Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers A > Headlines for Air Canada Inc. > News item |
Air Canada to sell roughly $1.03 billion equipment trust certificates
By Aleesia Forni
Virginia Beach, March 11 – Air Canada plans to sell a $1,031,390,000 three-tranche issue of enhanced equipment trust certificates, according to a company release.
Each class of certificates will represent an interest in a related pass through trust, with the proceeds to be used to acquire equipment notes to be issued by Air Canada and secured by one Boeing 787-8 aircraft delivered in January 2015 and eight new Boeing 787-9 aircraft, which are currently scheduled for delivery from July 2015 to March 2016.
The Montreal-based airline plans to use the proceeds for general corporate purposes and to pay fees and expenses related to the offering, and will use the proceeds from the sale of the other equipment notes to finance the acquisition of the eight new Boeing 787-9 aircraft.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.