11-Jun-2010 11:11 AM

Air Canada receives commitment from GE Japan for aircraft loan facility

Air Canada announced (10-Jun-2010) it has received a commitment from GE Japan Corporation for a senior secured term loan facility of up to USD170.5 million to finance a portion of the purchase price for 16 aircraft leased and operated by Air Canada. Completion of the financing is subject to certain customary terms and conditions. [more]