Air Canada

895879 ..geht da was ? ist staatlich gefördert..die 11 grösste Gesellschaft..und die einzig namenhafte da unten..

was meint ihr ??

GRUSS

O P T I

es gibt schon einen Thread dazu:
http://www.ariva.de/board/185563/..._id=&search_full=air%20canada&177

Wenn dir das nicht reicht: Ich denke da geht was. Hab mich da ziemlich reingekniet in die Recherche. Entscheidend wird sein, ob die Gläubiger dem Restrukturierungsplan zustimmen. Bis Ende März entscheidet sich da alles. Ist etwas riskant. Wenn trinity, eine Honkonger Investment Firma nicht einsteigt, weil die Gläubiger nicht zustimmen, dann geht die Pleite weiter. Ich denke aber, dass Canada als Staat interessiert sein wird, die eigene Fluggesellschaft zu halten.

Gruß BarCode

in Canada...

gestern in canada in plus gewesen...
heute in edf 10% in plus..
und ab 16:00 gehts richtig los..wenn canadier wieder auf machen..

du hast hier einmal gepostet, dasS du hier auf 100.000 st aufstocken willst,

hast du sie schon beisammen???

aber bald...
wieviel hast du denn...

schwächeren kursen noch mal 15.000 nachlegen.

50000 stück... und werde aufstocken auf 100000...
bis 0,40cent steige ich noch ein..
und werde warten auf 2,0€ ...
am 27/28 feb. wird  entschieden über zukunft air canada...
es muss positiv verlaufen...
canada wird nicht ihre erste und einziege staatliche airline in stich lassen...
gruss falke65    

in Canada und die Öffnungszeiten ?

www.stockhouse.ca/comp_info.asp?symbol=AC&table=list

denn obiegen chart dass ic canada mit sehen hohel volumen gehandelt wird..
jeden tag über 3 mio....

wkn 895879  
geht in edf ins plus....
unter 0,30 cent ist die aktie sehr unterbewertet..  

ich glaube ich muss mall nachhelfen...
gebe mall order in edf auf für 0.30cent..

wieder in minus..
langsam wird es mir zu langweilig mit der aktie...

Ist hier noch jemand inverstiert oder seit ih alle schon abgesprungen?

bin auch noch mit dabei

Dann warten wir halt gemeinsam - geteilte Geduld ist doppelte Geduld

LG

to

kommen heute oder morgen nachrichten ob bzw.wie es weiter geht soviel ich weiß.Ist schon was bekannt??

entnehme ich dem Zwischenbericht von gestern. Insofern nix Neues. Entscheidend ist der März. Bis Ende März muss der Restrukturierungsplan abgearbeitet sein. Dann steigt TTI endgültig ein und das Insolvenzverfahren wird dann wohl aufgehoben. Also weiter Geduld.

Gruß BarCode

wisst ihr was neues von air canada?
war gestern auch vom farmatic-absturz betroffen und bräuchte dringend mal wieder was positives?!

lg

tom

verkaufe aber auch keine einzige,das mit farmatic tut mir leid für dich hoffe es war nicht zu schlimm .War auch dabei bin aber letzte Woche noch raus.Bin jetzt mit QT 5 im Arsch.

Danke für deine aufmunternden Worte - war nicht verheerend. Jedenfalls nichts passiert, was man nicht mit Geld wieder gut machen könnte.
Aber wie ich seh, erlebt hier ja wohl jeder manchmal so ein Debakel. Wird wohl notwendig sein, um uns wieder mal auf den Boden runterzuholen.

Letzte Woche hat mich die Meldung über die Aktien der United Airlines ein wenig aufgeschreckt - obwohl ich die Sache dann nicht wirklich weiterverfolgt habe...

Also - jedenfalls schönen Abend euch allen!

Tom  

letzte restructioning-news vom 23.2., Kleinkram und alles im Plan. Tut mir leid für dich mit farmatic. Bei mir gehts seit Wochen seitwärts, Gewinne auf der einen werden sofort durch Verluste auf der anderen Seite wettgemacht. Aber wenigstens nicht abwärts. Weiter abwarten.

Gruß BarCode

Frankfurt (vwd) - Die geplante gemeinsame IT-Plattform der Fluggesellschaften Lufthansa, United Airlines (UAL) und Air Canada wird den beteiligten Unternehmen nach Aussage von Lufthansa-Vorstandsmitglied Holger Hätty jährlich 200 Mio bis 300 Mio EUR einsparen. Das sagte Hätty bei einem Pressegespräch am Montag, machte jedoch keine Angaben zu den Aufbau- bzw Umstellungskosten. In den nächsten Wochen werde über den Kooperationspartner entschieden, der die IT-Infrastruktur bereit stellen soll, wobei die Amadeus Global Travel Distribution SA, Madrid, weiter gute Chancen auf den Auftrag habe. Das Projekt soll Ende 2004 starten und 2007 einsatzbereit sein.

Mit der gemeinsamen IT-Plattform der 3 im Luftfahrt-Bündnis "Star Alliance" vertretenen Gesellschaften sollen Kunden künftig bei jedem Reisebüro, Call Center oder Automaten auch Tickets der jeweils anderen Airlines kaufen können. Auch Check-In und Boarding sollen bei jedem Schalter der drei Partner möglich sein. Der Bereichsvorstand Netzmanagement, IT und Einkauf bei der Deutschen Lufthansa AG, Köln/Frankfurt, betonte, dass die Initiative der 3 Fluggesellschaften später offen für die anderen 11 Star-Alliance-Partner sei. +++ Eddy Holetic
vwd/8.3.2004/eh/jhe

08.03.2004

meldung über den stand der dinge nicht schaden.


gruss



310367a

am 31. März, wenn Du 37 wirst, ne Flasche Schampus köpfen, weil AC durch die Decke flitzt ;-)

Oder aber Du brauchst dann den Alk zum betäuben des Verlustschmerzes...

Sorry für die unqualifizierte Meldung, wollte nur wg. Deines Nicknames rumrätseln :-)))

den ich hier landen konnte :-)))

Um aber auch mal was zur Sache loszuwerden: habe gleich nach den Anschlägen in Madrid meine Lufthansaaktien zur Hälfte verkauft, da ich seit ca. 8 euro dabei war und nicht zusehen wollte, wie der schöne Gewinn komplett den Bach runter geht.
Muß schon sagen, diese Branche ist wirklich sehr empfindlich, was Terror angeht und ich hoffe, AC ist nur ein kleineres Bonbon in Deinem Depot?
Konnte es mir - als leidenschaftlicher Luftfahrtfan - selbst nicht verkneifen, ein paar zu kaufen und sehe nun mit freudigem Interesse, dass selbst zu schlimmsten Zeit in der letzten woche die Teile kaum unter 26 Ct gerauscht sind. Könnte optimistisch stimmen, nicht wahr?! Als würde sie sich wappnen für ihren großen Auftritt Ende März (pünktlich zu Deinem Geburtstag...)

"That was a fair settlement and they knew about it up front," Pam Sachs, head of the union representing 6,500 Air Canada flight attendants told Reuters.

"We've said all along that if Trinity is not the right partner for Air Canada because they don't like the arrangements ... then perhaps Air Canada needs to find another equity investor."

Li's company was picked by Air Canada to be the leading equity partner after Trinity improved its original offer to overcome a competing bid from New York buyout firm Cerberus Capital Management LP.

"We expected this. We hope he changes his mind and, if not, I guess the challenge will be to find another investor. There were six or seven of them registered in the beginning," said Gary Fane, head of the transport section of the Canadian Auto Workers. The union represents more than 7,000 Air Canada workers, including ticket clerks and maintenance staff.

"We have absolutely no interest (in changing our position) and we're confident that he understood the arrangements before he decided to put forth his investment."

Don Johnson, president of the Air Canada Pilots Association, told Reuters the union negotiates with Air Canada, not Trinity. He also noted that Trinity knew about the pension issue when they bought in.

"If Trinity believes there's not enough money in it for them, I don't know if we can solve that problem for them, but don't play with us like this," he said.

"Our position, everybody has known it from day one. The line is drawn in the sand over pension. We gave up the money that we gave up, we gave up the working conditions. We agreed to layoffs, all in order to not touch pension. And we don't think that there's any reason to change that right now."

Air Canada currently has a defined benefit scheme, in which employees are guaranteed specific pension levels regardless of market fluctuations.

Trinity is pushing to switch Air Canada employees to a defined contribution plan, which would transfer the investment risk from the company to the employees. The proposal has been adamantly rejected by the unions.

($1=$1.34 Canadian)

noch ein klein wenig fester...

umsonst eine der reichsten fam. in land der untergehenden sonne.

was ich hier leseheisst so viel wie noch mehr leute weg und den aufwand noch mehr runter zu schrauben.

was solls. wenn saniert werden muss ist das halt mal so


gruss


310367a


PS: dem aktionär wird es gefallen, dem familienvater, der seinen job verliert, eher nicht.

Wenn die Gewerkschaft dieser miesen Erpressung nicht nachgibt, springt Li ab und die Suche nach einem Großinvestor beginnt von neuem!

Und es geht nach meinem Verständnis nicht darum, wie viele Leute AC rauswerfen soll, bevor Herr Li sich zu seinem Investment herabläßt, sondern darum, die Betriebsrenten einzuschmelzen, bzw. die konjunkturUNabhägkeit der Betriebsrenten aufzuhebeln und das Risiko auf die Angestellten abzuwälzen, indem die Höhe dieser Zuwendungen von der Konjunktur abhängig gemacht wird.

Ich hoffe, es ist einfach nur chinesischer Poker und Li, der ja nun wirklich nicht überrascht sein konnte, dass die Betriebsrenten einmal in dieser Form vereinbart worden waren, sich immer noch ne fette Rendite verspricht, wenn er AC vor dem Konkurs rettet.

was meinst du wovon bei uns die NORMALE zusatzrente abhängig ist. die werden genauso im freien markt angelegt und wenn mal jahre kommen wie sie wir die letzten 4 hatten, dann werden die prognosen einfach runtergeschraubt.

ein betrieb mit geringen margen kann sich das auch über kurz oder lang  bei uns nicht mehr leisten, sofern es überhaupt noch betriebe gibt, die betriebsrenten zahlen.


und die jenigen die eine zahlen, die haben auch so ihre klauseln.


gruss



310367a

Und eigentlich ja auch irgendwie logisch, muss ich zugeben.
Wenn die Verhältnisse hier denen in Kanada ähneln (und auch das wäre eher logisch), müsste das ja bedeuten, die Gewerkschaft verteidigt ein Privileg der AC-Angestellten, das von den meisten Kanadiern als ungewöhnlicher Luxus empfunden wird? Wenn das so ist, könnte ich mir vorstellen, dass auch die AC-Angestellten vielleicht eher bereit sind, in diesem Punkt auch noch nachzugeben, wenn daddurch ihr Job gesichert wird.
Dann wär der HickHack also nicht minder ein Kanadischer Poker...
Gruß, Lilith

ich das . absichern nach allen seiten.
natürlich muss man dieses ganze spiel auch nach oben so betrachten.


gruss


310367a

PS: was haben die gewerkschaften davon, wenn sie auf biegen und brechen dagegen sind. man müsste natürlich jetzt genaue zahlen kennen, um welche beträge es sich handelt. aber wenn es sich beim einzelnen um einige ca-$ handelt, dann währe es doch dumm, wegen dieser beträge ein unternehmen auf spiel zu setzen, oder nicht????

es wird sich ja hoffentlich nicht um beträge von ein paar hundert ca-$ handeln nehm ich mal an.

A pullout by Trinity would likely postpone the airline's plan to emerge from bankruptcy protection by April 30.
GE Capital Aviation Services, Air Canada's largest aircraft lessor, has told the court overseeing the restructuring that it is also concerned about the pension impasse. Some C$1.8 billion of financing from GE Capital hinges on the airline emerging from bankruptcy protection on schedule.
If Air Canada fails to complete the court-supervised restructuring of its costs and finances, it could face liquidation.
Unions representing the bulk of Air Canada's roughly 35,000 employees have flatly rejected Trinity's proposal and say the matter is not even open to discussion.
"That's their monkey, it's not mine," Sachs said. "They have created this problem."
"They are going to try to squeeze our members for every single drop they can get right up until this deadline."
"That deadline will move. It's moved two or three times," said Gary Fane, of the Canadian Auto Workers union, which represents 8,000 reservation and airport workers.
Canada's dominant airline and world No. 11, under court protection from creditors since April 1, refused to comment on Thursday.
"It's Trinity's release, we're not commenting on it," said Air Canada spokeswoman Isabelle Arthur.
The airline's pension fund has a C$1.3 billion ($1 billion) deficit.
Some big airlines in the United States, where labor laws are more lax, have already switched their pension schemes to defined contribution plans.
Air Canada's unions argue they made some C$1.1 billion of concessions last year during talks to cut costs at the airline, provided their pension plans would not be changed.

Gruß BarCode

na ja , was für alternativen hat die gewerkschaft denn???

stimmen sie ohne zu kämpfen zu, stehen sie vor der belegschaft schlecht da.

stimmen sie dagegen, wird dieses unternehmen, so wie es jetzt ist, geschlossen. anschliessend wird sie wieder unter einem andern namen und vielleicht anderer führung wieder eröffnet, sowieso mit neuen bedingungen.

meine meienung ist, dass zuerst die gewerkschaften sich dagegen aussprechen werden, dasmit sie ihr gesicht bewahrt. dann werden verhandlungen geführt werden und ungefähr in der mitte , zur zufriedenheit aller wird man sich dann einigen.

natürlich wird sich jeder ein HINTERTÜRCHEN  offen halten wollen.

aber ich denke mal, auch im interresse der belegschaft, wird sich die gewerkschaft einigen.

was hat man von hohen ansprüchen , wenn es das unternehemen nicht mehr gibt , bei denen man sie ansprüche hätte.


gruss


310367a

Toronto (vwd) - Die Air Canada, Montreal, will ihren Gläubigerschutz um einen Monat bis zum 30. April verlängern. Am 30. April enden die Verhandlungen des Unternehmens mit 2 wichtigen Investoren. Wie aus einem Bericht der gerichtlich bestellten Insolvenzsachverständigen Ernst & Young vom Donnerstag weiter hervorgeht, wird die Fluggesellschaft voraussichtlich in der kommenden Woche ihre Zahlen für 2003 und ihren überarbeiteten Geschäftsplan vorlegen.

Laut Ernst & Young muss Air Canada mehrere Bedingungen erfüllen, damit der Gläubigerschutz aufgehoben werden kann. Zum einen muss die Gesellschaft ihre Pensionspläne ändern und die Zustimmung der zuständigen Behörden zur Finanzierung der Unterdeckung des Pensionssystems einholen. Zum anderen müssen die Verträge mit den Investoren Trinity Time Investments Ltd und GE Capital Aviation Services (GECAS) abgeschlossen sein. Trinity zahlt voraussichtlich 650 Mio CAD für 31% an der restrukturierten Gesellschaft. GECAS finanziert die Sanierung mit 585 Mio USD und investiert weitere 950 Mio USD in die Finanzierung von Flugzeugen. vwd/DJ/25.3.2004/cn/jhe

25.03.2004, 25.03.


Air Canada:  895879

Robert Milton, Air Canada's president and chief executive, said he plans to meet Li in the coming days.

"Trinity is serious in its intent to reexamine the $650 million equity investment in Air Canada and as a result I will be meeting with Victor Li in the next week to review these matters," Milton said in a letter to employees on Wednesday.

Air Canada officials will not say exactly where and when Milton and Li plan to meet. "We're not going into that level of detail," said Air Canada spokeswoman Isabelle Arthur.

Unions for 85 percent of Air Canada's 35,000 staff, from pilots to mechanics, have refused to discuss Trinity's plan to change their pensions from defined contributions schemes to defined benefit ones.

The unions argue this would effectively transfer the investment and payout risk from the company to the workers. The plans are running a C$1.3 billion deficit.

Trinity says big U.S. airlines, rivals to Air Canada on cross-border and international routes, have already switched their pension plans to lower their costs and financial risks.

OBLIGATIONS EXCEED CASH

The April 30 date for Air Canada's exit from bankruptcy protection is important because Trinity's agreement to invest in the airline expires on that day.

Air Canada said in court documents it needs the one-month extension to finalize a timeline for its exit from the process. That includes submitting a plan to creditors on how much the airline is proposing they recoup on their original investment and setting a date to vote on it.

The airline said it expects to complete its revised business plan by Friday and release its year-end financial results on Wednesday. Analysts are forecasting a deep loss for the airline.

Financing agreements between Air Canada and General Electric Capital Corp. and its affiliates also hinge on the airline exiting bankruptcy protection by April 30. GE units are providing some C$1.85 billion of new funding for Air Canada to modernize its fleet.

A report released on Thursday by Ernst & Young, Air Canada's court-appointed monitor for its restructuring, said that at Feb. 29, the airline had accumulated C$1.5 billion of obligations since its bankruptcy protection filing. Those obligations exceeded its C$827.3 million of cash by C$692.1 million.

"When combined with the amount of post-filing advance ticket sales of C$503.6 million, the overall deficiency is significant and accordingly, the monitor notes that in the event the company's restructuring is not successful and the company is liquidated there will be limited assets available from realization to fund post-filing obligations," Ernst & Young said.

In Ottawa, Finance Minister Ralph Goodale said no special provision had been set aside for the former state-owned flag carrier airline.

"There's no contingency or other provision on the books at the moment. There are potentially existing programs within Industry Canada, for example, that may be relevant to a company in distress but there's no special provision," he said.

Transport Minister Tony Valeri said the federal government was still optimistic the airline would find a private sector solution to its restructuring.

Air Canada shares closed up 4 Canadian cents at C$1.32 in Toronto on Thursday.

(Additional reporting by Gilbert Le Gras in Ottawa)

($1=$1.33 Canadian)

Air Canada chief executive Robert Milton, who stands to receive a C$20 million bonus if Li stays on board, met with Li last week to try to solve the impasse, and both are continuing to talk, the court heard on Monday.

Air Canada said that if Li keeps its investments in the company, it would submit on April 15 a detailed timeline for the completion of its restructuring. That would include holding as soon as possible a creditor meeting to vote on a plan of arrangement to settle up to C$10 billion in claims.

BUSINESS TOUGHER THAN EXPECTED

Milton will also present a revised business plan to Li and Air Canada's board of directors on Tuesday that will reflect a darker than expected picture after a full year of restructuring under bankruptcy protection.

Milton warned employees last week the airline has failed to reap the expected labor-cost savings.

Air Canada, which carries two-thirds of Canadian domestic traffic, is facing stiffer competition from low-cost carriers WestJet Airlines Ltd.(Toronto:WJA.TO - News) and Jetsgo, while suffering from near-record high prices for jet fuel.

Dave Ritchie, vice-president of Air Canada's mechanics and luggage handlers, said employees will not accept another round of job and pay cuts.

Ritchie said Air Canada just has to find another investor if Li is not satisfied with Air Canada's financial prospects.

"There are a lots of people out there, and Li is just one of them," Ritchie said.

But further delays in Air Canada restructuring are also threatening C$1.85 billion in loans and aircraft financing that General Electric Capital Corp.(NYSE:GE - News) has agreed to with Air Canada.

Those agreements are conditional on the airline emerging from bankruptcy protection no later than April 30.

Air Canada has been operating under bankruptcy protection since April 1, 2003, and is expected to show a deep loss when it reports yearend financial results on Wednesday.

Its shares fell 9 Canadian cents, or 7 percent, to C$1.18 on the Toronto Stock Exchange (News - Websites) on Monday.

(Additional reporting by Charles Grandmont in Montreal)

ist doch bis jetzt genauso wie ich es gesagt habe.

die gewerkschaften müssen erst mal ihr gesicht bewahren in dem sie dagegen sind. dann gehts hart auf hart. wie lin sagt. andere haben diese sanierungen schon durchgeführt , wird ihnen zur fortführung der fluglinie nicht viel anderes überbleiben.

das hört sich zwar hart an, ist aber unumgänglich. die gewerkschaften würden hier 1000sende jobs aufs spiel setzen. die fluglinie wird übernommen werden und dann sind die bedingungen meines erachtens noch viel schlechter als sie jetzt ausverhandelt werden können.

haben wir nicht alle einschnitte in kauf nehmen müssen die letzten jahre, dies ist keine europäische erscheinung, sondern eine weltweite. und um weiter zu existieren müssen sie halt opfer bringen. wenn ich es mir aussuchen könnte, würde ich lieber sinnvoll zurückstecken, als an irgend eine fluglinie angeschlossen zu werden, dann mit wahrscheinlich schlechteren bedingungen ,als jetzt ausverhandelt werden können.

mein fazit für die gespräche der nächsten wo. viel bla bla bla... und dann eine für jede seite vertretbare einigung zu gunsten aller hier beteiligten, besonders den arbeitnehmer.


gruss


310367a  

und es wird wirklich nur gepokert. Also der Spruch ist echt der Hammer:

"There are a lots of people out there, and Li is just one of them," Ritchie said.

So naiv kann ja wohl nicht mal ein Gewerkschafter sein, zu glauben, dass da massenhaft Leute da sind, die sich so ne marode und verschuldete Klitsche an die Backe binden wollen. Da ist wirklich ne Menge Kleingeld nötig, um den Laden wieder hochzubringen. Sieht wirklich nach Poker aus. Nur gut, dass der Richter jetzt Druck macht und eine Entscheidung erzwingt.

Gruß BarCode

in Canada. Die Panik hat sich gelegt und es wird wieder eingekauft. Immo 27% plus in Toronto.

Gruß BarCode

dann alles Gute.

Gruß BarCode

Happy birthday + Grüße, ZN

an meine air can. kameraden.

gestern waren schöne einstiegskurse, heute gehts schon wieder ab. nachgekauft hab ich noch nicht, wart erst mal die entwicklung ab und schlag dann noch mal zu.


gruss


310367a

1,4mil shares sind über den tisch gewandert bis jetzt.37% plus. wehe wenn einer hier was schlechtes denkt.

die weichen zocker rausgeschmissen. aber bei dem umsatz , dass sind nicht nur zocker. da haben sich schon einige grosse mal die erste pos. vorsichtig aufgebaut.

auf solche szenarien warten die. bekräftigt meine prognose noch mehr, der heutige kräftige anstieg auf die panik von gestern.

vielleicht wissen einige schon mehr, vielleicht hat sich die gewerkschaft selber schon mal 100.000st. ins depot gelegt."ggg"

ja,ja , die welt ist schlecht.


gruss


310367a

said Robert Milton, President and Chief Executive Officer. "Today's
announcement represents a very significant step in ensuring Air Canada emerges
from CCAA a stronger airline thereby securing jobs for their membership. I
would urge all Air Canada's unions to put an end to the uncertainty facing our
employees by negotiating similar agreements to facilitate the changes to Air
Canada's pension program design," said Mr. Milton.
   "The restructuring process has been very difficult for our members but
throughout the process I have been committed to empowering the membership to
make their own decisions and that is what this agreement is about," said Jean
Jallet, National President and Directing General Chairperson, District Lodge
140 of the IAMAW.
   "This agreement provides all our members with the right to choose the
pension program that's best for them according to their personal
circumstances. There are no losers. I believe our members will view this as
the best option to ultimately secure their employment by ensuring Air Canada
emerges from CCAA with the support of a strong investor.
   "To demonstrate our commitment to the successful restructuring of Air
Canada, we will revalidate the Memorandum of Agreement on High Performance
Work Organization (HPWO) so that when we emerge from CCAA the membership of
the IAMAW will be active participants in a joint initiative of building from
the best practices of the two great airlines that now constitute Air Canada,"
said Mr. Jallet.
   A change in pension plan design allowing a phased transition to a DC plan
is one of the conditions precedent to Trinity Time Investment's agreement to
invest $650 million equity in a restructured Air Canada."

micro.newswire.ca/....cgi?rkey=1203316345&view=13213-0&Start=0

Gruß BarCode

Die aktuellen Beschäftigen dürfen "wählen", die neuen werden sofort in flexiblere Pensionspläne reingeschickt. War als doch Poker.

Die Wahl wird so aussehen: "Also Mr. soundso, leider können wir es uns nicht mehr leisten, Sie weiterzubeschäftigen, Sie wissen schon, Ihre Pension... Aber sollten sie sich doch für den DC plan entscheiden..."

Aber alle haben das Gesicht gewahrt.

Gruß BarCode

"This agreement provides all our members with the right to choose the pension program that's best for them according to their personal circumstances," said Jean Jallet, union president at district lodge 140.

Air Canada spokeswoman Laura Cooke said in the past, contracts between the airline and the Machinists union were negotiated with the district lodge.

"The May 2003 restructuring negotiations were conducted by Mr. Jallet and he also signed that agreement as well," Cooke said.

The pension deal appeared at first to shatter a united front the airline's unions had presented in opposing making any changes to their pension plans.

If the Machinists ended up breaking ranks, it would have ratcheted up the pressure on Air Canada's other unions to strike similar deals. The other unions have maintained that they've already agreed to give up more than $1 billion annually in concessions in return for protection of their pension plans.

Don Johnson, head of Air Canada Pilots Association, said Wednesday that his union's opposition to pension changes has not changed, but as always it would be willing to talk about it with the airline.

"We have a standing policy that if our company calls us and says we need to talk we go and we talk," Johnson said.

Gary Fane of the Canadian Auto Workers, which represents customer service staff at Air Canada, also said he's willing to listen, but he didn't know what the company would say.

"If they're saying to me exactly what they've been saying to me in the past, 'Just give it to us,' it will be difficult to imagine the union would do something like that," Fane said of the deal with the Machinists.

The agreement announced by the Machinists lodge - representing 11,500 technical operations, ground service, clerical and financial personnel - was similar to one that Trinity Time Investments, the proposed new controlling shareholder in Air Canada (TSX:AC), presented to non-union employees.

It is a compromise from an earlier proposal by Trinity that would have forced new and younger employees into a defined-contribution plan, while older employees and retirees would have remained on the defined-benefit plan.

Under the agreement with non-union workers, current employees who opt for the defined-contribution plan will receive a bonus of 10 per cent of their base annual salary. New employees will receive a defined-contribution plan.

Headed by Hong Kong businessman Victor Li, Trinity is reviewing its proposed $650-million investment in Air Canada and has threatened to walk away if the pension changes were not made.

Defined-contribution pensions are easier for a company to budget for, because if a defined-benefit plan's investments decline in value, the employer must make up the difference to pay predetermined benefits.

The agreement comes as the airline's board of directors reviews the airline's updated business plan and 2003 financial statements in which Air Canada is expected to report a massive loss.

Under its current agreement with Trinity and GE Capital Aviation Services, which is to provide $1.5 billion US in financing and restructure leases on 108 aircraft, Air Canada must emerge from creditor protection by the end of April.

The court overseeing Air Canada's restructuring extended the airline's creditor protection earlier this week to April 15, by which time Trinity is expected to decide whether to proceed with its investment and on what terms."

money.canoe.ca/News/2004/01/08/307981-cp.html

Da scheint es einen Konflikt zwischen der lokalen Gewerkschaftsvertretung und der Zentrale zu geben. Die Lokalen sind natürlich näher dran und kriegen wahrscheinlich Zunder von ihren Mitgliedern. Die Zentrale sitzt schön weit weg und reitet noch ein bisschen Prinzipien. Irge4ndwie ist Canada gar nicht so weit weg, oder? Kommt einem doch bekannt vor!

Gruß BarCode

"Maybe it's because I said I would run against him in the next elections," he said.


The machinists union was the first to agree to the pension overhaul demanded by Air Canada's new equity investor, Hong Kong businessman Victor Li.


Eight other unions, representing around two-thirds of the airline's workforce, still reject Li's revamped pension plan, even though Li has warned he would abandon his C$650 million ($500 million) investment if pensions are not changed.


"There is no discussion on the subject," a spokesman for the powerful Air Canada Pilots Association said on Wednesday.


"Right now, our position has not changed," said Pamela Sachs, head of the flight attendants union.


The unions argue they have already agreed to C$1.1 billion in labor cost concessions in exchange for a guarantee that their pensions would remain intact.


Li stands to get 31 percent of the airline once the restructuring is over, but he wants to reduce its risks and costs by shifting the pension plans to a defined contribution structure instead of a defined benefits structure.

 



Air Canada's C$8.5 billion pension plans have a deficit of C$1.2 billion. The airline is trying to convince regulators to let it spread its reimbursement over a 10-year period, twice the length required by law.

On Monday, the world's 11th largest airline won an extension of its bankruptcy protection until April 15 so it can try to break the impasse on the pension issues.

Further delays in the restructuring are also threatening C$1.8 billion in loans and aircraft financing deals the carrier has with General Electric Capital Corp. .

Air Canada stock gained 22 Canadian cents, or 20 percent, to C$1.32 on the Toronto Stock Exchange on Wednesday, even though the airline has said the stock will be worthless once it emerges from court protection with a new equity structure."

news.yahoo.com/news?tmpl=story&u=/nm/...lines_aircanada_col_23

Gruß BarCode

die gewerkschaft sollte der grundsatz gelten.

die hand , die einen füttert, beisst man nicht. ich hoffe das die dieses spruchwort auch kennen.


gruss


310367a

schade warte schon immer auf treads usw.... von air canada habe aber immer nur unter börse geschaut.Finde gut jetzt etwas gefunden zu haben war letztes Jahr in Canada beim Lachs fischen und bin nur mit Air Canada geflogen.Dort drüben gibt es nicht viele andere Ailines und ich halte seit meinem Urlaub 5000St.Was sollen die mit den ganzen Fliegern machen ???? oder sie kauft sie ein anderer ein.Wäre aber schade dafür weil die Leute und Personal einfach suuuuper waeren.Hoffe es geht weiter den Air canada finde ich persönlich ToPPPPP.Gruß Bayer

mir bleibe aber bei meiner Meinung wo sollen die ganzen Flieger hin,und eine Regierung haben sie auch noch !!!!.Gruß bayer

Air Canada and Jallet and issued a press release that outlined a tentative agreement in which mechanics, bag handlers and clerical staff represented by the machinist's union would get bonuses if they switched pension plans. In the statement, the airline said current employees can choose to remain in a plan that guarantees benefits or switch to one whose payout is based on investment performance.

Sean Dewart, a lawyer for the union representing about 6,000 reservation agents, said attorneys for the other labor groups and Air Canada are scheduled to meet with Ontario Superior Court Justice James Farley, who's overseeing the Air Canada reorganization, at 9:30 a.m. Toronto time today. "



Gruß BarCode

Es gibt da ein Forum der Beschäftigten der can. Luftfahrt (www.aeforum.com). Dort herrscht rege Diskussion über den Deal. Sie sagen, das Abkommen sei ganz in Ihrem Sinne und sind sauer auf den Boss in der Zentrale. Der hat ein Verfahren angestrengt gegen AC bei einer Schiedsstelle (CIRB). Die Mitglieder der Gewerkschaft schreiben an die Schiedsstelle, sie soll den Boss der Gewerkschaft abblitzen lassen. Hier einer der offenen Briefe im Wortlaut (die Gewerkschaft heißt IAMAW):

"Canadian Industrial Relations Board
Dear Sir
I am requesting your intervention in the matter of the District Local 140 of the IAMAW versus the national president of the same union as I believe that the president of said union is in breach of section 37 of the Canada Labour Act. The members of the district local have told their union that they want a vote on the pension issue at Air Canada and the president of the union is interfering in our collective and democratic right to have such a vote. Please intervene so that this vote will take place."

D.h. es gab eine Abstimmung unter den CA-Beschäftigten IAMAW-Mitgliedern und sie waren für den Deal, den dann der lokale Gewerkschaftsvertreter auch abgeschlossen hat.

Gruß BarCode

- Gewerkschaftszentrale hat lokale Gewerkschaftsunterabteilung total entmachtet und unter ihr Kuratel gestellt.

- Daraufhin hat Li sein exclusives Engagement aufgekündigt und zieht seine 650 Mio. vorerst zurück. Lässt aber noch Hintertür offen, falls Gewerkschaft noch einlenkt, stellt Air Canada frei, neuen Investor zu suchen.

Sämtliche News hier:

news.search.yahoo.com/search/news/?p=air+canada&adv=1&n=10

Also ich hab den Eindruck, die Gewerkschaftszentrale hat was gegen Li und ist mit anderen Bietern, die ausgebootet waren, im Geschäft.
Die Mitglieder der Gewerkschaft sind stinksauer, denn sie hatten für den Deal gestimmt.

Das gibt noch eine spannende nächste Woche. Allerdings bin ich froh, dass ich nicht zugekauft hab. Hatte es überlegt, als der Kurs so tief stand.

Gruß BarCode

$400 million. This allowance had no impact on Air Canada's cash position or
operating results.
   As at December 31, 2003, the Corporation's cash and cash equivalents
amounted to $670 million. At December 31, 2003, CDN$840 million was available
from the US$700 million debtor-in-possession (DIP) financing facility from GE
Canada Finance Holding Company. In January 2004, CDN$300 million of funds were
drawn from this facility.
   As at April 1, 2004, the Corporation's combined cash balance, measured on
the basis of cash in its Canadian and United States bank accounts, amounted to
an estimated $910 million remaining before taking into account the amounts
available under the DIP facility.
   "Our restructuring has become more challenging as a result of record high
fuel prices, increased domestic capacity by our low cost competitors and the
geopolitical issues faced by the airline industry as a whole", said Robert
Milton, President and Chief Executive Officer. "However, our 2004 revenues are
tracking in line with what we projected in our business plan last October.
Furthermore, we are seeing year over year unit cost declines in the range
of 14%. Our cash balances are healthy. We have made major progress on most key
aspects of our restructuring, including a significant fleet, debt and lease
restructuring, major reductions in supplier arrangements and changes to our
fare structures and distribution channels. We are well positioned to carry on
business effectively while seeking alternative equity arrangements in light of
today's announcement by Trinity Time Investment Limited that it is not seeking
extension of its Investment Agreement beyond April 30, 2004. We trust that our
unions and other stakeholders will recognize the urgency of resolving the
remaining obstacles to our exit from CCAA, particularly since the arrangements
with GECAS and Deutsche Bank also expire at the end of April, unless extended
by agreement.
   "The past year has been particularly difficult for Air Canada's
employees. I thank them for their hard work and dedication in taking care of
our customers whose continued support has been heartening. It remains business
as usual for our customers as it has throughout our restructuring," concluded
Mr. Milton.
   Air Canada's 2003 Management's Discussion & Analysis and Audited
Consolidated Financial Statements & Notes will be available on Air Canada's
website www.aircanada.com and will also be available at SEDAR.com . A copy may
also be obtained on request by contacting Air Canada Shareholder Relations at
(514) 422-5787 or 1-800-282-7427.


Gruß BarCode

Es sieht für mich wirklich so aus, als hätten die Gewerkschaften da mit den Verlierern im Biet-Verfahren gekungelt. Hatte diese Gerüchte schon vor ein paar Wochen mal gelesen. Die scheinen an Lis Engagement nicht interessiert.

Alle news über den Link von Posting obern:

news.search.yahoo.com/search/news/?p=air+canada&adv=1&n=10

Denke mal, das wird heute nochmal zu Kursen unter 30 Canada-cent führen.


Gruß BarCode

Also wenn man den folgenden Artikel liest, kriegt man einen guten Eindruck, was da hinter den Kulissen vor sich geht:

cfcn.theglobeandmail.com/servlet/...M.20040405.wxaircanada0405

Wenn man das noch kombiniert mit der Tatsache, dass in dem Deal mit Trinity offensichtlich eine Klausel drin war, die die aktuellen Aktienbesitzer benachteiligt, dann könnte man auch auf die Idee kommen, dass da im Hintergrund von den Aktienbesitzern (auch Gewerkschaft?) hart gearbeitet wird, den Trinity-Deal zu torpedieren. Das schließe ich aus dem Satz in der Meldung in Posting 55:

"Air Canada stock gained 22 Canadian cents, or 20 percent, to C$1.32 on the Toronto Stock Exchange on Wednesday, even though the airline has said the stock will be worthless once it emerges from court protection with a new equity structure."

Insofern könnte der Kurs heute sogar auch steigen, falls durch den Ausstieg von Li
eine "shareholder-value"-Lösung winkt. Dafür spricht, dass der ausstieg von Li schon am Freitag während der Börsenzeit bekannt wurde und der Kurs sogar anzog.

Da könnte man fast über spekulativen Nachkauf nachdenken!

Gruß BarCode

Jetzt wollen Pension Fonds einsteigen anstelle von Li.

news.yahoo.com/news?tmpl=story&u=/nm/..._aircanada_funds_col_1

Gruß BarCode

und bestätigt, dass die Regierung über den Verkehrsminister mitmischt. Also die lassen den Laden auf keinen Fall untergehen.

"Prime minister urges Air Canada and its stakeholders to work to find deal
Mon Apr 5,11:41 AM ET  


TORONTO (CP) - Prime Minister Paul Martin has urged Air Canada, its unions and other stakeholders to work together in its restructuring, following a declaration by the airline's proposed new investor that he is set to walk away with his cash.


"You know, it's very, very important that all of the parties redouble our efforts to find a settlement," Martin said Monday at a stop in Orillia, Ont. "I think we all want to see a resolution to this and (Transport Minister) Tony Valeri is very actively involved."


Air Canada is looking for a new investor after Victor Li's Trinity Time Investments said late Friday it is prepared to withdraw its planned $650-million investment in the airline.


The deal fell apart after Air Canada unions refused to agree to restructure their pension plans.


In announcing it would not extend its proposal, Trinity also released Air Canada from the exclusivity obligations of the investment deal - thus allowing the airline to seek out another investor willing to fill the void.


Reports have suggested that some of Canada's largest pension funds are looking into a possible investment in Air Canada and have held preliminary talks with the airline.


Others that may be interested include Cerberus Capital Management, the New York investment firm whose bid lost out to Trinity, and conglomerate Onex, which made a hostile bid for the airline in 1999.


Air Canada has been operating under creditor protection since April 1 last year."

Gruß BarCode

die aktie sehe ich bis ende des jahres bei über 1,0€..

Air Canada sieht sich trotz zunehmender Konkurrenz im Plan

MONTREAL (Dow Jones-VWD)--Die Air Canada, Montreal, sieht sich trotz zunehmender Konkurrenz im Billigflugsegment auf der Einnahmenseite im Plan. Die Umsätze entwickelten sich wie im vergangenen Oktober geplant, erklärte CEO und President Robert Milton, bei Vorlage der Bilanz 2003 am Wochenende. Allerdings stehe die Restrukturierung der unter Gläubigerschutz arbeitenden Fluggesellschaft angesichts eines Kerosinpreises auf Rekordniveau vor neuen Herausforderungen. Als Folge der Kostensenkungen sei 2004 aber mit einem verbesserten operativen Ergebnis zu rechnen, heißt es im Geschäftsbericht des Unternehmens für das abgelaufene Jahr.

2003 beendete Air Canada mit einem auf 684 (192) Mio CAD erhöhten operativen Verlust, in dem die Kosten für Reorganisation und Restrukturierung des Unternehmens nicht enthalten sind. Im vierten Quartal fiel das operative Ergebnis mit -77 (-262) Mio CAD bei rückläufigen Umsätzen allerdings besser aus als im Vorjahreszeitraum. Unter dem Strich schlugen für 2003 insgesamt 1,05 Mrd CAD an Restrukturierungskosten zu Buche, überwiegend allerdings unbarer Natur. Der Nettoverlust kletterte damit auf 1,867 (0,828) Mrd CAD.

Im Laufe des Jahres will die Fluggesellschaft den seit 1. April bestehenden Gläubigerschutz wieder verlassen. Die Kapazitäten dürften im laufenden Jahr moderat steigen, die Umsätze aus dem Passagiergeschäft sollten steigen, hieß es weiter. Den Kassenbestand zu Monatsbeginn bezifferte Air Canada mit 910 Mio CAD.
Dow Jones Newswires/12/5.4.2004/rio/nas

05.04.2004, 05.04

www.vwd.de/vwd/news.htm?id=22431976



wenn Air Canada kontinuierlich so weiter macht bzw. die Verhandlungen mit den Gewerkschaften positiv verlaufen, sehe ich hier auch sehr gute Chancen.
Kursziel bis Ende des Jahres auf 1€ finde ich auch realistisch.



greetz bammie

hier die finger mit im spiel haben, dann wird es zeit zum kaufen und sich von LI zu verabschieden.wenn man 1 und 1 zusammen zählen kann , dann wird man die absicht , die dahintersteckt, erkennen.

wurde auch schon einige male erwähnt hier im board. kz jahressicht  1€-up.

gruss


310367a

Gewerkschaften freuen sich! Hoffen, dass jetzt einer kommt, der sie besser behandelt. Wenn sie sich da mal nicht irren. Glaube nicht, dass nach den Verlust-Zahlen noch irgendeiner Geld da reinwirft, ohne wesentlich mehr Abstriche von den Beschäftigten zu verlangen, als bisher!

News hier:
news.yahoo.com/news?tmpl=story&u=/nm/...nes_airrovinescu_col_2

Gruß BarCode

da läuft im hintergrund schon was , sonst würden die das niemals so schnell und ohne kompromisse gemacht haben.

der staat canada hat schon erklärt , dass sie es nicht zulassen würden ihre fluglinie untergehen zu lassen. die wissen schon was oder wie oder wer da kommt, da bin ich mir sicher.

haben ja auch genug arbeitslose in can. , so fliegen da die jobs auch nicht mehr rum wie früher.


gruss


310367a

Außerdem wollen sie von den Gewerkschaften weitere Zugeständnisse:

"Air Canada is seeking another $200 million in concessions from its unions in its revised business plan, the Canadian Auto Workers said Thursday.
"They're looking for that because they believe the only place where there is any room left to squeeze any more juice out of is the labour groups," union spokeswoman Sari Sairanen told The Canadian Press after a two-hour meeting reviewing the plan with the airline.
"We gave last year when we negotiated in May 2003, we're not giving any more. We're not unwilling to sit down with the company and look at creative ways of helping them out, but in terms of any more from our collective agreement, we gave last year."

Gruß BarCode

UPDATE - Air Canada to raise rights offering to C$850 mln
Monday April 26, 8:32 pm ET


(Adds details, background)
VANCOUVER, British Columbia, April 26 (Reuters) - Air Canada (Toronto:AC.TO - News) struck a deal with Deutsche Bank AG (XETRA:DBKGN.DE - News) to increase its rights offering to creditors on Monday, a move the insolvent airline said will aid its efforts to lure a new equity partner.

The offering has been increased to C$850 million ($630 million) from C$450 million. The latest figure is C$150 million more than the airline had sought last year when it began the process, Air Canada said in a release.

The deal, which needs court approval and is contingent on additional cost concessions from Air Canada's unions, would reduce the amount it must raise from an outside partner to C$250 million from C$650 million by providing more equity to bond holders.

"Air Canada's restructuring regains its momentum today with a vote of confidence in our restructuring business plan from a major global financial institution," Chief Executive Robert Milton said.

Canada's dominant airline obtained court protection from creditors on April 1, 2003, but said on Monday under this plan it could emerge as a reorganized airline by the end of September.

Under the agreement, the offering to creditors will be expanded to C$850 million at the same pre-investment valuation of Air Canada as had been provided in its agreement with Hong Kong magnate Victor Li and his company Trinity Time Investments.

Li earlier this month pulled out of a C$650 million equity deal to rescue Air Canada, forcing the world's 11th largest airline to seek a new partner and casting doubts about whether it can stay aloft.

Trinity Time Investments, Li's personal company, walked away from taking a 31 percent stake in the airline because of Air Canada's unexpectedly large losses and the unions' opposition to cuts in pension plans.

Air Canada said on Monday its new agreement with Deutsche Bank requires that it make C$200 million more in labor cost cuts, but the airline had dropped calls for changes in the pension plan that had drawn union ire. ($1=$1.35 Canadian)

Der Antrag ist auf 850 Million ($630 Million) von 450 Million erhöht worden. Die neueste Abbildung ist 150 Million mehr, als die Fluglinie letztes Jahr, als sie den Prozeß anfing, Air Canada gesucht hatte, die in einer Freigabe gesagt wurde. Das Abkommen, das Gerichtzustimmung benötigt und auf zusätzlichen Kostenzugeständnissen von den Anschlüßen der Luft Canada's abhängig ist, würde die Menge verringern, die sie von einem äußeren Partner anheben muß zu 250 Million von 650 Million, indem sie mehr Billigkeit zu den Wertpapierinhabern zur Verfügung stellen. "Air Canada's Umstrukturierenwiedergewinnungen sein Momentum heute mit einer Stimme des Vertrauens in unserem Umstrukturierenunternehmensplan von einem globalen hauptsächlichgeldinstitut, " Hauptgeschäftsführer Robert Milton gesagt. Canada's dominierende Fluglinie erreichte Gerichtschutz vor Gläubigern an April 1, 2003, aber sagte am Montag unter diesem Plan, den er als reorganisierte Fluglinie Ende Septembers auftauchen könnte. Unter der Vereinbarung wird der Antrag Gläubigern zu 850 Million an der gleichen Vorinvestitionschätzung von Air Canada erweitert, die in seiner Vereinbarung mit Hong-Kong Magnat Victor-Li und seinen Firma Dreiheit-Zeit-Investitionen versehen worden war. Li früh, das dieser Monat von einem Billigkeit 650 Million Abkommen auszog, um Air Canada zu retten, die world's 11. größte Fluglinie zwingend, einen neuen Partner ungefähr zu suchen und werfen Zweifel, ob sie oben bleiben kann. Dreiheit-Zeit-Investitionen, Li's persönliche Firma, gingen weg von eine 31-Prozent-Stange in der Fluglinie wegen der großen Verluste der Luft Canada's und des unions' unerwartet nehmen; Opposition zu schneidet Rentenversicherungen ein. Air Canada, die am Montag seine neue Vereinbarung mit Deutsche Bank gesagt wird, benötigt, daß sie 200 Million mehr in den Arbeitskostenschnitten bildet, aber die Fluglinie hatte Anrufe für Änderungen in der Rentenversicherung fallengelassen, die Anschluß ire gezeichnet hatte.

Schön, nur: So wie das aussieht, werden dafür neue Aktien ausgegeben, und wenn mich nicht alles täuscht, werden die alten dann wertlos. Das heißt, die Firma wird an die Deutsche Bank und die Gläubiger gehen - Altaktionäre werden dann in die Röhre gucken. Jetzt wird es interessant, dass es hier 2 Arten von Aktien auf dem Markt gibt. In D sind ja nur die mit dem Zusatz "Nonvtg." zu haben. Weiß jemand, was das bedeutet?
Dasselbe Problem war glaube ich auch schon mit dem Trinity-Deal. Auch da sollten Altaktionäre leer ausgehen. Hab ich jedenfalls mal gelesen. Und ich vermute mal, dass eine Reihe der Beteiligten Gewerkschaften auch share-holder sind und deshalb Trinity zum Teufel gewünscht haben.
Jedenfalls entnehme ich den Meldungen, dass sie schon wieder mucken, weil sie an dem DB-Deal wieder nicht maßgeblich beteiligt wurden. ("Some of Air Canada's unions were also pushing for a larger role in deciding how Air Canada would replace Mr. Li. They may complain that the deal with Deutsche Bank was reached without their involvement.")
Bin mal gespannt, wie es weitergeht.

Heute sollte jedenfalls ein Kurssprung drin sein, da die Meldung erst gestern nach Börsenschluss rauskam.
Ich überlege grade, ob ich zum Traden ein paar nachkaufe.

Gruß BarCode
 

"Nonvtg" sind (Vorzugs)aktien ohne Stimmrecht (Nonvtg = Non Voting)

Die Frage ist natürlich, welche Rolle das bei den ausgehandelten Deals am Ende spielt. Ein gewisses Risiko, dass man als Kleinaktionär ausgebootet wird besteht jedenfalls in der ganzen Geschichte.

Gruß BarCode

Habe noch ein Meinungsbild der Regierung. Sieht leider nicht mehr so super aus wie vor ein paar Wochen.

Cabinet fault lines appear over Air Canada

OTTAWA -- The federal cabinet is showing signs of a regional split over what to do about troubled Air Canada, increasing the chances that the insolvent airline's problems will cause political turbulence for Paul Martin's government.

Government sources say two camps have emerged within cabinet over how -- or whether -- to respond to the airline's formidable problems, which led to a feisty discussion last week during a cabinet subcommittee meeting.

"This thing has a chance to become huge," said a government source. "There's no way these two groups are ever going to agree on this."

den vollen Artikel gibt es unter: www.globetechnology.com/servlet/...7/RAIRLINE27/TPTechInvestor

Habe doch nicht getradet. Schade, da waren sicher ein paar % drin. Da sich die Sache doch eher undurchsichtig gestaltet, spiele ich mit dem Gedanken, wenn es jetzt ein ordentliches plus gibt, auszusteigen. Allerding ist mein Durchschnitts-ek erst bei 0,25 erreicht. Über 0,30 sollte es schon sein.

Gruß BarCode

"It will facilitate the search for a new investor," said Captain Jean-Marc Belanger, spokesman for Air Canada Pilots Association.

UNIONS OPPOSE CUTBACKS

The agreement with Deutsche Bank is conditional on cost cut demands already meeting union resistance.

Air Canada says it is C$200 million short of the labor cost reductions of C$1.1 billion its 35,000 employees agreed to last year.

The pilots' union, the most influential Air Canada employee group but also the most affected by cutbacks, feels they have already done enough.

"We are not convinced yet that we haven't met our commitments," Belanger said, adding the union is still willing to talk with airline management.

Unions officials for the flight attendants, baggage handlers and mechanics voiced similar views, but the head of the reservation and ticket clerks unions categorically refused any more concessions.

"We delivered exactly what we were asked for and we won't be delivering any more," said Gary Fane, head of the transport section of the Canadian Auto Workers.

Air Canada stock continued to defy investment logic and rallied 9 percent on Tuesday to close up 10 Canadian cents at C$1.22 on the Toronto Stock Exchange (News - Websites) .

"What part of the story do people not understand?" said Harry Koza, senior market analyst at Thomson IFR.

"The bondholders and Deutsche Bank are going to end up with 99.99 percent of the stock in the newly restructured company. The old stock is worthless, but it trades like crazy. It doesn't make sense to me," he said.

Air Canada bonds rose 2 cents to about 32 cents on the dollar on news of the Deutsche Bank agreement, traders said.

"I think the market is still reserving judgment on this agreement," Koza said.

kann natürlich sein, dass da noch ein bisschen rumgezockt wird. Aber so wie es aussieht sind die Teile über kurz oder lang wertlos. Bei 0,22 ist mein Verlust mit o,o3 Cent noch ziemlich moderat. Werde das noch ein paar Tage beobachten, womöglich aber zu geeignetem Zeitpunkt raus.
Es gibt schließlich Alternativen. Der Reiz wäre ja gewesen, dass man an einem Ende des Insolvenzverfahrens partizipiert. Das wird immer unwahrscheinlicher. Die Kleinaktionäre dürften leer ausgehen.

Gruß BarCode

Da hab ich doch sehr viel weiter oben gelesen, dass sich das Schicksal der Fluglinie bis zum 12.5. entscheiden soll. Gestern stand dei Aktie bei 0,18 und heut ist sie leicht gestiegen.
Weiß jemand mehr - sollte man jetzt noch rasch raus oder ist das Verstreichen des 12.5.04 ein gutes Zeichen?

Danke für die Antwort!

LG

tom

Bin aber inzwischen raus, da den Altaktionären Totalverlust droht.
Alle news hier:

news.search.yahoo.com/search/news/?p=air+canada&adv=1&n=10

Gruß BarCode

Freitag 21. Mai 2004, 08:19 Uhr
Angeschlagene Air Canada mit Gewerkschaften einig

Toronto (AFP) - Die vom Konkurs bedrohte Fluggesellschaft Air Canada hat sich mit Gewerkschaftsvertretern auf einen Plan zur Kostensenkung geeinigt und so den Weg für die erhoffte Finanzspritze durch die Deutsche Bank freigemacht.

Bei einem Krisengespräch in kleiner Runde hätten Air-Canada-Chef Robert Milton und der Chef der Automobilgewerkschaft CAW, Buzz Hargrove, eine Einigung erzielt, sagten Vertreter beider Seiten der Nachrichtenagentur AFP in Toronto. Details wurden zunächst nicht bekannt. Die CAW war die letzte der neun Arbeitnehmervertretungen bei Air Canada, die sich noch der von der Deutschen Bank geforderten weiteren Kostensenkungen verweigert hatte.

Die Einigung gelang wenige Stunden vor einem wichtigen Gerichtstermin; dabei sollte der zuständige Richter entscheiden, ob der Gläubigerschutz für Air Canada verlängert wird oder ob die zehntgrößte Fluggesellschaft der Erde unter Konkursverwaltung gestellt wird.

Air Canada befindet sich seit April vergangenen Jahres unter Gläubigerschutz. Die Deutsche Bank hatte im vergangenen Monat erklärt, bei der Ausgabe neuer Aktien einen Betrag von 850 Millionen kanadischen Dollar (511 Millionen Euro) zu garantieren. Im Gegenzug muss die Fluglinie weitere Kosteneinsparungen von jährlich 200 Millionen kanadischen Dollar durchsetzen.

Nach dem Deal mit der DB ist - soweit mir bekannt - die Ausgabe neuer Aktien geplant. Demnach werden die Altaktien möglicherweise völlig wertlos. Also Vorsicht!
Was ich nicht weiß: gilt dies nur für die Aktien mit Stimmrecht, die in D gar nicht gehandelt werden, oder auch für die Aktien mit dem Kürzel "nonvtg". Wäre interessant, das rauszukriegen.

Gruß BarCode

Er hoffe, dass nun die Zeiten von „Blut, Schweiß und Tränen“ vorbei sind, sagte der Richter kanadischen Medien zufolge. Ein Sprecher der Deutschen Bank in New York zeigte sich nach der Einigung zwischen Gewerkschaften und Air Canada „äußerst zufrieden“. Man werde nun daran arbeiten, die Vereinbarung mit Air Canada unter Dach und Fach zu bringen und der Fluglinie zu helfen, die Zahlungsunfähigkeit hinter sich zu lassen, sagte Deutsche-Bank-Sprecher Ted Meyer dem Handelsblatt. In den kommenden Tagen wird die Airline die Haupt-Kreditgeber, neben der Deutschen Bank ist dies GE Capital Aviation Services (GECAS), über die Vereinbarungen mit den Gewerkschaften informieren.

Die „Neuordnung“ der Arbeitskosten und Änderungen bei Leasing- und Zuliefererverträgen reduzieren nach Angaben von Air Canada-Präsident Robert Milton die operativen Kosten um annähernd 2 Mrd. kan. $ (1,2 Mrd. Euro). GECAS finanziert mit rund 1,8 Mrd. kan. $ den Restrukturierungsprozess sowie das Leasing und den Kauf von Flugzeugen.

Parallel zur Expansion als Regionalflieger baut Milton die interkontinentalen Verbindungen kräftig aus, vor allem nach Asien und Südamerika. Die transpazifische Route über Vancouver nach Asien ist um Stunden kürzer als von fast allen Flughäfen an der US-Pazifikküste. Auf diesen Routen will sich Air Canada als Top-Marke für Geschäftsreisende etablieren. „Vor allem Geschäftsleute aus Asien, die nach Südamerika wollen, fliegen jetzt über Kanada – wegen der neuen Visabestimmungen der USA“, berichtet Milton.

Auf dem Weg zum Global Player verlagere sich das Kerngeschäft auf die interkontinentalen Routen. „Aber in beiden Märkten – regional wie international – treten wir als eine Dachmarke auf: ,Air Canada’", betont er - im festen Glauben, die „Marke nicht zu trivialisieren“

.
Den Spagat zwischen regionalem Discountflieger und klassischem Linienflieger mit Anspruch als Top-Marke wertet Martin Köhler, Luftfahrtexperte bei der Boston Consulting Group, als „sehr mutiges und längerfristig visionäres Geschäftsmodell“. Das hätten europäische Fluglinien noch nicht geschafft. Mit der Deutschen Bank im Rücken – sie sprang Ende Mai in die Bresche - glaubt Milton, dass Air Canada im September 2004 den Insolvenzschutz verlassen kann. Claude Proulx, Luftfahrt-Analyst bei der Bank of Montreal Nesbitt Burns, teilt den Optimismus: „Die Untergangs-Schlagzeilen reflektierten nicht die Realität“.


HANDELSBLATT, Dienstag, 08. Juni 2004, 07:51  

verfallen nun die Aktien kann mir keiner eine Auskunft geben

vielleicht verkaufen da nur ein paar ängstliche

kann das mit Pos. 90 zusammenhängen ??

Weißt du etwas genaueres zu deinem Post.90 wg Aktien DB

Habe noch jede Menge werden die Wertlos??

hi falke.
was meinst du wie hoch der kurs wieder steigen wird?

Stephen Feinberg, whose Cerberus takes its name from the mythical three-headed dog guarding the entrance to Hades, likes to hire former chief executives and politicians, including former U.S. vice-president Dan Quayle, to help guide distressed companies in which his firm invests.

Last fall, Cerberus recruited Mulroney to help with its pursuit of a majority stake in Air Canada, but lost out to Asian billionaire Victor Li. The Hong Kong-based financier subsequently dropped his plan to buy an interest in Air Canada.

After serving as Canada's prime minister from 1984 to 1993, Mulroney has carved out a busy niche in private practice.

A senior partner at Montreal law firm Ogilvy Renault, Mulroney has parlayed a network of connections into directorships and advisory positions with a handful of companies.

His directorships include positions at Quebecor Inc., a Montreal-based printing and publishing company; Barrick Gold Corp. of Toronto; New York merchant bank Veronis Suhler Stevenson; and America Online Latin America Inc. He has acted as an adviser to U.S. private equity fund Hicks, Muse, Tate & Furst Inc. on its investments in Europe and Latin America.

Separately, according to a plan of arrangement scheduled to be filed this week, creditors will hold a 45.8 per cent interest in a reorganized Air Canada in exchange for their claims.

Deutsche Bank would get 42 per cent, while Cerberus would have 9.2 per cent. Air Canada chief executive Robert Milton and other top executives would be given stock options for about 3 per cent, and existing shareholders would get a 0.01 per cent share of the company.

Ich hatte es ja befürchtet und jetzt scheint es offiziell: Altaktionäre werden praktisch enteignet durch die Restrukturierung: für 11,894 alte Aktien erhält man 1 neue. Wie das insgesamt für die bei uns gehandelten "nvtg"-Aktien, die ja weniger Wert sind als die "vtg"-Aktien, geregelt wird. kann ich nicht sagen. Aber jetzt wird sich da sicher nichts mehr positiv entwickeln für die Kleinanleger. Hier die Meldung:

 

Air Canada shares plummet on belated realization of their negligible value

Tue Jul 20, 4:51 PM ET

CRAIG WONG

TORONTO (CP) - Shares of Air Canada plunged more than 30 per cent Tuesday as investors finally took to heart management's often repeated message that the airline's common shares will be "virtually worthless" after it completes its restructuring.

Air Canada stock (TSX:AC - news) fell 35 cents to 70 cents on the Toronto stock market as more than 16 million shares traded hands. Holders of Air Canada's current shares will receive one share of the restructured airline for every 11,894 current shares. Once the restructuring is completed, holders of the current shares will hold a total of 0.01 per cent of the new Air Canada.

"I think I'll buy one just to frame and put on my wall," said McGill University professor Karl Moore, who has closely followed the airline's restructuring.

"It's a bit of a mystery why they have a value on the marketplace, but it's something where hope springs eternal and they were looking for a miracle that didn't make a lot of sense."

Ganze Meldung: http://news.yahoo.com/news?tmpl=story&u=/...u/air_canada_shares_2

Gruß BarCode

für diejenigen die noch nicht investiert sind, ist es interessant nach der Restrukturierung wieder einzusteigen ?

Mal sehen was die nächsten Tage uns bescheren.

wann soll das sein

Air Canada wird über neues Kapital in Höhe von 1,1 Mrd. $ (660 Mill. Euro) verfügen, um auf der neuen Basis aus dem Gläubigerschutz entlassen zu werden. Die Deutsche Bank sichert in einem Garantieabkommen mit maximal 850 Mill. $ die Ausgabe neuer Aktien („Rights Offering“). Dieses Angebot und das weitere Engagement von GE Capital Aviation Services, die unter anderem Leasingverträge für die Flugzeuge finanzieren, war an die Bedingung geknüpft, dass die Betriebskosten von Air Canada deutlich gesenkt werden.

Zudem will die US-amerikanische Investmentfirma Cerberus ACE Investment für 250 Mill. $ Aktien an Air Canada Enterprises erwerben, der künftigen Holding-Gesellschaft der Fluggesellschaft. Air Canada ist Partner der Deutschen Lufthansa im weltweiten Airline- Verbund Star Alliance.


HANDELSBLATT, Montag, 19. Juli 2004, 11:10 Uhr

Warsaw-based LOT Polish Airlines was founded in 1929. Together with its regional subsidiary EuroLOT, its network covers 48 cities in Europe and beyond, in addition to 12 destinations in Poland. It was recently voted "Best Central and Eastern European Airline" by the readers of British magazine Business Traveller. LOT became a member of Star Alliance in October 2003.

Montréal-based Air Canada provides scheduled and charter air transportation for passengers and cargo to more than 150 destinations on five continents. Canada's flag carrier is the 11th largest commercial airline in the world and serves more than 27 million customers annually. Air Canada is a founding member of Star Alliance providing the world's most comprehensive air transportation network.





Air Canada will not oppose WestJet motion - Will Welcome Explanation of Corporate Espionage by WestJet
Tuesday July 20, 4:40 pm ET


MONTREAL, July 20 /CNW Telbec/ - Air Canada today issued the following statement regarding WestJet's motion for leave to counterclaim against Air Canada:
Air Canada will not oppose a motion on July 22 by WestJet and its former Vice President of Strategic Planning, Mark Hill, for leave to bring counterclaims against Air Canada in the current litigation surrounding the admitted gathering and use by WestJet's management of Air Canada's confidential information.

WestJet's and Mr. Hill's counterclaims are entirely without merit. They are a diversionary tactic designed to deflect attention from WestJet's and Mr. Hill's acts.

Mr. Hill has admitted thus far that he and other management improperly accessed Air Canada's confidential employee website, created software to facilitate and accelerate the gathering of information from the site, and created reports comparing Air Canada's and WestJet's load factors on specific routes, and examined Air Canada's best-performing routes.

Mr. Hill resigned from WestJet last week, several months after being placed on paid leave in the aftermath of it becoming publicly known that he and WestJet had surreptitiously accessed Air Canada's proprietary competitive information.

The Company looks forward to hearing in open court WestJet's explanation for improperly accessing Air Canada's confidential employee website approximately a quarter of a million times over a 12-month period.

Air Canada will vigorously defend itself against the counterclaims and is confident that courts will ultimately decide that WestJet's and Mr. Hill's claims are without merit.

On board, customers enjoy exciting new amenities in both Executive First and Hospitality Service cabins configured to seat 42 and 225 passengers, respectively. Air Canada has significantly enhanced its premium international product, Executive First, with the introduction of lie-flat seats on its new A340-500 service to Hong Kong. Combined with a generous 63 inch pitch, the ultra-luxurious lie-flat seats provide the ultimate experience in restful long haul flying, with adjustable privacy dividers, lumbar support system and personal large screen monitor offering video on demand.

In addition, Air Canada's Hospitality Service customers enjoy, for the first time, individually controlled video on demand with personal monitors at each seat for a state-of-the-art in-flight entertainment experience using a fully digital audio and video system. The Hospitality Service cabin features fully adjustable seats and headrests in a spacious 2x4x2 layout with 33-inch pitch providing more legroom than other carriers.

Air Canada's new daily non-stop flights from Toronto to Hong Kong complement its daily Vancouver-Hong Kong flights by offering customers the choice and flexibility of two daily flights linking both western and eastern Canada with one of Asia's most important business centres and gateway to southeast Asia. With a 0945 departure from Toronto, flight AC015 is timed to offer convenient morning connections to and from points throughout Air Canada's extensive North American network, particularly in eastern Canada and the United States. The early afternoon arrival in Hong Kong at 1315 the next day ensures connecting options for onward travel throughout Asia. The eastbound flight, AC016, leaves Hong Kong at 1515 and arrives in Toronto at 1835 the same day, providing maximum connecting options.

Air Canada offers customers up to 12 non-stop flights per day in each direction between Canada and nine destinations in Asia. From its main hub in Toronto, the carrier operates daily non-stop flights to Hong Kong, Tokyo and Delhi, the only non-stop link between North America and India. From its Pacific Asian gateway in Vancouver, Air Canada serves Hong Kong, Shanghai, Beijing, Tokyo, Osaka, Nagoya and Seoul with daily non-stop flights, as well as Taipei on a codeshare basis.



www.newswire.ca/en/releases/orgDisplay.cgi?okey=58060
www.newswire.ca/en/releases/orgDisplay.cgi?okey=13213

"Their biggest issue was the overall environment -- the competitive environment and the constant seat-sale mode that the industry is going in," said analyst Nadi Tadros of Desjardins Securities.

The Canadian airline industry operates with 17 percent unused capacity compared with about 7 percent in the United States, where airlines are struggling, Tadros said.

In the quarter, WestJet's yield, or revenue per passenger mile, was flat with last year as costs per available seat mile rose 7.2 percent and capacity ballooned by nearly 29 percent.

WestJet, which is now launching service to U.S. destinations, also said on Tuesday it is buying six additional planes as part of plans to expand and modernize its fleet of Boeing (NYSE:BA - News) 737s over the next two years.

Despite the weak yields due to oil prices and a slew of seat sales, WestJet will have added 12 more fuel-efficient jets in 2004, 15 in 2005 and four in 2006. Deposits for the extra aircraft will total $32 million over the next 12 months.

By adding the 737-700, 800 and now smaller 600-series planes, and retiring old 737-200s, WestJet's capacity will jump by 30 percent, Beddoe said.

"The cost savings and efficiencies that this will bring through interchangeability of crews, parts, engines and training will be significant," he said.

It also puts to rest any talk of WestJet buying regional jets from makers like Bombardier Inc. (Toronto:BBDb.TO - News) and Embraer SA (Sao Paolo:EMBR3.SA - News) for at least two years.

Meanwhile, Beddoe apologized to shareholders and employees for a corporate espionage scandal that prompted Air Canada to file a C$220 million lawsuit and clouded WestJet's prospects.

Air Canada sued WestJet and two of its employees, claiming they used an internal Air Canada Web site thousands of times in 2003 and 2004 to check seat availability on various routes.

Beddoe said he was unaware of former WestJet vice-president Mark Hill's actions. Hill, a WestJet co-founder, resigned this month because of the controversy.

(Additional reporting by Rajiv Sekhri)

($1=$1.33 Canadian)





Reuters
WestJet CEO Sorry for Exec's Behavior
Tuesday August 3, 5:48 pm ET
By Jeffrey Jones


CALGARY, Alberta (Reuters) - WestJet Airlines Ltd.'s (Toronto:WJA.TO - News) chief executive apologized on Tuesday for a former executive's use of Air Canada's proprietary Internet data, the subject of a C$220 million ($167 million) lawsuit clouding WestJet's prospects.
However, one industry analyst said chief executive Clive Beddoe's public apology did not necessarily mean that an out-of-court settlement with Air Canada (Toronto:AC.TO - News) to end the ugly episode was imminent.

In a conference call with analysts to discuss a drop in second-quarter profit, a contrite Beddoe said he and WestJet's board did not condone logging on to an Air Canada Web site to access information on the profitability of its flights.

Air Canada's suit alleges Mark Hill, who resigned last month as WestJet's vice-president of strategic planning, and two of his staff used an internal Air Canada site nearly a quarter of a million times in 2003 and 2004 to check seat availability on routes.

The information would have helped WestJet plan its own routes. Air Canada seeks C$220 million in damages, having raised the amount from C$5 million in July.

"Clearly, I have to take responsibility for this event as I should have known what Mark Hill was doing, and no individual, including myself, should have the latitude to act irresponsibly," Beddoe said.

"Neither I, nor our executive, or our board, condone this sort of activity and consider it to be wholly inappropriate."

He said his airline has set up a whistle-blower policy to help prevent future misdeeds.

But WestJet expects "no material liability" as a result of the suit, he said. Beddoe declined to comment further, citing the litigation before the courts.

"This all tells me that they are taking this very seriously. Air Canada clearly has upped the stakes," independent industry analyst Rick Erickson said.

"Hand-in-hand with poor operational performance, this is why the stock's doing nothing, and that is bad news for the major investor players."

Shares in WestJet rose 25 Canadian cents to C$13.55 on the Toronto Stock Exchange (News - Websites) on Tuesday. The stock is down 30 percent in the past six months.

Erickson said he believes WestJet would prefer to settle the issue to avoid a big blot on its reputation, but the apology does not necessarily mean a deal is in sight.

"I'm not sure we're going to see an early out-of-court settlement on this," he said.

Air Canada officials said they had no comment beyond a July 22 press release to announce the increase in damages the country's biggest airline is seeking. It said it was looking forward to WestJet's explanation of the issue in court.

The move marks the latest twist in a strange and nasty fight between Canada's two largest airlines over accusations of corporate espionage.

WestJet was granted leave by an Ontario court last month to countersue, accusing Air Canada of seizing its private information unlawfully.

That included hiring private investigators to remove Hill's garbage from his Vancouver Island home and a Houston-based firm to piece together shredded documents, WestJet has said.

werden diese Aktie nicht mehr retten, es sei denn es würde bekannt gegeben, dass die Altaktionäre doch nicht enteignet würden durch den Insolvenzplan. Alles andere ist unwesentlich, da es ansonsten wohl im Herbst zur Entwertung der Aktien kommt.

Gruß BarCode

als den Thread in den Katakomben des Arivaservers vergammeln zu lassen ;)

Nein, ich will den Thread akt. nur am laufen halten, habs ja auch auf meiner Watch.

Wieso sprichst du immer von Enteignung?
Soweit ich das richtig gelesen und verstanden habe, gibts für 11,894 alte Aktien 1 neue. Das ist zwar mies, aber ich würde nicht von Enteignung sprechen.

Im nachhinein ist das für die Altaktionäre echt mies, ich pers. bin noch nicht investiert, will lieber erstmal die Restrukturierungsphase abwarten.

Insgesamt gehts aber Schritt für Schritt voran.

greetz

Geb dir dafür 1 US-Dollar. Wenn du das nicht als Enteignung siehst ...

Gruß BarCode

kann ich mir gut vorstellen. Hast du alle Anteile noch behalten oder schon was abgestossen ? Theoretisch müßte man jez alles behalten, alles durchziehen bis man wieda am alten Stand angelangt, aba nur theroetisch, wer weiß wie lange das dauern kann.

Das ist aber m.E. das gewisse Restrisiko, wenn Firmen im Insolvenzstatus sind.
Man weiß nie was kommt. Ich pers. bin in solchen Dingen immer etwas vorsichtiger, obwohl ich auch spekulativ veranlagt bin.

greetz

Press Release Source: AIR CANADA; AIR CANADA - PRODUCTS & SERVICES - AWARDS - PROMOTIONS


Air Canada Launches Web Check-in for Flights; First Canadian Carrier to Offer Convenient Online Service
Wednesday August 4, 6:00 am ET


MONTREAL, Aug. 4 /CNW Telbec/ - Air Canada today made checking-in for flights even easier for its customers with the launch of web check-in at www.aircanada.com . Effective immediately, Air Canada customers travelling on Rapidair flights between Toronto, Montreal and Ottawa with carry-on baggage only can check-in and print boarding passes from the convenience of their home or office. During the coming months, Air Canada will expand web check-in to include all its flights network wide, as well as for customers with baggage requiring check-in.
Air Canada thus becomes the first Canadian air carrier to introduce this time saving feature for air travellers. By simply logging on to www.aircanada.com, Air Canada customers will be able to enter their Aeroplan number or credit card used to purchase the ticket, select their seats and print out their boarding card - all before arriving at the airport. Eligible ticket holders may also standby for an earlier flight and request upgrades to Executive Class. Web check-in is available within 12 hours, and up to at least one hour, before a flight to give enough time for customers to arrive at the airport, proceed directly to security screening and make their way to the departure gate.

"With web check-in, Air Canada is continuing its use of technology to enhance our customers' experience by simplifying air travel and saving valuable time," said Steve Smith, Senior Vice President, Customer Experience. "Air Canada is the first Canadian airline to provide web check-in, and this is consistent with our strategy to continue leading the industry with customer- driven innovations that make air travel both simple and satisfying."

The introduction of web check-in follows other recent innovations by Air Canada that enhance air travellers' experience by putting more control in customers' hands through automation. Over the past year, the carrier became the first full service airline in North America to introduce everyday low, simplified online fares across its Canada and U.S. network. Since then, it has launched a discounted Latitude Pass that provides customers with savings and flexibility to self manage frequent air travel using pre-purchased credits in a personalized online Flight Wallet.

Air Canada is also the first airline in Canada to provide Internet self service podiums at major airports across Canada. With free access to www.aircanada.com, the podiums offer customers easy access to make bookings, change itineraries and select a growing array of Air Canada's self service products. Since becoming the first airline in Canada to offer customers the convenience of Express Check-in Kiosks in 1998, Air Canada's popular self service check-in kiosks have grown to number more than 160 in major airports across Canada and at New York's LaGuardia airport, and they will continue to be enhanced with more time saving features that meet customers' needs.


          §    Note to photo editors: A high resolution image of the web page prompt to
          §    print a boarding card may be downloaded at:
          §   www.aircanada.ca/about-us/media/facts/logo.html(number sign)checkin



www.newswire.ca/en/releases/orgDisplay.cgi?okey=87473
www.newswire.ca/en/releases/orgDisplay.cgi?okey=13213

Guckst du Posting #88. Verlust war noch erträglich, aber ärgerlich. Bin bei o,22 glaub ich raus. Gegen heute natürlich Glück!

Gruß BarCode

          §    Total Disputed Claims:                      $1,460.5 million
          §    Portion of Disputed Claims Allowed in Part: $519.9 million

          §    MINIMUM POTENTIAL CLAIMS:                   $7,997.4 million
          §    (Assumes all disputed claims resolved at amount allowed by Air Canada and
          §    the Monitor)

          §    MAXIMUM POTENTIAL CLAIMS:                   $8,937.9 million
          §    (Assumes all disputed claims resolved at amount claimed by disputing
          §    creditors)


It should be noted that the Total Disputed Claims amount reported does not include claims for approximately $2,244 million which have been determined by final order of the Court to be $124 million and from which leave to appeal has been sought or where the time for seeking leave to appeal (21 days) has not yet expired.
The Corporation intends to emerge from CCAA protection on September 30, 2004 following a creditor vote to be held on August 17, 2004. Air Canada will post a more detailed update on the status of claims on its website www.aircanada.ca/notice and on the website of its counsel at www.stikeman.com/ac .



www.newswire.ca/en/releases/orgDisplay.cgi?okey=48435
www.newswire.ca/en/releases/orgDisplay.cgi?okey=13213

For further information




--------------------------------------------------
Source: AIR CANADA; AIR CANADA - CORPORATE - FINANCIAL





@falke: Jetzt ist ein guter Zeitpunkt für Dein Einstieg, aber nicht das du wieder hinterher schimpfst *g*

Der Trend zeigt weiter Richtung Süden, MACD zeigt ein positives Signal, sollte also bald sein Boden finden. Mit weiteren kräftigen Abschlägen würde ich pers. nicht mehr rechnen.

"I am pleased to welcome this distinguished group of individuals to our new boards," said Robert Milton, President and CEO of Air Canada. "The ability to attract a board of this high calibre representing broad experience across all sectors on a global basis signals yet another vote of confidence in Air Canada's business plan and the airline's prospects going forward. Air Canada's stakeholders, including our customers can be assured their interests will be well served by this group of talented, independent-minded individuals."

The new Board of ACE consists of 11 directors as follows:


          §    Bernard Attali
          §    Senior Advisor, Orrick Herrigton and Sutcliffe, Paris, France


Mr. Attali, a former Chairman and CEO of Air France, has an extensive background in the aviation and aerospace industry and is currently country advisor (France) to the Texas Pacific Group and Chairman of the Paris Ile de France Regional Development Agency. He has held executive positions with several financial institutions and he is now a director of Samsonite Corporation.

          §    Robert E. Brown
          §    President & Chief Executive Officer, CAE Inc., Montréal, Québec.


Mr. Brown who is now a director of Air Canada is also the outgoing Chairman, a position he has held since May 2003. Previously he was President and CEO of Bombardier Inc. and held various senior positions with the federal government of Canada prior to his joining Bombardier. He is currently a director of Nortel Networks Corporation, Vanguard Response Systems and Lyrtech Inc.

          §    Michael Green
          §    President, Cerberus Operations, New York, New York


In his current role Mr. Green is responsible for analysis and evaluation of selected investment opportunities, as well as coordinating the efforts of Cerberus's executive management team. Mr. Green has a multi-industry operations background in aerospace, transportation, telecommunications and software systems. He is a director of Teleglobe, SSA Global Software, General Fiber Communications and Sports Brands International (Fila).

          §    George Hamilton
          §    Chief Executive Officer, Global Home Products, LLC, New Albany, Ohio


Mr. Hamilton has served as President and CEO of several multi-national consumer goods companies including Rubbermaid Europe s.a., Lee Rowan Company and Anchor Hocking Specialty Glass. Mr. Hamilton is now a director of Airway Industries Inc., Formica Corp., and SLI Corp.

          §    W. Brett Ingersoll
          §    Managing Director, Cerberus Capital Management L.P., New York, New York


Mr. Ingersoll is a senior member of the private equity activity and a member of the Investment Committee within Cerberus. Previously Mr. Ingersoll was a Partner at JPMorgan Partners where he focused primarily on private equity and restructuring situations in various industries including healthcare, branded food products and distribution, consumer products, specialty insurance and outsourced business services. He currently serves as a director of various private companies.
Pierre Marc Johnson, Counsel, Heenan Blaikie, Montréal, Québec

Mr. Johnson, who is now a director of Air Canada, practices international commercial law. During his distinguished career in public office, he was Premier of Québec and a Leader of the Opposition in Québec. Mr. Johnson is currently Chairman of the Board of Celmed Biosciences and is a director of St Lawrence Cement Group Inc. and Vincor International Inc.

Frank J. McKenna, Counsel, McInnes Cooper, Moncton, New Brunswick

Mr. McKenna is a former Premier of New Brunswick. He is now Chairman of CanWest Global Communications Corporation and is a director of the Bank of Montreal, Barrett Corporation, the Carlyle Group Canadian Advisory Board, FNX Mining Company, Inc., General Motors of Canada, Marsh Canada Ltd., Noranda, Inc., Major Drilling Group International, Shoppers Drug Mart, United Parcel Service and Zenon Environmental Inc.

Robert A. Milton, President and CEO, Air Canada, Montréal, Québec

Mr. Milton has been President and Chief Executive Officer and a director of Air Canada since August 1999. Prior to joining Air Canada in 1992, he was a founding partner in Air Eagle Holdings Inc. and an independent commercial aviation consultant to British Aerospace.

John T. McLennan, Corporate Director, Mahone Bay, Nova Scotia

Mr. McLennan was previously Vice-Chairman and CEO of Allstream (formerly AT&T Canada) which followed extensive senior executive experience with a number of national telephone companies. Mr. McLennan is currently a director of Amdocs Limited, Canada Health Infoway, Hummingbird Ltd, Manitoba Telecom, Medisys Health Group and Platform Computing.

David I. Richardson, Financial Consultant, Toronto, Ontario

Mr. Richardson is a former Chairman of Ernst & Young Inc. and was National Managing Partner of Ernst &Young's Corporate Finance practice and the senior partner in the Corporate Recovery and Restructuring practice.

Marvin Yontef, Senior Partner, Stikeman, Elliott, Toronto, Ontario

Mr. Yontef acted as lead corporate counsel for Air Canada in its restructuring. As a senior partner in Stikeman Elliott's Corporate Group in Toronto, Mr. Yontef has been counsel in a wide range of commercial activities including mergers and acquisitions, corporate finance, banking and project finance, securities offerings, corporate reorganizations and restructurings. He is a director of Canadian Mini-Warehouse Properties Limited and the Canadian Opera Company.

The new Board of Air Canada will be comprised of Robert Milton, David Richardson and Marvin Yontef. As indicated in the materials mailed to creditors, the Boards of ACE and Air Canada are expected to establish new corporate governance guidelines. Such guidelines may result in additional changes to the membership of the Air Canada Board.

The new Boards of Directors for ACE and Air Canada will take office pursuant to the Restructuring Plan. In accordance with the Plan, current Air Canada directors will cease to act on the Implementation Date of the Plan immediately before the new boards take office.

The directors of ACE and Air Canada will hold office until their next respective annual meetings or until their successors are appointed.

The Corporation plans to emerge from CCAA protection on September 30, 2004 following a creditor vote to be held on August 17, 2004 and a court sanction hearing scheduled for August 23, 2004.



www.newswire.ca/en/releases/orgDisplay.cgi?okey=48435
www.newswire.ca/en/releases/orgDisplay.cgi?okey=13213

For further information




--------------------------------------------------
Source: AIR CANADA; AIR CANADA - CORPORATE - FINANCIAL

Reuters
Air Canada selects board members for new company
Thursday August 12, 3:08 pm ET


MONTREAL, Aug 12 (Reuters) - Air Canada(Toronto:AC.TO - News) said on Thursday it had selected board members for the new holding company under which the world's No. 11 airline will operate once it emerges from bankruptcy protection in October.
Air Canada president and chief executive Robert Milton will stay as a board member, along with former Quebec premier Pierre Marc Johnson and former Bombardier Inc. head Robert Brown.

Brown, president and chief executive officer of CAE Inc.(Toronto:CAE.TO - News) and also director of Nortel Networks Corp. (Toronto:NT.TO - News), will leave his role as Air Canada chairman. The board will elect a new chairman when it takes office on Oct 1, Air Canada said.

Cerberus Capital Management L.P., the New York-based investment firm which bought a 9 percent stake in the airline, will have two of its top executives on the board: managing director Brett Ingersoll and Cerberus Operations president Michael Green.

The board of ACE Aviation Holdings Inc., Air Canada's new holding company, will also include former Air France chairman and chief executive Bernard Attali, former Ernst & Young chairman David Richardson and former New Brunswick premier Frank McKenna.

Others joining the board are George Hamilton, chief executive of Global Home Products LLC; and John McLennan, former vice-chairman of Allstream.

Air Canada's lead corporate counsel and senior partner at Stikeman Elliott, Marvin Yontef, will also sit on the new board.

($1=$1.33 Canadian)

Unsecured creditors voted 99.6 percent in favor of the plan, which Air Canada will present next week for court approval, the airline said after a creditor meeting in Montreal.

"This positive response from creditors represents is by far the most critical vote of confidence in the strength or our business plan and the airline's prospects going forward," Air Canada president and chief executive Robert Milton said in a release.

Creditors will recover around 10 Canadian cents on each dollar that they are owed by receiving shares in the restructured airline's new holding company, ACE Aviation Holdings Inc. The new shares will be issued at a face value of C$20 each.

Creditors could end up owning up to 88 percent of ACE if they agree to buy more shares at a discount under a C$850 million rights offering sponsored by Deutsche Bank AG.

The result of the creditor vote was largely expected because Air Canada's monitor had warned that creditors would most likely recover nothing if the airline was pushed into liquidation.

"What choice do we have?" said Jean-Marc Belanger, regional chairman of Air Canada Pilots Association, which is owned some C$300 million by Air Canada, after voting in favor of the plan.

"What is important is that company will emerge as a stronger company. The alternative is to lose our company," he said.

As for current Air Canada shareholders, their shares will be worth close to nothing once the company converts and cancels them when it emerges from bankruptcy bankruptcy protection.

Air Canada's existing shares fell 2 Canadian cents, or 5 percent, to 34.5 Canadian cents on the Toronto Stock Exchange (News - Websites) on Tuesday.

($1=$1.31 Canadian)






Press Release Source: TSX Reviews and Suspensions; Toronto Stock Exchange; TSX Corporate Announcements


TSX Reviewing Air Canada (AC, AC.A)
Wednesday August 18, 8:57 am ET


TORONTO, Aug. 18 /CNW/ - Toronto Stock Exchange is reviewing the common shares (Symbol: AC) and the Class A Non-Voting Shares (Symbol: AC.A) of Air Canada with respect to meeting the requirements for continued listing. The company is being reviewed on an expedited basis.






Reuters
Air Canada Stock Plunges on Review
Wednesday August 18, 10:31 am ET


MONTREAL (Reuters) - Shares of Air Canada (Toronto:AC.TO - News) fell by more than half on Wednesday, after the Toronto Stock Exchange (News - Websites) said it was reviewing the company's stock to determine if it meets listing requirements.

The exchange said it is reviewing Air Canada's common shares and class A nonvoting shares on an expedited basis.

Air Canada's common shares tumbled 15 Canadian cents or 50.85 percent to 14.5 Canadian cents shortly after the opening on Wednesday, before clawing back to 19 Canadian cents. Volume of more than 9 million shares made it the top traded stock early in the session.

On Tuesday, Air Canada's creditors approved the airline's restructuring plan, which if approved by the court overseeing its bankruptcy protection process, would reduce the value of its current common stock to nearly nil.

Under the plan, creditors could end up owning as much as 88 percent of its airline, but its current common shares will have no value. Expectations are that on court approval of the restructuring plan, Air Canada's current stock will be eliminated and delisted from the Toronto exchange.

($1=$1.31 Canadian)

The bank did not disclose who the third party was, but said it will record a pretax gain of C$52 million ($40 million) from the Air Canada transaction, which will be recorded in the fourth quarter.

An Ontario court approved Montreal-based Air Canada's plan of arrangement with creditors on Monday, clearing the way for the world's 11th largest airline to emerge from bankruptcy protection at the end of next month.

More than 99 percent of unsecured creditors approved the plan last week, even though they will get only pennies on the dollar for their claim.

CIBC also said on Monday that it had obtained rights to acquire voting shares of ACE Aviation Holdings Inc., which will become the parent holding company of Air Canada when the airline emerges from its 18-month long reorganization.

But, CIBC has not assigned any of its rights, which are exercisable on Aug. 27. The rights entitle CIBC to acquire between 3.4 million and 3.8 million voting shares of ACE at C$20 a share.

If CIBC exercises all its rights, it would own more than 10 percent of the outstanding voting shares of ACE, but less than 4 percent of ACE's total equity.

The bank said it will hold any ACE voting shares "solely for investment purposes and not for the purpose of influencing the control or direction of ACE."

"CIBC does not intend to acquire ownership of, or control over, additional securities of ACE other than those that may be acquired by it upon implementation of the (Air Canada reorganization) plan."

CIBC shares were up 5 Canadian cents at C$65 on the Toronto Stock Exchange. Air Canada stock, which the airline says will be virtually worthless after the restructuring, was down 5 Canadian at 16.5 Canadian cents.

($1=1.31 Canadian)

IN USA erholt sich der Stock gerade. Könnte bald für ein 50% Sprung gut sein

TSX to Suspend Air Canada (AC, AC.A) on Wednesday, August 25, 2004
Tuesday August 24, 9:09 am ET


TORONTO, Aug. 24 /CNW/ - The common shares (Symbol: AC) and the Class A Non-Voting Shares (Symbol: AC.A) of Air Canada will be suspended from trading effective at 5:01 p.m. on Wednesday, August 25, 2004 for failure to meet the continued listing requirements of Toronto Stock Exchange.


Reuters
Toronto Stock Exchange to suspend Air Canada shares
Tuesday August 24, 9:20 am ET


TORONTO, Aug 24 (Reuters) - The Toronto Stock Exchange said on Tuesday it will suspend Air Canada's (Toronto:AC.TO - News) shares for failing to meet listing requirements, in a widely expected move that comes after the airline was cleared to emerge from bankruptcy protection.
The exchange said the suspension of Air Canada's common shares and class A nonvoting shares will take effect after markets close on Wednesday.

On Monday, a Canadian court approved the airline's plan of arrangement with its creditors which allows the airline to come out of bankruptcy protection next month.

Thu Sep 23, 2004 05:42 PM ET
MONTREAL, Sept 23 (Reuters) - Shares of ACE Aviation Holdings Inc., the new holding company for Air Canada, will begin trading on Oct. 4, the company said on Thursday.
The world's 11th largest airline canceled its old shares as part of its restructuring under bankruptcy protection from which it will emerge on Sept. 30.

The new voting shares will trade on the Toronto Stock Exchange under the symbol ACE.B, Air Canada said.



so endlich kommt mal Bewegegung in die Bude, die alte wkn scheint gelöscht worden zu sein, bzw. in Deutschland generell gelöscht. Bei comdirect finde ich keine deutschen Börsen mehr.

                 
AIR CANADA  Aktie  0,06  CAD  +20,00%  25.08.04  22:56  Toronto    
AIR CANADA CL A NV  Aktie  0,05  CAD  +25,00%  25.08.04  22:13  Toronto    
AIR CANADA CRP A NON..  Aktie  0,009  USD  -30,77%  23.09.04  21:59  NASDAQ OTC    
AIR CANADA INC  Aktie  0,001  USD  +0,00%  08.09.04  23:21  Nasdaq Other OTC    

   

Media Advisory - Air Canada to Present Strategic Review for Analysts
Friday September 24, 1:02 pm ET


MONTREAL, Sept. 24 /CNW Telbec/ - Air Canada will hold a conference call for analysts on September 27, 2004 to present the Corporation's Strategic Review. Media may access this call on a listen-in basis; details are as follows:

          §    ANALYST CONFERENCE CALL / AUDIO WEBCAST

          §    Date:            Monday, September 27, 2004

          §    Time:            2:00 p.m. ET

          §    Webcast:         www.startcast.com/shows/20/A0001 Note: This is a
          §                     listen-only audio webcast. Windows Media Player is
          §                     required to listen to the broadcast; please download
          §                     well in advance of call.

          §    By telephone:    1-800-387-6216 toll free or (416) 405-9328. Please allow
          §                     10 minutes to be connected to the conference call.

          §    Replay           Instant replay will be available beginning approximately
          §                     one hour after the call at 1-800-408-3053 toll free or
          §                     (416) 695-5800 and enter passcode 3100113(pound key)
          §                     until midnight ET October 4, 2004.

          §    Note:            The Strategic Review Presentation will be available for
          §                     viewing at www.aircanada.ca/about-us/investor/index.html
          §                     approximately one hour before the conference call /
          §                     audio web cast begins.

Air Canada schließt Kaufvereinbarung über 45 Embraer-Flugzeuge


MONTREAL (Dow Jones-VWD)--Die Air Canada, Montreal, hat mit dem brasilianischen Flugzeughersteller Embraer einen definitiven Kaufvertrag über 45 Maschinen unterzeichnet. Zudem wurde eine Option über die Lieferung von weiteren 45 Flugzeugen vereinbart, wie Air Canada am Mittwoch mitteilte. die Auslieferung soll im November 2005 beginnen. Die Vereinbarung bestätige eine zweite Tranche des im vergangenen Jahr bereits genannten Kaufprogramms über insgesamt 105 kleine Flugzeuge. -Von Judy McKinnon, Dow Jones Newswires; +49 (0) 6196 405 395 unternehmen.de@dowjones.com (ENDE) Dow Jones Newswires/29.9.2004/nas/rio

- Domestic passenger load factor at 79.3% - highest ever for September - System passenger load factor at 79.2% - highest ever for September
MONTREAL, Oct. 6 /CNW Telbec/ - Air Canada reported a system load factor of 79.2 percent in September 2004, the highest ever for September. The mainline carrier flew 9.5 percent more revenue passenger miles (RPMs) in September 2004 than in September 2003, according to preliminary traffic figures. Overall, capacity increased by 1.5 percent, resulting in a load factor of 79.2 percent, compared to 73.4 percent in September 2003; an increase of 5.8 percentage points. In the domestic market, capacity decreased by 10.3 percent while traffic increased 0.5 percent resulting in a domestic load factor of 79.3 percent - an 8.6 percentage point increase year over year.
Jazz, Air Canada's regional airline subsidiary, flew 7.9 percent more revenue passenger miles in September 2004 than in September 2003, according to preliminary traffic figures. Capacity decreased by 10.8 percent, resulting in a load factor of 66.2 percent, compared to 54.7 percent in September 2003; an increase of 11.5 percentage points.

"In September ongoing disciplined capacity management and the growing popularity of Air Canada's web fares resulted in a sixth consecutive month of record load factors," said Rob Peterson, Executive Vice President and Chief Financial Officer. "Our record domestic performance was also supported by the strong traffic flows across Canada from international services, particularly from Japan. We are clearly the airline of choice for the lowest fares to the greatest number of destinations on an everyday basis."


biz.yahoo.com/cnw/041006/e_aircdn_traffic_1.html

"The airline again posted a record load factor every month this quarter while operating at strong on time performance and flight completion levels. While the third quarter is our seasonally strongest quarter, the results achieved point to an airline that is not only profitable in a difficult fuel and North American yield environment, but also to an airline that is running well operationally.

"Our new business model and product strategy is producing the desired results and we are seeing growing customer confidence in Air Canada as the airline of choice for the lowest fares to the greatest number of destinations on an everyday basis.

"The progress reported today was made possible through the hard work, dedication and sheer resilience of Air Canada's employees. I thank them for their ongoing support and willingness to accept the necessary change to ensure the airline's successful restructuring. And on behalf of all of us at Air Canada, I thank each and every customer who supported us during the past eighteen months. We remain committed to earn their ongoing loyalty through excellent customer service and as always an uncompromising focus on safety," concluded Mr. Milton.

As a result of higher overall system traffic and yield, consolidated passenger revenues have shown a marked recovery in all markets with the exception of the US transborder market. Air Canada estimates that consolidated system passenger revenues will increase by approximately 12 per cent over the third quarter of 2003. Passenger revenue per ASM (RASM) is expected to be up approximately 6 per cent over 2003 levels.

Air Canada anticipates unit cost reductions of approximately 4 per cent from the same quarter last year (11 per cent excluding fuel) on an ASM capacity increase of 6 per cent. These unit cost reductions are mainly due to cost reduction initiatives undertaken during the restructuring process which largely began to take effect in the third quarter of 2003.

Current record high fuel prices are a concern, however, the increase in fuel expense has been partially mitigated by a fuel surcharge in effect on US transborder and international travel and by a stronger Canadian dollar.

As at October 13, 2004, the Corporation's consolidated cash balance, measured on the basis of cash in its bank accounts, amounted to approximately $1.9 billion.

As in prior quarters, as a result of restructuring under CCAA, the third quarter 2004 results will reflect a number of very significant reorganization and restructuring charges directly associated with the restructuring which will be included in net income. Air Canada's complete 2004 third quarter results will be made available on Air Canada's website aircanada.com and at SEDAR.com by November 15, 2004. A copy may also be obtained on request by contacting Shareholder Relations at (514) 422-7578.






This Season's 'Hot' Ticket: New Air Canada 'Sun Pass' Multi-Trip Pass Offers Great Value and Flexibility for Snowbirds and Sunseekers Travelling from Montreal & Toronto to U.S. Sun Destinations
Saturday October 16, 11:16 am ET


MONTREAL, Oct. 16 /CNW Telbec/ - Following the success of the airline's multi-trip Latitude Passes and Fly City passes, Air Canada today introduced the Sun Pass, offering multi-trip passes of six one-way Flight Credits for flights from Montreal or Toronto to popular U.S. sun destinations including Florida and Las Vegas.
The new multi-trip Sun Pass offers frequent travellers the convenience of online booking simplicity, along with average savings of 15 per cent off the carrier's popular Fun fares, along with no advance purchase, no minimum stays and Aeroplan mileage accumulation.

"We expect that the Sun Pass will receive a very warm welcome from customers," said Montie Brewer, Executive Vice President, Commercial. "Sun Passes are the natural next step in Air Canada's growing selection of multi passes. Like Latitude and Fly City passes, they are designed with the frequent customer in mind, offering total planning flexibility, online simplicity, great savings and a choice of our most popular U.S. sun destinations."

The Sun Pass offers customers peace of mind and predictable prices with locked-in, value-priced fares good for six one way trips. The multi-pass also reduces the hassle and time spent buying individual tickets and allows customers to change their mind - and their sun destination - for a $30 fee.

"Air Canada is leading the way in offering more value and more flexibility and Sun Pass multi-passes are just one excellent example of this strategy in action," said Brewer. "We intend to build on this in the future by offering even more specialized products and services that put control back into the hands of our customers through online convenience at aircanada.com."

Discount Multi-trip Pass with Online Convenience

------------------------------------------------

Designed specially for frequent travellers seeking exceptional value and flexibility, Air Canada's new Sun Passes are available exclusively online at aircanada.com for six flight credits, each credit valid for a one way non-stop or same direct flight number flight from Toronto or Montreal to select U.S. sun destinations. Sun Passes may be purchased anytime with no advance purchase and no minimum stays.

To purchase a Sun Pass, customers visit the aircanada.com site, click on 'Flight Wallet' on the home page and enter their Aeroplan membership number and personal identification number. Convenient online access through the customer's personalized Flight Wallet at aircanada.com provides an easy and quick way to book travel, make changes and access account information on remaining travel credits. Fly City Passes are currently available exclusively to residents of Canada and are valid for travel 353 days from date of purchase and are non-refundable and non-transferable. Other conditions include fee for changes to initial Flight Credit reservation and use of Aeroplan Special System wide upgrade certificates. Flight credit cancellation and re-crediting are also subject to a fee.

Aeroplan Mileage

----------------

Like Air Canada's Fun fare product, the carrier's Sun Passes offer customers 100 per cent Aeroplan Status Mile accumulation for every mile flown in addition to a purchase incentive of one Aeroplan Mile for every $3 spent.


          §    Choice of Two Sun Passes
          §    ------------------------
          §    Sun Toronto to/from: Fort Lauderdale, Orlando, Miami, Tampa, Fort
          §    Myers(x), West Palm Beach(x), Phoenix, Las Vegas. six credits: $1,554
          §    (plus GST)

          §    Sun Montreal to/from: Fort Lauderdale, Orlando(x), Miami, Tampa(x), Fort
          §    Myers(x), West Palm Beach(x), Las Vegas. six credits: $1,554 (plus GST)

          §    (x)seasonal routes


Air Canada's new Sun Pass joins a growing range of specialized multi-trip pass products such as: Fly City Pass, a series of eight discount air pass products for frequent fliers on popular domestic Canada and U.S. transborder routes, from coast to coast; Latitude Pass for Rapidair customers between Toronto, Montreal and Ottawa, and Latitude Pass for the West now available for travel on 17 routes throughout western Canada. Air Canada's new online products represent a further step in Air Canada's comprehensive strategy to provide optimum value and simplicity and to put more control in customers' hands through automation.






Five simple fares for flying Air Canada: Airline leads the way to next level of convenience with elimination of "Saturday Stay, Round Trip" rules
Sunday October 17, 10:00 am ET


MONTREAL, Oct. 17 /CNW Telbec/ - Air Canada today announced that it is taking another big step toward further simplifying its fare structure and increasing customer convenience by eliminating its Econo fare category effective immediately -- along with minimum stay and round trip requirements for fares on all continental North America flights.
By eliminating the Econo fare type, the airline is moving from six fare categories to just five simple fare types - Tango, Fun, Latitude, Freedom and Executive Class - one-way fares that permanently offer best all-round value, and all without the hassle of minimum stay and round trip rules.

"Enforced Saturday stay-overs and return fares are the bane of air travelers and the last vestiges of old-style airline pricing. We're delighted to get rid of them and stop telling customers where to spend their weekends," said Montie Brewer, Executive Vice President, Commercial. "Now there's no minimum stay required and no need to fly round-trip to get Air Canada's best fares in continental North America. By removing these rules, we've reached another milestone in giving customers simple, flexible and easy-to-use fares. This builds on our simplified fare structure and demonstrates Air Canada's commitment to innovation and customer choice."

Customers are choosing Air Canada's simplified fares in increasing numbers due to instant access to the lowest available fares and the ability to select one of five simple and distinct fare types. Air Canada's ultra-clear web display distinguishes itself from that of most carriers by showing all travel options on one screen and allowing customers to easily compare price, benefits, flexibility and attributes. Moreover, Air Canada customers can make complete or partial changes to most reservations directly online. In addition to the Aeroplan Miles earned on eligible fares, every flight booked at aircanada.com earns one additional Aeroplan Mile for every $3 spent on all domestic Canada and transborder U.S. travel.

Air Canada now offers five different types of fares for five different types of airline trips from ultra-low priced, fixed-schedule travel with Tango fares to full-featured, flexible business travel with Executive Class fares. Each fare category is priced according to its built-in benefits (flexibility, refundability, level of Aeroplan mileage accumulation, lounge access etc.) giving Air Canada customers the unique ability to select the specific fare category and benefits they need for the type of journey they're planning.


          §    Tango     Great all-around value and lowest one way fares:

          §              - Available online at aircanada.com
          §              - No minimum stay
          §              - Advance purchase may apply
          §              - Unlimited changes on eligible routes for a minimal fee ($30)
          §                plus any fare difference
          §              - Non-refundable
          §              - Customers receive 50% non-status Aeroplan Miles
          §              - Paid advance seat selection
          §              - No airport same day change and standby

          §    Fun       Best value - highly competitive, deeply discounted one way
          §              fares with airport same day changes:

          §              - No minimum stay
          §              - Complimentary advance seat assignment
          §              - Advance purchase may apply
          §              - Unlimited changes prior to day of departure on eligible
          §                routes for a minimal fee ($25), plus any fare difference
          §              - Day of departure changes ($50 & no charge for fare
          §                difference)
          §                for same day flights only.
          §              - Non-refundable
          §              - Customers receive Aeroplan Status Miles (50% for travel
          §                within Canada; 100% for U.S. transborder travel)

          §    Latitude  Fully flexible, significantly discounted one way fares:
          §              - Purchase anytime
          §              - Unlimited changes at no cost
          §              - Fully refundable
          §              - Same day standby at the airport
          §              - Complimentary advance seat assignment
          §              - Customers receive 100% Aeroplan Status Miles

          §    Freedom   Maximum flexibility and convenience; one way fares with full
          §              and immediate access, no constraints:

          §              - Confirmed upgrade up to 24 hours
          §              - Purchase anytime
          §              - Same day standby at airport
          §              - Unlimited changes at no cost
          §              - Fully refundable
          §              - Complimentary advance seat assignment
          §              - Priority check-in, boarding and baggage handling at Canadian
          §                airports
          §              - Access to Maple Leaf Lounges at Canadian airports
          §              - Customers receive 125% Aeroplan Status Miles




          §    Executive All the advantages of Air Canada Executive Class with
          §    Class     substantial savings:

          §              - Full flexibility with no restrictions
          §              - Priority check-in, boarding and baggage handling
          §              - Complimentary advance seat assignment
          §              - Maple Leaf Lounge access
          §              - Executive Class cabin seating
          §              - Complimentary alcoholic beverage and premium meal/snack
          §                service
          §              - Customers receive up to 150% Aeroplan Status Miles

"Air Canada's future success will be driven by the loyalty of our customers. The initiatives announced today signal a renewed focus on providing our customers with value-driven products and services that place Air Canada on the forefront of international carriers. A new look for our aircraft, inside and out, new uniforms for front-line staff and a modernized brand image convey the re-energized Air Canada to our customers and the world. It means an airline that is recognized for excellence world wide and whose employees are driven by the passion to succeed - not unlike the qualities for which Celine Dion, is known the world over.

Continued Mr. Milton, "All of us at Air Canada are honored to have this great Canadian icon with us today as we present the new Air Canada to the world."

"This is such an exciting time for Air Canada. It is truly a privilege to share this moment with you," said Celine Dion, wearing the stylish new Air Canada uniform as she addressed the carrier's employees. "It's been great working together with you on my latest music video and an honour to perform the song, 'You and I...were meant to fly,' to promote Air Canada and this great country around the world. Like you, I give it my best, day in and day out, to transport people and help them to realize their dreams, all over the world. We are all ambassadors for Canada, and from what I can see today, you and I were meant to fly." Joining Celine Dion onstage at each event was a chorus of Air Canada employees chosen through nation wide auditions to accompany the international superstar perform her May release "You and I...were meant to fly." The song is featured in the carrier's new television and radio advertising campaign that introduces the newly transformed Air Canada to the Canadian public. The campaign, created by Air Canada's advertising agency of record, Montreal-based Marketel, begins October 21, 2004.

Air Canada also announced today that it will launch a cooperative advertising campaign with the Canadian Tourism Commission to jointly promote Canada as a travel destination in markets outside the country. Major print and broadcast advertising campaigns are slated to begin in select markets in the United States and Great Britain in early 2005. By sharing costs and leveraging their respective strengths, Canada's flag carrier together with Canada's national tourism promoter will generate greater impact in international markets for the benefit of Canada's tourism and hospitality industries.

A new look for the fleet: Inside and out

Air Canada unveiled its new livery design with a display of a Boeing 767 aircraft sporting an updated design and colour scheme. Following their first stop over this morning in Toronto for employees to see the new contemporary look, the aircraft continued on to an event for employees at the carrier's headquarters in Montreal before continuing on to events in Calgary and Vancouver.

Air Canada's new updated livery, designed by FutureBrand Worldwide, features fresh clean lines and lighter colours; a more modern look with added energy that reflects Air Canada's approach to streamlining customer service and developing innovative products through simplification.

The distinctive Air Canada Maple Leaf in red on the tail of its aircraft will now be complemented by a graphic dot pattern representation called the "Frosted Leaf" in a light shade of green. In addition to its use on the exterior of the aircraft, the new colour scheme will be used throughout the interiors of aircraft and eventually across all corporate identity applications.

New uniforms for front line staff convey contemporary sophistication

Created by Canadian fashion designer, Debbie Shuchat, the new uniforms for Air Canada's 6,700 flight attendants and 2,900 airport customer service agents embody classic sophistication with contemporary flair. Inspired by a retro couture look, Shuchat has modernized the designs with softer, contoured lines in a style that is clean, fluid and simple.

Men's and women's suits will be in Midnight Blue with Silver Sky lining. Shirts and sweaters will also be in Silver Sky, accessorized with ties and scarves recalling the new livery's Frosted Leaf graphic design with a subtle tone-on-tone iridescence. Wear testing by employees will be conducted in the first half of 2005, followed by production of the final designs that will have incorporated feedback from employee groups. It is expected that Air Canada's front line employees will begin wearing the new uniforms in late 2005.

New leading edge in-flight enhancements

Air Canada today unveiled a new in-flight entertainment (IFE) system that will bring all of its customers leading edge video and audio on demand with a choice of up to 80 hours of programming on personal television screens at each seat. Air Canada will thus become the first airline in the Americas to offer fully interactive, personalized entertainment choices to all customers on all of its aircraft.

The system will consist of touch screen capability that gives each customer complete fully interactive programming control for making personalized entertainment choices and features digital image and surround sound quality. Introduction of the new system is scheduled to begin with the arrival of new Bombardier CRJ 705 aircraft in May 2005, and installation on the airline's international fleet beginning September 2005. The selection of the manufacturer will be announced upon finalization of the contract.

Air Canada also confirmed today that it will proceed with the introduction of the newest generation of premium lie flat seating for all of its Executive First international customers in order to ensure that its Executive First customers experience the very best in comfort available. Air Canada expects to introduce luxury lie flat seating across its international fleet beginning as early as September 2005. The selection of the manufacturer will be announced upon finalization of the contract.

"Just as we have invested in the renewal of our North American fleet with new, smaller jet aircraft, we must continue to invest strategically in other areas including in-flight products to remain competitive in domestic and international markets," concluded Mr. Milton. "We must invest to earn the ongoing loyalty of our customers. As we have seen today, Air Canada and its people will be better equipped than ever to meet new challenges head on and succeed."

The wide ranging initiatives announced today will be implemented strategically and economically to minimize costs. Painting of the livery will be accomplished as part of the carrier's regularly scheduled maintenance program over a two year period. The transition will be accelerated as a result of the upcoming delivery of new Embraer aircraft beginning in 2005. To achieve consistency fleet wide in a timely and economical manner, a transitional livery decal will be applied to aircraft tails. The carrier's new advertising campaign is also being produced within the parameters of existing marketing budgets. The introduction of the new uniform for front line staff, last redesigned in 1995, will be undertaken with both cost and the comfort of employees top of mind.


          §    Note to Photo Editors: High resolution, downloadable color photos of the
          §    event, participants and new livery will be made available at
          §    www.aircanada.ca/about-us/media/facts/logo.html under "Facts and
          §    Photos".

          §    Note to Editors: Fact sheets on the following topics are available online
          §    at www.aircanada.ca/about-us/media/facts/products/index.html

          §    - In-Flight Enhancements Place Air Canada at the Leading Edge
          §    - A New Contemporary Look For Air Canada's Fleet
          §    - New Uniforms For Air Canada Front Line Staff Convey Contemporary
          §      Sophistication
          §    - Air Canada Employees Perform with Celine Dion
          §    - Celine Dion Performs the Song "You And I...Were Meant To Fly": Theme of
          §      Air Canada's New Advertising Campaign

BANGKOK (Dow Jones-VWD)--Das Luftfahrtbündnis Star Alliance rechnet für ihr Firmenkundenprogramm "Corporate Plus" in diesem Jahr mit einem Umsatzanstieg von über 25% auf über 1,5 Mrd EUR. Wie die Organisation, in der die Deutsche Lufthansa AG vertreten ist, am Montag mitteilte, wurden von den Mitglieds-Airlines bislang 35 globale Firmenkundenverträge im Volumen von 1,5 Mrd EUR unterzeichnet. Im Rahmen des Programms können Unternehmen eine beliebige Star-Airline kontaktieren und dabei das Streckennetz und den Service aller in der Organisation vertretenen Fluggesellschaften nutzen.

In der Star Alliance sind neben der Lufthansa unter anderem Air Canada, Scandinavian Airlines, Singapore Airlines, United, US Airways und VARIG vertreten. Die Mitglieder bieten täglich über 14.000 Flüge zu 772 Zielorten in 133 Ländern an.

--------------------------------------------------

UPDATE 1-Judge adds WestJet chief to Air Canada lawsuit
Thu Dec 23, 2004 03:49 PM ET
(Adds details, background, stock prices)

MONTREAL, Dec 23 (Reuters) - An Ontario court judge has added the chief executive of WestJet Airlines Ltd. (WJA.TO: Quote, Profile, Research) as a defendant in Air Canada's (ACErv.TO: Quote, Profile, Research) C$220 million ($179 million) corporate espionage lawsuit against the no-frills carrier.

In a statement on Thursday, Air Canada said an Ontario Superior Court judge had issued an order adding Clive Beddoe, who is also chairman, president and co-founder of WestJet, and four other WestJet executives to the lawsuit.

WestJet did not oppose the motion, Air Canada said.

The court development is the latest in an increasingly bitter and personal dispute between the rival airlines and their leaders over allegations that senior WestJet managers gained access to private Air Canada data through an employee Web site nearly a quarter of a million times over almost a year.

According to Air Canada's claim, which has not been proven in court, Calgary-based WestJet used the data to adjust commercial strategies such as flight schedules to better compete against the Montreal carrier.

In early November, Air Canada, the country's dominant airline and world No. 13, sought to add Beddoe to the lawsuit, a move the WestJet chief said at the time was a "pretty low blow" and attempt to personalize the dispute.

Just last week, WestJet launched its own C$30 million lawsuit against Air Canada, saying the bigger airline was abusing the court process as part of a campaign to destroy the discount carrier.

WestJet's lawsuit named Robert Milton, chairman, president and chief executive of ACE Aviation Holdings Inc., Air Canada's parent, and other executives at the airline.

ACE Aviation shares were down 19 Canadian cents at C$35.80 on the Toronto Stock Exchange on Thursday afternoon, while WestJet shares were up 35 Canadian cents at C$12.15.

The dispute and weaker operating results have weighed on WestJet stock, which has dropped about 11 percent over the past three months.

ACE Aviation shares have advanced about 80 percent from their C$20 issue price when Air Canada emerged from 18 months of court protection from creditors at the end of September.

--------------------------------------------------

Air Canada airlifts relief supplies to Indonesia; Launches in-flight donations program for tsunami victims
Thursday December 30, 6:00 pm ET

  Editors:§    MONTREAL, Dec. 30 /CNW Telbec/ - In response to the unprecedented
devastation brought by tsunamis in Southeast Asia, Air Canada is working
around the clock with Canadian aid agencies and airline industry partners to
support relief efforts in the region as quickly as possible.
          §    Air Canada will provide dedicated relief flights to Sumatra, Indonesia
carrying supplies collected by World Vision Canada and the airline's caterer,
Cara Foods. Plans are under way for two relief flights loaded with up to a
total of 130 tonnes of cargo to depart Canada the first week of January 2005.
Air Canada will continue to work closely with aid agencies to arrange for
further shipments of supplies into the region as required.
          §    Included in these initial shipments to be distributed locally by World
Vision will be pharmaceuticals, general medical supplies, water purification
equipment, non-perishable foods, clothing and shelter materials.
          §    "On behalf of Air Canada and its more than 30,000 employees worldwide, I
want to express our sadness and extend our condolences to those affected by
this terrible catastrophe," said Robert Milton, Chairman, President and CEO of
ACE Aviation Holdings. "Air Canada will do its part in the international
relief effort to assist individuals and companies to get their support to
those in greatest need, as quickly as possible. Hopefully, with contributions
such as these provided by charities, industry partners, employee volunteers
and our customers, together we can help rebuild some of the losses felt by
those less fortunate in Southeast Asia. We look to suppliers and other
Canadian corporations to participate in this important initiative."
          §    In addition, Air Canada today announced a partnership with the Canadian
Red Cross to help raise funds to assist people affected by the December 26
tsunamis in Southeast Asia. Beginning as early as Saturday January 1, 2005,
Air Canada flight attendants will distribute and collect Red Cross donation
envelopes on flights across its entire network.
          §    "This program provides one more opportunity for Air Canada customers -
Canadians and travellers from around the world - to show their support and
solidarity for the vital activities that Red Cross is undertaking at this time
of crisis," continued Mr. Milton.
          §    Air Canada has also implemented a flexible booking policy to assist its
customers who wish to make changes to their travel plans to and from the
regions affected.
          §    Air Canada customers with confirmed tickets purchased on or before
December 26, 2004 for travel on or before January 31, 2005 to, from or through
Colombo, Sri Lanka; Indonesia; Penang and Langkawi, Malaysia; Madras, India;
The Maldives; and Thailand may make changes prior to their original travel
date without penalty.
          §    These flexible booking conditions apply to flights operated by Air Canada
and Air Canada codeshare flights, indicated with the AC flight code. As Air
Canada does not operate its own flights into the region, it reminds customers
that changes to bookings for flights to and from affected areas that are not
operated by Air Canada and are not codeshare flights, are subject to the
policies of the operating carrier.

          §    For assistance with changing travel plans, customers are advised to
contact their travel agent or Air Canada Reservations. Air Canada staff will
endeavour to accommodate customers on the earliest available flight if they
wish to leave an affected area.