Source: Air Canada.
  • Air Canada (TSX:AC) will operate two flights Friday and Saturday to retrieve Canadians and permanent residents stranded amidst the Israel-Hamas conflict
  • Global Affairs Canada is overseeing the booking of the 600 available seats
  • Air Canada is Canada’s largest airline, providing service to more than 180 airports in Canada, the United States and internationally across six continents
  • Air Canada stock (TSX:AC) has fallen by approximately 25 per cent over the past five years, but is trading at a 77.6 per cent discount to future expected cash flows

Air Canada (TSX:AC) will operate two flights Friday and Saturday to retrieve Canadians and permanent residents stranded amidst the Israel-Hamas conflict.

The Government of Canada is operating military flights from Tel Aviv to Athens, from where Air Canada will pick up the passengers and transport them to Toronto. Air Canada flight AC2021 is scheduled to arrive Friday evening from Athens at Toronto’s Pearson Airport.

Travelers must contact Global Affairs Canada for a special code to book the 600 available seats. Unused return tickets can be exchanged for travel on the repatriation flights.

Air Canada has cancelled flights to Tel Aviv up to and including Oct. 31. A goodwill policy enables passengers flying to/from Tel Aviv to modify their travel plans, including options for a refund.

“Although safety considerations are unfortunately preventing us from operating our regular flights to Tel Aviv at present, we are supporting the Government of Canada in bringing Canadians home safely from Israel through these special repatriation flights. We continue to monitor the terrible events in Israel very closely and extend to its people our deepest condolences. We have flown to Israel since 1995 and it is a very important part of our network. Air Canada is committed to resuming commercial operations as soon as the situation stabilizes. I thank all employees involved across Air Canada for their tireless efforts in organizing these special flights,” Michael Rousseau, president and CEO of Air Canada, said in a statement.

“We are deeply grateful for Air Canada’s assistance in helping to bring Canadians home. We will continue to work around the clock to support Canadians and for those in the region who need assistance, please contact Global Affairs at [email protected],” added the Honourable Mélanie Joly, Minister of Foreign Affairs.

Air Canada is Canada’s largest airline, providing service to more than 180 airports in Canada, the United States and internationally across six continents.

Air Canada stock (TSX:AC) is down by 0.95 per cent, trading at $18.18 per share as of 9:44 am ET. The stock has fallen by approximately 25 per cent over the past five years, but is trading at a 77.6 per cent discount to future expected cash flows, according to Simply Wall Street.

Join the discussion: Find out what everybody’s saying about this stock on the Air Canada Bullboard, and check out the rest of Stockhouse’s stock forums and message boards.

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