Air Canada to reveal its new expansion plan tomorrow?
Tomorrow Air Canada will hold its annual investor day in Toronto. All senior executives will be there to present the actual situation and what the company’s direction for the coming years.
The Canadian flag carrier gave a good idea of its intention last week when it published two press releases. The first one was about the deployment of a B737MAX8 on a new transatlantic route Montreal-Dublin which was not the original plan, click here. Normally, each new B737Max that comes into service should be used to replace an Airbus A320, but because of the low oil price there is no sense of rushing the old aircrafts out anymore. If you add the fact that the A320’s are paid for, then it is easy to understand that these assets can be very useful to feed more growth.
The other significant news given by Air Canada last week is the agreement with its pilot’s association, click here. Pilots agreed for a new formula that allows Air Canada to increase Rouge narrow-body fleet as long as its main fleet increase, the formula has not been revealed yet. In other words, if Air Canada wants to increase the size of Rouge it has to increase the size of its main fleet first.
So probability is very high that my next text on Air Canada will be about the size of its future expansion.
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