Air Canada Announces Closing of Private Offering of Enhanced Equipment Trust Certificates

Air Canada Announces Closing of Private Offering of Enhanced Equipment Trust 
MONTREAL, May 9, 2013 /CNW Telbec/ - Air Canada announced today the closing of 
its previously announced private offering of three tranches of enhanced 
equipment trust certificates, in the aggregate face amount of U.S. 
$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 annum and a final expected distribution date of 
May 15, 2025. The Class B certificates have an interest rate of 5.375% per 
annum and a final expected distribution date of May 15, 2021. The Class C 
certificates have an interest rate of 6.625% per annum and a final expected 
distribution date of May 15, 2018. 
"Our EETC offering was very well received by the institutional investors to 
whom it was directed, with the Class A tranche rated "Investment Grade" by the 
rating agencies," said Calin Rovinescu, President and Chief Executive Officer. 
"Our participation in this marketis an important development for us as it 
representsnew opportunities for future aircraft financings at 
internationally competitive levels. We are pleased with the offering's 
reception which reflects positively on Air Canada and the continued progress 
being made to achieve a sustainable transformation." 
As previously announced, each class of certificates represents an interest in 
its respective pass through trust. The trusts will use the proceeds from the 
offering to acquire equipment notes that will be issued to finance the 
acquisition of five new Boeing 777-300ER aircraft, which will be added to Air 
Canada's fleet and which are currently scheduled for delivery during the 
period from June 2013 to February 2014. 
The equipment notes will be secured by the five Boeing 777-300ER aircraft 
being acquired, and the security interest in each of the aircraft will benefit 
from the protections of the Cape Town Convention on International Interests in 
Mobile Equipment and the Protocol thereto on Matters Specific to Aircraft 
Equipment, as enacted in Canada. 
The certificates were offered and sold only to qualified institutional buyers 
in reliance on Rule 144A under the Securities Act of 1933, as amended (the 
"Securities Act"), and to certain non-U.S. persons in transactions outside the 
United States in reliance on Regulation S under the Securities Act. In Canada, 
the certificates were offered and sold on a private placement basis to 
accredited investors in certain provinces. 
The certificates have not been and will not be registered under the Securities 
Act or the securities laws of any other jurisdiction and may not be offered or 
sold in the United States absent registration or an applicable exemption from 
the registration requirements of the Securities Act and state securities laws. 
The certificates have not been and will not be qualified for sale to the 
public under applicable Canadian securities laws and, accordingly, any offer 
and sale of the certificates in Canada will be made on a basis that is exempt 
from the prospectus requirement of such securities laws. This press release 
shall not constitute an offer to sell the certificates or the solicitation of 
an offer to buy the certificates, nor shall there be any sale of the 
certificates in any state or jurisdiction where such offer, solicitation or 
sale is not permitted. 
Air Canada's public communications may include forward-looking statements 
within the meaning of applicable securities laws. Forward-looking statements, 
by their nature, are based on assumptions and are subject to important risks 
and uncertainties. Forward-looking statements cannot be relied upon due to, 
amongst other things, changing external events and general uncertainties of 
the business. Actual results may differ materially from results indicated in 
forward-looking statements due to a number of factors, including without 
limitation, industry, market, credit and economic conditions, the ability to 
reduce operating costs and secure financing, pension issues, energy prices, 
employee and labour relations, currency exchange and interest rates, 
competition, war, terrorist acts, epidemic diseases, environmental factors 
(including weather systems and other natural phenomena, and factors arising 
from man-made sources), insurance issues and costs, changes in demand due to 
the seasonal nature of the business, supply issues, changes in laws, 
regulatory developments or proceedings, pending and future litigation and 
actions by third parties as well as the factors identified throughout Air 
Canada's public disclosure file available at Any 
forward-looking statements contained in this news release represent Air 
Canada's expectations as of the date of this news release and are subject to 
change after such date. However, Air Canada disclaims any intention or 
obligation to update or revise any forward-looking statements whether as a 
result of new information, future events or otherwise, except as required 
under applicable securities regulations. 
Isabelle Arthur (Montréal)514 422-5788 Peter Fitzpatrick (Toronto)416 
263-5576 Angela Mah (Vancouver)604 270-5741 
SOURCE: Air Canada 
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ST: Quebec
-0- May/09/2013 14:56 GMT
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