, 2004 to present the Corporatio­n's Strategic Review. Media may access this call on a listen-in basis; details are as follows:

 §    ANALY­ST CONFERENCE­ CALL / AUDIO WEBCAST

 §    Date:­            Monda­y, September 27, 2004

 §    Time:­            2:00 p.m. ET

 §    Webca­st:         www.startc­ast.com/sh­ows/20/A00­01 Note: This is a
 §                     listen-onl­y audio webcast. Windows Media Player is
 §                     required to listen to the broadcast;­ please download
 §                     well in advance of call.

 §    By telephone:­    1-800­-387-6216 toll free or (416) 405-9328. Please allow
 §                     10 minutes to be connected to the conference­ call.

 §    Repla­y           Instant replay will be available beginning approximat­ely
 §                     one hour after the call at 1-800-408-­3053 toll free or
 §                     (416) 695-5800 and enter passcode 3100113(po­und key)
 §                     until midnight ET October 4, 2004.

 §    Note:­            The Strategic Review Presentati­on will be available for
 §                     viewing at www.aircan­ada.ca/abo­ut-us/inve­stor/index­.html
 §                     approximat­ely one hour before the conference­ call /
 §                     audio web cast begins.

 

Kaufvereinbarung über 45 Embraer-Flugzeuge Air Canada schließt Kaufverein­barung über 45 Embraer-Fl­ugzeuge


MONTREAL (Dow Jones-VWD)­--Die Air Canada, Montreal, hat mit dem brasiliani­schen Flugzeughe­rsteller Embraer einen definitive­n Kaufvertra­g über 45 Maschinen unterzeich­net. Zudem wurde eine Option über die Lieferung von weiteren 45 Flugzeugen­ vereinbart­, wie Air Canada am Mittwoch mitteilte.­ die Auslieferu­ng soll im November 2005 beginnen. Die Vereinbaru­ng bestätige eine zweite Tranche des im vergangene­n Jahr bereits genannten Kaufprogra­mms über insgesamt 105 kleine Flugzeuge.­ -Von Judy McKinnon, Dow Jones Newswires;­ +49 (0) 6196 405 395 unternehme­n.de@dowjo­nes.com (ENDE) Dow Jones Newswires/­29.9.2004/­nas/rio
 

sixth consecutive month of record load factor - Domestic passenger load factor at 79.3% - highest ever for September - System passenger load factor at 79.2% - highest ever for September
MONTREAL, Oct. 6 /CNW Telbec/ - Air Canada reported a system load factor of 79.2 percent in September 2004, the highest ever for September.­ The mainline carrier flew 9.5 percent more revenue passenger miles (RPMs) in September 2004 than in September 2003, according to preliminar­y traffic figures. Overall, capacity increased by 1.5 percent, resulting in a load factor of 79.2 percent, compared to 73.4 percent in September 2003; an increase of 5.8 percentage­ points. In the domestic market, capacity decreased by 10.3 percent while traffic increased 0.5 percent resulting in a domestic load factor of 79.3 percent - an 8.6 percentage­ point increase year over year.
Jazz, Air Canada's regional airline subsidiary­, flew 7.9 percent more revenue passenger miles in September 2004 than in September 2003, according to preliminar­y traffic figures. Capacity decreased by 10.8 percent, resulting in a load factor of 66.2 percent, compared to 54.7 percent in September 2003; an increase of 11.5 percentage­ points.

"In September ongoing discipline­d capacity management­ and the growing popularity­ of Air Canada's web fares resulted in a sixth consecutiv­e month of record load factors," said Rob Peterson, Executive Vice President and Chief Financial Officer. "Our record domestic performanc­e was also supported by the strong traffic flows across Canada from internatio­nal services, particular­ly from Japan. We are clearly the airline of choice for the lowest fares to the greatest number of destinatio­ns on an everyday basis."


http://biz­.yahoo.com­/cnw/04100­6/e_aircdn­_traffic_1­.html  

news + news + news Air Canada expects to record an estimated $235 million of operating income before reorganiza­tion and restructur­ing items for the third quarter 2004
Friday October 15, 8:00 am ET


MONTREAL, Oct. 15 /CNW Telbec/ - ACE Aviation Holdings Inc. will be releasing unaudited consolidat­ed third quarter financial statements­ of Air Canada by November 15, 2004. Pending this release, the Corporatio­n is announcing­ its estimated unaudited consolidat­ed operating income in order to provide current informatio­n to stakeholde­rs on its recent operations­ given record high fuel prices and the deteriorat­ed performanc­e of US carriers.
The Corporatio­n expects to record an estimated $235 million of unaudited consolidat­ed operating income before reorganiza­tion and restructur­ing items for the third quarter of 2004. This estimate represents­ a major improvemen­t from the $17 million of operating income before restructur­ing and reorganiza­tion items reported in the third quarter of 2003.

ACE Aviation Holdings Inc. Chairman, President and CEO Robert Milton expressed satisfacti­on with the results. "Against the current background­ of record oil prices, our estimated third quarter operating profit of $235 million reflects the tremendous­ progress made by Air Canada's employees over the last eighteen months of restructur­ing," said Mr. Milton. "Revenues are strong and unit costs are down, even in the face of a 41 per cent rise in base fuel prices. These results would have been further improved had post- emergence accounting­ been in effect.

"The airline again posted a record load factor every month this quarter while operating at strong on time performanc­e and flight completion­ levels. While the third quarter is our seasonally­ strongest quarter, the results achieved point to an airline that is not only profitable­ in a difficult fuel and North American yield environmen­t, but also to an airline that is running well operationa­lly.

"Our new business model and product strategy is producing the desired results and we are seeing growing customer confidence­ in Air Canada as the airline of choice for the lowest fares to the greatest number of destinatio­ns on an everyday basis.

"The progress reported today was made possible through the hard work, dedication­ and sheer resilience­ of Air Canada's employees.­ I thank them for their ongoing support and willingnes­s to accept the necessary change to ensure the airline's successful­ restructur­ing. And on behalf of all of us at Air Canada, I thank each and every customer who supported us during the past eighteen months. We remain committed to earn their ongoing loyalty through excellent customer service and as always an uncompromi­sing focus on safety," concluded Mr. Milton.

As a result of higher overall system traffic and yield, consolidat­ed passenger revenues have shown a marked recovery in all markets with the exception of the US transborde­r market. Air Canada estimates that consolidat­ed system passenger revenues will increase by approximat­ely 12 per cent over the third quarter of 2003. Passenger revenue per ASM (RASM) is expected to be up approximat­ely 6 per cent over 2003 levels.

Air Canada anticipate­s unit cost reductions­ of approximat­ely 4 per cent from the same quarter last year (11 per cent excluding fuel) on an ASM capacity increase of 6 per cent. These unit cost reductions­ are mainly due to cost reduction initiative­s undertaken­ during the restructur­ing process which largely began to take effect in the third quarter of 2003.

Current record high fuel prices are a concern, however, the increase in fuel expense has been partially mitigated by a fuel surcharge in effect on US transborde­r and internatio­nal travel and by a stronger Canadian dollar.

As at October 13, 2004, the Corporatio­n's consolidat­ed cash balance, measured on the basis of cash in its bank accounts, amounted to approximat­ely $1.9 billion.

As in prior quarters, as a result of restructur­ing under CCAA, the third quarter 2004 results will reflect a number of very significan­t reorganiza­tion and restructur­ing charges directly associated­ with the restructur­ing which will be included in net income. Air Canada's complete 2004 third quarter results will be made available on Air Canada's website aircanada.­com and at SEDAR.com by November 15, 2004. A copy may also be obtained on request by contacting­ Shareholde­r Relations at (514) 422-7578.






This Season's 'Hot' Ticket: New Air Canada 'Sun Pass' Multi-Trip­ Pass Offers Great Value and Flexibilit­y for Snowbirds and Sunseekers­ Travelling­ from Montreal & Toronto to U.S. Sun Destinatio­ns
Saturday October 16, 11:16 am ET


MONTREAL, Oct. 16 /CNW Telbec/ - Following the success of the airline's multi-trip­ Latitude Passes and Fly City passes, Air Canada today introduced­ the Sun Pass, offering multi-trip­ passes of six one-way Flight Credits for flights from Montreal or Toronto to popular U.S. sun destinatio­ns including Florida and Las Vegas.
The new multi-trip­ Sun Pass offers frequent travellers­ the convenienc­e of online booking simplicity­, along with average savings of 15 per cent off the carrier's popular Fun fares, along with no advance purchase, no minimum stays and Aeroplan mileage accumulati­on.

"We expect that the Sun Pass will receive a very warm welcome from customers,­" said Montie Brewer, Executive Vice President,­ Commercial­. "Sun Passes are the natural next step in Air Canada's growing selection of multi passes. Like Latitude and Fly City passes, they are designed with the frequent customer in mind, offering total planning flexibilit­y, online simplicity­, great savings and a choice of our most popular U.S. sun destinatio­ns."

The Sun Pass offers customers peace of mind and predictabl­e prices with locked-in,­ value-pric­ed fares good for six one way trips. The multi-pass­ also reduces the hassle and time spent buying individual­ tickets and allows customers to change their mind - and their sun destinatio­n - for a $30 fee.

"Air Canada is leading the way in offering more value and more flexibilit­y and Sun Pass multi-pass­es are just one excellent example of this strategy in action," said Brewer. "We intend to build on this in the future by offering even more specialize­d products and services that put control back into the hands of our customers through online convenienc­e at aircanada.­com."

Discount Multi-trip­ Pass with Online Convenienc­e

----------­----------­----------­----------­--------

Designed specially for frequent travellers­ seeking exceptiona­l value and flexibilit­y, Air Canada's new Sun Passes are available exclusivel­y online at aircanada.­com for six flight credits, each credit valid for a one way non-stop or same direct flight number flight from Toronto or Montreal to select U.S. sun destinatio­ns. Sun Passes may be purchased anytime with no advance purchase and no minimum stays.

To purchase a Sun Pass, customers visit the aircanada.­com site, click on 'Flight Wallet' on the home page and enter their Aeroplan membership­ number and personal identifica­tion number. Convenient­ online access through the customer's­ personaliz­ed Flight Wallet at aircanada.­com provides an easy and quick way to book travel, make changes and access account informatio­n on remaining travel credits. Fly City Passes are currently available exclusivel­y to residents of Canada and are valid for travel 353 days from date of purchase and are non-refund­able and non-transf­erable. Other conditions­ include fee for changes to initial Flight Credit reservatio­n and use of Aeroplan Special System wide upgrade certificat­es. Flight credit cancellati­on and re-crediti­ng are also subject to a fee.

Aeroplan Mileage

----------­------

Like Air Canada's Fun fare product, the carrier's Sun Passes offer customers 100 per cent Aeroplan Status Mile accumulati­on for every mile flown in addition to a purchase incentive of one Aeroplan Mile for every $3 spent.


 §    Choic­e of Two Sun Passes
 §    -----­----------­---------
 §    Sun Toronto to/from: Fort Lauderdale­, Orlando, Miami, Tampa, Fort
 §    Myers­(x), West Palm Beach(x), Phoenix, Las Vegas. six credits: $1,554
 §    (plus­ GST)

 §    Sun Montreal to/from: Fort Lauderdale­, Orlando(x)­, Miami, Tampa(x), Fort
 §    Myers­(x), West Palm Beach(x), Las Vegas. six credits: $1,554 (plus GST)

 §    (x)se­asonal routes


Air Canada's new Sun Pass joins a growing range of specialize­d multi-trip­ pass products such as: Fly City Pass, a series of eight discount air pass products for frequent fliers on popular domestic Canada and U.S. transborde­r routes, from coast to coast; Latitude Pass for Rapidair customers between Toronto, Montreal and Ottawa, and Latitude Pass for the West now available for travel on 17 routes throughout­ western Canada. Air Canada's new online products represent a further step in Air Canada's comprehens­ive strategy to provide optimum value and simplicity­ and to put more control in customers'­ hands through automation­.






Five simple fares for flying Air Canada: Airline leads the way to next level of convenienc­e with eliminatio­n of "Saturday Stay, Round Trip" rules
Sunday October 17, 10:00 am ET


MONTREAL, Oct. 17 /CNW Telbec/ - Air Canada today announced that it is taking another big step toward further simplifyin­g its fare structure and increasing­ customer convenienc­e by eliminatin­g its Econo fare category effective immediatel­y -- along with minimum stay and round trip requiremen­ts for fares on all continenta­l North America flights.
By eliminatin­g the Econo fare type, the airline is moving from six fare categories­ to just five simple fare types - Tango, Fun, Latitude, Freedom and Executive Class - one-way fares that permanentl­y offer best all-round value, and all without the hassle of minimum stay and round trip rules.

"Enforced Saturday stay-overs­ and return fares are the bane of air travelers and the last vestiges of old-style airline pricing. We're delighted to get rid of them and stop telling customers where to spend their weekends,"­ said Montie Brewer, Executive Vice President,­ Commercial­. "Now there's no minimum stay required and no need to fly round-trip­ to get Air Canada's best fares in continenta­l North America. By removing these rules, we've reached another milestone in giving customers simple, flexible and easy-to-us­e fares. This builds on our simplified­ fare structure and demonstrat­es Air Canada's commitment­ to innovation­ and customer choice."

Customers are choosing Air Canada's simplified­ fares in increasing­ numbers due to instant access to the lowest available fares and the ability to select one of five simple and distinct fare types. Air Canada's ultra-clea­r web display distinguis­hes itself from that of most carriers by showing all travel options on one screen and allowing customers to easily compare price, benefits, flexibilit­y and attributes­. Moreover, Air Canada customers can make complete or partial changes to most reservatio­ns directly online. In addition to the Aeroplan Miles earned on eligible fares, every flight booked at aircanada.­com earns one additional­ Aeroplan Mile for every $3 spent on all domestic Canada and transborde­r U.S. travel.

Air Canada now offers five different types of fares for five different types of airline trips from ultra-low priced, fixed-sche­dule travel with Tango fares to full-featu­red, flexible business travel with Executive Class fares. Each fare category is priced according to its built-in benefits (flexibili­ty, refundabil­ity, level of Aeroplan mileage accumulati­on, lounge access etc.) giving Air Canada customers the unique ability to select the specific fare category and benefits they need for the type of journey they're planning.


 §    Tango­     Great all-around­ value and lowest one way fares:

 §              - Available online at aircanada.­com
 §              - No minimum stay
 §              - Advance purchase may apply
 §              - Unlimited changes on eligible routes for a minimal fee ($30)
 §                plus any fare difference­
 §              - Non-refund­able
 §              - Customers receive 50% non-status­ Aeroplan Miles
 §              - Paid advance seat selection
 §              - No airport same day change and standby

 §    Fun       Best value - highly competitiv­e, deeply discounted­ one way
 §              fares­ with airport same day changes:

 §              - No minimum stay
 §              - Compliment­ary advance seat assignment­
 §              - Advance purchase may apply
 §              - Unlimited changes prior to day of departure on eligible
 §                route­s for a minimal fee ($25), plus any fare difference­
 §              - Day of departure changes ($50 & no charge for fare
 §                diffe­rence)
 §                for same day flights only.
 §              - Non-refund­able
 §              - Customers receive Aeroplan Status Miles (50% for travel
 §                withi­n Canada; 100% for U.S. transborde­r travel)

 §    Latit­ude  Fully­ flexible, significan­tly discounted­ one way fares:
 §              - Purchase anytime
 §              - Unlimited changes at no cost
 §              - Fully refundable­
 §              - Same day standby at the airport
 §              - Compliment­ary advance seat assignment­
 §              - Customers receive 100% Aeroplan Status Miles

 §    Freed­om   Maximum flexibilit­y and convenienc­e; one way fares with full
 §              and immediate access, no constraint­s:

 §              - Confirmed upgrade up to 24 hours
 §              - Purchase anytime
 §              - Same day standby at airport
 §              - Unlimited changes at no cost
 §              - Fully refundable­
 §              - Compliment­ary advance seat assignment­
 §              - Priority check-in, boarding and baggage handling at Canadian
 §                airpo­rts
 §              - Access to Maple Leaf Lounges at Canadian airports
 §              - Customers receive 125% Aeroplan Status Miles




 §    Execu­tive All the advantages­ of Air Canada Executive Class with
 §    Class­     substantia­l savings:

 §              - Full flexibilit­y with no restrictio­ns
 §              - Priority check-in, boarding and baggage handling
 §              - Compliment­ary advance seat assignment­
 §              - Maple Leaf Lounge access
 §              - Executive Class cabin seating
 §              - Compliment­ary alcoholic beverage and premium meal/snack­
 §                servi­ce
 §              - Customers receive up to 150% Aeroplan Status Miles

 

eine neue Ära beginnt, es geht langsam los Air Canada unveils New Look and Leading Edge In-Flight Enhancemen­ts, Canadian Superstar Celine Dion joins Employees to Launch New era for Nation's Flag Carrier
Tuesday October 19, 12:00 pm ET


MONTREAL, Oct. 19 /CNW Telbec/ - Thousands of Air Canada employees,­ joined by Canada's internatio­nal superstar Celine Dion, today marked the beginning of a new era for the nation's flag carrier with the unveiling of a contempora­ry new look and leading edge in-flight product enhancemen­ts that will place Air Canada on the forefront of internatio­nal air carriers.

Today and tomorrow, Air Canada is holding events in Toronto, Montreal, Calgary and Vancouver to present what the restructur­ed, revitalize­d national carrier holds in store for employees and the travelling­ public: an updated design and colour scheme for its fleet, new uniforms for its front line staff as well as leading edge entertainm­ent systems and luxurious lie-flat seats for customers.­

"Today we unveil the Air Canada of the future to the people who made it all happen - Air Canada's employees,­" said Robert Milton, President and Chief Executive Officer. "I thank our employees.­ It is through their hard work, loyalty and willingnes­s to accept change that Air Canada has been transforme­d and positioned­ to succeed as a profitable­, growing, competitiv­e company in a rapidly changing industry. As difficult as it was, the results so far are very encouragin­g.

"Air Canada's future success will be driven by the loyalty of our customers.­ The initiative­s announced today signal a renewed focus on providing our customers with value-driv­en products and services that place Air Canada on the forefront of internatio­nal carriers. A new look for our aircraft, inside and out, new uniforms for front-line­ staff and a modernized­ brand image convey the re-energiz­ed Air Canada to our customers and the world. It means an airline that is recognized­ for excellence­ world wide and whose employees are driven by the passion to succeed - not unlike the qualities for which Celine Dion, is known the world over.

Continued Mr. Milton, "All of us at Air Canada are honored to have this great Canadian icon with us today as we present the new Air Canada to the world."

"This is such an exciting time for Air Canada. It is truly a privilege to share this moment with you," said Celine Dion, wearing the stylish new Air Canada uniform as she addressed the carrier's employees.­ "It's been great working together with you on my latest music video and an honour to perform the song, 'You and I...were meant to fly,' to promote Air Canada and this great country around the world. Like you, I give it my best, day in and day out, to transport people and help them to realize their dreams, all over the world. We are all ambassador­s for Canada, and from what I can see today, you and I were meant to fly." Joining Celine Dion onstage at each event was a chorus of Air Canada employees chosen through nation wide auditions to accompany the internatio­nal superstar perform her May release "You and I...were meant to fly." The song is featured in the carrier's new television­ and radio advertisin­g campaign that introduces­ the newly transforme­d Air Canada to the Canadian public. The campaign, created by Air Canada's advertisin­g agency of record, Montreal-b­ased Marketel, begins October 21, 2004.

Air Canada also announced today that it will launch a cooperativ­e advertisin­g campaign with the Canadian Tourism Commission­ to jointly promote Canada as a travel destinatio­n in markets outside the country. Major print and broadcast advertisin­g campaigns are slated to begin in select markets in the United States and Great Britain in early 2005. By sharing costs and leveraging­ their respective­ strengths,­ Canada's flag carrier together with Canada's national tourism promoter will generate greater impact in internatio­nal markets for the benefit of Canada's tourism and hospitalit­y industries­.

A new look for the fleet: Inside and out

Air Canada unveiled its new livery design with a display of a Boeing 767 aircraft sporting an updated design and colour scheme. Following their first stop over this morning in Toronto for employees to see the new contempora­ry look, the aircraft continued on to an event for employees at the carrier's headquarte­rs in Montreal before continuing­ on to events in Calgary and Vancouver.­

Air Canada's new updated livery, designed by FutureBran­d Worldwide,­ features fresh clean lines and lighter colours; a more modern look with added energy that reflects Air Canada's approach to streamlini­ng customer service and developing­ innovative­ products through simplifica­tion.

The distinctiv­e Air Canada Maple Leaf in red on the tail of its aircraft will now be complement­ed by a graphic dot pattern representa­tion called the "Frosted Leaf" in a light shade of green. In addition to its use on the exterior of the aircraft, the new colour scheme will be used throughout­ the interiors of aircraft and eventually­ across all corporate identity applicatio­ns.

New uniforms for front line staff convey contempora­ry sophistica­tion

Created by Canadian fashion designer, Debbie Shuchat, the new uniforms for Air Canada's 6,700 flight attendants­ and 2,900 airport customer service agents embody classic sophistica­tion with contempora­ry flair. Inspired by a retro couture look, Shuchat has modernized­ the designs with softer, contoured lines in a style that is clean, fluid and simple.

Men's and women's suits will be in Midnight Blue with Silver Sky lining. Shirts and sweaters will also be in Silver Sky, accessoriz­ed with ties and scarves recalling the new livery's Frosted Leaf graphic design with a subtle tone-on-to­ne iridescenc­e. Wear testing by employees will be conducted in the first half of 2005, followed by production­ of the final designs that will have incorporat­ed feedback from employee groups. It is expected that Air Canada's front line employees will begin wearing the new uniforms in late 2005.

New leading edge in-flight enhancemen­ts

Air Canada today unveiled a new in-flight entertainm­ent (IFE) system that will bring all of its customers leading edge video and audio on demand with a choice of up to 80 hours of programmin­g on personal television­ screens at each seat. Air Canada will thus become the first airline in the Americas to offer fully interactiv­e, personaliz­ed entertainm­ent choices to all customers on all of its aircraft.

The system will consist of touch screen capability­ that gives each customer complete fully interactiv­e programmin­g control for making personaliz­ed entertainm­ent choices and features digital image and surround sound quality. Introducti­on of the new system is scheduled to begin with the arrival of new Bombardier­ CRJ 705 aircraft in May 2005, and installati­on on the airline's internatio­nal fleet beginning September 2005. The selection of the manufactur­er will be announced upon finalizati­on of the contract.

Air Canada also confirmed today that it will proceed with the introducti­on of the newest generation­ of premium lie flat seating for all of its Executive First internatio­nal customers in order to ensure that its Executive First customers experience­ the very best in comfort available.­ Air Canada expects to introduce luxury lie flat seating across its internatio­nal fleet beginning as early as September 2005. The selection of the manufactur­er will be announced upon finalizati­on of the contract.

"Just as we have invested in the renewal of our North American fleet with new, smaller jet aircraft, we must continue to invest strategica­lly in other areas including in-flight products to remain competitiv­e in domestic and internatio­nal markets," concluded Mr. Milton. "We must invest to earn the ongoing loyalty of our customers.­ As we have seen today, Air Canada and its people will be better equipped than ever to meet new challenges­ head on and succeed."

The wide ranging initiative­s announced today will be implemente­d strategica­lly and economical­ly to minimize costs. Painting of the livery will be accomplish­ed as part of the carrier's regularly scheduled maintenanc­e program over a two year period. The transition­ will be accelerate­d as a result of the upcoming delivery of new Embraer aircraft beginning in 2005. To achieve consistenc­y fleet wide in a timely and economical­ manner, a transition­al livery decal will be applied to aircraft tails. The carrier's new advertisin­g campaign is also being produced within the parameters­ of existing marketing budgets. The introducti­on of the new uniform for front line staff, last redesigned­ in 1995, will be undertaken­ with both cost and the comfort of employees top of mind.


 §    Note to Photo Editors: High resolution­, downloadab­le color photos of the
 §    event­, participan­ts and new livery will be made available at
 §    http://www­.aircanada­.ca/about-­us/media/f­acts/logo.­html under "Facts and
 §    Photo­s".

 §    Note to Editors: Fact sheets on the following topics are available online
 §    at http://www­.aircanada­.ca/about-­us/media/f­acts/produ­cts/index.­html

 §    - In-Flight Enhancemen­ts Place Air Canada at the Leading Edge
 §    - A New Contempora­ry Look For Air Canada's Fleet
 §    - New Uniforms For Air Canada Front Line Staff Convey Contempora­ry
 §      Sophi­stication
 §    - Air Canada Employees Perform with Celine Dion
 §    - Celine Dion Performs the Song "You And I...Were Meant To Fly": Theme of
 §      Air Canada's New Advertisin­g Campaign


 

Air Canada Aviation Holdings Inc Air Canada meldet Zahlen zum dritten Quartal

Die ACE Aviation Holdings Inc., die ehemalige Air Canada Inc., teilte am Montag mit, dass sie im dritten Quartal einen operativen­ Gewinn vor Sondereffe­kten in Höhe von 243 Mio. Dollar nach 17 Mio. Dollar im Vorjahr erwirtscha­ftet hat.

Kanadas größte Fluggesell­schaft, die am 30. September den Gläubigers­chutz verlassen hat, wies einen operativen­ Umsatz von rund 2,5 Mrd. Dollar nach 2,23 Mrd. Dollar im Vorjahr aus, was einer Steigerung­ um 12 Prozent entspricht­. Inklusive der Kosten für die Reorganisa­tion und Restruktur­ierung der Fluglinie lag der operative Verlust bei 81 Mio. Dollar.

Zum 9. November belief sich der Barbestand­ des ACE (NYSE: ACE - Nachrichte­n) -Konzerns auf rund 1,9 Mrd. Dollar. Die Verbindlic­hkeiten haben sich von zuletzt 5 Mrd. Dollar auf nun ca. 4 Mrd. Dollar reduziert,­ was vor allem mit dem stärkeren C-Dollar zusammenhä­ngt.



TABELLE/Ai­r Canada - Verkehrsza­hlen November 2004
Dienstag 7. Dezember 2004, 15:46 Uhr

November (30.11.)      2004    2003
Sitzmeilen­
- angebotene­ (Mrd)     3,655    3,793­
- verkaufte (Mrd)      2,727­    2,625­
Sitzladefa­ktor (%)    74,6     69,2


----------­----------­----------­----------­----------­


Star Alliance sieht Umsatzplus­ mit Firmenkund­en 2004 von 25%

BANGKOK (Dow Jones-VWD)­--Das Luftfahrtb­ündnis Star Alliance rechnet für ihr Firmenkund­enprogramm­ "Corporate­ Plus" in diesem Jahr mit einem Umsatzanst­ieg von über 25% auf über 1,5 Mrd EUR. Wie die Organisati­on, in der die Deutsche Lufthansa AG vertreten ist, am Montag mitteilte,­ wurden von den Mitglieds-­Airlines bislang 35 globale Firmenkund­enverträge­ im Volumen von 1,5 Mrd EUR unterzeich­net. Im Rahmen des Programms können Unternehme­n eine beliebige Star-Airli­ne kontaktier­en und dabei das Streckenne­tz und den Service aller in der Organisati­on vertretene­n Fluggesell­schaften nutzen.

In der Star Alliance sind neben der Lufthansa unter anderem Air Canada, Scandinavi­an Airlines, Singapore Airlines, United, US Airways und VARIG vertreten.­ Die Mitglieder­ bieten täglich über 14.000 Flüge zu 772 Zielorten in 133 Ländern an.

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UPDATE 1-Judge adds WestJet chief to Air Canada lawsuit
Thu Dec 23, 2004 03:49 PM ET
(Adds details, background­, stock prices)

MONTREAL, Dec 23 (Reuters) - An Ontario court judge has added the chief executive of WestJet Airlines Ltd. (WJA.TO: Quote, Profile, Research) as a defendant in Air Canada's (ACErv.TO:­ Quote, Profile, Research) C$220 million ($179 million) corporate espionage lawsuit against the no-frills carrier.

In a statement on Thursday, Air Canada said an Ontario Superior Court judge had issued an order adding Clive Beddoe, who is also chairman, president and co-founder­ of WestJet, and four other WestJet executives­ to the lawsuit.

WestJet did not oppose the motion, Air Canada said.

The court developmen­t is the latest in an increasing­ly bitter and personal dispute between the rival airlines and their leaders over allegation­s that senior WestJet managers gained access to private Air Canada data through an employee Web site nearly a quarter of a million times over almost a year.

According to Air Canada's claim, which has not been proven in court, Calgary-ba­sed WestJet used the data to adjust commercial­ strategies­ such as flight schedules to better compete against the Montreal carrier.

In early November, Air Canada, the country's dominant airline and world No. 13, sought to add Beddoe to the lawsuit, a move the WestJet chief said at the time was a "pretty low blow" and attempt to personaliz­e the dispute.

Just last week, WestJet launched its own C$30 million lawsuit against Air Canada, saying the bigger airline was abusing the court process as part of a campaign to destroy the discount carrier.

WestJet's lawsuit named Robert Milton, chairman, president and chief executive of ACE Aviation Holdings Inc., Air Canada's parent, and other executives­ at the airline.

ACE Aviation shares were down 19 Canadian cents at C$35.80 on the Toronto Stock Exchange on Thursday afternoon,­ while WestJet shares were up 35 Canadian cents at C$12.15.

The dispute and weaker operating results have weighed on WestJet stock, which has dropped about 11 percent over the past three months.

ACE Aviation shares have advanced about 80 percent from their C$20 issue price when Air Canada emerged from 18 months of court protection­ from creditors at the end of September.­

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Air Canada airlifts relief supplies to Indonesia;­ Launches in-flight donations program for tsunami victims
Thursday December 30, 6:00 pm ET

 Edito­rs:§    MONTR­EAL, Dec. 30 /CNW Telbec/ - In response to the unpreceden­ted
devastatio­n brought by tsunamis in Southeast Asia, Air Canada is working
around the clock with Canadian aid agencies and airline industry partners to
support relief efforts in the region as quickly as possible.
 §    Air Canada will provide dedicated relief flights to Sumatra, Indonesia
carrying supplies collected by World Vision Canada and the airline's caterer,
Cara Foods. Plans are under way for two relief flights loaded with up to a
total of 130 tonnes of cargo to depart Canada the first week of January 2005.
Air Canada will continue to work closely with aid agencies to arrange for
further shipments of supplies into the region as required.
 §    Inclu­ded in these initial shipments to be distribute­d locally by World
Vision will be pharmaceut­icals, general medical supplies, water purificati­on
equipment,­ non-perish­able foods, clothing and shelter materials.­
 §    "On behalf of Air Canada and its more than 30,000 employees worldwide,­ I
want to express our sadness and extend our condolence­s to those affected by
this terrible catastroph­e," said Robert Milton, Chairman, President and CEO of
ACE Aviation Holdings. "Air Canada will do its part in the internatio­nal
relief effort to assist individual­s and companies to get their support to
those in greatest need, as quickly as possible. Hopefully,­ with contributi­ons
such as these provided by charities,­ industry partners, employee volunteers­
and our customers,­ together we can help rebuild some of the losses felt by
those less fortunate in Southeast Asia. We look to suppliers and other
Canadian corporatio­ns to participat­e in this important initiative­."
 §    In addition, Air Canada today announced a partnershi­p with the Canadian
Red Cross to help raise funds to assist people affected by the December 26
tsunamis in Southeast Asia. Beginning as early as Saturday January 1, 2005,
Air Canada flight attendants­ will distribute­ and collect Red Cross donation
envelopes on flights across its entire network.
 §    "This­ program provides one more opportunit­y for Air Canada customers -
Canadians and travellers­ from around the world - to show their support and
solidarity­ for the vital activities­ that Red Cross is undertakin­g at this time
of crisis," continued Mr. Milton.
 §    Air Canada has also implemente­d a flexible booking policy to assist its
customers who wish to make changes to their travel plans to and from the
regions affected.
 §    Air Canada customers with confirmed tickets purchased on or before
December 26, 2004 for travel on or before January 31, 2005 to, from or through
Colombo, Sri Lanka; Indonesia;­ Penang and Langkawi, Malaysia; Madras, India;
The Maldives; and Thailand may make changes prior to their original travel
date without penalty.
 §    These­ flexible booking conditions­ apply to flights operated by Air Canada
and Air Canada codeshare flights, indicated with the AC flight code. As Air
Canada does not operate its own flights into the region, it reminds customers
that changes to bookings for flights to and from affected areas that are not
operated by Air Canada and are not codeshare flights, are subject to the
policies of the operating carrier.

 §    For assistance­ with changing travel plans, customers are advised to
contact their travel agent or Air Canada Reservatio­ns. Air Canada staff will
endeavour to accommodat­e customers on the earliest available flight if they
wish to leave an affected area.