Air China and Air Canada signed a joint venture agreement on Wednesday in Beijing, which will enable the two aviation groups to offer better customer services, including optimizing flight schedules, improving lounge services and promoting joint sales, according to Calin Rovinescu, the president of Air Canada.

He added that the Chinese aviation market is expected to become the world's largest by 2022 and the new joint venture is a "tremendous opportunity" for Air Canada that will further drive its participation in this market.

The agreement was made in time for the 2018 China-Canada Year of Tourism and followed an expansion of code-share services that was announced by the two airlines last month.

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