RE:RE:RE:STUPID IS AS STUPID DOESThumbs Up CTF ! Agreed, strategy may actually be very simple ...
The company intends to use the net proceeds from the Offerings to supplement its working capital and other general corporate purposes. The net proceeds from the Offerings will serve to increase Air Canada's cash position, thereby allowing for additional flexibility both from an operational standpoint and in the implementation of its planned mitigation and recovery measures in response to the COVD-19 pandemic.