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Air Canada T.AC

Alternate Symbol(s):  ACDVF

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

Comment by xgbssxxon Dec 12, 2024 4:09pm
101 Views
Post# 36359790

RE:Government shares canceled

RE:Government shares canceled I wouldn't say cancelled. It sounds like they just sold the shares on the market. It might explain some of the selling pressure the last few days this week.

Honestly, the Feds were better off holding for longer, but this is good for Air Canada as it removes that connection of requiring government assistance and probably allows some lower prices for them to buyback thru the NCIB. The Feds also just owned common shares. They could have demanded a different class of equity that would have required a specific form of redemption, but they didn't.
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