Air Canada Secures $114 Million USD Engine Maintenance Contract

Air Canada announced today that its Technical
Services division has secured a $114 million USD engine maintenance contract
with a major European aircraft engine overhaul facility.
Air Canada Technical Services will undertake a five year contract with a
potential value of $114 million USD with Lufthansa Technik for maintenance
work on CFM56-5A engines for Lufthansa`s Airbus 320 aircraft. The engine
maintenance work will be performed at Air Canada`s Montreal Engine Maintenance
Centre.

“A major contract such as this speaks to Air Canada`s strong reputation
for quality service,” said Robin Wohnsigl, President, Air Canada Technical
Services, who will participate tomorrow in the contract signing ceremony at
the Le Bourget Air Show in Paris. “We`ve set aggressive goals for realizing
return on our significant investment in Technical Services and today`s
announcement demonstrates our increasing ability to attract third party
business.”

In November 2000 Air Canada announced the formation of Air Canada
Technical Services to capitalize on the airline`s ability to compete on a
global basis as a maintenance, repair and overhaul profit centre.
Air Canada Technical Services is responsible for the maintenance,
engineering, repair, supply and purchasing to support Air Canada`s mainline
fleet of 240 aircraft and third party technical services in five maintenance
categories: airframes, engines, components, line and aircraft cabins.

Air Canada Technical Services employs approximately 8000 staff in Canada,
the U.S. and Europe, with four major maintenance base centers located in
Montreal, Toronto, Winnipeg and Vancouver.

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