On January 30, 2009, Air Canada announced that it had concluded a secured financing transaction valued at US$37 million with Norddeutsche Landesbank Girozentrale. This transaction increased a previously announced facility for US$78 million with Calyon New York Branch and Norddeutsche Landesbank Girozentrale announced December 22, 2008, providing for a five-year loan that matures in December 2013.

The lenders were advised in this transaction by a team from Fasken Martineau led by Jon Holmstrom and that included, among others, David Johnson, David Lemieux, Francis Trifiro and Félix Gutierrez.