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Air Canada Raises $1.02 Billion  
User currently offlineRP TPA From United States of America, joined Oct 1999, 852 posts, RR: 0
Posted (4 years 8 months 3 weeks 1 day 18 hours ago) and read 2194 times:

From AirCanada.ca

http://micro.newswire.ca/release.cgi...ey=1707299392&view=13213-0&Start=0

5 replies: All unread, jump to last
 
User currently offlineYTZ From Canada, joined Jun 2009, 1832 posts, RR: 23
Reply 1, posted (4 years 8 months 3 weeks 1 day 17 hours ago) and read 2093 times:

That's good news but this is even more interesting:

Amended Boeing 787 Purchase Agreement
-------------------------------------

Air Canada and Boeing have agreed to amend the Boeing 787 Dreamliner
purchase agreement to reduce the number of options for additional Boeing 787
aircraft by ten, from 23 to 13, and to provide for purchase rights for ten
Boeing 787 aircraft. Air Canada continues to have 37 firm orders for Boeing
787 aircraft. Air Canada and Boeing also agreed to amend certain commercial
terms, including to revise delivery dates and to provide for certain financial
adjustments. Air Canada's first Boeing 787 aircraft, is now scheduled for
delivery in the second half of 2013.


So now we finally have some estimate on when AC will get its 787s.


User currently offlineKL911 From Ireland, joined Jul 2003, 5084 posts, RR: 12
Reply 2, posted (4 years 8 months 3 weeks 1 day 17 hours ago) and read 2058 times:



Quoting YTZ (Reply 1):
So now we finally have some estimate on when AC will get its 787s.

Please don't stick to a date, we've all learned that now right? The 787 will fly whenever it decides to fly, nobody knows.... So don't take those dates to serious.



Next trip : DUB-AUH-CGK-DPS-KUL-AUH-CDG-ORK :-)
User currently offlineRP TPA From United States of America, joined Oct 1999, 852 posts, RR: 0
Reply 3, posted (4 years 8 months 3 weeks 1 day 17 hours ago) and read 2031 times:



Quoting YTZ (Reply 1):
Amended Boeing 787 Purchase Agreement

What exactly does the new agreement mean? The original one was for 37 firm orders, and 23 options. Does the "purchase rights for ten Boeing 787 aircraft" mean that they are converting 10 options to firm orders?


User currently offlineSpyderz From Canada, joined Apr 2001, 651 posts, RR: 0
Reply 4, posted (4 years 8 months 3 weeks 1 day 16 hours ago) and read 1943 times:

Well performing sale leasebacks on 777-300ERs and obtaining financing at the staggering rate of 12.75%, while still impressive, equates a little more than selling the office furniture for firewood. In essence, Air Canada has no more assets in which to obtain additional secured financing. This does not change Air Canada's fundamental problems and if the economy remains the same, or the price of oil increases, Air Canada will burn through this cash in no time, albeit other carriers will likely as well.

User currently offlineAsiaflyer From Singapore, joined May 2007, 1111 posts, RR: 0
Reply 5, posted (4 years 8 months 3 weeks 1 day 11 hours ago) and read 1748 times:



Quoting RP TPA (Reply 3):
What exactly does the new agreement mean? The original one was for 37 firm orders, and 23 options. Does the "purchase rights for ten Boeing 787 aircraft" mean that they are converting 10 options to firm orders?

Purchase rights VS options was discussed here.

Purchase Rights Vs. Options -- Difference? (by JAAlbert Apr 24 2007 in Civil Aviation)



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