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Air Canada concludes financing for US$78 million

Dec. 22, 2008, Montreal  - Air Canada today announced that it has concluded a secured financing transaction valued at US$78 million (approximately C$95 million) with Calyon New York Branch and Norddeutsche Landesbank Girozentrale.


December 22, 2008
By Carey Fredericks

Dec. 22, 2008, Montreal  – Air Canada today announced that it has concluded a secured financing transaction valued at US$78 million (approximately C$95 million) with Calyon New York Branch and Norddeutsche Landesbank Girozentrale. The five year loan matures in December 2013.
    
This agreement represents an additional step in the implementation of Air Canada's strategy of improving its short term and longer term liquidity through both traditional and non-traditional means.