Air Canada 777-300. By Rob Finlayson Air Canada (AC), in the midst of navigating challenging labor negotiations, reported a disappointing C$249 million ($250.2 million) 2011 net loss, widened from a C$24 million net deficit in 2010. President and CEO Calin Rovinescu conceded to analysts and reporters that the carrier's current financial situation is untenable, necessitating change. "We are into a transformation," he said. "For us to be successful long-term, we ...

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