MONTREAL, July 31 /CNW Telbec/ - Air Canada will hold a conference call
for analysts on Friday, August 7, 2009 to present 2009 second quarter results.
Air Canada President and Chief Executive Officer, Calin Rovinescu, Executive
Vice President and Chief Financial Officer, Michael Rousseau, and Executive
Vice President and Chief Commercial Officer, Benjamin Smith will be available
for analysts' questions. Media and the public may access this call on a
listen-in basis. Details are as follows:ANALYST CONFERENCE CALL / AUDIO WEBCAST

    Date:           Friday, August 7, 2009

    Time:           9:00 a.m. ET

    By telephone:   1-866-223-7781 toll free or (416) 340-8018 for the
                    Toronto area. Please allow 10 minutes to be connected to
                    the conference call.

    Webcast:     http://events.startcast.com/events6/Default.aspx?EID
                 =a334993c-a054-44f9-bf44-86d918b802b0
                 Note: This is a listen-only audio webcast. Media Player or
                 Real Player is required to listen to the broadcast; please
                 download well in advance of call.

    Replay:      Instant replay will be available beginning approximately one
                 hour after the call. Dial 416-695-5800 or 1-800-408-3053
                 toll free and enter the pass code 1751000#,
                 until midnight ET Friday, August 14, 2009.

    Note:        A slide presentation will be available at approx. 8:00 a.m.,
                 Friday, August 7, 2009 for viewing at
                 http://www.aircanada.com/en/investors/quarterly.html. This
                 presentation is not intended for simultaneous viewing with
                 the conference call.

    2009 second quarter results are scheduled to be released prior to the
    opening of markets and the conference call on Friday, August 7, 2009.