CEO selling at Air Canada (AC)

CEO selling at Air Canada (T:AC)

Calin Rovinescu, CEO and Director, exercised Options and disposed of 1,269,149 Class B Voting Shares on a direct ownership basis at prices ranging from $43.722 to $44.722 between August 1st, 2019 and August 6th, 2019. This represents a $56,299,169 divestment of the company's shares and an account share holdings change of -98.0%.

Air Canada is in the Airlines Sub Industry Group under the Industrials Sector.

Air Canada is a domestic, United States transborder and international airline company. The Company is a provider of scheduled passenger services in the Canadian market, the Canada-United States transborder market and in the international market to and from Canada. Its mainline operates a fleet of approximately 170 aircraft, including Airbus narrow-body aircraft, over 70 Boeing and Airbus wide-body aircraft, and approximately Embraer 190 regional jets. Air Canada rouge operates a fleet of approximately 50 aircraft comprising over 20 Airbus A319 aircraft, five Airbus A321 aircraft and approximately 20 Boeing 767-300 aircraft. Through the 28-member airline network, it offers flights to approximately 1,300 destinations in over 190 countries. Air Canada Altitude recognizes and rewards Aeroplan loyalty program members with a range of travel privileges and benefits corresponding to their travel activity, such as priority check-in, complimentary checked baggage and upgrades to business class.