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Air Canada turns to Boeing and the 787 to renew and expand its long-haul fleet

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Air Canada is close to finalizing an agreement to purchase up to 20 Boeing 787 Dreamliners as part of its effort to renew and heighten its wide-body aircraft fleet.

Bloomberg reports that the Canadian airline is aiming to buy between 15 and 20 Boeing 787 Dreamliners.

According to data from ch-aviation.com, Air Canada’s current average fleet age is 12.06 years old. The company’s long-haul fleet presently includes Airbus A330, Boeing 777, and 787 passenger planes.

Air Canada took delivery of a Boeing 787-9, registered C-GWUU, in April 2023, while two Boeing 767Fs were added to the fleet in June 2022 and a Boeing 787-9 in February 2019.

Additionally, Air Canada acquired two second-hand Airbus A330s, C-GOFV, and C-GXZD, and brought a Boeing 777-300ER, registered C-FITL, out of storage.

Air Canada also operates several Boeing 767 cargo planes, including passenger-to-cargo conversions, with one plane, C-FXCA, presently being converted.

In Q1 2023, Air Canada’s net income was CAD4 million. Despite this, the airline’s President and CEO, Michael Rousseau, has claimed that Q1 2023 surpassed internal and external expectations, indicating that the business’s adjusted EBITDA guidance has increased.

According to Air Canada’s Q1 2023 financial results presentation, the airline anticipates adding two Boeing 787-9s, one 767F, and Airbus A330 plane in 2023, with plans to add five more planes in 2024, including two Boeing 767Fs, one 777F, and one 787-9.

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