Air Canada Confirms Business as Usual Following Pilot Vote, Welcomes Appointment of Co-Mediators

MONTREAL, Feb. 14, 2012 /CNW Telbec/ - Air Canada confirmed it is business as usual for the airline and that its customers can continue to book Air Canada flights with confidence, following the announcement today of voting results by the Air Canada Pilots Association (ACPA) which gave union leadership a strike mandate if a tentative agreement is not reached.  ACPA represents approximately 3,000 pilots employed by Air Canada.

"We welcome the Minister's appointment of the Honourable Justice Louise Otis and Mr. Jacques Lessard, Acting Director General - Federal Mediation and Conciliation Service, as co-mediators pursuant to Section 105 of the Canada Labour Code.  We are committed to a negotiated settlement with our pilots and look forward to a final resolution to these long-standing negotiations. It is business as usual, and customers can continue to make their travel plans and book with confidence," said Duncan Dee, Executive Vice President and Chief Operating Officer.

Air Canada has been in negotiations with ACPA since October 2010.  Following the rejection of a first tentative agreement reached in March 2011, conciliator-facilitated talks resumed in November 2011.

CAUTION REGARDING FORWARD-LOOKING INFORMATION 

Air Canada's public communications may include forward-looking statements within the meaning of applicable securities laws. Forward-looking statements, by their nature, are based on assumptions and are subject to important risks and uncertainties, including those described below. Forward-looking statements cannot be relied upon due to, amongst other things, changing external events and general uncertainties of the business. Actual results may differ materially from results indicated in forward-looking statements due to a number of factors, including without limitation, industry, market, credit and economic conditions, the ability to reduce operating costs and secure financing, pension issues, energy prices, employee and labour relations, currency exchange and interest rates, competition, war, terrorist acts, epidemic diseases, environmental factors (including weather systems and other natural phenomena and factors arising from man-made sources), insurance issues and costs, changes in demand due to the seasonal nature of the business, supply issues, changes in laws, regulatory developments or proceedings, pending and future litigation and actions by third parties as well as the factors identified throughout Air Canada's public disclosure file available at www.sedar.com. Any forward-looking statements contained in this news release represent Air Canada's expectations as of the date of this news release and are subject to change after such date. However, Air Canada disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required under applicable securities regulations.


SOURCE AIR CANADA

For further information:

Isabelle Arthur (Montréal)  514 422-5788
Peter Fitzpatrick (Toronto)  416 263-5576
Angela Mah (Vancouver)  604 270-5741

Internet :  aircanada.com

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