ACE Aviation Holdings, parent of Air Canada, yesterday reported net income of C$168 million ($138.5 million) for the second quarter ended June 30, which included a dilution gain of C$190 million and a tax provision of C$28 million related to an Aeroplan transaction offset by a $29 million charge related to the extinguishment of its credit facility with GE Capital Corp. This compares to a C$510 million net loss in the prior-year period, which included reorganization and restructuring items of ...

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