On 1 April 2003, Air Canada filed for protection under the Companies' Creditors Arrangements Act; it emerged from this protection on 30 September 2004, 18 months later.
On 24 April 2007, Air Canada announced that it has exercised half of its options for the Boeing 787 Dreamliner. The firm order for the Dreamliners is now at 37 plus 23 options, for a total of 60. This makes Air Canada the largest customer of the Dreamliner in North America and the third largest in the world.
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