Air Canada Comments on Competition Bureau Agreement

MONTREAL, Oct. 24, 2012 /CNW Telbec/ - Air Canada said today that it, together 
with United Continental Holdings Inc., United Air Lines Inc. and Continental 
Airlines Inc. have reached an agreement with Canada's Commissioner of 
Competition (the "Commissioner") which settles the Notice of Application filed 
by the Commissioner opposing a proposed Canada-U.S. transborder joint venture 
by the airlines as well as aspects of the airlines' existing transborder 
cooperation arrangements. The conclusion of this agreement preserves, subject 
to agreed conditions, the airlines' existing commercial arrangements and their 
ability to create a transborder joint venture. 
"Air Canada is pleased this matter has been settled and that an agreement has 
been reached that preserves our longstanding commercial relationship with our 
alliance partner, United Airlines, while providing the flexibility to continue 
building on this relationship for the benefit of both airlines and our 
customers," said Ben Smith, Air Canada's Executive Vice President and Chief 
Commercial Officer. "Air Canada has cooperated extensively with the 
Commissioner throughout this process, and will continue to comply with all 
applicable regulatory requirements of the jurisdictions in which we operate. 
"This agreement re-confirms that the long-standing alliance relationship 
between Air Canada and United which has provided more efficient and convenient 
service to customers will continue to be conducted in accordance with all 
applicable laws. 
"In addition, this agreement provides the flexibility to implement a 
Canada-U.S. transborder joint venture, an increasingly common practice in the 
global aviation industry, and one that is an important competitive 
consideration as the industry continues to evolve." 
Air Canada is Canada's largest domestic and international airline serving more 
than 175 destinations on five continents. Canada's flag carrier is the 15th 
largest commercial airline in the world and in 2011 served more than 33 
million customers. Air Canada provides scheduled passenger service directly 
to59 Canadian cities, 56 destinations in the United States and63 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 1,356 destinations in193 
countries. In 2012, Air Canada was ranked Best International Airline in North 
America in a worldwide survey of more than 18 million airline passengers 
conducted by independent research firm Skytrax. 
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. 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 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. 
IsabelleArthur (Montréal)514 422-5788 PeterFitzpatrick 
(Toronto)416 263-5576 AngelaMah (Vancouver)604 270-5741 
Internet:aircanada.com 
SOURCE: AIR CANADA 
To view this news release in HTML formatting, please use the following URL: 
http://www.newswire.ca/en/releases/archive/October2012/24/c9582.html 
CO: AIR CANADA - CORPORATE - FINANCE
ST: Quebec
NI: AIR LAW VERDICTS LAWVIEWS VNT  
-0- Oct/24/2012 13:16 GMT