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Air Canada Finalizes Terms of $800 Million Substantial Issuer Bid

Air Canada finalized terms for an $800 million share buyback on Monday, August 17, 2026, planning to purchase up to 9.8% of its outstanding shares for cancellation.
The company will fund these repurchases using proceeds from a recently received minority equity investment in Aeroplan by Blackstone and La Caisse, together with other leading Canadian institutions.
Shareholders may participate via a "modified Dutch auction," submitting tenders between $29.00 and $33.00 per share in $0.10 increments, allowing investors to set their own exit price.
The offer commences on August 20, 2026, and expires September 24, 2026; holders of fewer than 100 shares are exempt from proration if the total tender exceeds $800 million.
Management aims to repurchase shares at attractive valuations while preserving balance sheet strength as Air Canada continues to serve more than 180 airports across six continents.

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Air Canada Finalizes Terms of $800 Million Substantial Issuer Bid

MONTRÉAL, Aug. 17, 2026 (GLOBE NEWSWIRE) — Air Canada (TSX: AC) today finalized the terms of its previously announced substantial issuer bid (the “offer”) under which it will offer to purchase for cancellation up to $800 million of its Class A variable voting shares and Class B voting shares (collectively, the “shares”).1 The offer will […]

17 hours ago·Toronto, Canada

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St Catharines Standard

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Air Canada Finalizes Terms of $800 Million Substantial Issuer Bid

MONTRÉAL, Aug. 17, 2026 (GLOBE NEWSWIRE) -- Air Canada (TSX: AC) today finalized the terms of its previously announced substantial issuer bid (the “offer”) under which it will offer to purchase for cancellation up to $800 million of its Class…

21 hours ago·Welland, Canada

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