Misplaced Pages

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74-491: On August 13, 2009, Frontier Airlines and Lynx Aviation were purchased by Republic Airways Holdings of Indianapolis, Indiana through an auction held in the US Bankruptcy Court. In the agreement it was accorded that the remaining operation of Lynx Q400 flights for 2011 would be following the air operator's certificate of Frontier Airlines (F9/FFT) to further consolidate in the operation's final phase. In 2012,

148-450: A private member's bill to change the name of the airline from Trans-Canada Airlines to Air Canada , which TCA had long used as its French-language name. This bill failed but it was later resubmitted and passed, with the name change taking effect on 1 January 1965. Elizabeth II , the Queen of Canada , flew on the first aircraft to bear the name and livery of Air Canada when she departed for

222-519: A 7-storey building located on the grounds of Montréal–Trudeau International Airport in Saint-Laurent . In 1975, Air Canada was headquartered at 1 Place Ville-Marie in Montreal. In 1990, the airline moved its headquarters to the airport to cut costs. Air Canada Cargo is the company's freight carrying division based at Toronto-Pearson, offering more than 150 shipping destinations through

296-440: A bankruptcy auction. Republic Airways Holdings incorporated a new subsidiary, "Republic Airline, Inc." (sic), in 1999, but the subsidiary was left as a "shell" company until 2004. On May 26, 2004, an IPO was launched on NASDAQ under the ticker symbol RJET with Wexford Capital remaining the majority shareholder. On February 25, 2016, Republic Airways Holdings Inc filed for bankruptcy protection because of plunging profits,

370-560: A black "mask" surrounding the cockpit windows. In December 2013, Air Canada ordered 61 Boeing 737 MAX single-aisle narrow body aircraft to replace its existing fleet of Airbus A320 series aircraft with the first MAX 8 variant delivered on 2 November 2017. Some Airbus A319s will be transferred to Air Canada's Rouge subsidiary, with the remaining fleet retired. As part of the deal, Boeing purchased 25 Embraer E190s from Air Canada that were retired in 2016. The same year, Air Canada signed an agreement with Bombardier Aerospace to replace

444-455: A carrier other than American. To repair the situation, Republic Airways Holdings activated Republic Airline, and upon Part 121 certification in 2005 allowing Republic Airways to operate commercial service. Republic Airways Holdings then transferred the offending 70-seat regional jets from Chautauqua to Republic Airlines. American was thereby no longer in violation of its pilot union scope clause. Republic Airways Holdings paid US$ 6.6 million to

518-400: A direct bailout of the company, federal finance minister Jim Flaherty instead appointed retired judge James Farley to mediate pension issues between the company, the unions representing its employees, and retirees. Farley had presided over the company's 2003 bankruptcy. In July 2009, Air Canada requested and received CA$ 1 billion in financial aid from a consortium of entities, including

592-603: A few international routes. Originally headquartered in Winnipeg , also the site of its national maintenance base, the federal government moved TCA's headquarters to Montreal in 1949; the maintenance base would later also move east. With the development of the ReserVec in 1953, TCA became the first airline in the world to use a computer reservation system with remote terminals. By 1964, TCA had grown to become Canada's national airline and, in 1964, Jean Chrétien submitted

666-513: A former vice president of Continental Airlines are trying to raise $ 40 million to buy Lynx Aviation and rename it Fly Smart. It would connect Sheridan, Cody, Riverton, Laramie, and Casper with Denver. Lynx Aviation operated to the following destinations within the United States : The first Q400 was delivered on July 20, 2007, and featured a baby lynx named Luke on the tail. The remaining nine aircraft were delivered by year's end. 1 option

740-582: A founding member of the Star Alliance , with the airline launching codeshares with several of the alliance's members. The second half of the 1990s saw the airline earn consistent profits, totalling $ 1 billion for the 1997 to 1999 period. On 2 September 1998, pilots for Air Canada launched the company's first pilots' strike, demanding higher wages. At the end of 1999, the Canadian government relaxed some aviation regulations, aiming to consolidate

814-404: A new retro red and black aircraft livery was launched, to coincide with Air Canada's 80th anniversary and Canada's 150th anniversary of Confederation. The update includes design aspects from the logo used between 1964 and 1992, with an overall white colour scheme, with a black underside, tail fin with red maple leaf rondelle, black "Air Canada" lettering with a red maple leaf rondelle underneath, and

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888-470: A pilot for Mohawk Airlines . Chautauqua was one of the first airlines to fly under code shares , initially with Allegheny Airlines which later became USAirways . In 1988, an affiliate of Guarantee Security Life Insurance Company bought the airline. Three years later, the Florida Department of Insurance took over the insurance company and its airline subsidiary after the insurance company

962-418: A pilot shortage, and a loss of revenue during the past several quarters associated with grounding aircraft. Republic Airways Holdings Inc., announced that it had emerged from bankruptcy protection on April 30, 2017. In 2004, the holding company activated Republic Airline in reaction to a pilots' suit against American Airlines . American had awarded the flying of 44-seat regional jets to Chautauqua, then

1036-504: A single airline, keeping the Frontier Airlines name. On October 23, 2009, Republic announced a joint venture with Mesa Air Group in which Embraer E170 routes operated by Shuttle America were transitioned to smaller Bombardier CRJ200 regional jet aircraft provided by Mesa Airlines . In the fourth quarter of 2011, Republic announced that it would spin off Frontier as a separate company. On December 2, 2013, Frontier

1110-481: A subsidiary of the national government. Deregulation of the Canadian airline market, under the new National Transportation Act, 1987 officially opened the airline market in Canada to equal competition. The carrier's fleet expansion saw the acquisition of Boeing 727 , Boeing 747 , and Lockheed Tristar jetliners. In 1978 Judy Cameron became the first female pilot hired to fly for any major Canadian carrier when she

1184-490: Is a founding member of the Star Alliance . Air Canada's major hubs are at Toronto Pearson International Airport (YYZ), Montréal–Trudeau International Airport (YUL), and Vancouver International Airport (YVR). Canada's national airline originated from the Canadian federal government 's 1936 creation of Trans-Canada Air Lines ( TCA ), which began operating its first transcontinental flight routes in 1938. In 1965, TCA

1258-670: Is an American airline holding corporation based in Indianapolis, Indiana , that owns Republic Airways , an American regional airline operating in the United States , and LIFT Academy, the only flight training academy owned by an airline in the United States. Republic Airways operates a fleet of Embraer 170 and Embraer 175 aircraft. The company traces its roots to Chautauqua Airlines , founded in 1973 in Jamestown, New York , by Joel and Gloria Hall. Joel had been

1332-488: The Allied Pilots Association to settle the issue. To sidestep yet another scope clause issue in 2005, Republic Airways Holdings bought Shuttle America from Wexford affiliate Shuttle Acquisition LLC. To avoid further liability, all Embraer 170 aircraft were transferred to Shuttle America, which previously only operated Saab 340 turboprops. Subsequently, American Airlines and its pilots changed

1406-485: The Companies' Creditors Arrangement Act ; it emerged from this protection on 30 September 2004, 18 months later. During the period of bankruptcy protection, the company was subject to two competing bids from Cerberus Capital Management and Victor Li . The Cerberus bid would have seen former Prime Minister Brian Mulroney installed as chairman, being recruited by Cerberus' international advisory board chair Dan Quayle ,

1480-950: The Government of Canada acquired 6.4% of Air Canada in return for financial support to mitigate the impacts from the COVID-19 pandemic . Air Canada has a fleet of Airbus A330 , Boeing 777 , and Boeing 787 Dreamliner wide-body aircraft on long-haul routes and uses the Airbus A320 family aircraft (including the A319, A320, and A321 variants), Boeing 737 MAX 8 , and Airbus A220-300 aircraft on short-haul routes. The carrier's operating divisions include Air Canada Cargo , Air Canada Express , Air Canada Jetz (private jet charters), and Air Canada Rouge (leisure airline). Its subsidiary, Air Canada Vacations, provides vacation packages to over 90 destinations. Together with its regional partners,

1554-577: The Government of Canada owns approximately 6.4% of Air Canada. Currently, the Air Canada Public Participation Act (ACPPA) limits ownership of Air Canada's voting interests by non-residents of Canada to a maximum of 25%. The Canada Transportation Act (CTA) also requires that Canadians own and control at least 75% of the voting interests of licensed Canadian carriers. Accordingly, Air Canada's articles contain restrictions to ensure that it remains "Canadian" as defined under

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1628-456: The initial public offering completed in October of that year. By this time, long-haul rival CP Air had become Canadian Airlines International following its acquisition by Pacific Western Airlines . On 7 December 1987, Air Canada became the first airline in the world with a fleet-wide non-smoking policy, and in 1989 became completely privatized . The successful privatization program

1702-725: The 777s began in March 2007 and deliveries of the 787s began in May 2014. On 24 April 2007, Air Canada exercised half of its options for the Boeing 787 Dreamliner . The firm order for the Dreamliners then stood at 37 plus 23 options, for a total of 60. The airline also cancelled orders for two Boeing 777Fs. In November 2007, Air Canada leased an additional Boeing 777-300ER . Started in July 2006 and since completed, Project XM: Extreme Makeover ,

1776-558: The Air Canada Signature Suite at Toronto Pearson International Airport . On select North American routes, Air Canada Signature Service is offered on widebody aircraft. In May 2018, Air Canada listed Taiwan as part of China to comply with a requirement of China's civil aviation administration. On 6 June 2018, Air Canada and Air China signed a joint venture, the first joint venture between a North American and Chinese airline. On 16 May 2019, Air Canada announced it

1850-579: The Air Canada airline network, ground logistics and airline partners. Its route network has focused on European destinations through Eastern Canada departure points, along with direct services from Vancouver and Calgary to Frankfurt, London, Paris, and Zurich. In Toronto, a new cargo terminal was completed in early 2002 which featured modernised inventory and conveyor systems. Cargo terminals are also found in Vancouver and Montreal. On 17 April 2023,

1924-707: The CTA. Prior to 1976, Air Canada was a department of the Canadian National Railway (CNR), helmed by a department head who reported to the President of CNR. Since 1976, the following have been CEO and President: By federal law ( Air Canada Public Participation Act ), Air Canada is obligated to keep its head office in Montreal. Its corporate headquarters is Air Canada Centre (French: Centre Air Canada ), also known as La Rondelle ("The Puck" in French),

1998-418: The Canadian airline industry. That year, American Airlines in conjunction with Canadian financial company Onex Corp, launched takeover bids for ailing rival Canadian Airlines and Air Canada, spurring Air Canada to submit a competing offer for its largest rival. In January 2000, Air Canada acquired Canada's second-largest air carrier, Canadian Airlines International , merging the latter's operations, becoming

2072-505: The Canadian government, ACE, and associate company Aeroplan. The Centre for Aviation reported that only CA$ 600 million was actually loaned to Air Canada; the rest of the money was from sale-leaseback accounting and "aggregating an array of biscuit-tin savings". In December 2010, ACE sold 44 million Air Canada shares, followed by the remaining 31 million shares in November 2012 to Cormark Securities Inc. On 9 February 2017,

2146-549: The E190s with Airbus A220/CSeries aircraft from 2019. In July 2017, Air Canada reintroduced Premium Economy on its North American wide-body flights. In April 2018, Air Canada rebranded its international business class cabin as Air Canada Signature Class. Passengers could expect an enhanced menu, including the new Air Canada Signature Cocktail, as well as new amenity kits, a chauffeur service (using BMW vehicles) at its hubs during domestic to international connections, and access to

2220-475: The Government of Canada's decision to lift remaining COVID-19 restrictions, including requirements for wearing masks on aircraft, testing and quarantine, and the compulsory use of ArriveCAN beginning 1 October 2022 and noted that the measures were not justified by science. Air Canada had been loss-making for several years, but was profitable from 2012; however, due to the impact of the COVID-19 pandemic ,

2294-497: The Lynx Aviation operation was folded into Republic Airways Holdings subsidiary Republic Airways . The remaining Q400 aircraft were withdrawn from Frontier service and placed in service for United Airlines . Lynx Aviation was formed by Frontier Airlines Holdings on September 6, 2006. It was formed to help reduce costs; Frontier hoped to cut costs on routes 650 miles or shorter by 30%, allowing entry into new markets. The plan

Lynx Aviation - Misplaced Pages Continue

2368-760: The Pacific coast. Using $ 5 million in Crown seed money, two Lockheed Model 10 Electras and one Boeing Stearman biplane were purchased from Canadian Airways and experienced airline executives from United Airlines and American Airlines were brought in. Passenger flights began on 1 September 1937, with an Electra carrying two passengers and mail from Vancouver to Seattle , a $ 14.20 round trip, and, on 1 July 1938, TCA hired its first flight attendants. Transcontinental routes from Montreal to Vancouver began on 1 April 1939, using 12 Lockheed Model 14 Super Electras and six Lockheed Model 18 Lodestars . By January 1940,

2442-853: The Republic Airways certificate. As part of the merger process, Republic Airways Holdings also announced that it would be seeking a single aircraft type, and began to phase out the E-145 aircraft from the Shuttle Certificate with the final flight taking place on September 30, 2016. Additionally, Republic Airways Holdings also announced it would begin to phase out the Q-400 flying on the Republic Airlines certificate. The final Q-400 flight took place on March 31, 2016. After minor delays, Republic Airline and Shuttle America completed

2516-523: The Shuttle America operating certificate. This would leave only two subsidiaries, Republic Airlines and Shuttle America, flying under Republic Airways Holdings. In 2015, it was announced that Republic Airways Holdings would begin to merge existing subsidiaries Shuttle America and Republic Airlines, with the merger completed by January 31, 2017. As 2015 ended, subsidiary Shuttle America began to transfer aircraft, flight attendants, and pilots over to

2590-571: The United Kingdom at the end of her 1964 tour of Prince Edward Island, Quebec, and Ontario. During the 1970s, government regulations ensured Air Canada's dominance over domestic regional carriers and rival CP Air . Short-haul carriers were each restricted to one of five regions, and could not compete directly with Air Canada and CP Air. CP Air was subject to capacity limits on intercontinental flights, and restricted from domestic operations. Air Canada's fares were also subject to regulation by

2664-522: The acquisition by Air Canada on that basis. The agreement was revised downwards in October 2020 to CA$ 5 per share, reflecting the challenges posed to the airline industry by the COVID-19 pandemic . The plan was "expected to face intense scrutiny from the Competition Bureau and other regulatory authorities, including in Europe", according to CBC News. While the Government of Canada approved

2738-409: The airline had grown to about 579 employees. Canadian Pacific Airlines (CP Air) suggested in 1942 a merger with TCA. Prime Minister William Lyon Mackenzie King rejected the proposal and introduced legislation regulating TCA as the only airline in Canada allowed to provide transcontinental flights. With the increase in air travel after World War II , CP Air was granted one coast-to-coast flight and

2812-465: The airline operates on average more than 1,613 scheduled flights daily. 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. 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

2886-545: The airline's operations, reduced management positions, moved the corporate headquarters to Dorval Airport , and sold the enRoute card business to Diners Club in 1992. By 1994, Air Canada returned to profitability. The same year also saw the carrier winning route access to fly from Canada to the new Kansai Airport in Osaka, Japan. In 1995, taking advantage of a new US-Canada open skies agreement, Air Canada added 30 new trans-border routes. In May 1997, Air Canada became

2960-633: The airline. The Boeing 747-400 fleet was replaced by the Airbus A340 fleet. On 19 October 2004, Air Canada unveiled a new aircraft colour scheme and uniforms. A Boeing 767-300ER was painted in the new silver-blue colour, and the dark green/almost black tail was replaced with a new version of the maple leaf known as the 'Frosted Leaf'. On 9 November 2005, Air Canada agreed to renew its widebody fleet by purchasing 16 Boeing 777s (10 -300ERs, 6 -200LRs), and 14 Boeing 787-8s . It placed options on 18 Boeing 777s and 46 Boeing 787-8s and -9s. Deliveries of

3034-546: The company was again loss-making in 2020. The key trends for the Air Canada group, including Air Canada Express and Air Canada rouge , are (years ending 31 December): Air Canada became fully privatized in 1989, and its variable voting shares are traded on the Toronto Stock Exchange (TSX:AC), and, since 29 July 2016, on OTCQX International Premier in the US under the single ticker symbol "ACDVF". As of April 2021,

Lynx Aviation - Misplaced Pages Continue

3108-580: The company, as it is no longer featured as a customer for Airbus according to its latest backlog figures. It had originally ordered the jets in 2010, when they were still known as Bombardier CS300s. 30 (Transfers from Compass) Air Canada Air Canada is the flag carrier and the largest airline of Canada , by size and passengers carried. Air Canada is headquartered in the borough of Saint-Laurent , Montreal , Quebec . The airline, founded in 1937, provides scheduled and charter air transport for passengers and cargo to 222 destinations worldwide. It

3182-429: The country began lifting pandemic-era restrictions, Air Canada announced it was cancelling over 150 daily flights in the summer due to unprecedented and unexpected pressure in the aviation industry. In April 2021, the Government of Canada acquired 6.4% of Air Canada as a part of a $ 5.9 billion COVID-19 related assistance package, and has not ruled out further investment. In September 2022, Air Canada welcomed

3256-483: The earlier Republic Airlines has no historic ties to the new company other than the name. Wexford Management of Greenwich, Connecticut , an investment company, bought the holding company on May 15, 1998. Wexford had already owned National Airlines and was also invested heavily in Midway Airlines . Wexford’s interest in distressed airline firms dates back to 1995 when the assets of MarkAir were purchased in

3330-400: The final step in the merger process; the merger was completed on January 31, 2017. As of January 31, 2017, Republic Airways Holdings, through its subsidiary Republic Airways, operates the largest fleet of Embraer 170 and Embraer 175 aircraft in the world. On August 8, 2019, it was reported that Republic Airways Holdings appeared to have cancelled the order for 40 Airbus A220-300s long-held by

3404-551: The first North American customer for the Bombardier CSeries regional jet. In 2014, following delays in the CS300 program, Republic expressed doubts in keeping their CS300 order, but announcement that a final decision would be put off. In September 2014 Republic confirmed that their order for 40 Cseries aircraft was still in place, despite ongoing technical issues. As part of the 2016 bankruptcy proceedings, an agreement

3478-711: The first quarter of 2009. President and CEO Montie Brewer expressed confidence that the airline would weather the economic downturn. Brewer resigned on 30 March 2009 and was replaced by Calin Rovinescu on 1 April. Rovinescu became the first Canadian President since Claude Taylor in 1992. Rovinescu, reported to be "an enforcer", was Air Canada's chief restructuring officer during its 2003 bankruptcy; he resigned that year after unions rejected his demands. Air Canada's contracts with four unions also expired around this time. The airline stated that its $ 2.85 billion pension shortfall (which grew from $ 1.2 billion in 2007)

3552-505: The former vice-president of the United States. Cerberus was rejected because it had a reputation of changing existing employee pension agreements, a move strongly opposed by the CAW . At first, Air Canada selected Victor Li's Trinity Time Investments , which initially asked for a board veto and the chairmanship in return for investing $ 650 million in the airline. Li, who holds dual citizenship from Canada and Hong Kong, later demanded changes to

3626-414: The government. In 1976, with reorganization at CNR, Air Canada became an independent Crown corporation . The Air Canada Act of 1978 ensured that the carrier would compete on a more equal footing with rival regional airlines and CP Air, and ended the government's direct regulatory control over Air Canada's routings, fares, and services. The act also transferred ownership from Canadian National Railway to

3700-694: The interim, these routes were flown with existing aircraft flown by Republic Airlines and Horizon Air , and beginning in November 2007 aircraft flown by ExpressJet Airlines. On December 5, 2007, Lynx Aviation received its Airline Operating Certificate from the FAA. Lynx began passenger operations December 7, 2007. On April 11, 2008, Frontier Airlines Holdings announced that it and all of its subsidiaries had filed for Chapter 11 bankruptcy protection due to its credit card processor withholding payment from ticket sales. On April 23, 2008, Frontier terminated their service agreement with Republic Airlines. This left Lynx as

3774-426: The main operating subsidiary of Republic Airways Holdings. However, Chautauqua later started to operate 70-seat regional jets on behalf of another major airline, and this caused American to be in violation of its pilot union scope clause , which prevented another airline from operating on behalf of American if that airline was operating jet aircraft of more than 50 seats, even if such aircraft were operating on behalf of

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3848-703: The merger process on the morning of January 31, 2017. At that time, all Shuttle America aircraft and employees began operating under the Republic Airline certificate, and parent company Republic Airways Holdings surrendered the Shuttle America Certificate back to the FAA. Following is a breakdown of traffic upon all Republic Airways Holdings airlines as of April 18, 2017. As of January 2017, Republic Airways Holdings, through its subsidiary Republic Airways , operates 185 regional aircraft. In February 2010, Republic Airways Holdings became

3922-569: The new parent company under which the reorganized Air Canada was held. In October 2004, Canadian singer Celine Dion became the face of Air Canada, hoping to relaunch the airline and draw in a more international market after 18 months of bankruptcy protection. She recorded her single, " You and I ", which subsequently appeared in several Air Canada commercials. On 31 October 2004, the last Air Canada Boeing 747 flight landed in Toronto from Frankfurt as AC873, ending 33 years of 747 service with

3996-486: The only regional providing feeder service for Frontier. In May 2011, Frontier Airlines got rid of the final 4 Q400s in the fleet that were converted into United Express planes that are still operated by Republic Airlines out of Denver to similar destinations that Lynx served. On February 4, 2010, Republic Airways announced their intent to close Lynx by September 2010, and transitioning the routes operated by Lynx to Republic Embraer 170 /190 regional jets , after determining

4070-512: The pension plan (which was not in his original takeover bid), but since the unions refused to budge, the bid was withdrawn. Finally, Deutsche Bank unveiled an $ 850 million financing package for Air Canada, if it would cut $ 200 million in annual costs in addition to the $ 1.1 billion that the unions agreed on in 2003. The offer was accepted after last-minute talks between CEO Robert Milton and CAW president Buzz Hargrove resulted in union concessions. ACE Aviation Holdings became

4144-754: The scope agreement as part of the bankruptcy and merger with US Airways to allow more regional airlines, other than wholly owned American Airlines subsidiary American Eagle (now Envoy Air ), to fly larger regional airliners under the American Eagle brand. Republic Airlines began flying the first of 47 Embraer 175 aircraft under the American Eagle brand in July 2013. In September 2005, Republic purchased 113 slots at Ronald Reagan Washington National Airport , 24 slots at LaGuardia Airport , and ten Embraer 170 aircraft from US Airways with an agreement to lease those assets back to US Airways . The deal

4218-477: The summer. In its first quarterly financial report, Air Canada announced it had lost CA$ 1.05 billion, compared to a profit of CA$ 345 million in Q1 2019. The airline similarly suffered in the third quarter, reporting a loss of CA$ 685 million. It stated capacity in the fourth quarter of the 2020 fiscal year would be 75 percent lower than the previous year. In June 2022, after the provincial governments across

4292-518: The takeover on 11 February 2021, it was dropped in April 2021 following a failure to secure European Commission approval. Travel restrictions caused by the COVID-19 pandemic forced Air Canada to heavily restrict service. On 18 March 2020, the airline announced it would suspend most of its flights by 31 March. Service began to return to normal on 22 May, with flights to more cities being added over

4366-721: The turboprop aircraft operated by Lynx placed the company at a competitive disadvantage carrying the same number of passengers. The closure would result in the loss of about 175 jobs, although those laid off would be offered new jobs at Republic or Frontier. To this end, Republic said that it would remove three aircraft from Lynx's fleet on April 6, with a further three scheduled to leave the fleet on April 19. Additionally, service to Tulsa and Fargo would be terminated on April 5. On 19 August 2010, Frontier announced that Lynx would continue operations between Denver and three Colorado cities— Aspen , Durango and Colorado Springs —using three Bombardier Q400 aircraft, though this service

4440-484: The world's twelfth-largest airline in the first decade of the 21st century. As Air Canada gained access to its former rival's financial statements, officials learned that the carrier was in worse financial shape than was previously believed. An expedited merger strategy was pursued, but in summer 2000 integration efforts led to flight delays, luggage problems and other frustrations. Service improved following Air Canada officials' pledge to do so by January 2001. The airline

4514-429: Was a "liquidity risk" in its first-quarter report, and it required new financing and pension "relief" to conserve cash for 2010 operations. The company was obligated to pay $ 650 million into the pension fund but it suffered a 2009 Q1 loss of $ 400 million, so it requested a moratorium on its pension payments in 2009. The unions had insisted on financial guarantees before agreeing on a deal. Rejecting union calls for

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4588-570: Was a $ 300 million aircraft interior replacement project to install new cabins on all aircraft. New aircraft such as the Boeing 777 were delivered with the new cabins factory installed. New cabin features included: High fuel prices and the Great Recession caused Air Canada significant financial difficulties in the late 2000s. In June 2008, the airline announced it would lay off over 2,000 employees and cut its capacity by 7 percent by

4662-452: Was confronted by the global aviation market downturn and increased competition, posting back-to-back losses in 2001 and 2002. As Air Canada had employed a scorched earth policy to prevent the Onex proposed acquisition as one of its lines of defense, it had burdened itself with onerous contracts with almost all of its suppliers. As a result, on 1 April 2003, Air Canada filed for protection under

4736-449: Was declared insolvent. In 1994, Chautauqua swapped routes with Jetstream International which had been owned by USAir . Chautauqua then moved its headquarters to Indianapolis. In 1998, the company formally organized as a holding company, with Chautauqua as its only subsidiary . The holding company capitalized on the name Republic from Republic Airlines of the 1980s because it had better national recognition than Chautauqua. However,

4810-480: Was exercised. The remaining 9 options on the aircraft were then declined with the exception of one that was delivered in August 2009. During 2010, the fleet was reduced to four aircraft, and Republic committed to flying them through April 2011. The aircraft were then sold to Air Canada for their Air Canada Express service (operated by Jazz Air ). Republic Airways Holdings Republic Airways Holdings, Inc.

4884-653: Was expected to end in April 2011. In January 2011, it was announced that four Lynx Q400s would continue to operate indefinitely. Lynx Aviation was eventually merged into Republic Airways with 4 remaining Q400's. After Pinnacle holdings closed Colgan, Republic began to take on the ex-Colgan Q-400s and began operating for United. Competing against Republic Airways' own Frontier airlines. Former Western Airlines pilot and chief operating officer of ATA Airlines Inc., Bill Beal; former Sun Country Airlines and Great Lakes Airlines executive Nick Wangler, and, Steven Westberg, former chief financial officer of Midway Airlines and

4958-414: Was hired to fly by Air Canada. With new fleet expenditures outpacing earnings, Air Canada officials indicated that the carrier would need additional sources of capital to fund its modernization. By 1985 the Canadian government was indicating a willingness to privatize both Canadian National Railways and Air Canada. In 1988, Air Canada was privatized, and 43% of shares were sold on the public market, with

5032-416: Was in exclusive talks to buy Transat A.T. , the parent company that owns Air Transat , for CA$ 520 million. On 27 June 2019, Transat A.T. agreed to be purchased by Air Canada for CA$ 13 per share. On 11 August 2019, Air Canada raised the purchase price of Transat A.T. to CA$ 18 per share. The overall value of the deal was now $ 720 million. On 23 August 2019, 95% of Transat A.T. shareholders approved

5106-592: Was led by the President and CEO, Pierre J. Jeanniot. The associated extensive communication activities were aided by the Non-Executive Chairman, Claude I. Taylor. In the early 1990s, Air Canada encountered financial difficulties as the airline industry slumped in the aftermath of the Persian Gulf War . In response, the airline restructured management by hiring former Delta Air Lines executive Hollis L. Harris as its CEO. Harris restructured

5180-493: Was necessary for US Airways to emerge from bankruptcy protection. In July 2009, Republic acquired 89 percent of Mokulele Airlines and financially troubled Midwest Airlines . In October 2009, the company acquired Frontier Airlines which was being reorganized along with Frontier Airlines Holdings ' Lynx Aviation in Chapter 11 bankruptcy. On April 13, 2010, Republic announced that Midwest and Frontier would combine into

5254-584: Was originally to begin service in May 2007. The carrier received a waiver from the United States Department of Transportation to begin selling seats prior to receipt of their Airline Operating Certificate from the Federal Aviation Administration . Plans were delayed when Frontier announced on September 4, 2007 that FAA certification would not be met in time for the initial launch date of Lynx Aviation service. In

5328-571: Was reached with Bombardier to amend the order for its CSeries aircraft by deferring payments and deliveries. On September 17, 2014, Republic Airways Holdings announced it would stop flying Bombardier Q400 turboprops in 2016. The last Q400 was retired in March 2016. On September 30, 2016, the Embraer 145 fleet was retired. On December 1, 2016, all remaining aircraft operating under the Shuttle America certificate were to be transferred to Republic Airlines as Shuttle America ceased operations as part of

5402-472: Was renamed Air Canada following government approval. After the deregulation of the Canadian airline market in the 1980s, the airline was privatized in 1988. On 4 January 2000, Air Canada took over its largest rival, Canadian Airlines . In 2003, the airline filed for bankruptcy protection and in the following year emerged and reorganized under the holding company ACE Aviation Holdings Inc. In 2019, Air Canada flew 51.5 million passengers. In October 2021,

5476-437: Was sold in its entirety to an affiliate of Indigo Partners. As part of the agreement, Republic Airlines removed the remaining Frontier branded Embraer 190 jets in "pro-rated" service with Frontier Airlines. On July 28, 2014, Republic Airways Holdings announced that Chautauqua Airlines would be absorbed into Shuttle America "by year-end" to reduce costs. Chautauqua's only remaining aircraft, 41 ERJ-145s , would be transferred to

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