ACE Aviation sells Aeroplan, Jazz stakes

ACE Aviation Holdings Inc., Air Canada’s parent company, said yesterdayit sold its remaining stakes in Aeroplan Income Fund and Jazz AirIncome Fund for $434 million, moving closer to its goal of winding upoperations.<br />


ACE Aviation Holdings Inc., Air Canada’s parent company, said yesterday it sold its remaining stakes in Aeroplan Income Fund and Jazz Air Income Fund for $434 million, moving closer to its goal of winding up operations.

ACE Chief Executive Robert Milton has been evaluating the best way to part with the Air Canada stake as a way to end the holding company structure it set up in 2004 as part of the airline’s bankruptcy protection proceedings.

 
 
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