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Air Canada to Transfer B737 MAX Fleet to Rouge by 2028

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Air Canada has announced its plan to transfer its B737 MAX fleet to its low-cost subsidiary, Air Canada Rouge, by 2028. This strategic move aims to streamline Rouge’s operations by eventually consolidating the unit to a single fleet type, enhancing operational efficiency and reducing costs. Meanwhile, the mainline Air Canada unit still has 12 more B737 MAX aircraft on order, ensuring continued modernization and…

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Air Canada Announces 2028 Financial Targets

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Air Canada has unveiled its 2028 financial targets, outlining ambitious goals that include achieving US$21 billion in operating revenues, a minimum adjusted EBITDA margin of 17%, and approximately 5% free cash flow margin. These targets highlight the airline’s focus on long-term profitability and sustained financial growth.

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Canadian Government Sells Air Canada Stake

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The Canadian government has reportedly sold its 6% stake in Air Canada, which it had acquired in 2021 for $350 million as part of a bailout package to support the airline during the COVID-19 pandemic. This move marks a significant development in the relationship between the government and the nation’s flagship carrier.

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Air Canada Sells Two B767-300Fs to Ethiopian Airlines

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Air Canada has finalized the sale of two Boeing 767-300F freighters, identified by serial numbers 67023 and 67024, to Ethiopian Airlines, one of Africa’s leading carriers. The aircraft, previously in production storage, have now been delivered to Addis Ababa, marking a notable transaction in the global air cargo sector.

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Air Canada to Launch Daily Vancouver-Beijing Nonstop Flights in January 2025

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Air Canada has announced the commencement of a new daily nonstop service between Vancouver and Beijing Capital International Airport, set to launch on January 15, 2025. This route will be operated by the Boeing 787-9, a long-haul aircraft known for its fuel efficiency and passenger comfort, enhancing connectivity between Canada and China.

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Air Canada to Expand Fleet with 90 New Aircraft Deliveries Over Five Years

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Air Canada has outlined an ambitious fleet expansion plan, expecting the delivery of 90 new aircraft over the next five years. This comprehensive addition will include a mix of aircraft types aimed at enhancing the airline’s operational capabilities and meeting growing passenger demand. The upcoming deliveries include two Boeing 767-300ERs re-entering the fleet in 2025,…

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Air Canada Reports Third Quarter 2024 Financial Results

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Air Canada has released its financial results for the third quarter of 2024, reporting operating revenues of $6.1 billion, a 4% decrease compared to the same period in 2023. The airline achieved an operating income of $1.04 billion and an adjusted EBITDA of $1.523 billion, reflecting year-over-year declines of $375 million and $307 million, respectively.

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Air Canada to Boost Direct Flights to China Following Policy Shift

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Air Canada announced plans to increase its direct flights to China starting December 2024, following the Canadian government’s recent decision to lift restrictions on Chinese airlines’ flights to Canada. This policy shift, reversing a 2022 limit, paves the way for improved bilateral connectivity, aiming to bolster economic ties and ease travel for business and leisure…