MONTREAL, May 1 /CNW Telbec/ - Air Canada will hold a conference call for
analysts on Friday, May 8, 2009 to present 2009 first quarter results.
Following the analyst conference call, Air Canada will hold its Annual General
Meeting for shareholders. Media and the public may access both the analyst
call and meeting for shareholders on a listen-in basis. Details are below:ANALYST CONFERENCE CALL

    Air Canada President and Chief Executive Officer, Calin Rovinescu;
Executive Vice President and Chief Financial Officer, Michael Rousseau, and
Executive Vice President and Chief Commercial Officer, Benjamin Smith will be
available for analysts' questions.

    Date:     Friday, May 8, 2009

    Time:     9:00 a.m. EDT

    By telephone:  1-866-223-7781 toll free or (416) 340-8018 for the Toronto
                   area. Please allow 10 minutes to be connected to the
                   conference call.

    Webcast:  http://events.startcast.com/events6/Default.aspx?EID
              =79873ebb-5ee6-456e-827d-f9840ae93b34. Note: This is
              a listen-only audio webcast. Media Player or Real Player is
              required to listen to the broadcast; please download well in
              advance of call.

    Replay:   Instant replay will be available beginning approximately one
              hour after the call. Dial 416-695-5800 or 1-800-408-3053 toll
              free and enter the pass code 6574145#, until
              midnight ET Friday, May 15, 2009.

    Note:     A slide presentation will be available at approx. 8:00 a.m.,
              Friday, May 8, 2009 for viewing at
              http://www.aircanada.com/en/investors/quarterly.html. This
              presentation is not intended for simultaneous viewing with the
              conference call.

    2009 first quarter results will be released prior to the opening of
markets and the conference call on Friday, May 8, 2009.

    AIR CANADA ANNUAL GENERAL MEETING

    The Air Canada Annual General Meeting for shareholders will be held on
Friday, May 8 at 11:00 a.m. in Montreal.

    Date:     Friday, May 8, 2009

    Time:     11:00 a.m. EDT

    Webcast:  http://www.digicast.ca/events/aircanada/2009.05.08/www/en/
              Note: This is a listen-only audio webcast. Media Player or Real
              Player is required to listen to the broadcast; please download
              well in advance of call.%SEDAR: 00001324EF