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Air Canada T.AC

Alternate Symbol(s):  ACDVF

Air Canada is an airline company. The Company is a provider of scheduled passenger services in the Canadian market, the Canada-United States (U.S.) transborder market and the international market to and from Canada. It provides scheduled service directly to more than 180 airports in Canada, the United States and internationally on six continents. The Company’s Aeroplan program is Canada's premier travel loyalty program, where members can earn or redeem points on the airline partner network of 45 airlines, plus through a range of merchandise, hotel and car rental rewards. Its freight division, Air Canada Cargo, provides air freight lift and connectivity to hundreds of destinations across six continents using its passenger and freighter aircraft. Its Air Canada Vacations is a tour operator, which is engaged in developing, marketing, and distributing vacation travel packages in the outbound/inbound leisure travel market. Air Canada Rouge is Air Canada's leisure carrier.


TSX:AC - Post by User

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Post by sleapeasyon Oct 20, 2015 1:35pm
127 Views
Post# 24209386

good news

good news
ir Canada and CUPE Reach New 10-Year Agreement Subject to Ratification on Contract Terms for Flight Attendants
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MONTREAL, Oct. 20, 2015 /CNW Telbec/ - Air Canada and the Canadian Union of Public Employees (CUPE) today announced they have reached a new agreement, subject to ratification, on collective agreement terms for ten years for the approximately 6,500 flight attendants at Air Canada and 700 at Air Canada rouge.

"This new, ten-year agreement with CUPE is an important development which will support long term profitable growth for the benefit of Air Canada, our stakeholders and our flight attendants at both mainline and Air Canada rouge," said Benjamin Smith, President, Passenger Airlines, Air Canada. "This is a win-win agreement that will provide added stability and flexibility while acknowledging the important contribution of our flight attendants towards Air Canada's future success. As the fifth collective agreement reached with unions representing our employees over the past year, it is further indication of the collaborative partnership that is building Air Canada into a Global Champion."

"We are pleased that the company has agreed to many key improvements to our current collective agreement, including much-needed provisions on job security amongst other important gains. Following many months of hard work at the bargaining table, the eight members of our bargaining committee are unanimous in their joint endorsement of this tentative agreement. We look forward to a sustained period of growth at Air Canada. Our company's global expansion in the months and years ahead will be mutually beneficial, and will have a tremendously positive impact on our membership," said Michel Cournoyer, President, CUPE Airline Division.

The agreement is subject to ratification by CUPE's membership as well as to certain openers over the 10 year period. Details of the agreement will not be released pending ratification by CUPE and approval by the Air Canada Board of Directors.

The union will recommend ratification to its members and the Company will seek the Air Canada Board of Directors' approval for the agreement promptly.

This agreement with CUPE, subject to ratification, follows on the conclusion in October 2014 of a new agreement with Air Canada's 3,000 pilots on collective agreement terms for ten years. It is the fifth collective agreement reached by Air Canada and its unions, including those with Unifor representing the airline's 4,000 Customer Service and Sales Agents in Canada, the International Brotherhood of Teamsters (IBT) representing its U.S. unionized workforce and UNITE representing its U.K unionized workforce.
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