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ada requested and received ca 1 billion in financial aid from a consortium of entities including the canadian government ace and associate company aeroplan the centre for aviation reported that only ca 600 million was actually loaned to air canada the rest of the money was from sale leaseback accounting and aggregating an array of biscuit tin savings 50 2010s edit in december 2010 ace sold 44 million air canada shares 51 followed by the remaining 31 million shares in november 2012 to cormark securities inc 52 new branding and fleet edit new livery for air canada s fleet unveiled at montréal trudeau international airport in february 2017 with an airbus a321 on 9 february 2017 a new retro red and black aircraft livery was launched to coincide with air canada s 80th anniversary and canada s 150th anniversary of confederation the update includes design aspects from the logo used between 1964 and 1992 with an overall white colour scheme with a black underside tail fin with red maple leaf rondelle black air canada lettering with a red maple leaf rondelle underneath and a black mask surrounding the cockpit windows 53 an air canada airbus a220 300 at halifax stanfield international airport 2020 in december 2013 air canada ordered 61 boeing 737 max single aisle narrow body aircraft to replace its existing fleet of airbus a320 series aircraft with the first max 8 variant delivered on 2 november 2017 54 55 some airbus a319s will be transferred to air canada s rouge subsidiary with the remaining fleet retired as part of the deal boeing purchased 25 embraer e190s from air canada that were retired in 2016 the same year air canada signed an agreement with bombardier aerospace to replace the e190s with airbus a220 cseries aircraft from 2019 56 in july 2017 air canada reintroduced premium economy on its north american wide body flights 57 in april 2018 air canada rebranded its international business class cabin as air canada signature class 58 passengers could expect an enhanced menu including the new air canada signature cocktail as well as new amenity kits a chauffeur service using bmw vehicles at its hubs during domestic to international connections and access to the air canada signature suite at toronto pearson international airport on select north american routes air canada signature service is offered on widebody aircraft in may 2018 air canada listed taiwan as part of china to comply with a requirement of china s civil aviation administration 59 on 6 june 2018 air canada and air china signed a joint venture the first joint venture between a north american and chinese airline 60 attempted acquisition of transat a t edit on 16 may 2019 air canada announced it was in exclusive talks to buy transat a t the parent company that owns air transat for ca 520 million 61 on 27 june 2019 transat a t agreed to be purchased by air canada for ca 13 per share on 11 august 2019 air canada raised the purchase price of transat a t to ca 18 per share the overall value of the deal was now 720 million on 23 august 2019 95 of transat a t shareholders approved the acquisition by air canada on that basis the agreement was revised downwards in october 2020 to ca 5 per share reflecting the challenges posed to the airline industry by the covid 19 pandemic 62 the plan was expected to face intense scrutiny from the competition bureau and other regulatory authorities including in europe according to cbc news 63 while the government of canada approved the takeover on 11 february 2021 64 it was dropped in april 2021 following a failure to secure european commission approval 65 2020s edit covid 19 pandemic edit travel restrictions caused by the covid 19 pandemic forced air canada to heavily restrict service on 18 march 2020 the airline announced it would suspend most of its flights by 31 march 66 service began to return to normal on 22 may with flights to more cities being added over the summer 67 in its first quarterly financial report air canada announced it had lost ca 1 05 billion compared to a profit of ca 345 million in q1 2019 68 the airline similarly suffered in the third quarter reporting a loss of ca 685 million it stated capacity in the fourth quarter of the 2020 fiscal year would be 75 per cent lower than the previous year 69 in june 2022 after the provincial governments across the country began lifting pandemic era restrictions air canada announced it was cancelling over 150 daily flights in the summer due to unprecedented and unexpected pressure in the aviation industry 70 in april 2021 the government of canada acquired 6 4 of air canada as a part of a 5 9 billion covid 19 related assistance package and has not ruled out further investment 71 72 in 2024 the government sold its stake in air canada confirming they did not intend to be a long term owner of the shares 73 in september 2022 air canada welcomed the government of canada s decision to lift remaining covid 19 restrictions including requirements for wearing masks on aircraft testing and quarantine and the compulsory use of arrivecan beginning 1 october 2022 and noted that the measures were not justified by science 74 fleet renewal expansion airbus a320 family retrofit and transfer of boeing 737 max to air canada rouge edit on 22 march 2022 air canada placed a order for 26 airbus a321xlr aircraft making air canada the second airline in canada to fly the airbus a321neo family of aircraft alongside air transat 75 on september 25 2023 air canada also placed a order for 18 boeing 787 10 dreamliner aircraft 76 on 23 october 2023 air canada announced that it would retrofit the airbus a321 and 8 of its airbus a320 aircraft with the a220 standard to replace the xm cabin which would feature airspace xl bins new entertainment screens exterior cameras and satellite based wi fi 77 on 17 december 2024 air canada announced that it would transfer its boeing 737 max 8 aircraft to air canada rouge and it would create a hub for rouge at vancouver international airport air canada rouge s airbus a320 and a321 fleet will transfer to the mainline fleet as part of the transition and would be retrofitted with the a220 standard 78 79 flight attendants strike edit main article 2025 air canada flight attendants strike in august 2025 air canada experienced a work stoppage involving more than 10 000 flight attendants represented by the canadian union of public employees the strike began on 16 august and led to the cancellation of approximately 130 000 passenger journeys per day 80 a tentative agreement was reached on 19 august and operations resumed later that day 81 the wage component of the agreement was subsequently rejected by 99 1 of members although other provisions remained in effect 82 the strike resulted in 3 200 flight cancellations and an estimated revenue loss of c 430 million 83 ceo resignation edit on 30 march 2026 the company announced that its chief executive michael rousseau will retire from his position by the end of september 2026 following criticism over his condolence speech of the crash of air canada express flight 8646 delivered almost entirely in english with french subtitles instead of posting equivalent statements in both languages as required by the official languages act 84 air canada s board said it would begin a process to find his replacement 84 on 8 july 2026 air canada announced that anko van der werff current president and ceo of scandinavian airlines would become the next president and ceo of the company by the end of january 2027 85 corporate affairs edit business trends edit air canada had been loss making for several years but was profitable from 2012 86 however due to the impact of the covid 19 pandemic the company was again loss making in 2020 the key trends for the air canada group including air canada express and air canada rouge are years ending 31 december 87 operating revenue c m net profit c m number of employees fte a number of passengers m passenger load factor number of aircraft b notes sources 2009 9 739 24 22 900 30 80 7 332 88 2010 10 786 24 23 200 32 81 7 328 88 89 2011 11 612 249 23 700 33 9 81 6 331 89 2012 12 114 131 24 000 34 9 82 7 351 86 2013 12 382 10 24 500 35 8 82 8 352 90 2014 13 272 105 24 400 38 5 83 4 364 91 2015 13 868 308 24 900 41 1 83 5 370 92 2016 14 677 876 26 100 44 8 82 5 381 93 2017 16 252 2 038 27 800 48 1 82 3 395 94 2018 18 065 167 29 900 50 9 83 3 400 95 2019 19 131 1 476 32 900 51 5 83 4 403 96 2020 5 833 4 647 21 100 13 8 61 6 344 c 97 2021 6 400 3 602 19 800 13 2 63 0 337 d 98 2022 16 556 1 700 30 500 36 1 80 5 345 99 2023 21 833 2 276 35 700 44 8 86 7 361 10 2024 22 255 1 720 37 100 45 9 85 0 354 100 2025 22 372 644 37 000 45 3 84 6 353 e 101 102 on average at year end 2020 activities and income in fiscal 2020 were severely reduced by the impact of the coronavirus pandemic 2021 activities and income in fiscal 2021 were severely reduced by the impact of the coronavirus pandemic 2025 data is for the first nine months ended 30 september 2025 activities were impacted by a labour disruption in the third quarter ownership edit air canada became fully privatized in 1989 103 and its variable voting shares are traded on the toronto stock exchange tsx ac and since 29 july 2016 on otcqx international premier in the us under the single ticker symbol acdvf 104 currently the air canada public participation act acppa limits ownership of air canada s voting interests by non residents of canada to a maximum of 25 the canada transportation act cta also requires that canadians own and control at least 75 of the voting interests of licensed canadian carriers accordingly air canada s articles contain restrictions to ensure that it remains canadian as defined under the cta 14 executives edit prior to 1976 air canada was a department of the canadian national railway cnr helmed by a department head who reported to the president of cnr since 1976 the following have been ceo and president 22 1976 1984 claude taylor accountant former air canada reservation agent and executive 1984 1990 pierre jeanniot former overhaul research technician and air canada executive 1990 1992 claude taylor 1992 1996 hollis l harris world airways ceo 2001 04 continental ceo and president 1990 92 president of delta 1996 1999 r lamar durrett former executive with delta continental and system one 1999 2004 robert milton founding partner of air eagle holdings incorporated 2004 2009 montie brewer former united airlines executive 2009 february 2021 călin rovinescu 105 february 2021 present michael rousseau headquarters and operations centre edit not to be confused with scotiabank arena an sports arena in toronto named air canada centre from 1999 until 2018 the air canada centre at montréal pierre elliott trudeau international airport serves as the airline s headquarters by federal law air canada public participation act air canada is obligated to keep its head office in montreal 106 107 its corporate headquarters is air canada centre 108 french centre air canada 109 also known as la rondelle the puck in french 110 a 7 storey building located on the grounds of montréal trudeau international airport in saint laurent 111 in 1975 air canada was headquartered at 1 place ville marie in montreal 112 in 1990 the airline moved its headquarters to the airport to cut costs 113 air canada s operations centre is located in brampton ontario and oversees all flight operations including dispatching and crew scheduling it has an off site disaster recovery site and is typically unused 114 air canada pension plan edit trans canada capital manages air canada s pension plan and its 30 billion in assets 115 tcc has allocated funds in canadian fixed income absolute return hedge funds and real estate infrastructure private equity private debt tcc s team grew the fund from 23 billion in 2020 to 30 billion in 2024 tcc began a partnership with pretium partners in 2013 investing in their single family rental real estate strategy 116 the fund adheres to environmental social and governance esg rules and refrains from investing in companies associated with coal tobacco and weapons production 117 subsidiaries edit air canada cargo edit air canada cargo is the company s freight carrying division based at toronto pearson offering more than 150 shipping destinations through the air canada airline network ground logistics and airline partners 118 its route network has focused on european destinations through eastern canada departure points along with direct services from vancouver and calgary to frankfurt london paris and zurich 118 in toronto a new cargo terminal was completed in early 2002 which featured modernized inventory and conveyor systems 119 cargo terminals are also found in vancouver calgary and montreal on 17 april 2023 a grand theft occurred at the air canada cargo terminal at toronto pearson international airport a container containing gold bars and currency valued at over c 20 million was stolen two air canada employees allegedly participated in this theft 120 air canada express edit main article air canada express operating regional feeder services air canada express is a subsidiary of air canada air canada express is the brand name of air canada s regional feeder service operated by independent carriers jazz aviation and pal airlines 121 air canada jetz edit main article air canada jetz launched in 2002 air canada jetz is a charter service targeting sports teams professional entertainers and corporations the air canada jetz fleet consists of airbus a319 and a320 aircraft in an all business class configuration 122 in february 2014 air canada decided to leave the sports charter business 123 however on 17 march 2015 air canada announced an agreement with several nhl teams to provide charter services under the air canada jetz brand for six years starting from the 2015 2016 nhl season 124 air canada rouge edit main article air canada rouge air canada rouge is a subsidiary of air canada launched in december 2012 air canada rouge is a subsidiary of air canada air canada rouge serves predominantly leisure destinations in europe the caribbean south america central america mexico and the united states 125 using airbus a319 airbus a320 and airbus a321 126 air canada rouge s former routes to asia europe and south america were cancelled after the retirement of its boeing 767 300er aircraft air canada vacations edit air canada vacations is air canada s tour operator all packages include accommodation aeroplan miles and roundtrip airfare aboard air canada and or its star alliance partners air canada vacations offers executive class service on select flights nonstop flights from major canadian cities and daily flights to many destinations 127 128 aeroplan edit main article aeroplan aeroplan is air canada s loyalty marketing program operated by groupe aeroplan inc which was spun off from air canada in 2005 129 air canada re purchased aeroplan from aimia inc in january 2019 130 former subsidiaries edit air canada jazz edit ...