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The Air Canada Act of 1978 ensured that the carrier would compete on a more equal footing with rival regional airlines and CP Air, and ended the government's direct regulatory control over Air Canada's routings, fares, and services. [22] The act also transferred ownership from Canadian National Railway to a subsidiary of the national government ...
Air Canada is the largest airline and flag carrier of Canada. [1] Founded in 1937 as Trans-Canada Air Lines , it provides scheduled services to 195 destinations on six continents. Its largest hub is Toronto Pearson International Airport , followed by Montréal–Trudeau International Airport and Vancouver International Airport .
In 2002, Aeroplan was spun off as a wholly owned subsidiary of Air Canada. In June 2005, Air Canada's parent company, ACE Aviation Holdings, sold 12.5% of Aeroplan for $250 million through an initial public offering, thereby creating the world's first publicly traded loyalty program, Aeroplan Income Fund, at a valuation of $2 billion.
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Air Canada Regional Inc. was established in 2001 from the consolidation of the Air Canada Connector carriers Air BC, Air Nova, Air Ontario, and Canadian Regional Airlines (shortly after the merger between Canadian Airlines and Air Canada). The merger was finalized in 2002 with the creation of a new brand: Air Canada Jazz.
Air Canada warns that it will take days to get back to normal, saying: “In the event of a short shutdown, many crews would still be in transit home while the airline is trying to start-up. Crews ...
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