Having spent the past 18 months scrambling from the brink of financial ruin again, Air Canada is using the next three years to deleverage its balance sheet and prepare for the delivery of the Boeing 787, Chief Financial Office Michael Rousseau told the CIBC Eastern Institutional Invester Conference last week.
The only surviving legacy carrier in the country, Air Canada has met many of its objectives, said Rousseau, by building adequate liquidity, expanding its international network, maximising revenues and lowering cost, four key principals it continues to follow to reach the goal of a sustainably healthy airline. Its key priorities include more of what the company is doing, expanding internationally, improving revenue, cost reduction through its new......
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