Air Canada to finance 777-300ERs with $606m EETC offering

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Air Canada will finance its new Boeing 777-300ER aircraft via a $606 million private offering for two tranches of enhanced equipment trust certificates (EETC).

The Montreal-based carrier expects to receive five new Boeing 777-300ER aircraft between June 2013 and February 2014.

Canada ratified the Cape Town treaty in December, which allows Canadian airlines to have more options for aircraft financing.