Air Canada

Air Canada to buy 18 Boeing 787 jets

Air Canada to buy 18 Boeing 787 jets

Air Canada said on Monday it had signed an agreement with Boeing to buy 18 widebody 787 Dreamliner jets, as the...
Published 25 Sep, 2023 06:48pm
Air Canada reports a wider loss as COVID-19 restrictions limit travel
Business & Finance

Air Canada reports a wider loss as COVID-19 restrictions limit travel

  • Once that happens, they said travel patterns should be similar to those in the United States, where a fast vaccine rollout and falling numbers of COVID-19 cases have driven a surge in travel demand.
  • Canada's largest carrier reported a loss of C$1.30 billion, compared with C$1.05 billion. Its shares rose 1.3% in early trading.
Published 07 May, 2021 08:08pm
Canadian tour operator Transat secures C$700mn in government funding
Business & Finance

Canadian tour operator Transat secures C$700mn in government funding

  • The news comes barely a day after Reuters reported that Transat was close to reaching a financial aid deal with the federal government involving a loan.
  • Transat said it would use C$390 million to support the company's liquidity needs until its business has recovered enough to generate cash and the rest to reimburse travelers.
Published 29 Apr, 2021 06:32pm
Analysts cut Air Canada's PT after government agrees on equity stake
Business & Finance

Analysts cut Air Canada's PT after government agrees on equity stake

  • "Our target price declines due to the negative impact of greater short-term cash-burn and the impact of the dilution from the share and warrant issue on the price to equity component of our target," James added.
  • The Canadian government on Monday agreed to buy C$500 million worth of shares in the airline at C$23.1793 each.
Published 13 Apr, 2021 07:02pm
Air Canada and Transat terminate planned deal after EU advises against it
Business & Finance

Air Canada and Transat terminate planned deal after EU advises against it

  • Air Canada said that following the recent discussions with the European Commission (EC), it has become evident, however, that the EC will not approve the acquisition based on the offered remedy package.
  • Air Canada in February refused to extend the deadline for its C$188.7 million ($150.19 million) deal for Transat, after European regulators failed to give the go-ahead for the buyout.
Published 02 Apr, 2021 09:44pm