Air Canada is following several other major carriers with the recent announcement that it will introduce a basic business and premium economy class fare. The elevated cabins will have a new premium fare category, known as Premium Economy Basic and Business Classic Basic. The Canadian flag carrier will introduce these new business class and premium economy basic fares on travel within the markets of the Caribbean, Latin America, Mexico and South America. More Choice For The Premium TravelerCredit: Air CanadaIt's no surprise to see Air Canada follow other airlines in offering a basic fare type in its premium cabins. While historically the basic fare has been reserved for economy-class cabins, it is now being rolled out across the aircraft on Air Canada.