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Enter Symbol
or Name
USA
CA



Air Canada
Symbol AC
Shares Issued 273,243,286
Close 2018-04-11 C$ 25.00
Market Cap C$ 6,831,082,150
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Globe/wire say Air Canada, others see Norwegian delay

2018-04-11 07:15 ET - In the News

Also In the News (C-TRZ) Transat AT Inc
Also In the News (C-WJA) WestJet Airlines Ltd

The Globe and Mail reports in its Wednesday edition that Norwegian Air Shuttle ASA has shelved flights between Europe and Canada until next year thanks to delivery delays afflicting Boeing's 737 Max narrow-body jets. A Bloomberg dispatch to The Globe says that Norwegian is targeting spring 2019 following a slippage of about four weeks in the handover of two 737s, Norwegian Air chief executive officer Bjorn Kjos told Bloomberg. Ticket sales had been authorized to start last month with flights due from July 23. "We got a slight delay, not much, but it gave us a month shorter presale period," Mr. Kjos said at the carrier's headquarters in Fornebu, near Oslo, adding that the hitch stems from issues with 737 engines made by the CFM International venture of General Electric and France's Safran SA. GE aero-engines chief David Joyce said on March 14 that CFM deliveries to Boeing and for Airbus's rival A320neo were about six weeks behind schedule. That delay has now been reduced to "about a month." Canadian routes would compete with North Atlantic flights at low-cost carriers Air Transat and WestJet Airlines, as well as Air Canada's no-frills Rouge arm and numerous full-service operators.

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