Air Canada closes EETC

Air Canada has closed its previously announced private offering of three tranches of enhanced equipment trust certificates (EETC), in the aggregate face amount of US $714,534,000. The private offering is comprised of Class A certificates, Class B certificates and Class C certificates. The Class A certificates have an interest rate of 4.125% per annum and a final expected distribution date of May 15, 2025. The Class B certificates have an interest rate of 5.375% per annum and a final expected distribution date of May 15, 2021. The Class C certificates have an interest rate of 6.625% per annum and a