Air Canada and Jazz Air this week signed an MOU modifying their capacity purchase agreement. AC said the new accord will "provide us with reduced capacity purchase costs that are more consistent with market realities and will allow us to enjoy greater flexibility in our fleet deployment." Highlights of the revised agreement include a reduction in the mark-up rate paid to Jazz on the first 375,000 block hr. of flying from 16.7% to 12.5%; a reduction in AC's commitment to Jazz's minimum fleet ...

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