ACE Aviation Holdings yesterday said it will sell 13 million units of its Jazz Air Income Fund to West Face Capital and Sunrise Partners Ltd. Partnership for approximately $96.9 million, Reuters reported. ACE's stake in the regional will drop to 9.5% from 20.1%.
Subscribe to Access this Entire Article
"Other News - 01/16/2008" 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.