Investor Presentaiton

- 64- September 12, 2005; "Jazz CPA" means the amended and restated capacity purchase agreement effective January 1, 2006 between Air Canada and Jazz; "Jazz MSA" means the master services agreement dated September 24, 2004 between Air Canada and Jazz; "Jazz Special Trademark Agreement" means the special trademark agreement on September 30, 2004 between Air Canada and Jazz; "Jazz Trademark License Agreement" means the trademark license agreement dated September 30, 2004 between Air Canada and Jazz; "Lenders" shall have the meaning ascribed thereto under "Overview of the Business - Debt Financing"; "Management" means management of Air Canada; "Montreal Trudeau Airport" means Montreal's Pierre Elliott Trudeau International Airport; "MRO" means maintenance, repair and overhaul; "OAG" means Official Airline Guide; "OLA" means the Official Languages Act (Canada), as amended; "OSFI" means the Office of the Superintendent of Financial Institutions; "Open Skies Agreement" means the agreement negotiated between the governments of Canada and the United States which further liberalized air transportation services and which came into force on March 12, 2007; "passenger load factor" means Revenue Passenger Miles as a percentage of Available Seat Miles; "PIPEDA" means the Personal Information Protection and Electronic Documents Act (Canada); "Plan" means the consolidated plan of reorganization, compromise and arrangement of Air Canada and certain of its subsidiaries pursuant to which ACE became the parent holding company of the reorganized Air Canada and its subsidiaries; "Qualified Canadians" means a "Canadian" for the purposes of the CTA, defined as being controlled in fact by Canadians and having at least 75% of its voting interest owned and controlled by Canadians; "RASM" means average passenger revenue per ASM; "Registration Rights Agreement" shall have the meaning ascribed thereto under "Relationship between Air Canada and ACE - Registration Rights Agreement"; "Revenue Passenger Miles" means a measure of passenger traffic calculated by multiplying the total number of revenue passengers carried by the numbers of miles they are carried; "Scheduled Flights" means the flights on the Covered Aircraft whose routes, schedules and fares are determined by Air Canada in accordance with the Jazz CPA; "Shares" means both Variable Voting Shares and Voting Shares; "Small Jets Settlement Agreement" means the arrangement reached between Air Canada, Jazz, ACPA and the

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