Air Canada provides pension plan solvency update

Air Canada has provided an update regarding its Canadian pension plans solvency status. Based on preliminary estimates and the factors outlined below, Air Canada projects its Canadian registered pension plans at January 1, 2014 to be in a small surplus position. The Canadian registered pension plans solvency deficit at January 1, 2013 was $3.7 billion. Final valuations as of January 1, 2014 will be completed in the first half of 2014. The elimination of the previous $3.7 billion deficit is the result of several factors: (1) a 13.8% return on investments during 2013, (2) the implementation of previously disclosed pension