Air Canada provides information on its cash position
MONTREAL, Aug. 23 /CNW Telbec/ - In response to recent media inquiries, Air Canada confirms that it has a minimal exposure of approximately $37 million in asset-backed commercial paper (ABCP). Air Canada's cash position of approximately $1.4 billion remains very strong and the Corporation does not foresee any meaningful impact to it resulting from the current liquidity situation regarding ABCP.
For further information:
For further information: Isabelle Arthur (Montréal), (514) 422-5788; Peter Fitzpatrick (Toronto), (416) 263-5576; Angela Mah (Vancouver), (604) 270-5741; aircanada.com