Air Canada Closes Offering

Air Canada has closed its previously announced private offering of three tranches of enhanced equipment trust certificates, in the aggregate face amount of US $714,534,000. The private offering is comprised of Class A certificates, Class B certificates and Class C certificates. The Class A certificates have an interest rate of 4.125 per cent per annum and a final expected distribution date of May 15, 2025. The Class B certificates have an interest rate of 5.375 per cent per annum and a final expected distribution date of May 15, 2021. The Class C certificates have an interest rate of 6.625 per cent per annum and a final expected distribution date of May 15, 2018.

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