In 1989 the company was partially privatized with the federal government remaining as a minor shareholder for several more years. Today, Air Canada provides scheduled and charter air transportation for passengers and cargo to over 150 destinations, vacation packages to over 90 destinations, as well as maintenance, ground handling and training services to other airlines.
On September 2, 1998 pilots for Air Canada launched the first pilots' strike in company history. In 2000 after acquiring Canada's second largest air carrier, Canadian Airlines, it became the world's twelfth largest commercial airline.
As of 2002, Air Canada provides scheduled and chartered passenger jet service directly to 20 Canadian cities, 35 destinations in the United States and 47 cities in Asia, Australia, the Caribbean, Europe, Mexico, the Southwest Asia, India, and South America. Air Canada averages nearly 740 flights each day, and serves 23 million customers annually. It is a member in the Star Alliance network, a grouping of 14 airlines offering seamless travel worldwide. Together, Star Alliance carriers serve 729 airports in 124 countries. Air Canada has about 40,000 employees and 306 aircraft. Air Canada codeshares services on other Star carriers, such as bmi's Toronto to Manchester, United Kingdom flight.
Air Canada Airbus A330. This colour scheme has been superseded in 2004
On April 12003, Air Canada filed for bankruptcy protection. Air Canada finally emerged from bankruptcy protection on September 30, 2004, 19 months later. ACE Aviation Holdings Inc., is the new parent company under which the reorganized Air Canada is held.
May 19, 1967: McDonnell Douglas DC-8, crashed and burned on a training flight while attempting a three engine landing at Ottawa, Ontario. All 3 crew members were killed. There were no passengers on the flight.
July 5, 1970: (AC621) McDonnell Douglas DC-8 exploded from a fuel line rupture caused by engine 4 striking the runway in Toronto, Ontario during the first landing attempt. All 109 passengers/crew were killed.
June 26, 1978: (AC189) McDonnell Douglas DC-9 overran the runway in Toronto after a blown tire aborted the takeoff. 2 of 107 passengers/crew were killed.
Its safety record rates "A", the highest grade possible, according to Air Rankings Online [1].
Air Canada's parent company, ACE Aviation Holdings Inc. is listed on the Toronto Stock Exchange under the stock symbol, ACE.RV.
Air Canada unveiled a new aircraft colour scheme, and blue uniforms, on 19 October2004. A Boeing 767-300 was painted in a silvery colour with a blue tint. The green tail has been replaced with the same silvery paint, but retains a version of the red maple leaf.
Subsidiaries
In 2001, Air Canada launched Air Canada Tango, which offered no-frills service and lower fares between major cities such as Toronto, Vancouver, Montreal and also to some holiday destinations such as Fort Lauderdale. Tango aircraft were painted with the Air Canada design but in purple. The Tango service was dissolved in 2004.
In 2002, Air Canada launched Zip, a discount airline to compete directly with Westjet on routes in Western Canada. Zip operated as a separate airline with its own staff, and had brightly painted aircraft. It also was disbanded in 2004.
Launched in 2002, Air Canada Jetz still exists as a charter service for sports teams and professionals.