Air Canada boosted its liquidity with a series of financial agreements in late December. It arranged a five-year, $78 million loan from Calyon New York Branch and Norddeutsche Landesbank Girozentrale and secured a revolving credit facility with the Canadian Imperial Bank of Commerce, which agreed to provide AC with up to C$100 million ($82.9 million) of revolving credit for one year. AC said it drew C$50 million from the facility upon closing. The carrier also concluded a series of ...

Subscribe to Access this Entire Article

"Other News - 01/05/2009" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions? ATWPlus@penton.com.

Already registered? here.