AIR CANADA ANNOUNCES PRIVATE OFFERING OF ENHANCED EQUIPMENT Air Canada is arranging a private offering of three tranches of enhanced equipment trust certificates with a face amount of $1,031.39-million (U.S.). Each class of certificates will represent an interest in a related pass-through trust. The trusts will use the proceeds from the offering to acquire equipment notes to be issued by Air Canada and secured by one Boeing 787-8 aircraft delivered in January, 2015, and eight new Boeing 787-9 aircraft, which are currently scheduled for delivery from July, 2015, to March, 2016. 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. Air Canada will use the proceeds from the sale of equipment notes related to the Boeing 787-8 aircraft currently owned by Air Canada for general corporate purposes and to pay fees and expenses related to the offering, and will use the proceeds from the sale of the other equipment notes to finance the acquisition of the eight new Boeing 787-9 aircraft.