Air Canada raises additional C$1.23 billion
Air Canada said Monday it had closed two additional financing deals for net proceeds of C$1.23b ($909m), as it shores up funds to meet expenses amid the coronavirus crisis. Canada’s largest carrier said it had raised C$5.5b of liquidity since the start of the COVID-19 pandemic in Q1 of 2020. “The fact Air Canada was able to add C$1.23 billion to its liquidity ... without utilizing any of its previously disclosed unencumbered assets leaves the airline in an excellent position to access additional funds should the need arise,” Air Canada Treasurer Pierre Houle said.<br/>
https://portal.staralliance.com/cms/news/hot-topics/2020-06-23/star/air-canada-raises-additional-c-1-23-billion
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Air Canada raises additional C$1.23 billion
Air Canada said Monday it had closed two additional financing deals for net proceeds of C$1.23b ($909m), as it shores up funds to meet expenses amid the coronavirus crisis. Canada’s largest carrier said it had raised C$5.5b of liquidity since the start of the COVID-19 pandemic in Q1 of 2020. “The fact Air Canada was able to add C$1.23 billion to its liquidity ... without utilizing any of its previously disclosed unencumbered assets leaves the airline in an excellent position to access additional funds should the need arise,” Air Canada Treasurer Pierre Houle said.<br/>
