Air Canada parent profits on sale of US Airways shares
ACE Aviation Holdings Inc., parent holding company of Air Canada, has sold a further 2.75 million shares in US Airways Group Inc. for $137.9 million.
Since its original investment of $75 million for 5 million shares in September last year, ACE has now sold 4.5 million shares for a total of $205.48 million.
ACE said its remaining 500,000 shares in US Airways have a market value of $27.8 million based on the closing price on July 6.
Air Canada parent profits on sale of US Airways shares