Investor Presentaiton

-27- Facilities Air Canada owns or leases facilities in major airports consisting of offices, hangar space, aircraft maintenance and ground handling facilities. The following describes the principal properties owned or leased by Air Canada as of December 31, 2006: Principal Properties - Air Canada Montreal Centre Air Canada Headquarters Montreal Trudeau Airport Maintenance Base Approx. Square Description Head office and training facilities Footage 272,000 Nature of Title Owned facilities on leased land Offices, computer centre, aircraft maintenance, hangars, workshops and 1,858,000 Owned facilities on leased land training facilities Toronto Pearson Airport Counters, offices, passenger and baggage handling facilities and commuter 266,000 Leased terminal Toronto Pearson Airport Maintenance Base Toronto - Cargo Facility Vancouver Technical Operations Centre Vancouver Offices, simulator, hangars and workshops 1,106,207 Owned facilities on leased land Offices, cargo and equipment maintenance facilities 426,000 Leased Offices, hangars, shops and 1,076,000 Owned facilities on leased land simulator South Hangar Offices, hangars, shops, 250,000 Owned facilities on leased land stores Calgary International Airport Hangar, commissary, ground support equipment and 234,000 Owned facilities on leased land warehouse Offices and computer centre 392,000 Leased facilities on owned land Offices, aircraft maintenance hangars and workshops 300,000 Owned facilities on leased land Winnipeg Air Canada Building Winnipeg Airport Maintenance Base Air Canada operates additional office, terminal, maintenance and/or cargo facilities under long-term leases at Toronto, Montreal, Vancouver, Calgary, London (England) and Los Angeles. Most of the hangar space and aircraft maintenance facilities in Montreal, Vancouver, Winnipeg and Toronto are leased or subleased by Air Canada to ACTS at market terms. Safety and Security Air Canada's first priority is to ensure the safety and security of its customers, employees and aircraft by maintaining the highest safety and security standards. On August 10, 2006, Transport Canada announced the implementation of heightened security measures after a foiled attack with liquid explosives at Heathrow. Since September 26, 2006, in accordance with new Transport Canada security measures, Air Canada is able to allow passengers to bring on board limited and prescribed quantities of liquids, gels and aerosols. On October 27, 2006, Transport Canada announced the details of a new Passenger Protect Program and draft regulations pursuant to which the Government of Canada will create a list of specified persons who will be deemed to pose an immediate threat to aviation security should they attempt to board a flight. Air carriers will be expected to screen passengers against the specified persons list through a secure online system. The Government of Canada has also proposed new identity screening regulations which will require air passengers to present government-issued

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