08:10 AM EDT, 07/03/2025 (MT Newswires) -- Air Canada ( ACDVF ) , which rose 1.5% on Wednesday, said it repaid US$274 million in outstanding 4.000% convertible senior notes due July 2025 for an aggregate amount of approximately US$279.6 million, including accrued interest.

The notes were cancelled upon repayment.

A company statement noted that its repayment of the notes in cash at maturity, together with its recently completed C$500 million substantial issuer bid, are further steps towards its goals of reducing the fully diluted number of shares below 300 million by 2028.