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AIR CANADA PUBLIC PARTICIPATION ACT
An Act to provide for the continuance of Air Canada under the Canada Business Corporations Act and for the issuance and sale of shares thereof to the public
Short title 1. This Act may be cited as the Air Canada Public Participation Act.
INTERPRETATION AND APPLICATION Definitions 2. (1) In this Act, "Corporation" «Société» "Corporation" means Air Canada, a corporation continued by the Air Canada Act;
"Minister" «ministre» "Minister" means the President of the Queen's Privy Council or such other member of the Queen's Privy Council for Canada as may be designated by the Governor in Council as the Minister for the purposes of this Act. Same meaning (2) Unless a contrary intention appears, words and expressions used in this Act have the same meaning as in the Canada Business Corporations Act. Operation of Canada Business Corporations Act (3) In the event of any inconsistency between this Act and the Canada Business Corporations Act, or anything issued, made or established under that Act, this Act prevails to the extent of the inconsistency. Operation of Competition Act (4) Nothing in, or done under the authority of, this Act affects the operation of the Competition Act in respect of the acquisition of any interest in the Corporation. Binding on the Crown 3. This Act is binding on Her Majesty in right of Canada or a province.
TRANSFER OF SHARES TO MINISTER Transfer of Air Canada shares 4. (1) Notwithstanding subsection 13(3) of the Air Canada Act, the shares of the Corporation held by the Minister of Transport in trust for Her Majesty in right of Canada are hereby transferred to the Minister, who is hereby authorized to acquire the shares. Registration and holding of shares (2) The shares transferred to the Minister pursuant to subsection (1) shall be registered in the books of the Corporation in the name of the Minister and shall be held by the Minister in trust for Her Majesty in right of Canada.
Submission of draft application 5. (1) The Corporation shall submit an application for a certificate of continuance of the Corporation under section 187 of the Canada Business Corporations Act to the Minister for approval. Submission to Director (2) Forthwith after the Minister approves an application submitted pursuant to subsection (1), the Corporation shall submit the approved application to the Director. Presumption (3) An application submitted to the Director pursuant to this section is, subject to this Act, deemed for all purposes to have been made under subsection 187(1) of the Canada Business Corporations Act. Mandatory provisions in articles of continuance 6. (1) The articles of continuance of the Corporation shall contain
Enforcement of constraint provisions (2) The regulations made pursuant to subsection 174(6) of the Canada Business Corporations Act apply, with any modifications that the circumstances require, in respect of the Corporation as if the constraints imposed pursuant to paragraph (1)(b) were a constraint referred to in paragraph 174(1)(a) of that Act. Exceptions (3) No provision imposing constraints pursuant to paragraph (1)(b) and no regulation referred to in subsection (2) apply in respect of voting shares of the Corporation that are held
(4) [Repealed, S.C. 2001, c. 35, s. 1(4)] (5) [Repealed, S.C. 2001, c. 35, s. 1(4)] Control (6) For the purposes of this section,
Specified percentage (6.1) The Governor in Council may make regulations specifying a percentage greater than 25% for the purposes of paragraph (1)(b). Definitions (7) In this section, "corporation" «société» "corporation" includes a body corporate, partnership and unincorporated organization;
"non-resident" «non-résident» "non-resident" means
"person" «personne» "person" includes an individual, corporation, government or agency thereof, trustee, executor, administrator and other legal representative;
"resident" «résident» "resident" means an individual, corporation, government or agency thereof or trust that is not a non-resident;
"voting share" «action avec droit de vote» "voting share" means a share carrying voting rights under all circumstances or under some circumstances that have occurred and are continuing, and includes a security currently convertible into such a share and currently exercisable options and rights to acquire such a share or such a convertible security. Restriction on amendment 7. The Corporation and its shareholders and directors shall not
Dealing with shares, etc., by Minister 8. (1) The Minister is hereby authorized to
Issue and disposal of shares by Corporation (2) The Corporation is hereby authorized to issue and sell or otherwise dispose of shares of the Corporation.
Name 9. Notwithstanding subsection 10(1) of the Canada Business Corporations Act, the Corporation may continue to use and be legally designated by the name "Air Canada" on and after the day on which it becomes a corporation to which that Act applies. Official Languages Act 10. (1) The Official Languages Act applies to the Corporation. Duty re subsidiaries (2) Subject to subsection (5), if air services, including incidental services, are provided or made available by a subsidiary of the Corporation, the Corporation has the duty to ensure that any of the subsidiary's customers can communicate with the subsidiary in respect of those services, and obtain those services from the subsidiary, in either official language in any case where those services, if provided by the Corporation, would be required under Part IV of the Official Languages Act to be provided in either official language. Subsidiary body corporate (3) For the purposes of this section, a body corporate is a subsidiary of the Corporation if
Control (4) For the purposes of subsection (3), a body corporate is controlled by another body corporate if
Application of subsection (2) (5) Subsection (2) applies
[Note: Subsection 10(2) in force July 5, 2000, see SI/2000-59.] Extension (6) The Governor in Council may, by order made on the recommendation of the Minister of Transport, increase the three years referred to in paragraph (5)(b) to a maximum of four years in respect of a route served, or an office or facility from which service is provided, by a subsidiary. Duties of replacements (7) If Canadian Airlines International Ltd., Canadian Regional Airlines Ltd. or a subsidiary of the Corporation replaces the Corporation or one of its subsidiaries in providing an air service, including incidental services, that the Corporation or the subsidiary provided on or after December 21, 1999, the Corporation has the duty to ensure that any of the customers of the person who replaces the Corporation or the subsidiary can communicate with that person in respect of those services, and obtain those services from that person, in either official language in any case where those services, if provided by the Corporation or the subsidiary, would be required under Part IV of the Official Languages Act or under subsection (2) to be provided in either official language. For greater certainty (8) For greater certainty, subsections (2) and (7) do not affect any duty that the Corporation may have under section 25 of the Official Languages Act. Deemed duty (9) For the purposes of Parts VIII, IX and X of the Official Languages Act, the duties referred to in subsections (2) and (7) are deemed to be duties under Part IV of that Act. Definitions (10) The definitions in this subsection apply in this section. "air service" « service aérien » "air service" has the same meaning as in subsection 55(1) of the Canada Transportation Act.
"customer" « client » "customer" means, in respect of a subsidiary referred to in subsection (2) or (7), a passenger, shipper or consignee using or intending to use an air service, including incidental services, provided or made available by that subsidiary.
"incidental services" « services connexes » "incidental services" include, in respect of a subsidiary referred to in subsection (2) or (7),
"route" « trajet » "route" means, in respect of a subsidiary of the Corporation, a route on which the subsidiary provides a two-way air service between the starting and finishing points of that service by a single conveyance, with or without intermediate stops.
"shipper" « expéditeur » "shipper" has the same meaning as in section 6 of the Canada Transportation Act. Deemed approval 10.1 (1) The proposed acquisition described in a letter dated December 21, 1999 from 853350 Alberta Ltd. and Air Canada to the Minister of Transport is deemed to be a transaction that has been approved by the Governor in Council under subsection 56.2(6) of the Canada Transportation Act on the day on which that subsection comes into force. [Note: Subsection 56.2(6) of the Canada Transportation Act in force July 5, 2000, see SI/2000-59.] Deemed terms and conditions (2) The undertakings provided by 853350 Alberta Ltd. and Air Canada to the Minister of Transport in the letter referred to in subsection (1) are deemed to be terms and conditions of an order made under subsection 56.2(6) of the Canada Transportation Act that relate to national transportation concerns, and the undertakings provided by 853350 Alberta Ltd. and Air Canada to the Commissioner of Competition that are set out in Annex A to a letter from the Commissioner dated December 21, 1999 in respect of the acquisition referred to in that subsection are deemed to be terms and conditions of an order made under subsection 56.2(6) of the Canada Transportation Act that relate to potential prevention or lessening of competition. Deemed affiliates (3) For the purposes of sections 45 and 61 of the Competition Act, Canadian Airlines Corporation, Canadian Airlines International Ltd. and Canadian Regional Airlines Ltd. are deemed to be affiliates of Air Canada in respect of any thing they do after December 21, 1999 and before the earlier of the coming into force of this subsection and the day on which the undertakings referred to in subsection (2) cease to have effect. [Note: Subsection 10.1(3) in force July 5, 2000, see SI/2000-59.] If undertakings cease to have effect (4) The Governor in Council may, by order, declare that 853350 Alberta Ltd. and Air Canada are not subject to the terms and conditions referred to in subsection (2) if the undertakings cease to have effect and are not revived in the circumstances described in
Revocation of deemed approval (5) If the Governor in Council makes an order under subsection (4), the deemed approval under subsection (1) is revoked and any certification under paragraph 94(c) of the Competition Act in respect of the acquisition referred to in that paragraph ceases to have effect.
TRANSITIONAL, CONSEQUENTIAL, REPEAL AND
Continuation in office 11. (1) Subject to subsection (2), the members of the Board of Directors of the Corporation who were appointed pursuant to the Air Canada Act and held office immediately prior to the day on which the Corporation becomes a corporation to which the Canada Business Corporations Act applies continue to hold office according to the terms of their appointment. Directors cease to hold office (2) The members of the Board of Directors of the Corporation cease to hold office at the close of the first annual meeting of shareholders of the Corporation held after the issuance date, which meeting shall be held not later than six months following the end of the Corporation's financial year in which that date falls. No right to compensation (3) No person has any right to claim or receive any compensation, damages, indemnity or other form of relief from Her Majesty in right of Canada or any servant or agent thereof for ceasing to hold office pursuant to, or for the abolition of that office by, this Act. Definition of "issuance date" (4) In this section and section 12, "issuance date" means the date on which shares of the Corporation are first issued after the coming into force of those sections to any person, other than the Minister. Qualification of shares 12. (1) For the purpose of qualifying the shares of the Corporation
the Corporation is deemed to have satisfied the requirements of those paragraphs with respect to each of the five years immediately preceding the issuance date. Qualification of debt obligations (2) For the purpose of qualifying the bonds, debentures or other evidences of indebtedness of the Corporation
the Corporation is deemed to have satisfied the requirements of the paragraphs referred to in subsection (1) with respect to each of the five years immediately preceding the issuance date.
13. [Amendments]
Repeal of R.S., c. A-10 14. (1) The Air Canada Act is repealed on the day on which the Corporation becomes a corporation to which the Canada Business Corporations Act applies. Director to give notice (2) The Director is not required to comply with subsection 187(6) of the Canada Business Corporations Act in respect of the Corporation, but the Director shall, on issuing the certificate of continuance of the Corporation, cause a notice to be published in the Canada Gazette setting out the date on which the certificate was issued and on which the Air Canada Act was repealed.
Coming into force 15. Section 13 shall come into force on a day to be fixed by order of the Governor in Council. [Note: Section 13 in force October 12, 1988, see SI/88-201.]
SCHEDULE
R.S., 1985, c. 35 (4th Supp.)
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