Largely driven by proceeds from the partial sale of Regional subsidiary Jazz, Air Canada parent ACE Aviation Holdings posted first-quarter net income of C$118 million ($107.3 million), a figure that represented a vast improvement over a C$77 million loss in the year-ago quarter and overshadowed a C$29 million operating loss. "During the quarter we made substantial progress in creating shareholder value through the successful monetization of our Regional carrier Jazz," Chairman, President and ...
Subscribe to Access this Entire Article
"Air Canada parent reports first-quarter profit driven by Jazz IPO" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions? ATWPlus@penton.com.
