EL7.AI
StocksMedium•25 September 2026•
1 min read

Air Canada Announces Preliminary Results of $800M Share Buyback

Key Facts

1Air Canada announced preliminary results of its substantial issuer bid to purchase for cancellation up to $800 million of its Class A and Class B shares.
2The purchase price for the offer was set at a range of not less than $29.00 and not more than $33.00 per share.

Air Canada announced the preliminary results of its substantial issuer bid to purchase for cancellation up to $800 million of its Class A and Class B voting shares. The company stated in a GlobeNewswire release that it expects to take up and pay for 27,586,206 shares at a price of $29.00 per share, representing approximately 9.8% of its total issued and outstanding shares as of September 24, 2026.

The purchase price was executed within a previously established range of $29.00 to $33.00 per share as part of a broader capital return strategy. This corporate action coincides with recent Canadian economic data, including a 0.1% decline in the New Housing Price Index reported on September 18, 2026, amid the company's efforts to manage its share structure and valuation.