Air Canada sold an airplane and used the proceeds to improve its financial position.It then leased the airplane back in order to continue the use of the asset.This is an example of:

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This is a clear example of a sale and leaseback transaction. Air Canada sold its airplane to generate cash and improve its financial position and then leased it back to continue using the asset. This type of transaction is a common way for companies to raise cash while still maintaining use of their assets.

Air Canada Sold an Airplane and Used the Proceeds to Improve