Press Release 2003

Star Alliance confirms "business as usual" at Air Canada
Airline maintains alliance network, benefits

Air Canada's filing for protection under the Companies' Creditors Arrangement Act (CCAA) will allow it to restructure while remaining a full, participating member of Star Alliance. Air Canada will continue to offer the comprehensive benefits it provides to customers through the alliance, including frequent flyer benefits, lounge access and the convenience of the most comprehensive global route network.

Protection under CCAA will facilitate operational, commercial, financial and corporate restructuring at Air Canada. The proceeding is intended to help the company become stronger financially. Aircraft maintenance and flight safety will remain the number one priority. Passengers will continue to be able to accrue and redeem frequent flyer mileage on Air Canada flights.

"We are confident that Air Canada, a founding member of Star Alliance, is going to emerge from this process as a stronger and even more competitive airline," said Jaan Albrecht, Chief Executive Officer, Star Alliance. "During this time of restructuring, Air Canada will continue to offer all the benefits that customers have come to identify with Star Alliance."

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