Air Canada plans $606.27 million private sale of equipment trust certificates in two tranches

By Andrea Heisinger

New York, April 24 - Air Canada announced an offering of enhanced equipment trust certificates in two tranches totaling $606.27 million in a press release on Wednesday.

Pricing will be done under Rule 144A and Regulation S.

Proceeds will be used by two pass-through trusts to acquire equipment notes used to finance the acquisition of five new Boeing aircraft scheduled for delivery from June 2013 to February 2014.

The commercial airline is based in Montreal.

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