Air Canada's Calin Rovinescu Named Outstanding CEO of the Year

Air Canada President and Chief Executive Officer Calin Rovinescu was named Canada's Outstanding CEO of the Year® for 2016.

The award program's Advisory Board cited Mr. Rovinescu's record in transforming Air Canada into a profitable, globally competitive and highly regarded organization. It noted the carrier's success growing operating revenues for six consecutive years and its record EBITDAR, operating income and adjusted net income in 2015. It also cited Air Canada's strong growth, notably a 50 per cent increase in international capacity since 2009, the achievement of long-term labour stability and the reversal of the company's $4 billion pension plan solvency deficit into a $1.3 billion surplus as of Jan. 1, 2016.

"This award that I've been fortunate to be given is not my award. It is an award for the 30,000 people at Air Canada who have made this happen by being entrepreneurial and finding creative ways to grow our revenue, to compete effectively where we could not compete before, and to serve our customers better than ever," said Mr. Rovinescu.

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