Air Canada Goes Holiday Shopping

Air Canada (TSX: AC.B  ) has demonstrated a remarkable turnaround through cutting costs, improving earnings, controlling its pension liability, and launching a new low-cost subsidiary.

But with greater earnings power and plans for growth, Air Canada is doing what many of us are this holiday season. It’s going shopping.

Fleet modernization
New aircraft are expensive but can make all the difference when it comes to maintenance and fuel costs. With the latest aircraft offering fuel efficiency gains of up to 20% and more creature comforts that passengers like, it’s no surprise Air Canada is looking to modernize its fleet.

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