Air Canada to Host Virtual Annual Shareholder Meeting on June 25, 2020

Air Canada said today that due to social distancing requirements arising from COVID-19, it will hold its 2020 Annual Meeting of Shareholders virtually, online, on Thursday, June 25, 2020. The event begins at 10:30 a.m. (Eastern Time) and will be accessible only via live webcast available at https://aircanada.com/AGM.

Shareholders will be able to vote on motions, of which there are currently four before the meeting, including: the election of directors who will serve until the end of the next annual shareholder meeting; the appointment of auditors; consideration and approval, in an advisory, non-binding capacity, of Air Canada's approach to executive compensation; and a motion to renew the existing shareholder rights plan. Full details are contained in the management proxy circular, a copy of which is available on SEDAR at www.sedar.com and on the company's website.

Air Canada is pleased to announce that both Institutional Shareholder Services Inc. and Glass Lewis & Co., LLC, two leading independent proxy advisory firms, have recommended that shareholders of Air Canada endorse all motions.

Shareholders will not be able to physically attend the meeting but will have an equal opportunity to participate online regardless of their geographic location. As with prior years, shareholders are able to vote ahead of the meeting by proxy using the various available channels and are encouraged to continue to vote in this manner.

Registered shareholders and duly appointed proxy holders will be able to participate, submit questions and vote at the meeting online, provided they follow the registration instructions set out in the management proxy circular. Shareholders may otherwise attend the meeting as guests, but guests will not be able to vote or ask questions at the meeting.