Council of Unions Communication #1 -2009 Air Canada Share Trust Agreement Background and Update

Thursday, May 30, 2019

This message is being distributed on behalf of The Council of Unions. The Council of Unions was established to represent the interests of the unionized employees of Air Canada during a turbulent time that included pension insolvency. Leaders from each of Air Canada’s unions – the Air Canada Pilots Association (ACPA); Canadian Airline Dispatchers Association (CALDA); Canadian Union of Public Employees (CUPE) – Air Canada Component; the International Association of Machinists and Aerospace workers (IAMAW); and Unifor – meet to discuss issues of common concern. Together, our Unions represent nearly 29,000 unionized employees of Air Canada.

2009 Air Canada Share Trust Agreement Background and Update Highlights:

• What Is the Share Trust

• Current Market Value and Share Allocation

• Conditions and Limitations

• Amendment/Unlocking Process

• Extensive Council of Unions Efforts to Unlock the Share Trust

• Bottom Line

 

2009 Air Canada Share Trust Agreement Background and Update (PDF)

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