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Air Canada
Air Canada strengthens financial position with U.S.$2.15 billion senior secured credit facilities

Air Canada has announced the successful closing of U.S.$2.15 billion senior secured credit facilities, comprising a U.S.$1.175 billion term loan B maturing in 2031 and a U.S.$975 million revolving credit facility maturing in 2029. The proceeds from the term loan, along with U.S.$1.09 1.09 billion from Air Canada′s balance sheet, will be used to refinance

Air Canada steps in with fare caps and extra seats following Lynx Air’s shutdown announcement

Air Canada has announced plans to cap fares and introduce over 6,000 extra seats on routes that were operated by Lynx Air, following Lynx Air’s decision to suspend its operations starting February 26, 2024. This measure by Air Canada is aimed at providing Lynx Air’s customers, affected by the airline’s cessation, with more affordable travel

Air Canada, WestJet latest airlines to drop social distancing

The news comes after the IATA called last month for an end to in-flight physical distancing rules, proposing a range of more economical measures.

Air Canada reportedly looking to bail on Transat deal

The flag carrier had originally announced plans to acquire Air Transat, the country's third largest airline, in May 2019. An offer was subsequently made at C$13 per share, or an all-cash bid of C$520 million.

Air Canada launches ‘abridged’ summer schedule

The company says that it has shed nearly 95 per cent of its service over the course of the COVID-19 crisis, and has been left flying to less than half of previous destinations.

Monday updates: Air Canada cuts 20,000 staff

Air Canada is set to axe 20,000 out of 38,000 roles within the next three weeks, according to a leaked memo to employees from one of the airline's most senior executives.


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