The Path Forward

International Growth Strategy Underway BUILDING AN AIR CANADA INTERNATIONAL POWERHOUSE AIR CANADA rouge Five new Boeing 777-300ERS & three new Boeing 787-8 by summer 2014 • High density configuration of 458 seats +one in early 2014 New routes from Toronto to Istanbul & Seoul • Toronto-Seoul three weekly eff. June 2013 • Toronto-Istanbul three weekly eff. June 2013 Expansion to Asia • Calgary-Tokyo to daily eff. May 2013 • . Toronto-Beijing to 10 weekly eff. June 2013 and Vancouver-Beijing to 11 weekly eff. June 2013 Launch of Air Canada rouge July 2013 start with two Boeing 767 and two Airbus A319 Launch routes to Athens, Edinburgh and Venice Transferring over existing leisure Caribbean/Mexico/ Central America routes • Toronto-Dublin route to go year-round effective winter 2014/2015 2013 INVESTOR DAY 6

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