Who Owns Air Canada?

Air Canada was founded in 1937 as Trans-Canada Air Lines (TCA) by the Canadian government as a Crown corporation to provide transcontinental airline service. The airline began operations in 1938 with mail and passenger service between Vancouver and Seattle, establishing the foundation for what would become Canada's national airline. This government-led initiative reflected the importance of national connectivity and the strategic role of aviation in Canada's economic development.

Throughout the 1940s and 1950s, TCA expanded its route network across Canada and internationally, establishing itself as a major carrier in North America. The airline invested in modern aircraft and developed a reputation for service quality and reliability. In 1965, the airline was renamed Air Canada to reflect its growing international presence and modern identity. This rebranding marked the transition from a domestic-focused carrier to an international airline with global ambitions.

In 1988, Air Canada was privatized when the Canadian government sold its remaining shares to the public, marking a significant transition from government ownership to private sector operation. The airline continued to expand through the 1990s and 2000s, acquiring Canadian Airlines International in 2000 to become Canada's dominant airline. This acquisition consolidated the Canadian airline industry and positioned Air Canada as the clear market leader, creating a more competitive and efficient Canadian aviation market.

Throughout the 2010s and 2020s, Air Canada modernized its fleet, expanded international routes, and developed its Star Alliance membership, becoming a founding member of the global airline alliance. The company faced significant challenges during the COVID-19 pandemic but has since recovered and continues to invest in fleet renewal and service expansion. Air Canada has positioned itself as a leader in sustainable aviation and customer service innovation, demonstrating resilience and adaptability in the face of industry challenges.