Air Canada 2007 Annual Report Download - page 56

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2007 Air Canada Annual Report
56
The related party revenues and expenses with Aeroplan (period from March 14, 2007 to December 31, 2007), Jazz (period
from May 24, 2007 to December 31, 2007) and ACTS Aero (period from October 16 to December 31, 2007) are summarized
as follows:
($ millions)
Three months ended December 31 Year ended December 31
2007 2006 2007 2006
Revenues
Passenger revenues from Aeroplan related to
Aeroplan rewards, net of purchases of Aeroplan miles $ 31 $ 22 $ 154 $ 115
Property rental revenues from related parties 11 9 46 46
Revenues from information technology
services to related parties 7 8 28 27
Revenues from corporate services and other 3 2 25 14
Aircraft sublease revenues from Jazz 6 - 14 -
Air Canada Ground Handling revenues from related parties 16 - 33 -
Cargo revenues from related parties - 1 3 4
$ 74 $ 42 $ 303 $ 206
Expenses
Maintenance expense for services from ACTS $ 127 $ 158 $ 631 $ 614
Expense from CPA with Jazz 227 - 537 -
Pass-through fuel expense from Jazz 84 - 197 -
Pass-through airport expense from Jazz 49 - 120 -
Pass-through other expense from Jazz 10 - 17 -
Other expenses 3 13 12 49
Recovery of wages, salary and benefi t expense
for employees assigned to related parties (97 )
(106 ) (412 ) (413 )
$ 403 $ 65 $ 1,102 $ 250
Net interest expense (income) from related parties $ - $ 1 $ (1 ) $ 6
In addition to the above revenues and expenses with Jazz, the Corporation transfers fuel inventory and subleases certain
aircraft to Jazz on a fl ow through basis, which are reported net on Air Canada’s statement of operations.