Tag Archives: C-FIVS

Air Canada and Air China sign a MOU for a revenue sharing joint venture

Air Canada (Montreal) and Air China Limited (Beijing) today (November 8) announced that the airlines have concluded a memorandum of understanding (MOU) setting out the main principles for a comprehensive revenue sharing joint venture providing for an enhanced partnership on routes between Canada and China which will stimulate traffic growth between the two countries.

The two airlines continued:

The joint venture will generate additional service and pricing benefits for consumers travelling between the two countries as well as provide for enhanced cooperation between the two carriers in the areas of sales, marketing and airport operations. The announcement was made in Beijing during an official visit to China by Canadian Prime Minister Stephen Harper, prior to a meeting of Asia-Pacific Economic Co-operation (APEC) member nations.

Subject to Air Canada and Air China making the necessary filings, obtaining competition and other regulatory approvals and finalizing documentation, the joint venture is expected to come into effect by the end of 2015.

Currently, Air China offers its customers codeshare flights operated by Air Canada between Vancouver and six Canadian cities (Edmonton, Calgary, Winnipeg, Toronto, Ottawa and Montreal) and Air Canada offers its customers codeshare flights operated by Air China between Beijing and six cities in China (Guangzhou, Chongqing, Chengdu, Shenyang, Wuhan and Xi’an).

Air Canada operates up to a total of 28 flights per week between Canada and China, from Toronto and Vancouver to and from Beijing and Shanghai. Air China operates up to 11 flights per week between Beijing and Vancouver.

Top Copyright Photo: SPA/AirlinersGallery.com. Air Canada’s Boeing 777-333 ER C-FIVS (msn 35784) climbs away from London (Heathrow).

Air Canada: AG Slide Show

Air China: AG Slide Show

Bottom Copyright Photo: Boeing 777-39L B-2037 (msn 38677) of Air China taxies to the gate at Los Angeles International Airport.

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Air Canada reports 2Q operating income of C$75 million but a net loss overall

Air Canada (Montreal) reported operating income of $75 million in the second quarter of 2010 compared to an operating loss of $113 million in the second quarter of 2009, an improvement of $188 million. Earnings before interest, taxes, depreciation, amortization and aircraft rent (EBITDAR) of $333 million increased $198 million from the second quarter of 2009 (an increase of 147 per cent). These results were in line with the preliminary range of operating income of $60 million to $80 million, and EBITDAR of $320 million to $340 million, announced in Air Canada’s news release dated July 20, 2010.

Air Canada estimates that disruptions to its transatlantic flying schedule following the closure of European airspace in mid-April due to volcanic ash had a negative impact of approximately $20 million on its operating income in the second quarter.

Air Canada reported a net loss of C$203 million in the second quarter of 2010 which included a charge of C$54 million in interest expense relating to its secured term credit facility, and foreign exchange losses of C$156 million. This compared to net income of $155 million in the second quarter of 2009 which included gains on foreign exchange of C$355 million.

Copyright Photo: Antony J. Best. Now gone, Boeing 777-333 ER C-FIVS (msn 35784) arrives at London (Heathrow) in the Vancouver 2010 motif.

Photographers spoil Air Canada’s Olympic surprise

News article (we like to think of it as recording airline history, all photos welcome):

www.ctvolympics.ca/news-centre/newsid=12396.html#plane+spotters+spoil+air+canadas+olympic

Please click on photo for full view, information and other hot photos.

Please click on photo for full view, information and other hot photos.

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