Air Canada parent ACE Aviation Holding is preparing to sell a share of its Regional subsidiary Jazz through an initial public offering of units of Jazz Air Income Fund, which will hold a minority interest in the carrier with ACE retaining majority control. CIBC World Markets and RBC Capital Markets are acting as joint bookrunners for the IPO, which follows a favorable ruling by the Ottawa government with regard to tax treatment of income trusts. Proceeds from the sale will be used by ACE for ...

Subscribe to Access this Entire Article

"Printer-friendly" 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.