Canada's national airline originated from the
Canadian federal government's 1936 creation of
Trans-Canada Airlines (TCA), which began operating its first
transcontinental flight routes in 1938. In 1965, TCA was renamed Air Canada following government approval. Following the 1980s
deregulation of the Canadian airline market, the airline was privatized in 1988. In 2001, Air Canada acquired its largest rival,
Canadian Airlines. In 2003, the airline filed for
bankruptcy protection and, the following year, emerged and reorganized under the holding company
ACE Aviation Holdings Inc. In 2006, 34 million people flew with Air Canada as the airline celebrated its 70th anniversary.
http://en.wikipedia.org/wiki/Air_Canada_Cargo
It's a penny stock for cripes sake
It's time to stop funding Air Canada
Enough is enough! They are no longer the taxpayers responsibility and management should sit down, review all routes and determine which ones are profitable and maintain them, while letting others, more capable, operate the routes you are a failure at.
The only reason they are an essential service is because the Federal Government refuses to allow competive airlines access to their major routes.
I wonder what would be wrong with Air Canada selling off or licensing others to take over certain exclusive routes???
Please let the cards fall where they may.
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