ACE Aviation Holdings, as it reported a first-quarter net loss of C$182 million ($180 million), reiterated plans to close down the business but cited difficulty in disposing of its 75% stake in Air Canada and 20.1% stake in Jazz. This year's loss represented a 152.8% increase over a loss of C$72 million in the year-ago period. "Given. . .fuel prices, the likelihood of something happening imminently with Air Canada vis-a-vis a sale is low," Chairman, President and CEO Robert Milton said ...

Subscribe to Access this Entire Article

"Nearing closure, ACE reports C$182 million first-quarter loss" 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.