Home / Tag Archives: Air

Tag Archives: Air

More ‘bruises and bloodshed’ expected for Air Canada and WestJet


Canadian airline investors aren’t reaping the benefits of the sharp decline in oil prices, and one analyst thinks he knows why. Air Canada and WestJet Airlines Ltd. are both down about 25 per cent in the past six months, while WTI oil prices have declined more than 30 per cent …

Read More »

EU court backs airlines, including Air Canada, reversing fine over air freight price fixing


Air France-KLM and 10 other airlines, including Air Canada, have won a challenge against a near 800 million-euro (US$1.2-billion) fine for fixing air freight charges, with Europe’s second highest court saying on Wednesday that it found the EU decision contradictory. The European Commission in a 2010 finding said that 11 …

Read More »

Air Canada asks Supreme Court to reject maintenance ruling in Quebec lawsuit fight


MONTREAL — Air Canada has asked the Supreme Court to intervene to overturn a court ruling that requires the carrier to keep maintenance operations in the country. The Montreal-based airline said Tuesday it is seeking leave to appeal a Quebec Court of Appeal decision in November. That ruling upheld a …

Read More »

U.S. looks to Canadian model as it debates air-traffic-control privatization


A major debate is underway about how to fix the United States’ bureaucratic air traffic control network, and stakeholders are looking north to Canada’s privatized system for a model of how it should be done. The U.S. Federal Aviation Administration has struggled for years to secure enough funding to update …

Read More »

Quebec drops lawsuit as Air Canada agrees to service CSeries jets in province


QUEBEC CITY — Air Canada has agreed to service up to 75 passenger jets it is buying from Bombardier Inc in the companies’ home province of Quebec for 20 years, officials said on Wednesday. Quebec will also drop a lawsuit it filed against Air Canada for not living up to …

Read More »

Air Canada announces plans to buy 75 Bombardier CSeries planes worth $3.8 billion


Air Canada said its costs would fall this year if the Canadian dollar remained unchanged from 2015 levels, and announced plans to buy up to 75 CS300 aircraft from Bombardier Inc as part of a plan to renew its fleet. A falling Canadian dollar has been weighing on Air Canada …

Read More »

Air Canada stock met with turbulence after CEO takes shot at ‘short-term investors’


Air Canada’s decision to stop providing capacity guidance was a shot across the bow at short-term investors, but the shrapnel is hitting long-term investors too. The airline’s stock fell for the second day in a row Thursday after it said it will no longer release capacity forecasts and will also …

Read More »