MONTREAL, May 13, 2025 /CNW/ - Air Canada (TSX:AC.TO) today announced the terms of its previously announced substantial issuer bid (the "Offer") pursuant to which Air Canada will offer to purchase for cancellation up to $500 million of its Class A Variable Voting Shares and Class B Voting Shares (collectively, the "Shares"). All dollar amounts are in Canadian dollars. The Offer is expected to commence on May 16, 2025 and expire at 11:59 pm (Eastern time) on June 20, 2025, unless extended, varied or withdrawn by Air Canada.
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