Mr. Michael Rousseau reports

AIR CANADA TO ACQUIRE 18 BOEING 787-10 DREAMLINER AIRCRAFT UNDER ONGOING FLEET RENEWAL AND FUEL EFFICIENCY DRIVE

Air Canada has placed a firm order with The Boeing Company for 18 Boeing 787-10 Dreamliner aircraft. Deliveries of the new aircraft are scheduled to begin in the fourth quarter of 2025, with the last aircraft scheduled for delivery in Q1 2027. They will be used to replace older, less-efficient wide-body aircraft currently in the Air Canada fleet. The agreement also includes options for another 12 Boeing 787-10 aircraft, which will provide flexibility for growth to meet future customer demand.

"Air Canada has made investing in the passenger experience a core priority. Our experience shows customers greatly enjoy flying on the Dreamliner, so we are pleased to offer them a larger version of this popular aircraft, which will premiere a new, state-of-the-art interior cabin design. As importantly, the 787 is highly fuel efficient and will generate operational savings as well as support our sustainability goals of reducing emissions," said Michael Rousseau, president and chief executive officer of Air Canada.

Air Canada currently operates 30 787-9 and eight 787-8 versions of the Dreamliner, with two more 787-9 aircraft scheduled for delivery from a previous order. The 787-10 is the largest model of the Dreamliner family and can carry more than 330 customers, depending on the seat configuration, and has 175 cubic metres (6,187 cubic feet) of cargo volume. The Dreamliner provides exceptional passenger comfort with enhanced cabin pressurization and humidity controls, and the largest dimmable windows of any commercial aircraft. According to Boeing, the 787-10 has up to 25 per cent lower fuel emissions per seat than the aircraft it replaces.

Fleet renewal

The acquisition of the new aircraft is part of a continuing fleet renewal program at Air Canada, with the airline continuing to take delivery of new Airbus A220 aircraft, as well as plans to acquire 28 extra-long-range (XLR) versions of the Airbus A321neo aircraft, also beginning in 2025. In addition, as previously announced, Air Canada has finalized a purchase agreement for 30 ES-30 electric-hybrid aircraft under development by Heart Aerospace, which are expected to enter service in 2028.

The Boeing 787-10 aircraft order placed with Boeing today substitutes for a previously announced agreement to purchase two Boeing 777 freighter aircraft and, as a result, Air Canada will no longer take delivery of the two freighters. In total, Air Canada currently operates approximately 240 aircraft in its mainline and Air Canada Rouge fleet.

About Air Canada

Air Canada is Canada's largest airline, the country's flag carrier and a founding member of Star Alliance, the world's most-comprehensive air transportation network. Air Canada provides scheduled service directly to more than 180 airports in Canada, the United States and internationally on six continents. It holds a four-star ranking from Skytrax. Air Canada's Aeroplan program is Canada's premier travel loyalty program, where members can earn or redeem points on the world's largest airline partner network of 45 airlines, plus through an extensive range of merchandise, hotel and car rental rewards. Its freight division, Air Canada Cargo, provides air freight lift and connectivity to hundreds of destinations across six continents, using Air Canada's passenger and freighter aircraft. Air Canada has committed to a net-zero-emissions goal from all global operations by 2050.

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