Air Canada plans to deploy the bulk of its capacity growth toward the transpacific, as opportunities driven by the recovery in that region remain robust.
On top of the committed corporate capital, the fund has raised nearly $500,000 from United customers through contributions made during the booking process.
Canada's flag-carrier will redeploy capacity into the region, shifting some away from the North Atlantic in the fourth quarter and in the first quarter 2024.
Air Canada is opting for Boeing 787-10s after canceling its 777F order but could still convert some of its 777s that will soon retire from passenger service.
While Canada’s largest airline ordered two 777Fs in August 2022 as it expanded its cargo business during and after the pandemic, the cargo market has cooled.
The role of the freighters is to bring freight into Air Canada’s hubs in Toronto, Montreal and Vancouver and connect it to bellies of its passenger aircraft.
Over 300 captain or captain-eligible pilots have transferred to Air Canada from Jazz Aviation over the past year, reports the regional airline’s parent Chorus.