Air Canada 2012 Annual Report Download - page 89

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2012 Consolidated Financial Statements and Notes
89
For the years ended December 31, 2012 and 2011
(Canadian dollars in millions – except per share amounts)
1. GENERAL INFORMATION
The accompanying audited consolidated financial statements (the “financial statements”) are of Air Canada (the
“Corporation”). The term “Corporation” also refers to, as the context may require, Air Canada and/or one or more of its
subsidiaries, including Touram Limited Partnership (“Air Canada Vacations”). These financial statements also include certain
aircraft leasing entities and fuel facility corporations, which are consolidated under SIC Interpretation 12 – Consolidation of
Special Purpose Entities (Note 2B). Air Canada is incorporated and domiciled in Canada. The address of its registered office is
7373 Côte-Vertu Boulevard West, Saint-Laurent, Quebec.
Air Canada is Canada's largest domestic, US transborder and international airline and the largest provider of scheduled
passenger services in the Canadian market, the Canada-US transborder market as well as the international markets to and
from Canada. Certain of the scheduled passenger services offered on domestic and Canada-US transborder routes are
operated under the brand name “Air Canada Express” and operated by third parties such as Jazz Aviation LP (“Jazz”) through
capacity purchase agreements. Air Canada also offers scheduled passenger services on domestic and Canada-US transborder
routes through capacity purchase agreements on other regional carriers, including those operating aircraft of 18 seats or less,
some of which are referred to as Tier III carriers. Through Air Canada's global route network, virtually every major market
throughout the world is served either directly or through the Star Alliance network. In addition, Air Canada provides certain
passenger charter services under the brand name “AC Jetz”.
Air Canada offers air cargo services on domestic and US transborder routes using cargo capacity on aircraft operated by Air
Canada and Jazz. Air Canada offers international cargo services on routes between Canada and major markets in Europe, Asia,
South America and Australia using cargo capacity on Boeing 777 and other wide body aircraft operated by Air Canada.
Air Canada Vacations is a leading Canadian tour operator. Based in Montreal and Toronto, Air Canada Vacations operates its
business in the outbound leisure travel market (Caribbean, Mexico, U.S., Europe, Central and South America, South Pacific and
Asia) by developing, marketing and distributing vacation travel packages. Air Canada Vacations also offers cruise packages in
North America, Europe and the Caribbean. Air Canada is launching a leisure airline scheduled to commence flight operations in
the second half of 2013 under the brand name Air Canada rougeTM.