Air Canada Avoids Shutdown After Tentative Deal With Pilots

Group 1 - Air Canada reached a tentative four-year deal with the Air Line Pilots Association (ALPA), representing over 5,200 pilots, avoiding a potential strike that could have disrupted operations [1][2] - The terms of the deal will remain confidential until a ratification vote by union members and approval by Air Canada's Board of Directors, expected to occur within the next month [1][2] - The new deal acknowledges the contributions and professionalism of pilots and aims to provide a framework for the carrier's growth [2] Group 2 - Without a deal, either side could have issued a 72-hour strike or lockout notice, which could have started as early as last Sunday [2] - Air Canada shares on the Toronto Stock Exchange (TSX) have declined by 15% this year [2]