Air Canada completes notes offering

Air Canada has completed its previously announced private offering of US$400 million of 7.75% senior unsecured notes due 2021. Air Canada received net proceeds of approximately C$432 million from the sale of the Notes and will use these proceeds for general corporate purposes. “The successful completion of our unsecured note offering is another significant transformational event for Air Canada as we enter a new phase of capital investment in our fleet and product,” said Calin Rovinescu, President and Chief Executive Officer. “I was especially pleased with the offering’s reception. The capital markets have demonstrated their confidence in Air Canada by