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In 2002, Aeroplan was spun off as a wholly owned subsidiary of Air Canada. In June 2005, Air Canada's parent company, ACE Aviation Holdings, sold 12.5% of Aeroplan for $250 million through an initial public offering, thereby creating the world's first publicly traded loyalty program, Aeroplan Income Fund, at a valuation of $2 billion.
Air Canada's predecessor, Trans-Canada Air Lines (TCA), was created by federal legislation as a subsidiary of Canadian National Railway (CNR) on 11 April 1937. [16] [17] The newly created Department of Transport under Minister C. D. Howe desired an airline under government control to link cities on the Atlantic coast to those on the Pacific coast.
The International Air Transport Association states that at the close of 2009, there were 86 BSP's covering more than 160 countries worldwide, while at the close of 2011, there were 88 BSPs, covering 176 countries and territories serving about 400 airlines, with gross sales processed amounting to US$249 billion. [2]
Subsequent to the merger with Canadian Airlines International, Air Canada operated these aircraft in a mainline two-class configuration, as well as in an all-economy class configuration with the Air Canada Tango and the Zip low-cost carrier brands. In 2020, Air Canada retired their entire Embraer E190 and Boeing 767-300ER fleets.
Air Canada is the largest airline and flag carrier of Canada. [1] Founded in 1937 as Trans-Canada Air Lines , it provides scheduled services to 195 destinations on six continents. Its largest hub is Toronto Pearson International Airport , followed by Montréal–Trudeau International Airport and Vancouver International Airport .
Alaska Airlines launched Flight Pass, a subscription service with two tiers to be redeemed for 6, 12 or 24 nonstop trips a year. Alaska Airlines launched Flight Pass, a subscription service with ...
Air Canada restarted seasonal flights to London-Heathrow in May 2010. The company employed an Airbus A319 on the route. [19] In 2014, Air Canada began flying year-round to London. [20] It later started operating the flight with a Boeing 737 MAX. The airline suspended the link after the plane was grounded in March 2019. [21] [22]
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