ACE Aviation Holdings announced the sale of an additional 2.75 million shares of US Airways Group stock in June and July "through a series of transactions on the open stock market" that netted proceeds of $137.9 million. Air Canada's parent said it has earned $205.5 million from the sale of shares in its Star Alliance partner from an initial investment of $75 million in September 2005. ACE still holds 500,000 shares.

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.