Air Canada announces adoption of Advance Notice By-law

MONTREAL, March 27, 2014 /CNW Telbec/ - Air Canada announced today that its 
board of directors approved the adoption of an advance notice by-law (the 
"Advance Notice By-law"), establishing a framework for advance notice of 
nominations of directors by shareholders of Air Canada. Among other things, 
the Advance Notice By-law fixes certain deadlines by which shareholders must 
submit a notice of director nominations to Air Canada prior to any annual or 
special meeting of shareholders where directors are to be elected and sets 
forth the information that must be included in the notice. 
The Advance Notice By-law provides a clear process for shareholders to follow 
for director nominations and sets out a reasonable time frame for the 
submissions of nominees and the accompanying information. The Advance Notice 
By-law will help to ensure that all shareholders receive adequate notice of 
the nominations to be considered at a meeting and can thereby exercise their 
voting rights in an informed manner. The Advance Notice By-law is similar to 
the advance notice by-laws adopted by many other Canadian public companies. 
More specifically, the Advance Notice By-law requires advance notice to the 
Corporation in circumstances where nominations of persons for election as a 
director of Air Canada are made by shareholders other than pursuant to (i) a 
requisition of a meeting made pursuant to the provisions of the Canada 
Business Corporations Act (the "Act"), or (ii) a shareholder proposal made in 
accordance with the provisions of the Act. 
In the case of an annual meeting of shareholders, notice to the Corporation 
must be given not less than 30 or more than 65 days prior to the date of the 
annual meeting. In the event that the annual meeting is to be held on a date 
that is less than 50 days after the date on which the first public 
announcement of the date of the annual meeting was made, notice may be given 
not later than the close of business on the 10th day following such public 
In the case of a special meeting of shareholders (which is not also an annual 
meeting), notice to the Corporation must be given not later than the close of 
business on the 15th day following the day on which the first public 
announcement of the date of the special meeting was made. 
The Advance Notice By-law is effective immediately and will be placed before 
shareholders for approval, confirmation and ratification at the next annual 
and special meeting of shareholders of the Corporation to be held on May 15, 
2014. The full text of the Advance Notice By-law is available under Air 
Canada's profile at 
About Air Canada 
Air Canada is Canada's largest domestic and international airline serving more 
than 180 destinations on five continents. Canada's flag carrier is among the 
20 largest airlines in the world and in 2013 served more than 35 million 
customers. Air Canada provides scheduled passenger service directly to 60 
Canadian cities, 49 destinations in the United States and 72 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: 
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, and, in respect of 
the Advance Notice By-law, the obtaining of the required shareholder approval 
at Air Canada's May 15, 2014 annual and special meeting of shareholders or any 
adjournment or postponement thereof. 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. In particular, the 
Advance Notice By-law will cease to be effective if it is rejected by 
shareholders at Air Canada's May 15, 2014 annual and special meeting of 
shareholders. 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 
IsabelleArthur (Montréal)514 422-5788 PeterFitzpatrick 
(Toronto)416 263-5576 AngelaMah (Vancouver)604 270-5741 
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CO: Air Canada - Corporate - Finance
ST: Quebec
-0- Mar/27/2014 20:30 GMT
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