Air Canada (AC.TO) is working to obtain government approvals ahead of it launching scheduled service to Lagos, Nigeria, next year, the company said on Thursday.
The federal government, earlier Thursday morning, announced an expanded air transport agreement between Canada and Nigeria that stipulated a capacity allowance of 14 weekly passenger flights and 10 weekly all-cargo flights for the airlines of each country.
"We welcome this expanded Air Transport Agreement and look forward to obtaining the necessary government approvals to begin service to Lagos, Nigeria in the coming year," said Mary-Jane Lorette, vice president of International Affairs at Air Canada.
Air Canada shares were last seen down C$0.19 at C$26.39 on the Toronto Stock Exchange.
Price: $26.39, Change: $-0.19, Percent Change: -0.73%