Here is the article.
Air Canada said it is also moving up the date for retiring older Boeing 767, Airbus A319 and Embraer 190 aircraft, with the Embraer regional jets exiting the fleet immediately. The move will simplify the fleet, reduce its cost structure and lower carbon emissions.
In March, Air Canada drew down about $1 billion from its lines of credit, and now has unemcumbered liquidity of CA$6.5 billion, down from CA$7.4 billion at the start of the year. Last month, it obtained a one-year term loan for $600 million, secured by aircraft and spare engines and said it will continue to pursue additional financing arrangements. And in late April it concluded bridge financing of CA$788 million for 18 Airbus A220 aircraft, which Air Canada expects to replace with long-term secured financing later this year.
No comments:
Post a Comment