Media Advisory - Air Canada President and Chief Executive Officer, Montie Brewer and Executive Vice President and Chief Financial Officer, Michael Rousseau, to present at CIBC World Markets Conference

    MONTREAL, Sept. 22 /CNW Telbec/ - Montie Brewer, President and Chief
Executive Officer and Michael Rousseau, Executive Vice President and Chief
Financial Officer of Air Canada will make a presentation to investors at CIBC
World Markets 7th Annual Eastern Institutional Investor Conference in Montreal
on Wednesday, September 24, 2008.What:     Air Canada presentation to investors at CIBC World Markets 7th
              Annual Eastern Institutional Investor Conference

    When:     Wednesday September 24, 2008 at 10:00 a.m. ET

    Where:    Le Centre Sheraton Hotel, Montreal, Quebec

    Webcast:  Listen-in audio webcast of the presentation will be available
              at: http://events.startcast.com/events/118/institutional2008/Please ensure sufficient time to register prior to the live audio
webcast. No special code or password is necessary.

    The presentation slides and webcast will also be available on Air
Canada's website at http://www.aircanada.com/en/about/investor/index.html.

For further information: Isabelle Arthur (Montréal), [phone];
Peter Fitzpatrick (Toronto), [phone]; Angela Mah (Vancouver), (604)
270-5741; www.aircanada.com