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Air Canada Completes C$1.25 Billion Refinancing

Air Canada announced that it has completed its previously announced private offering of C$200 million of 4.75% senior secured first lien notes due 2023 (the “2016 Senior Notes”) and the closing of its previously announced U.S.$1.1 billion new senior secured credit facility, comprised of a U.S.$800 million term loan maturing in 2023, together with a new, undrawn U.S.$300 millionrevolving credit fac...

Air Canada Announces Pricing of C$1.25 Billion Refinancing

Air Canada announced that it has priced a private offering of senior secured notes and received commitments from lenders for a new credit facility in connection with its C$1.25 billion refinancing transaction. As part of its refinancing transaction, Air Canada entered into a purchase agreement with a syndicate of initial purchasers relating to a private offering of C$200 million aggregate princ...

Toronto man considers legal action after Air Canada unable to fit wheelchair on plane

A disabled Toronto man is considering legal action against Air Canada after the airline said it was unable to fly him to a U.S. city because the aircraft couldn't accommodate his motorized wheelchair. Tim Rose, who has cerebral palsy, says the airline's lack of an accessible aircraft for his trip is a grave concern not just for himself, but for all people with disabilities. The 31-ye...

Air Canada flight makes emergency landing after hail cracks windshield

An Air Canada flight from Toronto to Calgary was forced to make an emergency landing in Lethbridge, Alta. Saturday afternoon after the aircraft's windshield was cracked by hail. Air Canada spokesperson Angela Mah told The Canadian Press in an email that Flight AC1159 was approaching Calgary when the A320 airbus with 144 passengers on board flew into the hail storm and sustained damage to it...

Air Canada strands passengers in Manchester for two days

Air Canada confirmed Sunday that the passengers stranded in Manchester for two days are now en route to Toronto. The airline said it will be in touch with the affected customers for a full refund. The flight to Toronto was scheduled to leave Friday, but Air Canada had said as many as 197 passengers would have to wait until Sunday before taking off. “We apologize for the extended del...

Air Canada and Bombardier Finalize Landmark C Series Order for up to 75 Aircraft

Bombardier Commercial Aircraft and Air Canada announced today that they have finalized a firm purchase agreement consistent with the Letter of Intent (LOI) announced in February 2016. The purchase agreement includes a firm order for 45 CS300 aircraft and options for an additional 30 CS300 aircraft. “I’m pleased to officially welcome Air Canada to our CS300 family of operators as one...

Air Canada Welcomes Modernization of Air Canada Public Participation Act

Air Canada today welcomed the passage of Bill C-10 into an Act of Parliament modernizing in part the Air Canada Public Participation Act that came into effect when Air Canada was privatized 28 years ago. The revised Act allows Air Canada, like other Canadian and international carriers, to determine the location, the volume and type of aircraft maintenance it does, including the work that will be d...

Air Canada Launches Montreal-Lyon Non-stop Service

The arrival of flight AC828 at Lyon-Saint-Exupery airport yesterday morning marks the successful launch of non-stop service between Montreal and Lyon, the only year-round non-stop service between North America and Lyon. Flights will operate five times weekly during the summer and four times weekly during the winter with a Boeing 767-300ER featuring 24 International Business Class lie-flat sui...