Air Canada January 14, 2019 announced an agreement to amend and extend our Capacity Purchase Agreement (CPA) with our Express carrier Jazz Aviation LP (a subsidiary of Chorus Aviation Inc.).
The enhancements extend the CPA by 10 years from January 1, 2026 to December 31, 2035.
The amendments are subject to approval of a tentative collective agreement between Jazz and the Air Line Pilots Association (ALPA), the union that represents Jazz pilots. They will also simplify and modernize Jazz’s fleet and give us additional regional fleet flexibility.
Once the amendments are made, we’ll make an equity investment of $97.26 million in Chorus and Michael Rousseau, Deputy Chief Executive Officer and Chief Financial Officer, will be appointed to Chorus’ Board of Directors.
(Source: AC Daily January 14, 2019)
Welcome Aimia Canada Inc.
On January 9, 2019 Air Canada published a press release announcing the completion of our acquisition of Aeroplan’s Loyalty Business, making Aimia Canada Inc. (ACI) a wholly owned subsidiary of Air Canada, along with Air Canada Vacations and Air Canada Rouge.
In the release, Air Canada confirmed that Aeroplan Miles will be honoured on a one-to-one basis in our new loyalty program when it launches in 2020.
(Source: AC Daily January 9, 2019)