“We are very pleased that our employees in the United States have ratified a new 10-year collective agreement. This result underscores the direction of the IBT and our employees on Air Canada`s successful business strategy to continue to develop a sustainable and global business,” said Craig Landry, Executive Vice President of Air Canada. “I commend the negotiating committees and our colleagues for the conclusion of this remarkable result, which provides our U.S. employees with long-term stability in this highly competitive and transformative industry. In previous contracts, workers hired after 2004 were paid less. These members will see an approximate increase in pay of up to 75 per cent over the life of the collective agreement. About Air Canada Air Canada is Canada`s largest domestic and international carrier, serving nearly 220 airports on six continents. The Canadian airline is one of the 20 largest airlines in the world and has served nearly 51 million customers in 2018. Air Canada offers scheduled flights directly to 62 airports in Canada, 54 in the United States and 101 in Europe, the Middle East, Africa, Asia, Australia, the Caribbean, Mexico, Central America and South America. Air Canada is a founding member of Star Alliance, the world`s largest air transportation network for 1,250 airports in 195 countries. Air Canada is the only international airline in North America to receive a four-star rating from U.S. independent research firm Skytrax, which has also made Air Canada the best 2019 airline in North America.
For more information, see: aircanada.com/media, follow @AirCanada on Twitter and join Air Canada on Facebook. Toronto (June 16, 20099) – After weeks of intense negotiations, Air Canada has reached preliminary agreements with its five unions for a 21-month moratorium on pension funding. Yesterday, an agreement was reached with the Air Canada Pilots Association (ACPA), which represents approximately 3,200 pilots, and with the Canadian Union of Public Employees (CUPE), which represents approximately 6,700 flight attendants. Pension agreements require a moratorium on previous service contributions for a 21-month period and fixed payments of $150 million, $175 million and $225 million in 2011, 2012 and 2013. Current payments will continue to be made as normal and there will be no changes to defined benefit plans or benefit reductions. The agreements are subject to a number of conditions, including the adoption by the federal government of a regulation amending Air Canada`s pension funding and the inclusion of at least $600 million in new federal funding.