Air Canada on Tuesday closed its previously announced equity offering, raising net proceeds of C$249 million ($233.3 million) and hinting that the airline, which appeared to be teetering on the edge of bankruptcy last spring, is righting itself financially under new President and CEO Calin Rovinescu. The offering comprised the sale of 160,500 units composed of one Class B voting share or one Class A variable voting share and one-half of one share purchase warrant. Rovinescu, who spoke to ...

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