Business Summary
|
Air Canada is a domestic and international airline. The Company is a provider of scheduled passenger services in the Canadian market, the Canada-United States transborder market and in the international market to and from Canada. During the year ended December 31, 2008, Air Canada, together with Jazz, operated an average of approximately 1,374 scheduled flights daily and carried approximately 33 million passengers and provided direct passenger service to 160 destinations and, through commercial agreements with other unaffiliated regional airlines, to an additional 11 destinations, for a total of 171 direct destinations on five continents. The Company has an agreement with Jazz, pursuant to which Air Canada purchases substantially all of Jazz's fleet capacity based on predetermined rates and Air Canada determines the routes and schedule operated by Jazz. It also generates revenues from cargo services provided by Air Canada and AC Cargo Limited Partnership.
| | (Source: ARS)
|
|
|
