Air Canada T.AC

Alternate Symbol(s): ACDVF

Industrials Airlines

Air Canada is an airline company. The Company is a provider of scheduled passenger services in the Canadian market, the Canada-United States (U.S.) transborder market and the international market to and from Canada. It provides scheduled service directly to more than 180 airports in Canada, the United States and internationally on six continents. The Company’s Aeroplan program is Canada's premier travel loyalty program, where members can earn or redeem points on the airline partner network of 45 airlines, plus through a range of merchandise, hotel and car rental rewards. Its freight division, Air Canada Cargo, provides air freight lift and connectivity to hundreds of destinations across six continents using its passenger and freighter aircraft. Its Air Canada Vacations is a tour operator, which is engaged in developing, marketing, and distributing vacation travel packages in the outbound/inbound leisure travel market. Air Canada Rouge is Air Canada's leisure carrier.

TSX:AC - Post by User

Air Canada > Excellent pricing for Air Canada

<< Previous

Bullboard Posts

Next >>

Comment by lb1temporaryon Jul 27, 2021 8:42pm

66 Views

Post# 33614690

RE:RE:Excellent pricing for Air Canada

Yep but the point is that the securities are the same as for the existing debt (they will be redeemed), but for a far bigger amount. If I remember correctly the existibg debt with this securities totalled 500-600M$ (the 2023 bonds 200M$ +some others).
I bought some in 2018 and 2019 ( 5 years term till 2023) at a price that give me a 3,8% annual return.
The market is cheaper today, it is full of money but I tought that 3,2 B$ at these rates for 5 and 8 years is a very good deal.

The question is more : Why they accept the Government conditions with the share dilution only 3 month and a half ago?

<< Previous

Bullboard Posts

Next >>

3 Mid-Sized Stocks to Consider This Season