January 28, 2022
Air Canada repurchases warrants issued to CEEFC
On November 19, 2021, Air Canada announced it was withdrawing from its financing agreement with CEEFC providing $3.975 billion in facilities that were never accessed, and that Air Canada would be repurchasing the 7,288,282 warrants issued to CEEFC as part of the initial transaction. On January 28, Air Canada paid CEEFC fair market value of $82.2 million for those warrants. CEEFC no longer holds any Air Canada warrants.