Air China and Air Canada sign joint venture0
BEIJING/MONTREAL: June 06, 2018. Air China and Air Canada are to increase commercial operations between their respective countries In what they claim is the first joint venture agreement between a Chinese and North American airline.
In the last two years, Air China has launched flights between Beijing with Montreal, and Air Canada has launched new non-stop flights between Montreal and Shanghai. The two carriers now operate up to 52 trans-Pacific flights per week between Canada and China from Toronto, Vancouver and Montreal to and from Beijing and Shanghai.
“The Sino-Canada market is one of the important long-haul markets to Air China, which has been developed rapidly in recent years with an increase of 17.8 percent in 2017,” said Air China chairman Jianjiang Cai.
The joint venture of the two Star Alliance members is to be phased in over the next six months to include optimized flight schedules and the alignment of sales and marketing programmes.
“Our joint venture agreement with Air China is an important strategy in our global expansion as it significantly increases Air Canada’s presence in an aviation market set to become the world’s largest by 2022.
“Having served China for more than 30 years, and as demonstrated by Air Canada’s average annual capacity growth of 12.5 percent over five years, China is an integral part of our global network,” added Air Canada president and CEO Calin Rovinescu,
(Pictured left to right: Craig Landry, senior vice president Revenue Optimization and Calin Rovinescu, president and CEO Air Canada; Jianjiang Cai, chairman of Air China and Zhiyong Song, president.)