Air Canada Flies Its First Boeing 777 Aircraft
The new Boeings will provide non-stop service between Toronto and London next month, followed by additional service to Frankfurt, Tokyo and Hong Kong.
CFO Allan Rowe said Jazz's share price may have also been affected by large investors shorting the ACE subsidiaries as a trading strategy and the impact of ACE's announced redistribution of dividends.
Both Brewer and Randell described the lawsuit against the exclusive use of Toronto Island Airport by Porter Airlines as a principled effort to ensure federally owned airports are open to all competitors.
''There is a very dangerous precedent here that really needs to be dealt with and the only way we see being dealt with at the present time is to proceed through the courts,'' Randell said.
On the Toronto stock market Tuesday afternoon, Aeroplan Income Fund units closed at $19.50, down 23 cents. ACE A shares gained 12 cents to $30.94.
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