Air Canada said that it recently closed two additional financing transactions for net proceeds of $1.23 billion. Since the start of the COVID-19 pandemic in the first quarter of 2020, Air Canada has raised $5.5 billion of liquidity.
On June 22, 2020, Air Canada completed a private offering of $840 million aggregate principal amount of 9.00% Second Lien Secured Notes due 2024 (the "2024 Notes"), which were sold at 98% of par.
The 2024 Notes are secured obligations of Air Canada, secured on a second lien basis by certain real estate interests, ground service equipment, certain...
Air Canada is kicking off summer by offering a broad selection of entertainment content free to Aeroplan members in Canada.
The carrier is making over 200 titles, including films, shorts and other video from its Canadian partners, available for streaming at no charge until July 22.
Andrew Shibata, managing director of brand at Air Canada, said that: “With summer’s arrival, together with respected Canadian cultural partners, we are making a selection of acclaimed entertainment available at home through streaming to all Aeroplan members based in Canada. Through the great content...
The Greater Toronto Airports Authority (GTAA) -- which operates and maintains Toronto Pearson – has launched its "Healthy Airport" commitment, a comprehensive program that outlines the steps the airport and its partners are taking to be ready for the new realities of air travel, and to lead the aviation industry in advancing the future of healthy travel corridors.
In announcing the new program, the GTAA indicated that the initiative also includes a strategic partnership with BlueDot, a leader in advanced data analytics and technologies to predict and monitor infectious disease...
In Wave 5 of its Travel Safety Barometer report, MMGY Global found that travellers perceptions of safety are rising across all sectors, from domestic and international travel to lodging, cruising, dining & entertainment, transportation and business travel.
MMGY Global’s Travel Safety Barometer measures American travellers’ perceptions of how safe it is to engage in specific travel behaviours on a scale of 0 (Extremely Unsafe) to 100 (Extremely Safe).
With all states in the U.S. currently in some phase of reopening and international destinations also reopening, it appears to...
Ethiopian Airlines has made adjustments to its ticketing. The carrier says that for "booking flexibility and peace of mind we have implemented and expanded the following ticket options":
For passengers with tickets issued on or after March 1 until Aug. 31
* Ethiopian Airlines is extending our offer to waive the change fee on tickets issued for travel between March 1, 2020 to Sept. 30 2020 and extend the validity of the ticket for travel until Dec. 31, 2021.
Changes and reissues are permitted with a waiver of reissue fee.
Passenger can travel during summer 2020 booked in...
GlobalData reports that air bridges are providing tour operators in the United Kingdom with new hope of resuming some form of service this summer, but as overnight domestic travel is still not possible it is clear there that the current situation is as bleak as it has ever been for operators.
The data and analytics company points to TUI and Jet2holidays as just two of the operators to be first to announce that holidays will resume from July 1, 2020 – this followed an extension of cancellations.
GlobalData notes, as well, that it is likely that further cancellations will occur...
Swoop has issued a 'Request for Proposal' (RFP), looking for strategic airport partners in North and Central America and the Caribbean.
The carrier indicated that it is interested in hearing from airports who share an entrepreneurial, consumer-driven mindset to collaborate with the ULCC to stimulate travel and support economic recovery.
Charles Duncan, president of Swoop, said: “We believe the key to recovery lies in strategic collaboration, creativity and innovation to get travellers moving back through airports and into the skies,.”
And Duncan continued: “We are...
It’s hard to believe that it was a little bit over a year ago that Canada’s travel industry was celebrating its supplier Favourites at the second annual Agents’ Choice Awards Gala in Toronto.
But it has been.
Yes, exactly 12 months ago, close to 400 attended the spectacular evening at Toronto’s Arcadian Court, celebrating the 43 Favourite travel suppliers as selected by 6,512 agents from across Canada.
And the energy of the Agents’ Choice Gala celebrations went beyond electric as it took place on the same night that the Toronto Raptors became NBA Champions – the...
IATA has released criteria for the use of COVID-19 testing in the travel process.
The industry association said that should governments choose to introduce COVID-19 testing for travellers arriving from countries considered as high risk, testing must deliver results fast, be able to be conducted at scale, and operate to very high rates of accuracy.
Additionally, it said that testing must be cost-effective and not create an economic or logistical barrier to travel.
ICAO recently published Takeoff guidance which is the global guidance for governments to follow in reconnecting...
WestJet has released details of its updated July schedule, designed to Canadians the chance to enjoy some summer travel while economically supporting communities across the country in safely reopening travel and domestic tourism. As well, WestJet has added flights to select U.S. markets.
And to ensure guests can book with confidence, the airline maintains its stringent Safety Above All hygiene program and continues to provide flexibility in booking, change and cancellation policies.
WestJet’s chief commercial officer, Arved von zur Muehlen said that the newly released schedule...