ACE Aviation Holdings, which was created in 2004 as part of Air Canada's restructuring and still holds a 75% stake in AC, this week revealed plans to use C$811 million ($644 million) in cash reserves to purchase all of its outstanding convertible shares and senior notes, allowing it to seek shareholder approval for liquidation. The dissolution of ACE long has been planned by Chairman, President and CEO Robert Milton (ATWOnline, May 30) and paves the way for AC to become a fully publicly ...

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