Air Canada 2008 Annual Report Download - page 106

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2008 Air Canada Annual Report
106
• TheCorporationsoldsixDash-8aircraftforproceedsof$10withabookvalueof$8,resultinginagainonsaleof$2.
• TheCorporationsoldanA319aircraftforproceedsof$23withabookvalueof$21,resultinginagainonsaleof$2.
During 2007:
• TheCorporationsoldanin-serviceaircraftforproceedsof$23withabookvalueof$21,resultinginagainonsale
of $2 (loss of $2 net of tax).
• TheCorporationsoldabuildingtoAveosforproceedsof$28whichwasequaltothecarryingvalueoftheasset(Note
18).
• ACRJ-100aircraftownedbyAirCanadaandleasedtoJazzwasdamagedbeyondrepair.Asaresultofinsurance
proceeds of $21, Air Canada recorded a gain on disposal of $14 ($10 net of tax).
• TheCorporationsoldoneofitscommercialrealestatepropertiesfornetproceedsof$42withacarryingvalueof
$37, resulting in a gain on sale of $5 ($4 net of tax).
• TheCorporationsold18parkedaircraftforproceedsof$2withanilbookvalue,resultinginagainonsaleof$2($1
net of tax).