Air Canada Pass Through Trust, established in 2002 and headquartered in Montreal, serves as a financing vehicle for Air Canada's operations by facilitating the issuance of securities secured by aircraft lease payments. The Trust plays a crucial role in ensuring liquidity and funding for various fleet management initiatives while enhancing the overall financial flexibility of Air Canada.
| Bond Name | Country | Maturity | Coupon(%) | |
|---|---|---|---|---|
| ACACN 5.25% 2030-10-01 USDAir Canada Pass Through Trust | Canada | 2030-10-01 | 5.250 | 5.33 |
| ACACN 5.25% 2030-10-01 USDAir Canada Pass Through Trust | Canada | 2030-10-01 | 5.250 | 5.35 |
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
The Trust is notable for its bond issuances, having launched its inaugural bond offering in 2003. In 2021, it issued a series of bonds amounting to CAD 1.5 billion, which were particularly focused on refinancing existing debt and optimizing their capital structure. Currently, the yields of its bonds are competitive within the aviation sector, aligned with prevailing market conditions. Unique features of the bonds include robust covenants designed to safeguard investors, and recent news highlights the Trust’s strategic alignment with Air Canada's sustainability goals, potentially impacting future financing strategies.