Air Canada price share offering

Air Canada has priced its previously announced overnight marketed public offering of 35,420,000 Class A Variable Voting Shares and/or Class B Voting Shares of the company at a price to the public of C$24.00 per Share for aggregate gross proceeds of approximately C$850 million. The underwriters have also been granted an option to purchase up to an additional 15% of the Shares in the Offering, exercisable in whole or in part at any time until 30 days after the close. The offering is expected to close on or about December 30, 2020. Air Cananda will use the net proceeds to