Air Canada reported a first-quarter net loss of C$400 million ($342 million), widened 38.9% from a C$288 million loss in the year ago period, and new President and CEO Calin Rovinescu said the carrier is urgently seeking relief from its pension funding obligations. On the job for five weeks and already receiving criticism from AC's unions (ATWOnline, April 2), Rovinescu told shareholders at the company's AGM in Montreal, available via webcast, that it has a "pressing need to achieve an ...

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