Buoyed by a 39.6% increase in second-quarter net profit to C$236 million ($210.4 million), Air Canada parent ACE Aviation Holdings announced Friday its intention to launch an IPO of a minority stake in the mainline and to "monetize" Air Canada Technical Services later this year. "The board has reaffirmed its strategy to maximize shareholder value by surfacing the underlying value of the subsidiaries," ACE Chairman, President and CEO Robert Milton said. He added that last year's flotation of ...

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