Air Canada (TSX: AC.A, TSX: AC.B) is Canada's largest airline and flag carrier. The airline, founded in 1936, provides scheduled and charter air transportation for passengers and cargo to 96 destinations worldwide. Its largest hub is Toronto Pearson International Airport in Ontario. Its main base is Montreal-Pierre Elliott Trudeau International Airport in Quebec. Air Canada is the world's 8th largest passenger airline by fleet size, and the airline is a founding member of Star Alliance, an alliance of 21 member airlines formed in 1997. Air Canada's corporate headquarters are located in the Saint-Laurent area of Montreal, Quebec. The airline's parent company is the publicly traded firm ACE Aviation Holdings. Air Canada had passenger revenues of CAD$9.7 billion in 2008.
Canada's national airline originated from the Canadian federal government's 1936 creation of Trans-Canada Airlines (TCA), which began operating its first transcontinental routes in 1938. In 1965, TCA was renamed Air Canada following government approval. Following the 1980s deregulation of the Canadian airline market, the airline was privatized in 1988. In 2001, Air Canada acquired its largest rival,Canadian Airlines. In 2006, 34 million people flew with Air Canada as the airline celebrated its 70th anniversary.Air Canada operates a fleet of Boeing 777, Boeing 767, and Airbus A330 wide-body jetliners on long-haul routes, and utilizes Airbus A320 family aircraft, including the A319, A320, and A321 variations and Embraer E170/E190 family aircraft on short-haul routes. The carrier's subsidiaries include Air Canada Cargo, ground support services, and regional airline partners, including Air Canada Jazz (which is now completely spun-off) and Air Canada Jetz. Air Canada also provides vacation packages to over 90 destinations via Air Canada Vacations. Together with its regional carriers, the airline operates on average more than 1,375 scheduled flights a day.