Media Advisory - Air Canada to present fourth quarter and full year 2007 results

    MONTREAL, Feb. 1 /CNW Telbec/ - Air Canada will hold a conference call
for analysts on Thursday, February 7, 2008 to present fourth quarter and full
year 2007 results. Air Canada President and Chief Executive Officer,
Montie Brewer, 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:    Thursday, February 7, 2008

    Time:    9:30 a.m. ET

    By telephone:   1-800-952-4972 toll free or (416) 641-2140 for the
                    Toronto area. Please allow 10 minutes to be connected to
                    the conference call.

             =8ED56482-1DF4-4A65-B22C-D364FE6E3C0B. 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 passcode 3249874No., until midnight ET
             Thursday, February 14, 2008.

    Note:    A slide presentation will be available at approx. 8:00 a.m.,
             Thursday, February 7, 2008 for viewing at
             presentation is not intended for simultaneous viewing with the
             conference call.Fourth quarter and full year results will be released prior to the
opening of markets and the conference call on Thursday, February 7, 2008.

For further information:
For further information: Isabelle Arthur (Montréal), (514) 422-5788;
Peter Fitzpatrick (Toronto), (416) 263-5576; Angela Mah (Vancouver), (604)
270-5741; Internet: