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Media Advisory - Air Canada to present full year and fourth quarter 2006 results
    MONTREAL, Feb. 2 /CNW Telbec/ - Air Canada will hold a conference call
for analysts on Friday, February 9, 2007 to present full year and fourth
quarter 2006 results. Air Canada President and CEO, Montie Brewer, Executive
Vice President and Chief Financial Officer, Joshua Koshy, and Executive Vice
President and Chief Commercial Officer, Sean Menke will be available for
analysts' questions. Media may access this call on a listen-in basis. Details
are as follows:

    ANALYST CONFERENCE CALL / AUDIO WEBCAST

    Date:         Friday, February 9, 2007

    Time:         09:30 a.m. ET

    By telephone: 1-866-696-5895 toll free or (416) 641-6105 for the Toronto
                  area. Please allow 10 minutes to be connected to the
                  conference call.

    Webcast:      http://events.startcast.com/events/20/B0042 . 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 at 416-695-5800 or 1-800-408-3053
                  toll free and enter passcode 3212767 #,
                  until midnight ET Friday, February 16, 2007.

    Note:         A slide presentation will be available at approx. 08:00,
                  Friday, February 9, 2007 for viewing at
                  http://www.aircanada.com/en/investors/quarterly.html.
                  This presentation is not intended for simultaneous viewing
                  with the conference call.

    Year-end results will be released Friday prior to the conference call.
    %SEDAR: 00024384EF

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