Air Canada Welcomes the New Year

Air Canada and Air Canada Jazz are
ringing in the new year with a system-wide seat sale with fare reductions of
up to 30 per cent for travel to over 110 destinations worldwide, with an
additional saving of $2.50 each way for customers who book online for travel
to destinations in Canada and the U.S. The sale begins today and continues
until January 20, for travel as late as April 30, 2003.

“The arrival of a new year brings a variety of travel opportunities for
both leisure and business. Whether traveling for business, to escape the cold,
or to enjoy a spring break getaway, we`re offering our customers great fares
to destinations throughout Air Canada`s extensive network,” said Bill Bredt,
Vice President, Network and Revenue Management. “By booking now, customers
have early access to the best value for travel throughout the remaining winter
months and early spring.”

All travel to Canadian and U.S destinations must be completed by
April 30, 2003, and travel to international destinations must be completed by
April 11. Prices and booking conditions vary according to destination.