Air Canada says can renew plan to buy Boeing jets

Nov 1, 2005

MONTREAL (Reuters) - ACE Aviation Holdings Inc. unit Air Canada said on Tuesday a binding arbitration decision resolving pilot cost issues will allow it to renew a $6 billion plan to buy Boeing jets.

"With the successful resolution of this matter, we can now reengage Boeing to conclude an agreement on the acquisition of new wide-body aircraft and move forward with plans for the airline's future," Montie Brewer, Air Canada's president and chief executive said in a statement.

A disagreement with its pilots this summer over operating issues for new aircraft had forced Air Canada to cancel a $6 billion order made in April to buy 32 Boeing 777 and 787 Dreamliner jets.

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