AC Reaches Deal With GECAS For New Leases, Exit Financing

Air Canada last week concluded a tentative deal with GE Capital Aviation Services (GECAS) to restructure more than 100 GECAS-financed and -managed aircraft, as well as for new exit and aircraft financing totaling about C$1.8 billion (US$1.3 billion). The restructuring of the GECAS aircraft leases...

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