Mr. Calin Rovinescu reports

MEDIA ADVISORY - AIR CANADA TO PRESENT FIRST QUARTER 2017 RESULTS

Air Canada will hold a conference call for analysts on Friday, May 5, 2017, to present its first quarter 2017 results. Air Canada president and chief executive officer Calin Rovinescu, executive vice-president and chief financial officer Michael Rousseau, and president of passenger airlines Benjamin Smith will be available for analysts' questions. Following the analysts' questions, Mr. Rousseau and Pierre Houle, managing director and treasurer, will be available to answer questions from holders of Air Canada bonds and term loan B lenders. Media and the public may access this call on a listen-in basis. Details are as follows.

Analyst conference call/audio webcast:

Date:  Friday, May 5, 2017

Time:  8:30 a.m. ET

By telephone:  1-800-377-0758 toll-free or 416-340-2219 for the Toronto area; please allow 10 minutes to be connected to the conference call

Webcast:  on-line; note: this is a listen-only audio webcast; Media Player or Real Player is required to listen to the broadcast; please download well in advance of the call

Replay:  Instant replay will be available beginning approximately one hour after the call and until 12 a.m. ET on Friday, July 28, 2017. Dial 905-694-9451 or 1-800-408-3053 toll-free and enter the passcode 9630688, followed by the pound symbol.

First quarter 2017 results will be released prior to the opening of markets and the conference call on Friday, May 5, 2017.