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 ...

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