October 8, 2010 - Air Canada and United Continental Holdings, Inc. today announced that the airlines have concluded a Memorandum of Understanding setting out the principles for a comprehensive revenue-sharing joint venture.

This joint venture would provide for an enhanced partnership on United States-Canada transborder flights, and generate substantial service and pricing benefits for consumers traveling between the two countries.

On October 1, 2010, United Continental Holdings, Inc. announced the closing of the merger of United Air Lines and Continental Airlines, combining the carriers? global networks to create the world?s leading airline which will operate under the name United Airlines.  

The joint venture is expected to come into effect in early 2011, subject to Air Canada and United Airlines making the necessary filings, obtaining regulatory approvals and finalizing documentation. The carriers already benefit from anti-trust immunity granted by the U.S. Department of Transportation (DOT).  

Air Canada is Canada?s largest domestic and international full-service airline providing scheduled and charter air transportation for passengers and cargo to more than 170 destinations on five continents. Canada's flag carrier is the 15th largest commercial airline in the world and serves 31 million customers annually.