MONTREAL, Sept. 23, 2013 /CNW Telbec/ - Air Canada today announced that
it will undertake a Request for Proposal (RFP) process to select a new
regional airline to operate certain existing U.S. regional transborder
routes, starting in mid-2014. Select Canadian and U.S. regional
carriers will be invited to participate in the RFP process and submit
their respective pricing and other terms and conditions of carriage.
"The launch of a request for proposals is an important next step in our
regional airline diversification strategy and ongoing cost
transformation program," said Kevin Howlett, Senior Vice President,
Regional Markets. "Over the past two years, Air Canada has made
significant changes to its strategy and relationship with its regional
partners, now all operating under the Air Canada Express banner. Most
recently, we transferred the operation of our Embraer 175 aircraft to a
regional carrier whose cost structure is more in line with the U.S.
regional carriers, and as low cost operators continue to grow in the
rapidly evolving North American regional markets, it is critical for
Air Canada to take the necessary steps to ensure its cost structure in
these markets is also competitive."
Air Canada currently has capacity purchase agreements with four regional
airline partners: Jazz, Sky Regional, Air Georgian and EVAS.
Air Canada is Canada's largest domestic and international airline
serving more than 175 destinations on five continents. Canada's flag
carrier is among the 20 largest airlines in the world and in 2012
served close to 35 million customers. Air Canada provides scheduled
passenger service directly to 60 Canadian cities, 49 destinations in
the United States and 67 cities in Europe, the Middle East, Asia,
Australia, the Caribbean, Mexico and South America. Air Canada is a
founding member of Star Alliance, the world's most comprehensive air
transportation network serving 1,328 destinations in 195 countries.
Air Canada is the only international network carrier in North America
to receive a Four-Star ranking according to independent U.K. research
firm Skytrax that ranked Air Canada in a worldwide survey of more than
18 million airline passengers as Best Airline in North America in 2013
for the fourth consecutive year. For more information, please visit: www.aircanada.com.
Caution Regarding Forward-Looking Information
Air Canada's public communications may include forward-looking
statements within the meaning of applicable securities laws.
Forward-looking statements, by their nature, are based on assumptions
and are subject to important risks and uncertainties. Forward-looking
statements cannot be relied upon due to, amongst other things, changing
external events and general uncertainties of the business and the
capital markets. Actual results may differ materially from results
indicated in forward-looking statements due to a number of factors,
including without limitation, industry, market, credit and economic
conditions, the ability to reduce operating costs and secure financing,
pension issues, energy prices, employee and labour relations, currency
exchange and interest rates, competition, war, terrorist acts, epidemic
diseases, environmental factors (including weather systems and other
natural phenomena, and factors arising from man-made sources),
insurance issues and costs, changes in demand due to the seasonal
nature of the business, supply issues, changes in laws, regulatory
developments or proceedings, pending and future litigation and actions
by third parties as well as the factors identified throughout Air
Canada's public disclosure file available at www.sedar.com. Any forward-looking statements contained in this news release
represent Air Canada's expectations as of the date of this news
release, and are subject to change after such date. However, Air
Canada disclaims any intention or obligation to update or revise any
forward-looking statements, whether as a result of new information,
future events or otherwise, except as required under applicable
securities regulations.
SOURCE Air Canada