Air Canada 2007 Annual Report Download - page 42

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2007 Air Canada Annual Report
42
The following table provides Air Canada’s current and planned committed capital expenditures and the related fi nancing
arrangements as at December 31, 2007. The table also refl ects the letters of intent for the sale and lease back of four of
the nine Boeing 777 aircraft scheduled for delivery in 2008 as well as the EXIM loan guarantee support, all of which were
signed in January 2008.
Air Canada Projected Planned and
Committed Capital Expenditures
($ millions)(1) (2)
2008
2009
2010
2011
2012
Thereafter
Projected committed expenditures $ 555 $ 102 $ 760 $ 891 $ 692 $ 1,739
Projected planned but
uncommitted expenditures 260 205 169 104 70
Total projected expenditures 815 307 929 995 762
Projected fi nancing on committed expenditures (591 ) - (684 ) (804 ) (619 )
Total projected expenditures, net of fi nancing $ 224 $ 307 $ 245 $ 191 $ 143
(1) US dollar amounts are converted using the December 31, 2007 noon day rate of 1US$ = Cdn$0.9881. Final aircraft delivery prices include estimated escalation and
interest on deferred delivery payments, which is calculated based on the 90-day USD LIBOR rate at December 31, 2007.
(2) The dollar amounts refl ected above do not include obligations pertaining to day-to-day operations.
7.8 SHARE INFORMATION
An aggregate of 100 million Class A variable voting shares and Class B voting shares in the capital of Air Canada are issued
and outstanding.
The issued and outstanding shares of Air Canada, along with shares potentially issuable, are as follows:
Number of shares
At January 31,
2008
At December 31,
2006
Issued and outstanding shares
Class A variable voting shares 16,476,999 18,343,095
Class B voting shares 83,523,001 81,656,905
Total issued and outstanding shares 100,000,000 100,000,000
Class A variable voting and Class B voting shares potentially issuable
Stock options 1,720,092 1,695,035
Total shares potentially issuable 1,720,092 1,695,035
Total outstanding and potentially issuable shares 101,720,092 101,695,035