October 30, 2020

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Calin Rovinescu left Air Canada as CEO after twelve years

Calin Rovinescu left Air Canada as CEO after twelve years

Rovinescu has been at the forefront of a number of key moments in Air Canada history such as privatization from 1988 to 1989, defending against a hostile offer in 1999, merging with Canadian Airlines in 2000, the aftermath of September 11th and the Restructuring from 2003-2004.

Rovinescu is particularly proud of the change Air Canada has undergone over the past twelve years, as it has become one of the most renowned airlines in the world. Under his leadership, Air Canada won numerous service awards and significantly expanded its global route network.

“Fortunately, while Covid-19 has decimated the global aviation industry, we entered the pandemic much healthier than almost any other airline in the world because of our strong track record, track record and dedicated workforce,” said Rovinescu.

Air Canada is still working on a recovery plan for Covid-19 that should be ready by the end of this year. This includes reducing the fleet, capacity, network and personnel base. The company has also raised $ 6 billion in additional capital. In addition, the planned acquisition of Air Transat will continue.

“Air Canada will be very well positioned to recover once borders are reopened, travel restrictions lifted and the general economy returns to normal,” said Rovinescu.